Hayden and Nicole Groves have bought their first home at Scarborough. Pic Mark Cranitch.
LOOKING for a beach house bargain? New data shows the seaside locations that offer the best bang for buck.
And, in many cases, the buyers have all of the bargaining chips.
Top of the list is Barney Point, a beachside suburb of Gladstone. Here, 12 houses sold over the past 12 months with a median house sales price of just $142,000 – that’s 22 per cent of the median house sales price of $630,000 on the Gold Coast and that does not even remotely get you water views.
Ray White agent Derran Corke is marketing 48 Sutton Street – a “quaint cottage” just one street back from The Esplanade in Barney Point. It goes under the hammer on December 11.
Mr Corke said prices dropped after work in the resources industry dried up, but there was renewed confidence in the area. He said rents were increasing and investors were returning, with people moving back to Gladstone.
“This one (Barney Point) has city views but is two streets back from the beach so would make a good investment, and it is affordable,” he said.
Rounding out the top five cheapest beachside suburbs across Queensland is Russell Island ($200,000), Forrest Beach ($205,000), Balgal Beach ($208,000) and Cow Bay ($222,500), according to CoreLogic.
In terms of bargaining power, buyers should take a look at South Mission Beach, where the median time on market for a house is 356 days, according to property data.
A “potter’s chic shack” on a 1012sq m block is on the market for $695,000. It has been on the market for 111 days and has just one bedroom but the views are spectacular, with the listing noting that the “last sale was $1.6 million (just) two doors away”.
You might want to consider a career change and become a potter …
Houses in Taylors Beach, near Ingham, also have a median time on market of 356 days.
In the southeast, RiskWise Property Research crunched the numbers, with three suburbs on the Redcliffe Peninsula dominating the top 10 – Woody Point, Margate and Scarborough.
One Agency Redcliffe North Lakes agent Jo Szulc recently sold 16 Frank St in Scarborough for $440,000 – a property pitched as a “tradies and first homeowners delight”.
Within walking distance of the beach, it was sold to Hayden and Nicole Groves, who are moving from Mango Hill.
“I’m originally from Redcliffe and have always liked Scarborough. It is quiet, we can go paddleboarding,” Mr Groves, an electrician, said.
“Where we are now, it is busy. Here we are 800m if that from the water.”
Ms Szulc said she was seeing a lot of interest in the Redcliffe market, with buyers, local and interstate, looking for that “Aussie lifestyle”.
Deception Bay, which is also in the Moreton Bay council region, had the lowest median house sales price (southeast region) on the list at $358,218. Houses closer to the water were generally $200,000 more, but still below the median house sales price for Greater Brisbane ($530,000).
Coolum Beach was the only Sunshine Coast location to make the list, with a median house sales price of $647,893.
A three bedroom, A-frame house at 128 Yandina Coolum Road – a 10 minute walk from the beach – is listed for $599,000.
It is quirky and looks like it belongs in the alps but this house is a short stroll from one of the Sunny Coast’s most popular family beaches
In Brisbane’s east, Thorneside, Birkdale, Wellington Point, Wynnum and Lota also make the top 10.
Ray White Wilston agent Sam Hagen has a two bedroom Queenslander on his books in Wynnum for offers over $650,000.
The house, which is five back from the Wynnum Esplanade, sits on a 405sqm block and is “just a moments stroll” to Pandanus Beach and the Wynnum Jetty.
“It is in a great location but it is one of the oldest houses in the area, built around 1910, and needs some TLC,” Mr Hagen said.
“Having said that, a house just four doors down sold for about $1.5 million so it represents good value.”
It needs some love but is a short stroll from the Wynnum waterfront
The majority of interest in the house has come from first home buyers and builders, Mr Hagen said.
And it is little surprise when you consider that the median house sales price in Wynnum has grown 26 per cent in five years, according to CoreLogic property data.
Riskwise CEO Doron Peleg said lifestyle, weather and affordable housing made Queensland a great place to invest.
RiskWise CEO Doron Peleg. Picture Mike Batterham
“… with a huge number of options, from the Gold Coast through to the Sunshine Coast and up to Cairns, for all price brackets,” he said.
“(For example), Maroochydore, Mudjimba, Coolum Beach – these suburbs of the Sunshine Coast offer great lifestyle, good access to Brisbane, and relatively affordable prices.
“This is particularly the case for Coolum Beach, which is much more affordable than the nearby lucrative Noosa.”
TOP 10 BEACHSIDE SUBURBS — SEQ
Suburb/Median house price (whole of suburb)
1. Deception Bay – $358,218
2. Margate – $460,826
3. Woody Point – $481,742
4. Birkdale – $540,512
5. Scarborough – $551,898
6. Thorneside – $557,117
7. Wellington Point – $604,435
8. Lota – $644,776
9. Coolum Beach – $647,893
10. Wynnum – $648,692
(Source: RiskWise Property Research)