Living in a beach home or buying one as a holiday or rental property is a dream for many Australians. While property prices in Gold Coast suburbs such as Mermaid Beach have soared, there are still many great coastal suburban areas to purchase an affordable beach home.
Victoria is one of the best Australian states to find an affordable beachside property. Eight of Australia’s top ten suburbs for bargain coastal homes are located in Victoria. At the top of the list is Golden Beach. The median prices in Gold Beach were at $123,500 in 2015. Golden Beach is a sleepy coastal town that provides an amazing beach getaway for those who wish to avoid the big city buzz. According to local real estate agents, the suburb attracts property investors who rent out their properties for short stays. Golden Beach is home to the Ninety Mile Beach and is located 3 hours from the Melbourne CBD.
In New South Wales, the lowest beach property prices were reported from Stuarts Point, lake Tabourie and Sanctuary Point at $270,000, $297,000 and at $303,000 respectively. Coochiemuldo Island reported the lowest coastal suburb property prices at $330,000 in Queensland. Yeppon and Rainbow Beach reported median prices of $378,000 and $380,000 for coastal properties. In Western Australia, the lowest coastal property prices were reported at Bayonet Head at $389,000, Broome at $405,000 and at Geographe at $439,500. Those who are on the lookout for beach properties in South Australia will find great bargains in Marion Bay at a median price of $152,500, Cape Jervis at $196,000 and at Wallaroo at $235,000.
These are popular destinations among holiday makers and as with Golden Beach, most property investors choose coastal properties to rent out to travellers. If you have been dreaming of moving to a quiet coastal region to enjoy a relaxed lifestyle or to purchase a lucrative beachside property to use for additional rental income, contact Capital Wealth Property today. We provide great advice and sound real estate assistance on buying residential and investment properties in Gold Coast suburbs, Sydney suburbs and other suburban areas in Australia.