The best performing waterfront property markets along the Eastern Seaboard of Australia
“Hello and welcome back to weekly buying tips, I’m Dean Berman from Berman Buys.
Today we’re going to talk about waterfront suburbs.
With the virus easing restrictions and holiday destinations opening up.
It seems like a good time to talk about how many of these areas have performed.
We will look at 10 year growth rates.
We’ll also focus purely on houses for ease of comparison.
The Eastern seaboard will be our focus from Port Douglas in Northern Queensland, through NSW to Warrnambool in Western Victoria.
There has been some mixed results in North Queensland.
We can see Port Douglas and Cairns with average growth around 30%.
But not the greatest results in Townsville, Mackay and Gladstone with fairly negative figures.
Highs of 70% growth in Noosa Heads were some of the highlights in the Sunshine Coast.
And alright results in Mooloolaba and Shelly Beach, upwards of 40%.
In the Moreton Bay and Redland regions, results were average in areas like Deception Bay, Victoria Point and Redland Bay around 10% growth.
In the Brisbane region, results were mixed, but improved compared to the surrounding regions in areas like Bulimba, New Farm, St Lucia, Indooroopilly and Yeronga.
On the Gold Coast results were largely average in areas like Southport and Mermaid Beach around 30%.
As we enter NSW results start to pick up.
Strong results in Northern NSW like Byron Bay, Lennox Head with growth around 90% and 48% respectively.
Really strong results around Forster (48%) and Blueys Beach with growth over 153%.
The Sydney region and surrounds generally experienced strong growth.
Nelson Bay, Bar Beach, Terrigal, Umina Beach, Manly (87%), Mosman, Bondi (82%), Kurnell (82%), Austinmer, Shellharbour, Kiama and Huskisson (72%) all had growth above 50%.
Batemans Bay and Tura Beach performed averagely with ground above 35%.
We now enter Victoria with most suburbs surpassing 50% over the last 10 years.
Areas like Inverloch (49%), Mornington (67%), Frankston (64%), St Kilda (106%), Point Cook (47%), Geelong (67%) and Torquay (57%).
Many of these suburbs are in line with many of Sydney regions results.
We finish in Warrnambool with average growth just above 20%.
What can we learn from these figures?
Basically NSW and VIC have largely outperformed QLD in the past 10 years.
Each suburb will have differing factors personally affecting the performance, which is really down to supply and demand.
We can assume the poor performing North QLD suburbs have had impacts from various economic and demographic factors.
I would hypothesise industries like mining, agriculture and tourism to name a few have affected demand and subsequent supply.
It’s interesting to note that many of the best performing suburbs have a strong reputation and desirability factor.
Areas like Noosa Heads, Byron Bay, Bar Beach by Newcastle, Manly, Bondi, St Kilda and Torquay.”
Summary of locations on the map in the video.
Port Douglas 35.5%
Cairns North 29%
South Townsville -10.2%
Rainbow Beach 11%
Noosa Heads 70.6%
Shelly Beach 50.9%
Deception Bay 10.9%
New Farm 50.6%
St Lucia 38.7%
Victoria Point 10.8%
Redland Bay 11.7%
Surfers Paradise 3.5%
Mermaid Beach 31.4%
Byron Bay 94.3%
Lennox Head 49.2%
Coffs Harbour 38.3%
Port Macquarie 41.4%
Blueys Beach 158.5%
Nelson Bay 53.1%
Bar Beach 145.4%
Umina Beach 72.1%
Batemans Bay 37.8%
Tura Beach 46.5%
Golden Beach 107.2%
St Kilda 106.4%
Point Cook 47.2%