A “tree” or “sea” change is the dream of many Australians but often it comes with a big price tag. Hard as it is to believe, you can still buy properties near the beach for “first home buyer” prices, as long as you are prepared to travel outside the major cities in Australia.
Realestate.com.au has compiled a list of three suburbs in each state where you can buy a house or unit by the beach at first home buyer prices.
The data generally includes areas on the fringes of Australian capital cities to find the real value.
For instance in Sydney the Central Coast was the only major region within the Greater Sydney area where prices are lower than they were last year.
The thresholds were:
– Greater Melbourne (under $600,000)
– Greater Sydney (under $650,000)
– Greater Brisbane (under $500,000)
– Greater Adelaide (no stamp duty concession/exemptions available – use a guide of $400,000 to align with FHB grant deposit scheme)
– Greater Perth (under $430,000)
According to Realestate.com. au the most affordable beachside house prices:
– QLD: Pimpama in the Gold Coast $480,000
– NSW: Canton Beach in the Central Coast $525,000
– Victoria: Clifton Springs in Geelong $485,000
– SA: O’Sullivan Beach in South Adelaide $310,000
– WA: Preston Beach in Bunbury $310,000
The most affordable beachside unit prices:
– QLD: Deception Bay in North Moreton Bay $249,000
– NSW: Bateau Bay in the Central Coast $441,000
– VIC: St Kilda in Inner Melbourne $545,000
– SA: Aldinga Beach in South Adelaide $235,000
– WA: South Bunbury in Bunbury $280,000
In comparison the median price of property on the northern beaches of Sydney went up 9.5 per cent over the past year, with a house typically costing about $1.8 million and a unit $900,000.