Buying Again - 20 Feb, 2019

Waterside suburbs you might actually be able to afford

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Think waking up to the sights, sounds or smells of the ocean is beyond your financial reach? Think again – there are plenty of affordable waterfront suburbs to choose from around Australia.

There’s a reason waterfront property attracts a premium price tag – our warm Aussie climate and outdoorsy lifestyle make being close to water highly desirable.

While waterfront properties near major cities and entertainment precincts generally cost more than the average Aussie can afford, there are still plenty of cheaper seaside suburbs for those willing to travel a little further out.

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Secret Harbour, WA

Median house price: $440,000

A relatively young suburb established in the 1990s, Secret Harbour sits between Rockingham and Mandurah and spans seven square kilometres in size. For those commuting for work, there is no shortage of public transport to zip you in to Mandurah or Perth and its surrounds.

Blessed with beautiful landscaping, most homes are within walking distance to the beach. There’s also plenty to do in the immediate surrounds, from restaurants and bars to the Secret Harbour Shopping Centre Complex, Golf Course and the Community Centre. It’s ideal for families, with a primary school and nearby high school.

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Caloundra, QLD

Median house price: $545,000.

For fans of the Sunshine Coast, Caloundra just skates into affordable – while the median price has risen over the half-million mark in the past year, there’s a range of housing on offer – apartments can go in the $300,000s and the median has been driven up by the million-dollar properties on the market.

Caloundra has retained its surf village vibe, but the building population has seen plenty of cafes, pubs and restaurants, supermarkets, department and speciality stores pop up. There are plenty of schools for families, decent public transport networks for commuters and it’s well positioned to take advantage of the nearby Sunshine Coast and Brisbane.

Beaconsfield, TAS

Median house price: $205,000

A great choice for those who like a quieter life and don’t mind a little travel to get to work and the main city, Beaconsfield is 39 kilometres north of Launceston on the western side of the Tamar River.

The community is made up of working families, retirees, rural and primary industry workers and commuters. While the amenities are fairly basic, Launceston provides a full range just a quick 20-minute drive away. It also offers that rare and picturesque mix of waterfront and rural living.

Beresford, WA

Median house price: $265,000.

Only two kilometres out of the city centre of Geraldton, Beresford is also close to Bluff Point.

It’s home to the Geraldton Entertainment Centre and a private school, Geraldton Grammar School, and close enough to the city centre to enjoy all the benefits of the employment opportunities in Geraldton itself – and the many restaurants, cinemas, cafes, shopping, hospitals, schools and libraries. 

Port Elliot, SA

Median house price: $440,000

Offering a realistic commute to Adelaide, Port Elliot is increasingly popular with young families chasing the serenity of beach living within driving distance of capital city amenities.

Locals rate the schools, the peace and quiet and plentiful parks and recreation facilities, though caution it is quiet living compared with the hustle and bustle of a bigger town, and not suited to those in need of a constant hum of activity or endless shopping options.

Rosebud, VIC

Median house price: $612,000

At the pricier end of the scale, but with gems still to be found at the top $400,000-mark, Rosebud is a mix of charm, coastal living and plenty of shopping and entertainment options, not to mention great schools, making it popular with young families.

Boasting a range of new and old builds, the area is undergoing rapid redevelopment including roadworks that’ll allow you to commute to Melbourne in just over an hour, making this waterfront suburb one that’ll soon slip off the ‘affordable’ list.

If you’re looking for a super cheap beach property just for the weekends (these suburbs are quite isolated and low on services), check out this list of beach properties under $200k.

If you’ve decided you’d like a slice of oceanfront life but didn’t think you could afford it, eChoice can help you understand your borrowing power and secure home loan pre-approval so you can start scouring the property market. We have access to hundreds of products across a panel of multiple lenders, so we can help you find a competitive mortgage.

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Looking to buy in Ultimo, NSW 2007.

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Average property price
$1,000,000
Average loan amount
$800,000
Average annual salary
$60,000
Average credit card limit
$2,400
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This information is a guide only and is an estimate only based on the past 12 months of aggregated online mortgage enquiries from eChoice and partner programs.

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