Australia’s hottest beachside suburbs have been identified by a panel of experts, where would-be buyers and investors can snap up homes in idyllic lifestyle-driven locations.
The inaugural realestate.com.au Hot 100 identified the spots around Australia with the best prospects in 2023 and beyond, based on the insights of industry professionals.
Among them were areas near the ocean that have plenty of good potential left to be realised.
These are the hottest beachside suburbs across Australia – and some of the affordable options currently available to homebuyers.
Matraville, New South Wales
It’s a suburb many in Sydney might struggle to locate on a map, but what Matraville lacks in the same sort of recognition its famous eastern suburbs cousins enjoy, it makes up for with a comparatively more affordable entry point.
Local agent Marnie Seinor from McGrath knows this pocket inside out and believes it offers exceptional value for money.
“Matraville is a family orientated suburb that’s conveniently located near stunning beaches such as Maroubra Beach, Malabar Beach, and Little Bay, all within a 10- to 20-minute walk,” Ms Seinor said.
“Also within walking distance is the golf course and great family friendly parks such as Heffron Park and Pioneer Park.”
Matraville presents good opportunities for those priced out of better-known eastern suburbs. Picture: Getty
Buyers get the same coastal lifestyle and high level of amenities but without the congestion.
The median house price of $2.4 million is hardly cheap, but it’s lower than better-known eastern suburbs and there are options below that figure.
One example is a charming California Bungalow circa 1930s at 561 Bunnerong Road that’s been recently renovated to a high standard and boasts three bedrooms, one bathroom, car parking, and an artist’s studio in the backyard.
It sits on a 461sqm and comes with development approval for a rear extension to craft a dream five-bedroom family dwelling.
It’s on the market now with a price guide of $1.75 million to $1.8 million.
The median unit price is much more affordable by Sydney standards at $830,000, although there aren’t many in this house-dominated area.
A recent sale gives some insight into what does come up – 9/513 Bunnerong Road, a two-bedroom, two-bathroom unit with parking.
The modern home on the top floor of a boutique block of just 10 boasted huge entertaining areas, a designer kitchen, double bedrooms with built-ins, and a stellar location.
Available units in Matraville are as rare as hen’s teeth. Picture: realestate.com.au/sold
Buyer’s agent Rich Harvey from propertybuyer.com.au nominated Matraville as a Hot 100 suburb.
Yamba, New South Wales
This beach town in northern NSW was a best-kept secret for decades, enjoyed by locals and an exclusive group of weekenders for its sleepy vibe and exceptional surf.
But the word is out and those seeking an alternative to pricey Byron are flocking to Yamba, pushing prices up sharply.
That skyrocketing demand is clashing with a tightly held market where homes don’t come up for sale too often.
Yamba has boomed in popularity in recent years. Picture: Getty
As a result, the median house price is now $975,000 – a whopping 20% higher than 12 months ago – and the median unit price is $775,000, also up 19%.
A stone’s throw from the water and minutes to the beach is 18 Melaleuca Drive, a three-bedroom, two-bathroom brick house in good condition on a generous 706sqm block.
With two separate living rooms, a central galley kitchen, a sun-drench patio area, and a fenced yard, there’s lots of space for the attractive asking price of $700,000 to $750,000.
Even cheaper is 51 Lady Nelson Place, a cosy three-bedroom, two-bathroom home that’s moments to all of the attractions Yamba has to offer.
It features tiled living areas, a central kitchen, a renovated bathroom, and a huge covered patio area, all for just $659,000.
Offering good value is this two-bedroom, one-bathroom unit at 19/12 Clarence Street, a hillside locale that’s stumbling distance from the beach.
Recently renovated, it’s bright and airy with open plan living, a balcony, a good-sized master bedroom, and a car space. It’s priced at $690,000 to $700,000.
Ray White managing director Dan White nominated Yamba as a Hot 100 suburb.
