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5 Victorian Coastal Towns Where You Can Buy a Home Under $200 000

May 12, 2023
Victorian Coastal Towns

Key takeaways:

  • Lakes Entrance and Golden Beach are some of Victoria’s most affordable coastal areas.
  • In some of these suburbs, you can buy a 2-bedroom home for under $350,00.
  • The cheapest beach towns in Australia can be found in NT.

Calling all aspiring homeowners and shore lovers! If you’ve been dreaming of owning a slice of paradise along the stunning Victorian coastline, we have exciting news for you. In this article, we’ll unveil five Victorian coastal towns where you can turn your homeownership dreams into reality for under $200,000.

From the shimmering beaches of Golden Beach to the historic charm of Portland, these towns offer an irresistible combination of affordability, natural beauty, and rich maritime history.

So, grab your sunhat, pack your sense of adventure, and let’s explore these coastal havens where you can find cheap beach houses for sale in Victoria without breaking the bank. It’s time to dive into the local property market and discover the perfect spot to call home along the stunning coast.

1. Windsor

Victorian Coastal Towns

Apartment for sale in Windsor VIC

Median house price: $1,500,000

Median unit price: $537,500

While Windsor might not be located in the cheapest Victorian coastal town, if you’re lucky, you can still snag a one-bedroom unit for under $150,000! Because it’s in Melbourne, its location is unbeatable location. Windsor is a highly sought-after residential destination in Victoria.

One of the major highlights of Windsor is its close proximity to Chapel Street, the bustling town centre known for its trendy boutiques, diverse dining options, and vibrant nightlife. This popular hub makes Windsor an ideal spot for shopping enthusiasts and foodies alike, offering a range of experiences that cater to different tastes and budgets.

Nature lovers will enjoy the presence of beautiful parks and green spaces like Windsor Siding Reserve and Victoria Gardens, perfect for relaxing strolls, picnics, and outdoor activities. The local gem, Windsor Castle Hotel, adds to the suburb’s charm, combining history, entertainment, and a vibrant social scene.

Discover more real estate in Windsor VIC.

Portland

Victorian Coastal Towns

Apartment for sale in Portland VIC

Median house price: $447,000

Median unit price: $299,000

Nestled on the shores of the beautiful Portland Bay, this vibrant community offers a relaxed and laid-back lifestyle combined with a rich maritime history.

One of the major highlights of Portland is its stunning beaches, perfect for swimming, sunbathing, and enjoying a wide range of water activities. Golden Beach, in particular, is a local gem known for its golden sands and crystal-clear waters, making it an idyllic spot for beach lovers.

Portland’s historic town center is another noteworthy feature, with its well-preserved buildings and fascinating maritime heritage. Take a stroll along the waterfront and discover the remnants of the town’s seafaring past, including the Portland Maritime Discovery Centre. This interactive museum offers a captivating insight into the region’s maritime history and is a must-stop destination for history buffs.

Nature enthusiasts will delight in the abundance of natural attractions surrounding Portland. From the picturesque Cape Nelson State Park to the breathtaking beauty of the Great Ocean Road, there are endless opportunities for outdoor adventures, nature walks, and breathtaking coastal scenery.

Discover more real estate in Portland VIC.

Ocean Grove

Victorian Coastal Towns

Unit for sale in Ocean Grove VIC

Median house price: $1,150,000

Median unit price: $880,000

Embrace the laid-back coastal lifestyle, soak up the natural beauty, and discover the property gems in Ocean Grove, one of the most affordable Victorian coastal towns. It’s a place where you can find your own slice of paradise along Victoria’s stunning coastline.

A picturesque coastal town nestled on the Bellarine Peninsula, Ocean Grove offers a desirable lifestyle for those seeking a coastal retreat.

While Ocean Grove is not considered a cheap suburb, it presents opportunities for property deals in the competitive real estate market. The median house price reflects the desirability of the area, but if you add Ocean Grove to your interested areas on your Soho match profile, you can still find affordable options that align with your budget.

The stunning beaches of Ocean Grove are a major drawcard for both locals and visitors alike. With pristine sands and turquoise waters, they provide the perfect backdrop for swimming, surfing, and beachside picnics. The ocean views and coastal breezes add to the overall appeal of living in this vibrant seaside community.

Beyond the beach, Ocean Grove offers a range of recreational activities, including golf courses, nature reserves, and walking trails. You can also explore the nearby coastal towns and wineries of the Bellarine Peninsula, adding to the charm and appeal of the region.

