Canny ex-pro surfer takes advantage of plunging property prices around Byron Bay!
Luke Stedman, whom I’ve known for two decades and who has so far avoided any sort of obvious age-related decay, is one of those rare surfers who, although never highly monied, flourished post tour.
He is the son of the man who created the billion-dollar ugg boot empire; is a part-time model; a surf coach; is a teacher of the western world’s next yoga-esque craze ginastica natural; carries a brown belt in Brazilian jiujitsu (one rung off black) and is a swordsman par excellence.
So good, in fact, even your ol pal DR was forced to bow to his bravura performance during a three-day long battle for a French television show host in Tahiti in the very early two thousands.
Two years ago Luke, who is forty-six, moved from California to just behind Lennox Head to form a family cocoon, a commune, around his Daddy Shane, creator of the ugg boot and the eponymous surfboard manufacturer SHANE, one of the most authentically Australian Australians alive.
Shane had just turned eighty and was a few months out of surgery to remove “balloons” in his chest. These growths squashed his lungs, reducing his ability to breathe by eighty-five percent.
They sold the family house of almost forty years at 61 Hillcrest Avenue at Mona Vale there for five mill and bought a hunk of land at Tintenbar, five miles north-west of Ballina.
“Buying some land, throwing a couple of shacks on it and moving dad up the coast so he can watch the grandkids and we can keep an eye on the old grommet,” Luke said at the time.
Now, Luke has spent $1.67 million Australian dollars on a four-bedder in Suffolk Park, that one-time bleak as hell offshoot of Byron Bay that has now become the hottest surf ghetto since 2009 Bondi Beach. Throw a Gucci sandal and you’ll hit some surf industry figure in the beak.
The joint, which has the strong bones of a double brick suburban house although little of the gimcrackery glamorous Luke might prefer, is a canny buy for the Daddy of two and husband of sexy hair stylist gal Darsan O’Connor after property prices tumbled twenty percent in the area over the course of the last six months.

It last sold in 2016 for 945k, a handy seven hundred in the pocket for the vendor although Luke also benefited from beachside Australia’s wild surge in property prices.
A year back he sold his Avalon place for $2.4 million after buying it for one-one mill in 2006.
How about a list of all the guys Luke’s ex Malia Jones has been with?
Kalani Robb, Conan Hayes, Luke and then the guy from Hawaii 5-0.
Yes, she scored with the Hawaii 5-0 guy!
Can’t believe Luke thought the grass was greener elsewhere.
And here I thought I was getting ripped off on housing prices in California, jesus
Are you sure the old man created Ugg? You’d think the Ugg empire would afford them a much nicer spread than that. Seems to be some question surrounding the OG, although I do like your use of lower case ugg to avoid the entire conversation.
Sold before it soared!
You’d think a letterbox would be included for that price.
Rich Grit
Ugg(h)…more 1st world “problems”.
You can still buy a house like that in margaret river for 700k , not quite as close to the surf (or the swamp ) but equally as ugly. No wonder all the east coasters are blowing west
Could buy a farm down here for the money spent on that shit box.
What a boring house. Perhaps ‘undercover’ is the MO for his purchase. For 1.7 mil, the only people laughing with any real gusto are the lizard REAs.
“after property prices tumbled twenty percent in the area over the course of the last six months. “
No way that dump was ever worth 2 million.
Ah – a break from the other shit!! I love real estate moguls
Had fun surf at boomerang today
No view, shit house, not very close to the beach. No way is he gonna make his money back on an interest only loan and renting it out. He’d have been better off getting a 3BR apartment in Noosaville.
Yes investment wise a much better choice but you must factor in, your surrounded by fucken Queenslanders and unless your heavy into retro why go and live twenty years in the past?
It’s pedestrian at best , described house.
Average cost for the area , neither a bargain or a rip off.
Personally, I’d have never left Avalon, doubt he could ever afford to buy back in?
Hate to be the Plumber in the room, but a Plastic toilet cistern in a retirees shit box for $1.67mill is crazy.
Rather stick a pen down me jap eye than live there
It’s nice enough if you can’t afford any where better.
It’s just the homeless and drunks and meth heads that turn me off
Lismore by the sea
It’d be nice to have money but…..do a spiel on which washed up pro’s are ripping cones and shaping in mates sheds for a hunnit bucks a week.
Having recently moved to the mid north coast, I can tell you a few
Good move, Newy is fast becoming the new Oxford Street.
yes it is – but you can drive 1 1/2 hrs north and arrive in mosman
Shoulda seen the house in mosman i worked in today.
Itd give any Bel Air mansion a run for its money.
they were probs holidaying in boomers
The old girl made me a nice cuppa
https://uploads.disquscdn.c…
They allow pommies in there?
Whites only
2020 most drug busts in Australia; Merewether 176. Next closest Mount Druit 79. Having said that, Merewether has always been trough.
Yeah they dont bust the oxford st kids, protected species
Get on it!