Coastal towns where you can buy a house for less than $600,000

Posted on

“We still do have a lot of demand,” she said, adding that interest in more expensive properties above $1 million has slowed as interest rates rise.

“$550,000 to $800,000 is still a good market.”

For a $600,000 budget, buyers may be looking for an older home or one that needs some renovations, or a two-bedroom, she said.

Interest is still strong from local buyers, as well as former residents of the Northern Rivers looking for less expensive options, and even interstate buyers from Victoria, she added.

There were more homes on the market than previously, which meant prices had levelled out a little and created opportunities for buyers who could not purchase before, including locals, she said.


Rental accommodation has been a different story. There are not enough homes available for potential tenants who are looking, she added.

South-east Queensland’s property market has also boomed, but step a couple of suburbs back from the glitter strip and prices are far more affordable.

The median house price in Surfers Paradise is north of $2.3 million, but six kilometres north, Labrador’s median house price is a fraction of that at $579,000.

See also  Home buyers’ budgets slashed by hundreds of thousands, pushing property prices down

Ray White Surfers Paradise’s Clare Brettell said buyers could expect a three-bedroom duplex on a budget of $600,000 in the suburb.

Sea-changers have been moving north since the pandemic hit and created more choice about working remotely, but the market is still active with a lot of inquiries, even now, she said.

“It’s quite a good little suburb, particularly for families,” she said, highlighting the parks, shopping centre and local schools.

Its location about 10 minutes or so from Surfers and facing the Broadwater estuary was a key drawcard, while residents could be in Brisbane within 45 minutes to an hour on the freeway.

Original Article: Click Here

Leave a Reply

Your email address will not be published.