Tweed Heads, NSW
Just over the Queensland border into NSW, neighbouring famed Coolangatta, is the bustling beachside town of Tweed Heads.
Tweed Heads offers the best of both worlds. Picture: Getty
Local agent Jason Abbott from PRD Real Estate said the area boasts access to all of the lifestyle amenities that the Goldie is known for but with a more laid-back way of life.
And the property prices tend to be more affordable than up the coast in the thick of it.
“Our market suits every level of buyer, from first-timers to retirees,” Mr Abbott said.
During Covid, would-be buyers inundated the Tweed to escape lockdowns in southern capitals, seeing prices soar.
“With low level of stock and still-huge rental demand, we are still getting good growth but not the levels seen during the pandemic,” he said.
The median house price is currently $1.31 million while the median unit price is $702,500.
Sitting at the end of a quiet cul-de-sac is 2 Second Avenue, an historic home built in the late 1950s, sitting on a huge 1410sqm block, offering imaginative buyers a prime opportunity.
2 Second Avenue in Tweed Heads is now on the market. Picture: realestate.com.au/buy
The main part of the home features three bedrooms and two bathrooms, while downstairs is a granny flat with its own entry.
There’s a pool, a fireplace in the main living area, and period features like exposed beams and some stunning wooden floors, currently hidden beneath carpet.
It has a guide price of $900,000 to $990,000.
For those on a budget, this stylish townhouse at 213/20 Binya Avenue is not just conveniently located to Tweed but also a stone’s throw from Kirra Beach over the border.
As well as being near the heart of the Tweed, the unit is a stone’s throw from famed Kirra Beach. Picture: realestate.com.au/buy
With two bedrooms and one bathroom, this beautifully presented property sits within a private complex with two pools and a tennis court.
It’s on the market now with a price guide of $595,000 to $630,000.
Buyer’s agent Scott Aggett from Hello Haus picked Tweed Heads as a Hot 100 suburb.
You wouldn’t know it now looking at its picture-perfect landscape, but the Melbourne suburb of Altona was historically the site of a coal mine.
These days, economic activity is restricted to trendy restaurants and cafes, a recently opened local cinema, and an array of shops.
Local agent Julian Montebello from Jellis Craig said families flock to this part of the city in search of a slice of the good life.
“The community, lifestyle and landscape create a unique environment that offers a charming feel with an abundance of amenities,” Mr Montebello said.
“There are honestly too many features to list – this place has it all. My favourite parts would have to be the large parklands and sporting clubs, swimming beach with a boat ramp and separate dog beach, and the walking and bike trails along the bay.
Altona boasts a great location and relatively affordable property prices. Picture: Getty
Three train stations and proximity to the freeway make it easy to get around, he added.
The median house price is $1.16 million but there are currently some good options for under that figure.
One is 25 Medford Street, which is a tastefully refreshed character home with four bedrooms and two bathrooms, sitting on 682sqm.
There’s lots of space to grow thanks to a generous floorplan, good-sized paved rear patio, two living areas, a study, and a dual-car carport and separate garage/workshop.
It has a price guide of $995,000 to $1.09 million.
Full of character, this home at 25 Medford Street is now up for grabs. Picture: realestate.com.au/buy
Those with a tighter budget can find good options in apartments. Altona has a median unit price of $727,500.
Currently on offer in the heart of Altona is a modern, bright two-bedroom, one-bathroom apartment at 211/112 Pier Street.
The bedrooms are spacious, it has heating and cooling, it has a balcony with city glimpses, and there’s one car space on title, all for a $420,000 to $435,000.
Mr White picked Altona as a Hot 100 suburb.
Forget what you think you know about this Melbourne bayside suburb – Frankston is a vibrant and diverse community that offers exceptional affordability.
Local agent Thomas Larkin from Barry Plant said the chance to live at the beach for a bargain price has drawn young first-home buyers in droves in recent years, changing the demographic and sparking gentrification.
