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Posted: 2024-11-27 04:58:38

The median house price was less than $1 million in 107 regional coastal suburbs where prices had recorded annual growth of 5% or more, the analysis of PropTrack data from October 2024 showed.

About a third of those suburbs had median house prices of $500,000 or less – and some even recorded prices below $300,000.

Townsville has seen a flurry of development in recent years. Picture: Getty


Queensland's 10 cheapest regional beach 'burbs

Source: PropTrack. Regional coastal suburbs with at least 5% annual growth, median house price less than $1 million, 12 months to October 2024, minimum of 25 sales.
Suburb Median house price Annual increase
Forrest Beach $332,50014.7%
Balgal Beach $395,00014.5%
Maryborough $409,50013.7%
Bowen $420,5009.2%
South Mackay $440,00012.1%
Slade Point $464,00022.1%
Blacks Beach $480,00014.3%
Bucasia $510,00016.1%
East Mackay $527,50018.5%
South Townsville $535,00033.7%

“I would say that’s largely due to that relative affordability advantage, but also population growth, jobs growth and the like.”

It's something Belle Property agent Josie Howard has seen first hand.

She said though it had seen extensive development in recent years, it was still not as built-up as other Queensland towns such as Cairns.

Geraldton in WA had eight suburbs on the list. Picture: Getty


Seven other suburbs in greater Geraldton also made the list, and local agent Joel Winkly from The Agency said the area gave buyers bang for their buck.

Top 10 WA regional beach 'burbs for price growth

Source: PropTrack. Regional coastal suburbs with at least 5% annual growth, median house price less than $1 million, 12 months to October 2024, minimum of 25 sales.
Suburb Median house priceAnnual increase
Tarcoola Beach $645,00050.0%
Port Denison $500,00047.1%
South Bunbury $620,00037.6%
Binningup $628,00034.3%
Geographe $810,00032.8%
Bunbury $837,00026.8%
Withers $430,00026.5%
Dalyellup $611,00025.8%
Mount Melville $625,00025.5%
Broome $750,00025.0%

What’s more, two of those – Yamba and Iluka – were about an hour down the coast from Byron Bay, and some have touted the area as ‘the next Byron’.

“The only reason Byron isn't in there is because the median is above a million,” Ms Creagh said.

In fact, the median unit price in Byron Bay was $1.18 million in October 2024, and the median house price was nearly triple that – $3.4 million.

NSW regional beach suburbs under $1 million

Source: PropTrack. Regional coastal suburbs with at least 5% annual growth, median house price less than $1 million, 12 months to October 2024, minimum of 25 sales.
Suburb Median house price Annual increase
Sussex Inlet $722,5006.6%
Harrington $780,0006.8%
Warilla $800,00011.1%
Iluka $820,0007.9%
Lake Illawarra $866,00015.5%
Forster $885,0007.4%
Culburra Beach $965,0007.2%
Yamba $990,00016.5%

The town of Yamba on the NSW north coast has seen new homes built in the past year. Picture: Getty


SA regional beach suburbs under $1 million

Source: PropTrack. Regional coastal suburbs with at least 5% annual growth, median house price less than $1 million, 12 months to October 2024, minimum of 25 sales.
Suburb Median house price Annual increase
Port Augusta $225,0007.1%
Ceduna $272,5005.8%
Port Augusta West $280,50011.1%
Cowell $310,00017.0%
Whyalla $385,00020.3%
Kingston Se $415,00022.1%
Kingscote $430,0008.9%
Streaky Bay $440,00017.3%
Port Lincoln $465,00014.0%
Hayborough $615,0008.8%
McCracken $675,0006.2%
Robe $675,00012.5%
Encounter Bay $687,50017.5%
Normanville $770,00022.2%
Port Elliot $845,00020.7%

Full list of regional beach 'burbs under $1 million

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Source: PropTrack. Regional coastal suburbs with at least 5% annual growth, median house price less than $1 million, 12 months to October 2024, minimum of 25 sales.
SuburbStateMedian house priceAnnual increase
Port AugustaSA$225,0007.1%
CedunaSA$272,5005.8%
Port Augusta WestSA$280,50011.1%
Dundee BeachNT$290,00011.5%
CowellSA$310,00017.0%
Forrest BeachQLD$332,50014.7%
BeachlandsWA$370,00010.4%
WhyallaSA$385,00020.3%
SmithtonTAS$385,0005.5%
GeraldtonWA$390,00020.0%
Balgal BeachQLD$395,00014.5%
MaryboroughQLD$409,50013.7%
Mahomets FlatsWA$415,00023.9%
Kingston SeSA$415,00022.1%
BowenQLD$420,5009.2%
WithersWA$430,00026.5%
KingscoteSA$430,0008.9%
South MackayQLD$440,00012.1%
Streaky BaySA$440,00017.3%
BeresfordWA$445,00018.7%
UsherWA$455,00019.7%
Sunset BeachWA$460,00015.7%
EsperanceWA$462,5005.1%
Slade PointQLD$464,00022.1%
Port LincolnSA$465,00014.0%
Blacks BeachQLD$480,00014.3%
KalbarriWA$485,0007.9%
CastletownWA$490,90014.8%
Port DenisonWA$500,00047.1%
GlenfieldWA$507,50020.8%
BucasiaQLD$510,00016.1%
Preston BeachWA$512,50019.2%
DongaraWA$525,00011.7%
East MackayQLD$527,50018.5%
South TownsvilleQLD$535,00033.7%
Lower KingWA$540,0005.9%
Bakers CreekQLD$545,00012.4%
Lakes EntranceVIC$545,00012.4%
Mission BeachQLD$550,0007.8%
LancelinWA$550,00010.0%
Drummond CoveWA$559,00020.5%
ScarnessQLD$559,0005.5%
EimeoQLD$565,00018.9%
Bayonet HeadWA$570,00015.2%
Bushland BeachQLD$570,00015.2%
PoonaQLD$580,00020.0%
PenguinTAS$580,00011.5%
Tin Can BayQLD$600,0008.1%
Burnett HeadsQLD$609,5008.8%
DalyellupWA$611,00025.8%
HayboroughSA$615,0008.8%
DenningtonVIC$615,0005.1%
Wongaling BeachQLD$617,50013.3%
South BunburyWA$620,00037.6%
Point VernonQLD$620,0008.8%
GlenellaQLD$620,0007.1%
West BeachWA$620,00010.2%
GuildertonWA$620,0007.4%
Mount MelvilleWA$625,00025.5%
DenmarkWA$625,00014.7%
BinningupWA$628,00034.3%
Jurien BayWA$630,00014.5%
Eli WatersQLD$630,00010.7%
River HeadsQLD$637,5009.9%
Tarcoola BeachWA$645,00050.0%
PialbaQLD$649,00016.4%
Jubilee PocketQLD$650,0009.2%
Cable BeachWA$670,0008.5%
RobeSA$675,00012.5%
McCrackenSA$675,0006.2%
Moore Park BeachQLD$685,00024.1%
Encounter BaySA$687,50017.5%
Belgian GardensQLD$690,0007.8%
BichenoTAS$690,0007.1%
ShearwaterTAS$690,0005.3%