PropTrack reveals least expensive and priciest seashore suburbs

Residing the dream of a beachside life-style inside metropolis limits is extra achievable than many may suppose, in response to Karen Dellow (pictured above), a senior information analyst at PropTrack.

Regardless of Australia’s fame for its gorgeous coastlines, the excessive price of residing close to the seashore, particularly in Sydney, has made such a life-style appear out of attain for a lot of.

Nevertheless, Dellow saidthat reasonably priced beachside residing remains to be doable in areas like Bundeena within the Sutherland Shire, with a median home worth of $1.5 million, and Budgewoi on the Central Coast, the place the median home value is simply over $700,000.

For these in search of much more budget-friendly choices, cities outdoors of Sydney and Melbourne provide beachside properties within the $500,000-$600,000 vary.

Most cost-effective beachside suburbs

In Darwin, the suburb of Tiwi provides seashore entry and facilities with a considerably decrease price in comparison with different Darwin seashore suburbs like Nightcliff and Stuart Park.

Perth additionally presents reasonably priced seashore residing, with suburbs akin to Golden Bay and Security Bay boasting median home values of $533,733 and $579,186, respectively.

Sydney and Melbourne lack illustration among the many most reasonably priced beachside suburbs for homes, with costs exceeding 1,000,000 {dollars} even for the least costly choices.

Nevertheless, Werribee South in Melbourne’s west stands out on the checklist for reasonably priced beachside residing by way of models. Providing a median unit worth of $478,472, Werribee South presents essentially the most budget-friendly alternative for seashore fans looking for proximity to Melbourne’s famend eating and leisure scene.

Darwin suburbs once more lead the affordability checklist, with Nightcliff and Fast Creek rating first and second for least expensive beachside models. Whereas a home in Nightcliff might price as much as one and a half occasions greater than a unit, residents can get pleasure from the identical seashore entry no matter their property sort.

Priciest beachside suburbs

On the opposite finish of the spectrum, Sydney’s Jap Suburbs and Northern Seashores maintain the crown for essentially the most luxurious and costly beachside properties.

Vaucluse, with a median home worth of over $9 million, epitomizes this upscale coastal residing, providing private and non-private seashores for its prosperous residents.

For these unable to afford a home in these premium areas, beachside models provide another, with Double Bay main as the most costly suburb for beachside models, sporting a median worth of $1,938,309.

“Homes in Double Bay do not come up on the market fairly often and are often held for round 12 years between gross sales, so shopping for a unit on this suburb can get you into a really unique neighbourhood,” Dellow mentioned.

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