Our real estate experts have hand-picked Australia's best coastal suburbs for 2024, combining growth prospects, amenities and infrastructure.
realestate.com.au Hot 100 – compiled by a panel of industry experts – includes more than 30 coastal, beach or port suburbs across the country offering the best real estate potential in 2024 and beyond contained.
PropTrack economist Anne Flaherty reviewed the list and noted that many suburbs on the list remain relatively affordable.
“It's not necessarily an upscale beachside suburb, but it's an area where more people can afford to buy a home,” she says.
“At the end of the day, I think coastal suburbs are always attractive to people looking to buy or rent.
“We know that properties close to the waterfront sell for high prices and buyers are definitely willing to pay extra to be close to the waterfront.And in the same situation, tenants are also willing to pay more to live. will be willing to pay higher rents for these locations. ”
Coastal areas in realestate.com.au's 2024 Hot 100
| suburbs | state | Median house price (2023) | 12 month changes | Price 5 years ago | Change for the first time in 5 years |
| barney | TAS | $440,000 | -2.8% | $305,000 | 44.3% |
| Rokebee | TAS | $586,000 | 2.1% | $290,500 | 101.7% |
| kingston | TAS | $726,000 | -9.3% | $475,500 | 52.7% |
| devonport | TAS | $455,000 | -3.0% | 260,000 | 75.0% |
| Mandurah | western australia | $399,000 | 14.0% | $259,500 | 53.8% |
| Busselton | western australia | $736,000 | 16.8% | $445,000 | 65.4% |
| geraldton | western australia | $330,000 | 0.2% | $243,000 | 35.8% |
| Quinn's Rocks | western australia | $643,000 | 10.9% | $430,000 | 49.5% |
| rockingham | western australia | $519,250 | 9.0% | $380,000 | 36.6% |
| Fremantle | western australia | $1,120,000 | 8.7% | $805,000 | 39.1% |
| townsville city | queensland | $380,000 (unit) | 5.5% | $305,000 | 24.6% |
| cairns city | queensland | $545,000 (unit) | 29.9% | $421,500 | 29.3% |
| brighton | queensland | $830,000 | -7.3% | $542,500 | 53.0% |
| southport | queensland | $920,000 | 0.5% | $575,000 | 60.0% |
| Yeppoon | queensland | $600,000 | 5.6% | $350,000 | 71.4% |
| gladstone | queensland | $334,000 | 7.7% | $198,000 | 68.7% |
| cleveland | queensland | $957,000 | 8.4% | $650,000 | 47.2% |
| Ettalong Beach | New South Wales | $1,075,000 | -13.1% | $805,000 | 33.5% |
| elizabeth bay | New South Wales | Not applicable | Not applicable | Not applicable | Not applicable |
| Dee Why | New South Wales | $2.4 million | -7.3% | $1,585,500 | 51.4% |
| Avalon Beach | New South Wales | $2,800,000 | -3.9% | $1,810,000 | 54.7% |
| north bridge | New South Wales | $4,700,000 | 0.8% | $3,320,000 | 41.6% |
| mothman | New South Wales | $5,130,000 | 6.3% | $3,782,500 | 35.6% |
| Altona Meadows | vic | $725,000 | -2.7% | $638,000 | 13.6% |
| Mentone | vic | $1,305,000 | -10.0% | $1,064,500 | 22.6% |
| column | vic | $870,000 | -5.4% | $850,000 | 2.4% |
| ripple side | vic | $1,050,000 | -11.8% | $775,000 | 35.5% |
| victor harbor | S.A. | $659,500 | 26.8% | $352,000 | 87.4% |
| Port Noarlunga | S.A. | $690,000 | 10.8% | $422,500 | 63.3% |
| seaford | S.A. | $640,000 | 5.8% | $387,250 | 65.3% |
| Hallett Cove | S.A. | $757,000 | 8.0% | $470,000 | 61.1% |
| west lakes shore | S.A. | $970,000 | 4.2% | $610,000 | 59.0% |
| Ardrossan | S.A. | $360,000 | 11.6% | $265,000 | 35.8% |
| Whyalla | S.A. | $335,000 | 6.3% | $240,000 | 39.6% |
| darwin city | Northern Territory | $422,500 (unit) | -12.7% | Not applicable | Not applicable |
Flaherty said that while the pandemic has increased buyer demand for coastal and oceanfront locations, this demand remains strong as people spend more time at home in hybrid work environments. Ta.
“People are looking for that balance, they're looking for access to nature, and COVID-19 resets a lot of the way people think about how they want to live their lives,” she said. Ta.
Here's what our experts have to say about some of the top coastal destinations on our list.
queensland
brighton
Brighton, which borders Brisbane's Moreton Bay, is a cheaper alternative coastal city than neighboring suburbs, said Peter Chrysos, a property expert at the University of Adelaide.
