Seaside living for all budgets within the Brisbane region
You don’t have to head up or down the coast to realise your sea change dreams with the latest real estate data showing buyers can snap up a coastal pad for less than $400,000 in some of Brisbane’s seaside suburbs.
Whether you are chasing a bargain beach shack, a family home with a side of seaside living or a waterfront mansion, the Brisbane region has the goods.
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Analysis of the latest Core Logic sales data shows Toorbul is the cheapest seaside suburb between the Gold and Sunshine Coasts with a median house price of $340,000, followed by Deception Bay ($360,000) and Bellara on Bribie Island ($387,000).
Manly is the most expensive ocean-adjacent suburb with a median house price of $806,750, which is less than half the eye-watering $1.887 million median of Teneriffe, Brisbane’s most expensive suburb.
Shorncliffe came in second with a median of $735,000 and Newport was third at $722,250.
Place Manly principal Marc Sorrentino said his coastal suburb had been flying under the radar in terms of price.
“You look around the world, the most expensive suburbs are seaside suburbs,” he said.
“I’m gobsmacked Manly is not in the top 10 most expensive suburbs in Brisbane.
“It’s the closest oceanfront suburb to the Brisbane CBD, it has good public transport infrastructure and quality homes and, compared to places like Redcliffe, more owner occupiers and mostly residential A zoning, so not many townhouses or apartments.
“It’s a no-brainer, (property values in) this suburb will go through the roof. It’s only a matter of time.”
Mr Sorrentino said when he moved to the area 20 years ago the bayside was somewhere people went to either get cheap real estate or retire.
“Now it’s a vibrant, young seaside community full of active people,” he said.
And house values have been steadily growing in the past decade, up 4.1 per cent annually.
Mr Sorrentino said while homes could sell for well into the millions, savvy buyers could still pick up houses below $600,000 within walking distance of the water.
“Buyers want water views but if they can’t get water views they are happy with the lifestyle Manly has to offer,” he said.
In Wynnum, John and Janice Quinn saw the value in investing in seaside real estate 25 years ago when they purchased a 4037sq m property for $400,000.
Back then there was just an old fibro shack on the block 97 Petersen St but the only thing between the rear boundary and the ocean was some parkland.
“When we bought it, you couldn’t see the sea, the block was that overgrown, but luckily we could see the potential,” Mr Quinn said.
The couple knocked down the shack and built their dream home. They recently listed the two-storey mansion for sale and are hoping for a multimillion-dollar sale.
Mr Quinn said when they purchased the property in 1992 people said they had overpaid but he and his wife knew they had found something special.
“It’s that old ‘location, location, location’,” he said.
“For us, you get the feeling of space. If you’re living on water you have 180-degrees of no neighbours.”
On the Redcliffe peninsular buyers can’t get enough of the seaside property.
Abode Properties sales agent Loren Mulholland said interest was particularly strong in the $400,000-$600,000 price bracket.
“The demand is there, there just isn’t enough stock,” she said.
“Buyers are happy to pre-register (with the agency) to find out about properties before they hit the market. I’ve seen quite a few off-market sales recently.”
Ms Mulholland said buyers wanted to get as close to the ocean as their budget would allow.
“In that $400-600,000 range, buyers can get within about 1km of the water.
“Generally, $600,000 would get you a renovated home between Oxley and Victoria Avenues and around $400,000 will get you something you can add equity to.”
The peninsula-based agent said she was seeing retirees in “droves” and good interest from families and first homebuyers.
“It’s the lifestyle (attracting buyers),” she said.
“The peninsula isn’t as populated as the Sunshine Coast or the Gold Coast and it has the seaside community feel. People are friendly and you get that sense of belonging.”
Further north buyers can snap with coastal property for less than $300,000 in the small seaside communities of Beachmere, Ningi, Toorbul and Donnybrook while Bribie Island offers everything from beach shacks to million dollar mansions.
Ray White Bribie Island principal Kris Bradford said he was seeing big demand in the mid to high $300,000s on the island as the area shook off its reputation of being “God’s waiting room” and became more attractive to families.
“I think there will be spike in Bribie’s market sooner rather than later,” he said.
“The urban sprawl has come as far as North Lakes and people are realising Bribie isn’t that far away.
“The (value for money) is amazing and the lifestyle on offer for that price is one of a kind.”
Mr Bradford said technology also played a part in growing interest in the island as more people were able to work from home.
“We’re seeing a lot more people who live on Bribie and commute, not just to Brisbane but also to Melbourne and Sydney,” he said.
“They work from home most days and fly interstate once a week or so.”
Mr Bradford said the top end of the island market was also strong and Sandstone Point real estate was catching up with island prices, while Ningi was more affordable with small, older homes available in the high $200,000s.
The Bribie local said he expected values on the island and nearby to continue to grow.
“It’s a small community on an island 50 minutes to an international airport and it’s 80 per cent national park,” he said.
“Land is so limited. We’re already seeing people buying older houses to knock down, especially in Bellara and Bongaree.”
BRISBANE’S SEASIDE SUBURBS
Suburb – Median house price
Deception Bay $360,000
Sandstone Point $453,000
Godwin Beach $462,500
Woody Point $482,500
Victoria Point $530,000
Redland Bay $560,000
Banksia Beach $587,500
Wellington Point $619,888
(Source: CoreLogic Market Trends Report August 2019)