Wolfmother’s Andrew Stockdale raises a $ 2.7 million investment in Bangalow

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Rock musician Andrew Stockdale has spent $ 2.7 million on an investment property in Bangalow, a small town in Byron Shire, about 9 miles from the famous Byron Bay hot spot.

Wolfmother’s 44-year-old frontman bought a retail property in the city with approval for an additional restaurant and living spaces, reports Really commercial.

The purchase includes six private and commercial leases and isn’t Andrew’s only investment in the area.

Sold! Rock musician Andrew Stockdale has spent $ 2.7 million on an investment property in Bangalow, a small town in Byron Shire about 9 miles from the Byron Bay hotspot.

He also owns a $ 1.6 million cottage in Byron, which he renovated and listed as a rental home in 2019.

Wolfmother is known for hits like Woman and Joker and the Thief.

Byron Bay has become a celebrity hotspot in recent years thanks to famous residents like Chris Hemsworth and Elsa Pataky, cricketer Adam Gilchrist, singer and actress Natalie Bassingthwaighte, and model Elyse Knowles.

Splashing the Money: 44-year-old Wolfmother frontman bought a retail property in town with approval for additional restaurant and living spaces, Real Commercial reports

Splashing the Money: 44-year-old Wolfmother frontman bought a retail property in town with approval for additional restaurant and living spaces, Real Commercial reports

Shopping Area: The purchase includes six retail and commercial leases and is not Andrew's only investment in the area

Shopping Area: The purchase includes six retail and commercial leases and is not Andrew’s only investment in the area

He's a fan of Byron: Andrew also has a $ 1.6 million cottage in Byron, which he renovated in 2019 and listed as a rental property

He’s a fan of Byron: Andrew also has a $ 1.6 million cottage in Byron, which he renovated in 2019 and listed as a rental property

Meanwhile, Hollywood heartbreaking Zac Efron lived there during the Covid-19 pandemic.

Chris and Elsa likely started the ‘Hollywood 2.0’ craze when they bought a $ 30 million mega home in Broken Head.

Set on 4.2 acres, the house features six bedrooms, a games room, gym, steam room, media room, bowling alley, and a 50-foot rooftop infinity pool.

Famous Faces: Byron Bay has become a celebrity hotspot in recent years thanks to famous residents like Chris Hemsworth (right) and Elsa Pataky (left), cricketer Adam Gilchrist, singer and actress Natalie Bassingthwaighte, and model Elyse Knowles

Famous Faces: Byron Bay has become a celebrity hotspot in recent years thanks to famous residents like Chris Hemsworth (right) and Elsa Pataky (left), cricketer Adam Gilchrist, singer and actress Natalie Bassingthwaighte, and model Elyse Knowles

Heartthrob: Hollywood heartbreaking Zac Efron lived there during the Covid-19 pandemic

Heartthrob: Hollywood heartthrob Zac Efron lived there during the Covid-19 pandemic

Chris’ younger brother Liam soon made the jump too, while American actor Matt Damon, who is currently in Australia to film the next Thor episode, reportedly owns a vacation home in Byron Bay.

Nicole Kidman has lived in Byron Bay occasionally with husband Keith Urban and their two daughters since filming for her new show Nine Perfect Strangers began earlier this year.

Her co-star Melissa McCarthy also stayed in the area with her family during the filming of Nine Perfect Strangers Down Under.

Local: Chris' younger brother Liam soon made the jump too, while American actor Matt Damon, who is currently in Australia to film the next Thor episode, reportedly owns a vacation home in Byron Bay.

Local: Chris’ younger brother Liam soon made the jump too, while American actor Matt Damon, who is currently in Australia to film the next Thor episode, reportedly owns a vacation home in Byron Bay.

A-listers: Nicole Kidman has occasionally lived in Byron Bay with husband Keith Urban and their two daughters since filming for her new show Nine Perfect Strangers began earlier this year.  Her co-star Melissa McCarthy also stayed in the area with her family during the filming of Nine Perfect Strangers Down Under.

A-listers: Nicole Kidman has occasionally lived in Byron Bay with husband Keith Urban and their two daughters since filming for her new show Nine Perfect Strangers began earlier this year. Her co-star Melissa McCarthy also stayed in the area with her family during the filming of Nine Perfect Strangers Down Under.

Isabel Lucas first bought a house in Byron Bay in 2016, but the Australian actress has occasionally lived in the region for most of a decade.

Hollywood actress Natalie Portman was spotted several times while vacationing in Byron Bay, prior to the filming of Thor: Love and Thunder.

In January, a real estate agent in Byron Bay who had sold homes to the Hemsworths and other celebrities insisted that Hollywood stars weren’t the ones driving up real estate prices in the trendy coastal town.

So Expensive: In January, a Byron Bay real estate agent who had sold homes to the Hemsworths and other celebrities insisted that Hollywood stars weren't the ones driving up real estate prices in the trendy coastal town

So Expensive: In January, a Byron Bay real estate agent who had sold homes to the Hemsworths and other celebrities insisted that Hollywood stars weren’t the ones driving up real estate prices in the trendy coastal town

While frustrated residents 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 said it wasn’t the A-listers who spend the most money .

Mr. Yopp told Realestate.com.au the skyrocketing housing and rental prices in Byron Bay were actually the result of the “secretly rich” coming in with the money.

‘To be fair, 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 revealed that sales prices were constantly rising, with new records when a luxury property changes hands.

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

According to DomainThe median home price in Byron Bay is now over $ 1.44 million, which is 22.8 percent more than last year.

Meanwhile, rent has “gone up by a third in six months,” Realestate.com.au reports.

Market Value: Mr Yopp told Realestate.com.au that the rising house and rental prices in Byron Bay were actually the result of the 'sneakily rich' splashing the cash

Market Value: Mr Yopp told Realestate.com.au that the rising house and rental prices in Byron Bay were actually the result of the ‘sneakily rich’ splashing the cash

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