“In the past five or so years, there has been a lot of development in the CBD, which has rejuvenated the centre of Frankton to be younger and more energetic,” Mr Larkin said
“New bars and restaurants have started to bring Frankston back to life. On top of that, the suburb is surrounded by a lot of natural beauty, from multiple parks and gardens to the beach.”
Visually stunning and in the throes of change, Frankston is well worth a look. Picture: Getty
The suburb also has a number of schools, making it especially appealing for young families.
“Frankston appeals to everyone,” Mr Larkin said.
“Want to buy an investment under $600,000 that’s five mins from the beach? Frankston has it. Want to buy your first home? Frankston has it. Want to buy your dream home? Frankston has it. Looking for a development site? Frankston has them.”
The median house price is $760,750 and the median unit price is $535,000, with plenty on offer in the current market.
Ideal for families is new-to-market 10 Paton Street – a brick three-bedroom, two-bathroom home on a generous 640sqm block in a quiet street near multiple parks.
10 Paton Street is priced below the suburb median, presenting an enticing opportunity. Picture: realestate.com.au/buy
The oversized floorplan includes two living areas, one with an open fire, built-ins, a tidy kitchen, an enormous alfresco deck, and a workshop in the backyard.
It’s priced to sell at $680,000 to $740,000.
For a bit more, a brand-new townhouse at 3/32 Kenilworth Avenue is on offer with four bedrooms, three bathrooms, and a two-car garage.
Currently under construction, the home is in a small complex of three and offers a large gourmet kitchen with walk-in pantry, modern bathrooms, a private backyard, and a rumpus room.
The prime location is minutes from the beach, close to schools and parks, and a stone’s throw from shops and public transport. The guide price is $800,000 to $880,000.
For buyers on a bargain, also on offer is this two-bedroom villa at 10/11 Williams Street that’s just undergone a full renovation.
It boasts an immaculate designer kitchen, a sparkling bathroom with laundrette, good-sized bedrooms, a paved courtyard, and a carport.
Best of all, it’s a short stroll to the foreshore. It has a price guide of $580,000 to $630,000.
Buyer’s agent Miriam Sandkuhler from Property Mavens nominated Frankston as a Hot 100 suburb.
Mermaid Waters, Queensland
Most buyers sniffing around the Gold Coast are keen to find a home that makes the most of the famed region’s water, be it beach, river, or canal.
That’s what makes Mermaid Waters so appealing, along with a long list of other drawcards, local agent Ty Van Der Meulen from Ray White said.
“It ticks a lot of boxes for homeowners who are searching for a central Gold Coast feeling within a short walk or bike ride to shops, fine dining restaurants, schools, or the beach,” Mr Van Der Meulen said.
“Most of the suburb is made up of canals and waterfront homes. But also, the land size of most homes is 750sqm-plus, which is a big drawcard.”
The median house price is $1.6 million but there are good options below that, like this five-bedroom, three-bathroom home at 6 Karratha Court.
Now on the market is this big family home with a pool at 6 Karratha Court in Mermaid Waters. Picture: realestate.com.au/buy
Sitting on 731sqm and boasting tropical gardens, a saltwater swimming pool and spa, a large floorplan, modern interiors, and a huge alfresco entertaining area with built-in dry bar, it’s an appealing family home.
But it also has a rent appraisal of $1400 to $1600 per week, which based on the asking price of $1.45 million-plus, would deliver about a 5% yield.
For those on a budget, the median unit price is $640,000 and renovated units in older-style brick blocks offer a particularly affordable entry into a premium suburb.
Take this recently refreshed ground floor two-bedroom apartment at 22-24 Duet Drive, just moments from the water, now inviting offers over $550,000.
