Justin Hemmes doubles down at Belongil Beach

Justin Hemmes has bought two Belongil Beach homes since February.

Justin Hemmes has doubled down in Belongil Beach’s Childe Street – snapping up a second home in four months, this time for c$22 million.

Justin Hemmes purchased 20 Childe Road from the Hains family.

The unrenovated dwelling on a 2000 square metre waterfront pile was sold by Byron Bay Property Sales’ Jeremy Bennett.

The Cheeky Monkey bar and backpackers traded for c$13.5 million in 2021.

The dwelling is near a renovated, modest two bedroom traditional beach shack, on 1922 sqm, which the hospitality entrepreneur acquired from the family of late businessman David Hains earlier this year, for c$17m.

The properties aren’t connected.

Mr Hemmes, 50, spent part of his childhood holidaying in Byron Bay.

In 2021, the entrepreneur’s Merivale outlaid c$13.5m for the ex-Cheeky Monkey bar and backpackers and a neighbouring shop, occupied as a Thai massage store, for a hospitality venture.

Bigger deals coming

Little is known about the Belongil Beach dwelling, which sold off-market.

At $22m, the price falls just short of the Byron Bay record – $23m – struck last year when Afterpay co-founder Anthony Eisen and his wife, Samantha, acquired a Marine Parade home overlooking Wategos Beach, from graziers Cameron and Ilone Small who developed it 25 years ago.

A Byron Bay Hinterland record was set last April when Tom Lane, heir to the Oroton business, and his wife, Emma, sold a 48 hectare Coopers Shoot estate, The Farm in Byron Bay, for $37m (story continues below).

Not long earlier, Clare Mulham, daughter of Nutrimetics founder Imelda Roche, banked $26m for a 16ha Suffolk Park pile.

That seller was the daughter of late stockbroker Michael Toltz, Fiona Toltz-Gower, and Joren Gower.

Olivia Newton-John also formed part of a consortium which sold the Gaia retreat, in Brooklet, to Andrew Forrest in October, 2021.

That deal was worth c$30m.

The Hemmes purchase comes three weeks since Kim Jones Property listed the Bluewater resort, with six cottages covering 2000 sqm at 1-3 Don St, overlooking Belongil Beach, with $45m-plus price hopes.

As well as operators and investors, suitors which might convert this waterfront property into a landmark dwelling are expected to look in.

Last year, meanwhile, CBRE offered the ex-Elements of Byron golf course.

On 39.5ha, with 1.1 kilometres of Belongil Beach frontage, it carries a $160-$180m guide.

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.