He added that robust suburbs are recognized by those living in vacant properties for their lifestyle proposition and proximity to rail lines and beaches.
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House prices in Brighton, Brisbane have increased by 53 per cent in the past five years, according to Prop Track. Photo: realestate.com.au
Local agent Christy Kelly of Image Property Brisbane Northside said competition was reducing the number of days on the market for properties in the area.
“This is also a densely populated suburb, and there aren't many opportunities to buy here, so when opportunities arise, the demand is very high,” Kelly said.
Mr Kelly said he had already sold four homes in Brighton within days of returning to work ahead of 2024.
New South Wales
elizabeth bay
Elizabeth Bay, an ultra-luxury home of apartments with views of Sydney Harbour, was selected by buyer advocate and Property Buyer CEO Rich Harvey for its strong investment prospects.
“It's just a stone's throw from Potts Point, has a city center feel, and is just a stone's throw from upmarket areas like Double Bay and Rose Bay, as well as the suburbs,” he says.
Located in Sydney's exclusive east, Elizabeth Bay also offers entry-level apartments such as 61/41-49 Roslyn Gardens, which is scheduled for auction with an estimated price tag of $600,000. Photo: realestate.com.au
Samuel Schuman of Lane & Horne Unlimited Potts Point said that while the suburban luxury market is “completely gangbusters,” the investor market in the $500,000 to $600,000 range is also strong. Told.
“Even small suburbs attract a wide range of markets, and we're seeing that go from strength to strength,” he said.
victoria
Altona Meadows
Value for money and proximity to the city are among the reasons why Altona Meadows, in Melbourne's west, made it to buyer's agent Kate Bakos' realestate.com.au Hot 100 list.
“For people who are on a budget and have price constraints, the current pricing, being close to the city and what you get for your money is very good,” she said.
View of Melbourne CBD from Altona Meadows Park. Photo: realestate.com.au
“A lot of people are discovering it, so I don’t think these prices will last long.”
Beachside Mentone, 21 kilometers south-west of Melbourne's CBD, is another popular spot, which Ms Bakos described as an underrated beautiful beachside suburb.
“It has a small bustling shopping village, is easily accessible by train and has some very good private schools,” she said.
south australia
seaford
Location and affordability were factors in Chrysos' selection of Seaford as a Hot 100 candidate.
Seaford was originally developed in the 1970s and was once not considered as attractive as neighboring suburbs with their beach shacks and holiday atmosphere, Chrysos said.
Seaford offers an affordable coastal lifestyle just 45 minutes from the Adelaide CBD. Photo: realestate.com.au
But he pointed out that with prices now so high in Port Noarlunga South, Port Noarlunga and Noarlunga, buyers were happy to live in 1970s Seaford homes on the beach.
With a median home price of approximately $640,000, the area attracts young homebuyers.
“It’s not unusual for us to run ads, especially over the last three years, during and after COVID-19. [a home] realestate.com.au is open during the week and on weekends with offers on Mondays,” he said.
western australia
Busselton
Busselton, a popular south-west holiday town approximately two and a half hours from Perth, was chosen by Propertyology research director Simon Presley for its amenity, investment prospects and location.
He said Busselton's property market had outperformed Perth over the past three years, and broadly over the past 20 years.
Offering a coastal lifestyle, Busselton is also well placed to take advantage of the Margaret River region's popular wineries. Photo: realestate.com.au
Tommy McNeil, a real estate partner at Agency Southwest, said the area is attracting strong interest from East Coast investors, with many looking at properties over FaceTime or just looking at home plans. He said he was buying it.
Offering value for money and a relaxed lifestyle Mr McNeil said many FIFO operators had bought and lived in the area, sometimes renting out their homes while they were away.
Tasmania
barney
Pressley's decision to appoint Port City Burnie was driven by solid investment prospects and affordability.
He said Burnie, the second-largest city on Tasmania's north coast after Devonport, would become a hotspot for major renewable energy projects, particularly wind power.
He said: “Legendary local company Elphinstone will gradually add hundreds of employees to support two separate Defense Force contracts to manufacture parts for the Rand 400 military vehicle and infantry fighting vehicle. That's the plan,” he said.
Picturesque Burnie is known for its harbor and industrial centre, but is also home to the University of Tasmania's newly developed campus, several beaches and a penguin colony. Photo: realestate.com.au
Harcourt property consultant Andrew de Bomford, who has been selling property in Burnie for 23 years, said the suburb had great walking trails, a progressive council and good schools and infrastructure. Ta.
“I'm selling a lot of land…There's a building boom going on,” he said.
“There are a lot of ex-committee properties in Burnie, and they tend to be traditional type investment properties. All standard three-bedroom, one-bathroom ex-committee properties from 40 to 50 years ago. properties, all of which were privately owned, were repurposed into “reasonable territory,'' he said.