While property prices in Ocean Grove may not fall within the category of cheap, the potential for property deals still exists. With thorough research and the assistance of a knowledgeable real estate agent, you can find opportunities to make your dream of living in this desirable coastal town a reality.

Discover more real estate in Ocean Grove VIC.

Lakes Entrance

Victorian Coastal Towns

House for sale in Lakes Entrance VIC

Median house price: $515,000

Median unit price: $380,000

Now, if you’re on the hunt for Victorian coastal towns that are budget-friendly, Lakes Entrance should be at the top of your list. It has some of the most affordable real estate on the Victorian coast.

Situated at the entrance to the Gippsland Lakes, the largest inland waterway system in Australia, Lakes Entrance is a paradise for water lovers. Boasting picturesque lakes, rivers, and the majestic Ninety Mile Beach, this coastal town offers endless opportunities for boating, fishing, and water sports. Whether you’re casting a line for a prized catch, kayaking through serene waterways, or simply enjoying a leisurely swim, Lakes Entrance is a haven for those seeking a waterfront escape.

The town center of Lakes Entrance exudes a relaxed and friendly atmosphere, with a range of shops, cafes, and restaurants lining the streets. Indulge in fresh local seafood, browse unique boutiques, or simply unwind with a stroll along the Esplanade, where you can take in panoramic views of the lakes and the vast expanse of the Southern Ocean.

Lakes Entrance is also a gateway to the diverse natural wonders of East Gippsland. Discover the beauty of the nearby Gippsland Lakes Coastal Park, where coastal heathlands, wetlands, and dunes provide a rich habitat for native flora and fauna. Embark on nature walks, birdwatching adventures, or simply immerse yourself in the peaceful serenity of the surrounding natural landscapes.

Discover more real estate in Lakes Entrance VIC.

Dromana

Victorian Coastal Towns

House for sale in Dromana VIC

Median house price: $1,110,000

Median unit price: $752,500

Dromana is another one of the Victorian coastal towns where the property prices are a little on the higher side but if you’re lucky, you can score an apartment or villa under $250,000.

Dromana offers a coastal lifestyle that is hard to resist. Embrace the beauty of the Mornington Peninsula, indulge in the local delights, and create lasting memories in this idyllic seaside town.

One of the highlights of living in Dromana is, of course, its beautiful beaches. From the golden sands of Dromana Beach to the serene waters of Safety Beach, there are plenty of spots to swim, sunbathe, and enjoy water activities. The town center of Dromana is also bustling with activity, offering a range of boutique shops, cafes, and restaurants where you can indulge in delicious local cuisine and soak up the vibrant atmosphere.

Whether you’re seeking a sea change, a weekend getaway, or a peaceful retirement destination, Dromana offers a coastal lifestyle that is hard to resist. Embrace the beauty of the Mornington Peninsula, indulge in the local delights, and create lasting memories in this idyllic seaside town.

Discover more real estate in Dromana VIC.

More on affordable Victorian coastal towns

What are the most affordable beach suburbs in Victoria?

The most affordable beach suburbs in Victoria are:

  • Golden Beach
  • Portland
  • Ocean Grove

The median house price in these suburbs ranges from $200,000 to $450,000. These suburbs are all located within close proximity to the ocean and offer a variety of amenities, including beaches, parks, and shops.

If you are looking for an affordable beachside lifestyle, these are still some of the best places to live in Victoria. They offer great value for money and are a lovely place to call home.

Where is the cheapest beach town in Australia?

The cheapest beach town in Australia is in the Northern Territory. The median price for houses in the Northern Territory is $350,000, which is significantly lower than the median house price in other coastal states.

If you’re looking for cheap beach houses for rent in Victoria, you can check out suburbs like Venus Bay and Ocean Grove.

Where is the cheapest waterfront land in Australia?

The cheapest waterfront land in Australia is in the Northern Territory. The median price of waterfront land in the Northern Territory is $250,000, which is significantly lower than the median price of waterfront land in other states.

Dundee Beach, for example, has a median price of around $275,000 for houses.

Why is Golden Beach so cheap?

Golden Beach is so cheap because it is located in a relatively remote area. Golden Beach is about a 3 hour drive from Melbourne, and it is not well-served by public transport. Additionally, Golden Beach is not a major tourist destination, so there are not as many amenities available as in other coastal suburbs.

But if you like the quieter life, this could be of interest to you. It offers more space for less compared to towns closer to Melbourne.

Soho
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