Golden Beach is a beautiful coastal town in Victoria, Australia. It’s known for its stunning beaches, relaxed atmosphere, and affordable property prices. But why is Golden Beach so cheap?
With a median house price of $392,00, it’s one of the cheapest beach towns in Australia. And the property prices are up 9.9% in the past year.
But not many will deem it the best place to live in Victoria. Let’s explore why.
The local council has acquired privately owned land
The Victorian government, specifically the Department of Environment, Land, Water and Planning (DELWP), is undertaking a compulsory acquisition program for undevelopable land parcels in the Ninety Mile Beach region, which includes Golden Beach and Paradise Beach.
This program follows an investigation by the Victorian Ombudsman in 2019, which highlighted issues with the original subdivision like flood risk, lack of essential services, and environmental sensitivity.
This is definitely something home buyers should be aware of before buying land along the Ninety Mile Beach.
The program creates uncertainty for potential buyers who might be concerned about the future of the area, especially if the land they’re interested in is close to areas earmarked for acquisition. This can make it harder to sell these properties, leading to lower asking prices.
It’s not very central
First, Golden Beach is located in the South Gippsland region of Victoria, which is about 2 hours drive from Melbourne. According to a Portland real estate agent, this is a deterrent for buyers as it makes it less accessible than other coastal towns that are closer to the city.
It’s a small town
Second, Golden Beach is a small town with a population of under 500 people. This means that there is less demand for property in the town, which drives down prices.
There are also few developments in terms of new housing or apartments, which shows that there is not much demand. Coastal land is still readily available, meaning the demand is not meeting the supply. That’s why it’s one of the cheapest Victoria coastal towns.
It has fewer conveniences
Third, Golden Beach does not have as many amenities as other coastal towns. There is no hospital, no cinema, and no major shopping center. This can be a drawback for some people, but it also means that property prices are lower.
It’s chilly for a beach town
Finally, Golden Beach has a temperate climate, with warm summers and cool winters. This can be a downside for some people who prefer warmer weather, but it also means that property prices are lower. So, if you’re looking for cheap beach houses for sale in Victoria, Golden Beach should be at the top of your list!
But we think it’s worth checking out
Despite these minor drawbacks, Golden Beach is a great place to live. It’s a quiet and peaceful town with a friendly community. The beaches are stunning, and there are plenty of things to do in the area, such as hiking, fishing, and camping. And, of course, the property prices are very affordable. If you’re on the hunt for a beachfront property for sale under $200,000 or under $300,000, Golden Beach might have it.
So, if you’re looking for a coastal town with a relaxed atmosphere and a great value for your money, then the town is definitely worth considering.
In terms of others affordable Victorian coastal towns, check out Portland and Lakes Entrance.
Some cool things to do in Golden Beach
Here are some of the things you can do in Golden Beach:
- Visit the Gippsland Lakes Coastal Park, which has stunning beaches, dunes, and forests.
- Go surfing or fishing on Ninety Mile Beach.
- Take a walk along Paradise Beach, which is a beautiful stretch of sand with calm waters.
- Drive along Golden Beach Road, which is a scenic route that takes you past the town’s many beaches and parks.
- Visit the Loch Sport National Park, which has a variety of hiking trails and stunning views of the ocean.
- Go shopping in the town’s central strip, which has a variety of stores, cafes, and restaurants.
- Play a round of golf at the town’s golf course.
- Take a walk along Shoreline Drive, which is a scenic route that takes you past the town’s many beaches and parks.
- Visit Lake Reeve, which is a beautiful lake with plenty of opportunities for swimming, boating, and fishing.
- Go camping at one of the many campgrounds in the area.
- Visit the Trinculo shipwreck, which is a historic shipwreck that is located off the coast of Golden Beach.
- Take a walk along the wide boulevard that runs through the town center.
Land and houses for sale in Golden Beach Victoria
To give you some ideas about real estate in Golden Beach, here are some houses for sale and land for sale in the suburb.
$155,000 – 7 Haven Way, Golden Beach, VIC, 3851, Australia
Nestled in the picturesque Golden Beach, VIC, the land at 7 Haven Way offers a rare double block spanning 1217 m². This premium parcel presents a unique opportunity to create your dream development with the flexibility to design a layout that perfectly suits your needs.
Situated just moments from the stunning 90 Mile Beach, the property promises an idyllic lifestyle with easy beach access. Ideal for those looking to build their dream home or investors seeking a valuable addition to their portfolio, this land embodies potential and promises a blend of tranquil living and convenience.
$459,000 – 3 Sea Breeze Avenue, Golden Beach, VIC, 3851, Australia
A superb 2-bedroom house awaits you in an unbeatable central location, just a stone’s throw away from the shops and the beach. You can start enjoying your beach lifestyle right away!
Situated at the back of the block, this charming house offers more privacy than your average property, making it an ideal retreat for a peaceful getaway.
Inside, the house is well-maintained and features a functional kitchen, a combined bathroom and laundry, and even a convenient carport to keep your vehicle protected from the elements.
If you’ve never been to this charming suburb before, get ready to fall head over heels for it! And when you do, be sure to check out this beauty – it’s a real gem waiting to be discovered. Don’t miss your chance to own a slice of paradise in this idyllic location.
$675,000 – 60-62 Sea Breeze Avenue, Golden Beach, VIC, 3851, Australia
This magnificent property presents an irresistible opportunity to live the coveted coastal lifestyle, with natural surroundings and the beautiful 90-mile beach just a short stroll away. With its charming facade, front and rear verandahs, and lush, well-established gardens, this property exudes a welcoming and inviting atmosphere, perfect for your dream lifestyle.
The interior of this home boasts abundant natural light, high ceilings, and a family-friendly, open floor plan with multiple living areas, providing an ideal space for family living. The generous layout of this property makes it a perfect permanent residence or an ideal beach house for spending the summer with family and friends.
Check out more real estate in Golden Beach VIC.
Does Golden Beach have town water?
Yes, Golden Beach has town water. The town is serviced by a reticulated water system, which means that all homes and businesses have access to clean, safe drinking water.
How much is a beach house?
The cost of a beach house in Golden Beach varies depending on the size, location, and condition of the property. However, the median house price in Golden Beach is $360,000.
What are the cons of a beach house?
There are a few potential cons to owning a beach house. One is that beach houses can be more expensive to maintain than homes in other parts of town. This is because they’re more likely to be exposed to the elements, such as salt water and sand, which can damage the exterior and interior of the home.
Is beach house worth investment?
Whether or not a beach house is a good investment depends on a number of factors, such as the location of the property, the condition of the property, and the amount of money you are willing to invest.
In general, beach houses can be a good investment if you are looking for a property that you can enjoy for yourself and your family, and if you are willing to put in the time and effort to maintain the property. However, if you are looking for a property that you can flip for a profit, then a beach house may not be the best investment.
