Where are Australia’s affordable seaside properties?
Living by the sea is a dream for many Australians. The fresh ocean breeze, stunning views, and relaxed coastal lifestyle are undeniably appealing. But for many, the question is: can I afford it? The good news is that affordable seaside properties do exist in Australia – you just need to know where to look.
The key is often distance from major tourist hubs and capital cities, as well as finding hidden gem locations that haven’t yet felt the full impact of urban migration or “sea change” trends.
In this blog, we’ll explore what qualifies as an affordable seaside property, highlight some of Australia’s most budget-friendly coastal spots, and offer tips for securing your slice of paradise.
What is an affordable seaside property?
The definition of an ‘affordable seaside property’ can vary depending on individual circumstances, but generally, it refers to homes in coastal areas that are:
- Below the median house price for that state or capital city.
- Accessible for first-home buyers or those with a modest budget (typically under $500,000–$700,000, depending on location).
- Located in regional or less tourist-heavy towns, rather than in premium coastal hotspots like Byron Bay or Bondi.
While affordability is relative, these properties provide an opportunity to enjoy the benefits of coastal living without the price tag of Australia’s high-end beachfront suburbs.
Affordable seaside locations in Australia.
1. Queensland: Bundaberg and Hervey Bay
- Median house price: Around $400,000 (Bundaberg); $530,000 (Hervey Bay).
- Why it’s affordable: These coastal towns offer a relaxed lifestyle with stunning beaches and a slower pace of life compared to Brisbane or the Gold Coast.
- Highlights: Hervey Bay is a gateway to Fraser Island and a hotspot for whale watching, while Bundaberg is known for its iconic rum distillery and Great Barrier Reef access.
2. New South Wales: Shoalhaven and Forster
- Median house price: Around $620,000 (Shoalhaven); $600,000 (Forster).
- Why it’s affordable: These towns are more budget-friendly compared to Sydney’s coastal suburbs, but still within driving distance of the city.
- Highlights: Shoalhaven boasts white-sand beaches and national parks, while Forster offers a peaceful lifestyle with excellent fishing and water sports opportunities.
3. Victoria: Portland and Lakes Entrance
- Median house price: Around $400,000 (Portland); $450,000 (Lakes Entrance).
- Why it’s affordable: Coastal properties in Victoria’s regional areas are much cheaper than hotspots like Mornington Peninsula or Geelong.
- Highlights: Portland is home to historic architecture and rugged coastlines, while Lakes Entrance is known for its picturesque waterways and boating culture.
4. South Australia: Victor Harbor and Port Lincoln
- Median house price: Around $500,000 (Victor Harbor); $440,000 (Port Lincoln).
- Why it’s affordable: South Australia offers some of the most affordable seaside properties in the country, with prices far below those of eastern states.
- Highlights: Victor Harbor is a family-friendly town with pristine beaches, while Port Lincoln is a seafood-lover’s paradise and a great base for exploring the Eyre Peninsula.
5. Western Australia: Albany and Geraldton
- Median house price: Around $520,000 (Albany); $400,000 (Geraldton).
- Why it’s affordable: Regional WA coastal towns offer excellent value compared to Perth’s beachside suburbs.
- Highlights: Albany has beautiful beaches and a rich history, while Geraldton offers world-class windsurfing and an emerging arts scene.
6. Tasmania: St Helens and Wynyard
- Median house price: Around $450,000 (St Helens); $400,000 (Wynyard).
- Why it’s affordable: Tasmania’s seaside towns are still relatively affordable compared to the mainland, offering a laid-back lifestyle with pristine natural surroundings.
- Highlights: St Helens is known for its seafood and proximity to the Bay of Fires, while Wynyard offers coastal charm and stunning views of Table Cape.
Tips for securing an affordable seaside property.
- Set a budget: Determine your borrowing capacity and factor in additional costs like stamp duty, council rates, and maintenance (especially for coastal properties exposed to salt and wind).
- Do your research: Use property platforms like CoreLogic, Domain, or RealEstate.com.au to analyse market trends in the areas you’re considering.
- Visit the area: Spend time in your chosen town to understand its vibe, amenities, and potential for capital growth.
- Consider the long-term: Look for areas with strong rental demand (if buying as an investment) or good infrastructure and lifestyle appeal (if buying to live in).
- Work with a Nectar mortgage broker: Our brokers can help you secure the right loan, access grants (e.g., First Home Owner Grant), and manage affordability.
Conclusion
Affordable seaside properties are within reach in Australia if you know where to look. By exploring regional coastal towns like Hervey Bay, Victor Harbor, or Lakes Entrance, you can enjoy the perks of beachside living without the hefty price tag of high-demand hotspots.
Whether you’re looking for an investment, a holiday home, or a permanent sea change, engaging a Nectar broker can simplify the process and with access to over 50 lenders, we can help you find the best loan for your goals.
Thinking about buying a seaside property? Contact us today, and let’s help you take the first step toward your dream coastal home!Bottom of Form
Sources:
CoreLogic – www.corelogic.com.au
Domain – www.domain.com.au
