In a country mad about the beach and the oceanside lifestyle, a prized home on the water or nearby in cities like Sydney, Brisbane and Perth will set you back millions.
So it might be hard to believe that it’s possible to buy a house a stone’s throw from the beach for as little as $49,000.
Pristine beaches and large blocks of land are what welcome you at Balgal Beach, the cheapest suburb in Australia to buy a house.
Figures from CoreLogic have revealed Balgal Beach had the lowest median price of any suburb in the whole country last year at $25,000.
The idyllic beachfront town on Queensland’s eastern coast is located between Ingham and Townsville and is a 35-minute drive south to major amenities in Townsville.
Balgal Beach resident and real estate agent Robyn Neilson from My Property Agent has both the cheapest block of land and cheapest house currently available.
She was surprised the suburb was named the country’s cheapest suburb “because it’s absolute paradise.”
Part of the reason the median house price for the area is so low is that many of the properties sold last year were residential land blocks, some which sold for as little as $20,000.
“One of them being 22/129 Mystic Avenue, which is currently being sold for $49,000 only.
“We’ve got amazing beaches, golf, fishing. Our beaches are beautiful, sandy and don’t have mangroves everywhere.
“I wouldn’t want to live anywhere else,”
Neilson says Balgal Beach is home to about 1,500 residents with a variety of demographics.
“We have retired people and a lot of young families.
“There are quite a few people who work in the big army barracks, James Cook University and the hospital, and quite a few others who commute to Townsville because it’s only 35 minutes.”
The suburb is “incredibly cheap” when it comes to buying property.
Neilson said the cheapest listing at the moment is 14 Tracey Street which is expected to sell for around $185,000.
She compares the property to a granny flat or a shed that has been “built in, lined and equipped” to make it suitable to live in. The real value is in the land, which has enough space to build a large house.
The cheapest block of land available in the suburb is on the market for $49,000. The size of the land is a massive 809 square metres.
“It is on a community title so there is a small body corporate fee.
“It’s fully serviced and very close to the medical centre, pharmacy and golf club. It would take you probably 6 or 7 minutes to walk from there to the beach.”
On the other end of the market are large family homes on the beachfront, such as 57 Augusta Drive which is selling in the high $500,000 range.
“There are some absolutely magnificent homes that are absolute beachfront. This house has three bedrooms, three internal living areas, three external living areas plus a beautiful pool and an extra double garage,” Nielson said.
It’s hard to think of any negatives of this beachside suburb.
“North Queensland does have crocodiles, but I’ve lived here for 15 years and I can honestly say I’ve never seen one,” Nielson said.