You can now expect affordable living on beaches as well. Recently, the top 10 beaches have been spotted in coastal regional areas where you can afford housing easily with reasonable median house prices starting from $500,000. Following is the list of those beaches:
Bay of Fires
This is located in north-east Tasmania, which has been awarded the title of “best beach in Australia.” If you plan to buy a home on this beach, you can afford one in nearby towns at $500,000. However, buying luxe waterfront homes may cost you above $2 million. This is because the cost of housing increases as you move closer to the Bay of Fires.
Woolgoolga
At Woolgoolga, Northern New South Wales coast, you can expect median house prices at $825,000, which can be a good choice for you to earn capital gains over time. For first-time buyers as well, it is a good location because the entry-level cost here begins at $650,000.
Emily Bay Lagoon
Located on Norfolk Island, this beach offers median home prices under $1,000,000. Recently, a three-bedroom house was sold for $880,000, and a 1.6-hectare piece of land was sold for $265,000. If you purchase a home here, you can expect long-term outcomes with the least amount of investment.
North Kirra Beach
On this beach, you may find a bit high prices, but it is a good investment suburb offering homes at median prices of $1,405,000 in the Coolangatta region. Conversely, in neighbouring Coolangatta, you can purchase one unit at $1.2 million, in Bilinga at $1,580,500 and in nearby Tugun at $1,377,500.
Little Lagoon
Here on Little Lagoon, you can afford a home at a median price of $427,500, which symbolises it as a good choice for investors and first-home buyers. Recently, a two-bedroom unit went for sale at $265,000 and a six-bedroom beachfront home at $1,785,000.
Fishery Bay
Located in South Australia, Fishery Bay offers median house prices of $350,000 in the Eyre Peninsula and South West Region. But, in nearby Port Lincoln, you need to pay $480,900 to buy a home, which is comparatively higher than in the Eyre Peninsula and South West Region.
Seventeen Seventy
If you want to live with your family and enjoy paddleboarding, snorkelling, and secluded beaches, then you can buy a home near Seventeen Seventy. Here, you can purchase a home for $525,000 for a unit, while buying a 610-square-metre block may need to pay $1.1 million.
Scarborough Beach
Scarborough Beach, located in Western Australia, is very popular among Perth locals and tourists. Buying a home here will provide you the benefit of long-term capital gains, and you can buy it at a median price of $950,000. However, if you buy a home in neighbouring Double View, then the price is slightly high at $1,067,500.
Caves Beach
At Caves Beach, the median home prices are a bit high at $1,320,000, while if you go a little further inland, you can buy a home for $1 million or less than that. Also, in neighbouring Swansea, you can expect more affordable options with a house price of 960,500.
Cowes Beach
This is the last beach on the list where you can afford a home at a median home price of $750,000. If you are planning to buy a holiday home, then this is an attractive place with better returns.
For more information to plan your investments and affordable living, you can visit our website at Nfinity Financials or contact us at 1300 GET LOAN (1300 438 562) or 0456 456 267.
