The dream of beachside dwelling on a funds stays a actuality in solely a handful of South East Queensland suburbs, with costs surging greater than 100 per cent in simply 12 months in some hotspots.
New analysis from PropTrack reveals Bellara and Deception Bay are actually the one Better Brisbane areas the place the median home value is beneath $700,000.
RELATED: The shock beachside area with an enormous housing growth on the horizon
For these with as much as $1m to spend, shopping for a home near the sand remains to be potential in Beachmere, Bongaree, Redcliffe, and Sandstone Level.
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This four-bedroom home at 46 Jabiru St, Bellara, is in the marketplace for $820,000.
A unit by the water can nonetheless be snagged for round $500,000 in Deception Bay, Thorneside and Woorim — however not for lengthy.
House costs in these suburbs have jumped by as much as 22 per cent up to now 12 months.
About half a dozen once-affordable beachside suburbs smashed by way of the million-dollar mark in 2024 as patrons started to understand their worth.
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The median home value in Wynnum rocketed 34.5 per cent to $1.3m, whereas Thorneside, Birkdale, and Lota, all climbed to $1.1m.
This three-bedroom home at 90 Osborne Tce, Deception Bay, is in the marketplace for provides over $719,000.
Exterior South East Queensland, the info reveals extra reasonably priced choices for a beachside way of life, however flooding is an everyday incidence in lots of the areas listed.
Least expensive Beachside Suburbs for Homes in South East Queensland | ||
Suburb | Median sale value | Median change % |
Bellara | $673,000 | 3.90% |
Deception Bay | $695,000 | 15.80% |
Beachmere | $725,000 | 11.50% |
Bongaree | $770,000 | 2.70% |
Sandstone Level | $771,000 | 7% |
Toorbul | $798,000 | 19.90% |
Redcliffe | $815,000 | 9.40% |
Woody Level | $845,000 | 5.60% |
Margate | $848,000 | 15.50% |
Redland Bay | $895,000 | 5.30% |
Supply: PropTrack |
The median home value in Barney Level, close to Gladstone, has climbed 31 per cent up to now 12 months to $360,000, whereas even Innisfail has seen sturdy development.
Proptrack financial analyst Megan Lieu stated Queensland’s beachside suburbs had been performing “notably effectively”, though the tempo of value development had slowed because the pandemic.
This four-bedroom home at 26 Columbia Dr, Beachmere, is in the marketplace for provides over $799,000.
“Life-style areas proceed to be standard within the Sunshine State extra so than in different states, nonetheless, value development and demand stay stronger in sure areas in comparison with others,” Ms Lieu stated.
Least expensive Beachside Suburbs for Items in South East Queensland | ||
Suburb | Median sale value | Median change % |
Deception Bay | $485,000 | 22.80% |
Thorneside | $550,000 | 14.60% |
Woorim | $570,000 | -2.90% |
Bellara | $590,000 | 18.00% |
Thornlands | $593,000 | -0.40% |
Sandstone Level | $595,000 | -5.70% |
Bongaree | $596,000 | 22.30% |
Victoria Level | $605,000 | 14.90% |
Ormiston | $646,000 | 11.90% |
Birkdale | $650,000 | 9.10% |
Supply: PropTrack |
“Whereas demand for coastal suburbs just isn’t on the heightened ranges seen through the pandemic,
there continues to be curiosity within the seaside way of life. That is evident within the above-average
development in costs and enhance in property saves in quite a few beachside suburbs.”
Demand for some Queensland beachside suburbs has additionally surged up to now 12 months, primarily based on the year-on-year change in property saves per property listed on realestate.com.au.
This three-bedroom home at 10 Tulip St, Wynnum, is in the marketplace for provides over $1.05m.
Toorbul, Beachmere, and Bongaree had the most important enhance in property saves for homes within the state’s southeast, whereas demand for models in Sandstone Level skyrocketed by greater than 100 per cent.
Hotspotting managing director Terry Ryder stated the Moreton Bay area had been experiencing sturdy gross sales exercise and had the potential for additional capital development — notably flats.
“One of many large tendencies we’re noticing is the rise in demand for flats, and I’m coming throughout increasingly more suburbs throughout the nation the place flats are beginning to outperform homes by way of capital development,” Mr Ryder stated.
It’s nonetheless potential to get a home for $1m or much less within the beachside suburb of Wynnum.
“I feel Margate’s location. The Redcliffe Peninsula has positively come a great distance within the final 10 years.”
Mr Ryder stated the median home costs in Beachmere, Toorbul, and Sandstone Level had been all nonetheless moderately reasonably priced and had sturdy, 10-year common capital development charges of between eight and 11 per cent.
Whereas Deception Bay had a poor status up to now, Mr Ryder stated it was bettering and the info confirmed models within the suburb had been promoting inside 13 days.
Thorneside is among the least expensive beachside suburbs in Better Brisbane, in accordance with PropTrack.
“When you’re in search of an reasonably priced possibility by the water close to Brisbane, flats may very well be possibility,” he stated.
“One of many issues many homes don’t have that apartmetns do have is a view, which is a lovely promoting level.”
Belle Property Redcliffe agent Jonathan Koleszar stated an rate of interest reduce may push costs up in beachside areas like Redcliffe.
This four-bedroom home at 102 Collingwood Rd, Birkdale, is in the marketplace for $995,000.
“Patrons clearly get extra borrowing energy, which permits homes to maneuver faster, after which clearly in return, costs go up,” he stated.
“The approach to life is the largest [reason] individuals would gravitate in the direction of right here. Lots of people are working from dwelling these days, they usually can afford to go extra for way of life than having to accommodate for his or her work.”
“Numerous older demographics of individuals now look to downsize. So, I suppose downsizers have been the largest cause for that development … you’ve acquired the seaside at your fingertips, and then you definately’re strolling distance from all of the eating places.”