Cheapest suburb to buy a home in is by the beach in QLD
The cheapest suburb in Australia is by the beach on Queensland’s east coast, new sales data has found.
Latest CoreLogic Market Trends data released this week showed the lowest median price of any suburb in the country last year was a $25,000 — recorded by Balgal Beach, north of Townsville. The figure was the median of 11 unit sales in the suburb in 2018.
The CoreLogic data came off all suburbs in the country that recorded more than 10 property sales in the year to December 2018.
Current listings on realestate.com.au show that the cheapest block of land in Balgal Beach right now was $49,000 for 809sq m at 22/129 Mystic Avenue.
Robyn Neilson of My Property Agent described it as “one of the cheapest fully serviced blocks in Balgal Beach” with a motivated vendor who “requires immediate sale”.
MORE REAL ESTATE NEWS:
Broncos young guns’ big buy
Shack up with a coastal beauty
How a 1940s cottage transformed
Open space in demand
LOWEST MEDIAN PRICES IN THE COUNTRY:
$25,000 Balgal Beach (Townsville, QLD) 11 units sold
$30,000 Curlwaa (Wentworth, NSW) 18 houses sold
$30,000 Mount Magnet (Mount Magnet, WA) 11 houses sold
$33,000 Morawa (Morawa, WA) 11 houses sold
$35,000 Cunnamulla (Paroo, QLD) 13 houses sold
The block was close to the beach and a short walk to Mystic Sands Golf Resort.
Ms Neilson also has the cheapest house currently listed in the suburb, located at 14 Tracey Street, priced in the “high $100,000s”.
The two bedroom, single bathroom house was admittedly an “open plan shed-home”, which Ms Neilson said was “certified for accommodation by Townsville City Council”.
“So yes — you can live in it. This gives you the amazing opportunity to either live there while you build your dream home, or keep your long term tenant there for some extra income. Or move in yourself.”
With the beach down the road and the home airconditioned with carport and outdoor entertainment space, she listed it as “just a great spot to love living life”.
Among services in the Balgal Beach and nearby Rollingstone area was the Mystic Sands Golf and Bowling Club, high academic achieving school Rollingstone Primary, a modern playground and barbecue in a beachside park, a public boat ramp, Rollingstone Hotel, a medical centre and pharmacy, Fisherman’s Landing licensed kiosk, RSL, Lions and fishing clubs, Paluma rainforest, beaches, fishing, Crystal Creek waterfalls and freshwater creeks, a BP service station and a general store and post office.
The CoreLogic data does not count suburbs where less than 10 properties sold within the year.
FOLLOW SOPHIE FOSTER ON TWITTER