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  • Cheapest beach house suburbs close to the city

    Cheapest beach house suburbs close to the city

    Dreaming of owning a slice of paradise next to the water within driving distance of the city?

    The latest data reveals the closest and cheapest beachside suburbs where you could nab a holiday home just in time for summer.

    Should you buy a beach house? 

    Of course, your first hurdle is to assess the feasibility of a second home and if you plan to use this home as an investment, or for leisure.

    “When you’ve built enough equity from your primary home, you might start looking at buying a second home,” says chief economist at, Nerida Conisbee.  Check with your local RAMS home loan expert to see if you have equity in your property that can be used.

    For investors, it’s important to consider whether the home is for capital growth or rental return.

    For capital growth, location is an important consideration as is being within driving distance of the CBD. Several beachside suburbs once populated by holidaymakers have become permanent bases for residents commuting to and from the city.

    “You will be looking at beachside areas within around three hours’ drive of a capital city – homes within this distance tend to do better as people can easily travel to on weekends,” says Conisbee.

    Mornington and Torquay for example, have seen great price growth because of that, and in Sydney, Wollongong is another example.”

    Cheapest beachside suburbs Flickr_Mornington Peninsula

    Picture: Flickr

    On the other hand, if you’re looking for a rental return from your beachside home, it’s likely you won’t see much capital growth – as these locations are more often than not, remote.

    You also need to consider that peak rental times for your home will likely be when you might like to be there yourself.

    “It can work, but you need to look at it as an investment, rather than somewhere just to have fun,” says Conisbee.

    “I’ve also known of people buying a holiday home, and renting a small place in their capital city during the week, which is another way of doing it.”

    If you’re entering the second home market, you’d be paying top dollar for a holiday home in the likes of Portsea, Palm Beach or Byron Bay where the median house prices are $2.45m, $3.45m and $1.31m respectively.

    However, there are still several suburbs across the country where you can find a beach house within a three-hour drive of your capital city for under $500,000.

    Bolton Point, NSW

    Bolton Point in NSW is 147km north of Sydney and only 25km from Newcastle.

    The waterside suburb boasts stunning walks overlooking the docked boats and is largely populated by established couples and families.

    The median house price is $395,000.

    Cape Woolamai, VIC

    You could own a property in the same area where the Hemsworths grew up – could there be something in the water here? Cape Woolamai is at the south eastern tip of Phillip Island and approximately a two-hour drive from Melbourne.

    The suburb boasts stunning coastal hikes and picturesque beaches to take a dip in when temperatures soar.

    The median house price is $472,500.

    Cooloola Cove, QLD

    In Queensland, Cooloola Cove is the cheapest beachside suburb approximately a three-hour drive away from Brisbane.

    This stunning location is on the south-west shoreline of the Tin Can Bay inlet and is popular among retirees who like to commute between the city and paradise.

    The median house price here is $293,250.

    Clinton is just 125kms from Adelaide and the median house price is $150,000.

    The waters are generally calm around the coast here and there are currently 16 properties for sale in the suburb.

    Taranna, TAS

    Located in south-eastern Tasmania and 86km from Hobart, Taranna is a dreamy spot to escape to on the weekends.

    The median house price here is $240,000 and there’s solid demand in the suburb with 823 visits per listing each month.

    Usher, WA

    Usher isn’t just the name of the iconic R’n’B singer, but it’s also a suburb in Western Australia where you can buy a beachside home close to Perth for a median of $231,000.

    Located just under two-hours drive from Perth, there are up to 28 properties currently for sale on in the neighbourhood.

    Bateman’s Bay, NSW/ACT

    For those living in Canberra, being landlocked doesn’t mean you can’t own a beachside home.

    Cheapest beachside suburbs Flickr_Batemans Bay

    Picture: Flickr

    Bateman’s Bay is the closest bargain beachside suburb where the median house price is $405,000.

    Use our latest interactive to see where you can find a beachside bargain near you…

    Coastal suburbs with a median house or unit price, as at the end of October 2019. Beach side suburbs in metro areas have been excluded as these suburbs would not generally be the location of a summer home, but would be the usual place of residence. Featured suburbs are no further than 3 hours from the nearest major city.

    Originally published on as ‘Cheapest beach house suburbs close to the city’.

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    About the author

    • Raymond

      Raymond A Ram is the RAMbassador for RAMS Financial Group. Raymond works with the RAMS team to bring simple, helpful and expert information on home loans and savings accounts to life with his down to earth and cheeky personality. He enjoys seeing everyday Australians turn their dreams of saving for a goal or getting into a home a reality. 

      Growing up in Goulburn, NSW, Raymond was brought up with good old-fashioned Aussie values of hard work and a fair go. It soon became apparent that Raymond wasn't content for the conventional path of grazing, producing the very best wool, and finding a nice sheep to settle down with. So it wasn't long before his passion for performing and his talent as a likeable larrikin shone through - landing him a few roles such as 'RAMlet'. He was even tipped to play RAM-bo at one point but chose to become star of the small screen instead as RAMbassador for RAMS. He now finds this role so much more rewarding.

      Contact your local RAMS Home Loan Centre about your home loan options.

      Raymond A Ram

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  • Disclaimer:

    This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.