Final Stage of Award Winning Precinct

CBRE is pleased to offer 5 Penny Lane, Byron Bay — the final development stage of the award-winning Habitat precinct. A 6,895 square metre site with existing DA approval for a 106-bed hotel and a pending DA for 78 apartments with integrated home offices and ground-floor commercial tenancies.

Habitat is a masterplanned village of over 150 businesses and more than 150 residents, delivered over two decades across five integrated stages. The precinct offers commercial workspace, retail, hospitality, wellness, recreation, and residential living within a single walkable environment, powered by an embedded solar energy network. Stage 5 completes this precinct.

Byron Bay’s strict planning controls and limited developable land underpin strong and sustained residential demand. The region’s visitor economy continues to grow, with tourism expenditure reaching $1.17 billion in 2024. Incoming purchasers can proceed with the existing hotel approval, the proposed residential development, modify either scheme, or pursue a new concept.

5 Penny Lane, Byron Bay, is For Sale via Expressions of Interest closing at 12 noon, Thursday 11 June 2026.

(All areas, numbers, outlines are approximate only).