Property Credit has released its latest report Affordable Coastal Havens: The Top 50 Suburbs for Beachside Downsizing Under $1M for those aiming to downsize while enjoying the allure of coastal living in Australia.
It pinpoints the ideal suburbs that combine affordability with a desirable seaside lifestyle, serving as an essential guide for prospective downsizers across the nation.
So where are the cheapest suburbs to downsize to?
South Australia shines with options such as Christies Beach and Port Noarlunga South, where houses are priced between $585,773 and $636,650 respectively, and market conditions favour buyers and sellers.
In Victoria, seaside living under $1M is predominant in suburbs like Seaford and Frankston, with robust seller's market conditions and excellent housing availability.
Western Australia presents a range of options from Meadow Springs to Dunsborough, mostly characterised by seller's markets and prices well below the million-dollar mark.
NSW offers locations like Berkeley Vale and Smiths Lake where properties are close to the $1M cap but still within reach, and mostly buyer-friendly markets.
Yamba is considered an "excellent" option at $895,000 for a house while a house at Tuross Head is a "good" option at $809,000.
Queensland features appealing spots like Craignish and Coral Cove with properties priced around $695,000, in markets currently favouring buyers.
Its cheapest is $529,000 at Tannum Sands, whereas at Clifton Beach in Cairns options are "good" with the price around $970,000 or even Trinity Beach in cairns - "excellent options" in a "sellers market" with homes around $707,000.
Regional highlights
Adelaide South is notable for a variety of market conditions from balanced to seller's markets, yet maintaining a consistent appeal for those looking for reasonable pricing.
Mornington Peninsula and Geelong in Victoria showcase a strong presence of buyer's markets, suggesting an easier entry point for downsizers.
Mandurah in Western Australia and Wide Bay in Queensland are identified as regions with multiple attractive suburbs for downsizers looking for beachside properties in a favourable market scenario.
The report
Property Credit chief executive Giordano Stepancic said: "This report is tailored for Australians who are eager to enhance their quality of life by relocating to coastal areas where they can enjoy both the tranquillity of the beach and a vibrant community atmosphere without compromising on cost. Our thorough selection process ensures that every suburb listed offers significant value and meets a range of preferences."
"Navigating today's property market requires more than just financial investment; it's about making informed choices at the right time. Our report simplifies this decision-making process by providing clear, actionable insights based on solid data analysis, aiding our readers in aligning their housing choices with their financial and lifestyle goals."
Therese Murray
Wordsmith. Senior journalist. Editor. I have a proven track record in helping people and communities solve their problems. My career is all about telling stories.
Wordsmith. Senior journalist. Editor. I have a proven track record in helping people and communities solve their problems. My career is all about telling stories.
