Credit: <\/span>TEQ<\/cite><\/p>\nThis includes one palm-fringed island where homes can cost less than $360,000 \u2013 and while your neighbours might be a collective of kangaroos, you can still get daily deliveries from Coles and Woolworths.<\/p>\n
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.<\/p>\n
\u201cPrices here have already gone up a lot over the past 10 years,\u201d she said.<\/p>\n
\u201cA lot of people discovered the island during COVID \u2026 and year on year we just get busier.<\/p>\n
\u201cNow, to buy a home close to the water in a popular spot will cost you between $700,000 and $900,000 for a three- or four-bedroom home. And that same house used to be $200,000.<\/p>\n
\u201cBut it\u2019s still undervalued \u2026 and if you compare Magnetic Island to anywhere else it\u2019s so cheap.<\/p>\n
The island has a population of about 2,500 and a handful of restaurants, pubs, schools and shops dotted throughout its four hamlets. The cheapest is the ferry port of Nelly Bay, where the latest Domain House Price report revealed the median house price is just $358,750. While only 76 properties are currently on the market across the island, Ms Strens anticipates stock levels to rise during spring, alongside an influx of buyers.<\/p>\n
\u201cIt used to just be retirees who moved here but now it\u2019s people who work from home. They are more invested in the lifestyle \u2026 the island is extremely accessible to Townsville where you\u2019ve got an airport,\u201d Ms Strens said. \u201cColes and Woolies deliver every day here too so you can get everything you need.\u201c<\/p>\n
Ms Strens is marketing 19 Corica Crescent 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.<\/p>\n
Just 40 kilometres north of Townsville a handful of cheap hamlets are catching the eye of savvy buyers on a budget, including the relaxed village of Balgal Beach where you can swap the car for a golf cart. It comes with a top community too, said Ray White Townsville agent Allison Gough.<\/p>\n
\u201cI\u2019ve had a few Western Australian buyers recently and one bought a three-bedroom two-bathroom beachfront home for $455,000. They thought it was the biggest bargain in the world,\u201d she said.<\/p>\n
Ms Gough said the rise of remote working had dramatically increased demand in the area.<\/p>\n
\u201cYou can get the big supermarkets to deliver here and you\u2019ve got nearby farms that do fruit and vegetable drops,\u201d she said.<\/p>\n
\u201cYou also get really old school living here \u2026 but there are schools too and a golf course which has mountain views.\u201d<\/p>\n
Ms Gough is marketing a five-bedroom, two-storey home on an 817-square-metre block at 32 Madelaine Drive, Balgal Beach for offers over $599,000 and said just a strip of bush lay between the house and the dunes.<\/p>\n
Further north, but less than a couple of hours drive from Cairns, lies Mission Beach \u2013 a patch of Queensland paradise that was once a hidden gem but is getting attention from Sydney and Melbourne buyers.<\/p>\n
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.<\/p>\n
\u201cWe are getting a lot of southern interest from the Sunshine Coast, Gold Coast, Sydney and Melbourne,\u201d he said.<\/p>\n
\u201cWe\u2019ve had a lot of growth too \u2026 and it\u2019s all driven by COVID and by the fact that people are becoming more aware of benefits of living in coastal, regional Queensland.\u201d<\/p>\n
Mr Williams said a family home within a few minutes\u2019 walk of the beach there would set you back about $400,000-$500,000.<\/p>\n
\u201cI\u2019ve just become fonder of Mission Beach as time rolls on. That\u2019s because of its natural beauty, the beaches are just superb \u2013 you\u2019ve got 12 islands offshore, and they are just classic tropical islands that look like Fiji,\u201d he said.<\/p>\n
With one of those Fijian-esque islands \u2013 Dunk Island \u2013 set to undergo a multi-million-dollar reboot after Cyclone Yasi wiped it out in 2011, Mr Williams expects even more eyes to turn to Mission Beach and with it, more price growth.<\/p>\n
Mr Williams is selling a three-bedroom home at 15 Mitchell Street in South Mission Beach and said while it\u2019s being marketed as \u201cexpressions of interest\u201d they\u2019re expecting to fetch $800,000 for the home.<\/p>\n
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<\/p>\n