Justin Hemmes digs deep for beachfront Byron Bay shack

The classic beach shack contains two bedrooms and an open-plan living/meals.

Justin Hemmes is speculated to be paying over $17 million for a classic beach shack at Byron Bay.

The Hains family renovated 20 Childe Street.

On 1922 square metres at 20 Childe Street, Belongil Beach, the single storey, two bedroom dwelling was offloaded by Melbourne’s Hains family which outlaid $2.77m in late 2012 then renovated.

The property was touted off-market; the representative was Stephen Hains, the son of billionaire businessman David, who died in January.

The agent, Sotheby’s International Realty’s James McCown, declined to comment.

The deal came a week after an as yet undisclosed buyer outlaid c$22.5 million for 19 Marine Parade overlooking Wategos Beach.

On 790 sqm, east of the township, that property holds the region’s record land rate – $28,481 per sqm.

It is speculated another Wategos Beach precinct home is set to hit the market soon with a $30m-plus guide.

Record price

The Childe St deal sets record for a Belongil Beach waterfront site – $8,844 per sqm (story continues below).

The Belongil Beach property was held by one family for 40 years from 1972.

Elsewhere in the area, in 2019, Delvene Delaney and late husband John Cornell – who played a vital role in raising Byron Bay’s profile decades ago – sold down the final piece of a 9300 sqm block in the pocket which they bought from property developer Peter Kurts for $375,000 in 1987.

The Childe Street site spreads 1922 square metres.

The biggest of those parcels was purchased by retailer Gerry Harvey for c$10m in 2015.

Stephen Ring purchased a Marine Parade home from Greg Hargrave in 2018.

Meanwhile last August, mining executive Brian Flannery and his wife, Peggy, listed a 39.75 hectare Belongil Beach North holding with c$160-$180m price hopes.

In a show of how fast Byron Bay values have moved, those vendors paid $18.5m in 2010.

The Childe St purchase comes two years since Justin Hemmes’ Merivale outlaid $13.5m for the town’s Cheeky Monkey’s bar and an adjoining retail property, with plans for a high-end hospitality venue.

Mr Hemmes also controls a far south coast NSW holiday home, Glasshouse Rocks, at Narooma, which cost $7.5m in 2015.

The publican owns four venues there too including the Lynch’s Hotel – speculated to have cost $6m last March – and the Whale Inn, acquired in mid-2021 and repositioned as a paddock-to-plate bistro.

Subscribe to our newsletter at the bottom of this page.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.