Sotheby’s International Realty expands in Australia

Sotheby’s International Realty has expanded its presence in Australia with the opening of the Byron Bay office in New South Wales. The addition marks the Sotheby’s International Realty brand’s 11th affiliated office in Australia.

The office is owned by Michael Pallier, who is also managing director for Sydney Sotheby’s International Realty. The new location will be led by James McCowan and will operate as Byron Bay Sotheby’s International Realty.

“With its stunning natural attractions and eclectic community, Byron Bay has become one of the world’s most famous coastal towns,” said Philip White, president and CEO, Sotheby’s International Realty. “Due to its popularity, we are seeing increased interest from ex-pats and high-net-worth individuals from New Zealand, Australia, and the Asia Pacific region, and the prices of homes have risen by more than 20 percent, according to local records. The addition of the Byron Bay office enables the company to f