Byron Bay: The 'secretly rich' - not celebrities - are pushing up house prices

Why you shouldn't blame the Hemsworths for spoiling Byron Bay: Real estate agent says the 'secretly rich' are pushing out locals as house and rent prices skyrocket

By Jo Scrimshire For Daily Mail Australia

Published: 20:29 GMT, 4 January 2021 | Updated: 20:48 GMT, 4 January 2021

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A Byron Bay real estate agent who has sold homes to the Hemsworths and other celebrities insists stars aren't the ones driving up property prices in the trendy coastal town.

While frustrated locals blame a few high-profile residents for the influx of wannabe models and social media 'influencers' to the area in recent years, Peter Yopp of LJ Hooker Byron Bay says it's not A-listers who are spending the most money.

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Mr Yopp told Realestate.com.au the soaring house and rent prices in Byron Bay were actually the result of the 'secretly rich' splashing the cash.

Don't blame Thor: A Byron Bay real estate agent who has sold homes to the Hemsworths and other celebrities insists Hollywood stars aren't the ones driving up property prices in the trendy coastal town. Pictured: actors Chris Hemsworth and Elsa Pataky at their $20million home in Broken Head, near Byron Bay

Don't blame Thor: A Byron Bay real estate agent who has sold homes to the Hemsworths and other celebrities insists stars aren't the ones driving up property prices in the trendy coastal town. Pictured: actors Chris Hemsworth and Elsa Pataky at their $20million home in Broken Head, near Byron Bay

'To be honest, the people with the real money look like they don't have any money. You wouldn't even know who they are,' he said.

Mr Yopp also said sale prices were constantly rising, with new records being set whenever a luxury property changes hands.

'The latest sale is the new bottom,' he told the website. 'As soon as something else comes along, it supersedes it [in price].' 

Blame game: While frustrated locals blame a few high-profile residents for the influx of wannabe models and 'influencers' to the area in recent years, Peter Yopp of LJ Hooker Byron Bay says it's not A-listers who are spending the most money. Pictured: Chris and Elsa's mansion

Blame game: While frustrated locals blame a few high-profile residents for the influx of wannabe models and 'influencers' to the area in recent years, Peter Yopp of LJ Hooker Byron Bay says it's not A-listers who are spending the most money. Pictured: Chris and

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