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Beach house on a budget, is there really such a thing? The holidays are over and it’s time to head back to the chaos of Sydney and back to work. A depressing thought for many of us as we dream of a quieter life by the sea.
Many Sydney siders are now realising the dream of a seachange is not out of the question if you look in the right places. A weekend holiday retreat or an investment property that will one day become a post retirement home close to the beach can be a lot cheaper than most of us would expect.
There are many beachside towns, within a 3 hour drive of Sydney, that have a median house price of less than $400,000.
In places like Nabiac, which is a 3 hour drive North of Sydney, you can purchase a 4 bedroom, brick veneer home with inground swimming pool for $350,000. If your looking to go south, beautiful Sanctuary Point can offer a newly renovated 3 bedroom house for just $365,000.
These homes are a fraction of the average Sydney house price, which is now over $750,000, and with the sun and surf and promise of a more relaxed life, smart buyers are jumping at the chance to secure their beach house on a budget.
The rising cost of living in Sydney, has forced many people to head up and down the coast in the search of more affordable living. As a result, rental properties are in high demand and rental returns for many of these small seaside towns are as high as 7%.
According to Domain, the 10 cheapest beachside towns within 3 hours of Sydney are:
1) Nabiac
2) Old Erowal Bay
3) Nowra4) Sanctuary point
5) Bomaderry
6) Basin View
7) Berrara
8) Hawks Nest
9) West Nowra
10) Smiths Lake
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