Brisbane hosts a wealth of beautiful scenery, rivers, green grass lands of course, beaches to die for.
The Queenslander dream of living by or even close to the beach has been dashed by the costs of houses skyrocketing in recent years, however whilst the million-dollar homes play host to celebrity stars and millionaire investors, there is a niche developing in the market that could see home buyers snatching up properties for as little as $500,000.
In a recent price report conducted by Domain, 37 suburbs across Queensland are selling properties not only close but ON the water’s edge for under $700,000. Areas such as Coomera and Southport are selling for such reasonable prices (between $300,000 – $400,000) that this is considered prime time to buy and get in quick before all properties are snapped up. The hottest properties are set to sell for between $500,000 – $600,000.
Whilst this is good news for buyers, there is also those with a higher price tag in mind. The glorious Mermaid Beach saw a price rise of approximately 46.6% over the course of the last year with prices reaching a median of $2 million dollars.
Units are also seeing a change in price during this ever changing peak time of the real estate market. These homes are reaching as much as $600,000 in some suburbs with experts warning that the price for those majestic ocean views comes at an okay cost with less than descent unit living.
To get the best price and home for your new start, its best to think about two things: cost vs quality. Is the cost affordable for your budget and if so, is the quality of this purchase worth the price tag?