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  • Cheapest beach house suburbs close to the city

     


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

    Transcript:

    In some locations in Australia, beachside areas have seen significant growth over the past decade.  On the other hand, you may not use the beach home quite as often as you expect.

    Secondly you may only be able to lease the property on a short-term rental site at times that you yourself want to use the property.

    The third challenge is that it can be quite expensive to maintain a second home and if you are leasing the property on a short-term rental site, you may have significant management costs.

    When looking to buy a beachside home, really consider the reasons you are looking to purchase the property. If you're looking to buy purely as a holiday home, just stick within your budget.  If you're looking to lease the property on a short-term rental site, understand that you will get an income, but there are also significant expenses.

    Beach houses can be great from an investment perspective.  In beachside areas close to capital cities, we have seen significant price growth over the past decade.  For areas that are far more remote, that price growth has been far more elusive.

    Finally, if you are looking to buy a beachside bargain as a holiday home, also consider it may just be cheaper to pay for a holiday somewhere else every year.  

    There are lots of considerations that need to be made when buying a holiday home, but in the end owning a holiday home on the beach can create precious memories. 

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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.