Property prices in many beach towns have shot up over the past few years, but savvy buyers can still find a bargain, if they know where to look.
Remote work has given some buyers a better reason to purchase in regional Queensland.Advertisement
Magnetic Island, a 40-minute ferry ride from Townsville, remains one of the cheapest pockets. But as remote workers ditch pricey capital cities in their droves for affordable postcodes by the beach, that could change, said Best of Magnetic Sales Manager Alex Strens.“A lot of people discovered the island during COVID … and year on year we just get busier.
“It used to just be retirees who moved here but now it’s people who work from home. They are more invested in the lifestyle … the island is extremely accessible to Townsville where you’ve got an airport,” Ms Strens said. “Coles and Woolies deliver every day here too so you can get everything you need.“in the popular suburb of Horseshoe Bay for $895,000 and said the four-bedroom home, perched by the beach on a 608-square-metre block, was a prime example of the bang for buck on offer.
“You also get really old school living here … but there are schools too and a golf course which has mountain views.” Ray White Mission Beach agent Dick Williams said while houses by the beach were priced at about $600,000, that same home would have sold for $400,000 just three years ago.
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