This cheapie at 6/6 Dunlop Court comes with breathtaking views. Picture: realestate.com.au/buy
For a bit more, would-be buyers can find can find a unit directly on a canal at 6/6 Dunlop Court, offering exceptional views, a spacious 118sqm floorplan, two bedrooms and two bathrooms, and a central location, asking offers over $699,000.
Mr Aggett picked Mermaid Waters as a Hot 100 suburb.
Christies Beach, South Australia
Massive infrastructure upgrades have seen this seaside Adelaide suburb go from being regarded as a ‘deep south’ location to a ‘central south’ one.
Local agent Jason Mills from Timms Real Estate said the Southern Expressway, a toll-free 100km stretch of road, now makes the commute from Christies Beach into the CBD a breezy 35-minute endeavour.
“We also have a new tunnel being built, which will improve travel time yet again,” Mr Mills pointed out.
“We have seen Christies Beach transform in recent years, with many old homes being demolished and replaced by beautiful new ones, making it a much more desirable area.”
Christies Beach offers a desirable seaside lifestyle at a relatively affordable price. Picture: Getty
The biggest drawcard for buyers, who mostly comprise professional couples, young families, and first-home buyers, is the twin bay beach.
“It’s pristine and sheltered by Horseshoe Reef,” Mr Mills said.
“It’s a walkable suburb with an immense array of traditional shops – ESPY Bake House and CJ’s Bakery to name a few of my favourites – as well as a lot of trendy additions like vegan restaurants, yoga and pilates studios, and cute cafés and bubble tea shops.”
As far as seaside suburbs go, Christies Beach is pretty affordable, with a median house price of $564,000 and a median unit price of $403,000.
Located about 1km to the beachfront is 5 William Road, a classic three-bedroom, one-bathroom abode that’s had some major improvements, like a roof restoration, rendered façade, paving, and new guttering.
The interiors are bright and fresh, with room for a new owner to stamp their own personality on the home.
The generous 760sqm block has a whopping 19.5m frontage.
An independent rental assessment puts the return at $480 to $500 per week. The guide price is $525,000 to $570,000.
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Units in Christies Beach offer exceptional value, so they tend to be snapped up as soon as they hit the market.
For example, this entry level two-bedroom villa, a few blocks back from the beach, at 1/11 Martin Place was snapped up a few weeks back for $325,000.
Market expert Peter Koulizos, program director of the Master of Property at The University of Adelaide, picked Christies Beach as a Hot 100 suburb.
Cottesloe, Western Australia
This part of Perth has always been beloved by locals, but a surge of new energy flooded Cottesloe during Covid as people sought a more appealing lifestyle.
Local agent Olivia Porteous from William Porteous Properties International lives and works in the area and “wouldn’t live anywhere else”.
“We absolutely love it,” Ms Porteous said. “There’s a real mixed demographic with young singles, young families, families with teens, and downsizers.”
Among its long list of pluses are access to excellent public transport, wide and green public spaces, and the “most amazing stretch of beach”.
“Then throw in some great cafes, restaurants, and lovely Napoleon Street with lots of boutique shops, and of course the gourmet supermarket BoatShed.
“It’s the walkability that appeals to me. We can walk to everything we need.”
Reflecting Cottesloe’s popularity, the median house price is a hefty $2.9 million while the median unit price is a more achievable $914,000.
On offer for a bargain price is 511 Stirling Highway, a solid two-bedroom, one-bathroom green title house on the border with prestigious Peppermint Grove.
It’s bright and breezy with timber floorboards, a modern kitchen, a stone and timber fireplace, a covered and paved rear patio, and parking for two cars via a carport and a garage.
And the home is priced to sell at $995,000.
On offer for less than the suburb median is this modern two-bedroom unit at 6/34 Margaret Street, just a short walk from the beach.
With ground floor access and a leafy outlook, the bright and airy home has been recently refreshed and is packed full of features. It’s now seeking offers over $695,000.
Mr White nominated Cottesloe as a Hot 100 suburb.
Story Credit: news.com.au