Are you dreaming of a beachside escape but worried about the cost? Don't miss out on these four hidden gems along Victoria's coastline, offering stunning views and affordable prices. But here's where it gets controversial... While these towns are a steal, they might not be the first choice for those seeking the glitz and glamour of more popular coastal destinations. So, if you're ready to venture off the beaten path, let's dive into these overlooked Victorian beach towns that won't break the bank!
Port Fairy: A Historical Gem
Port Fairy, nestled on the banks of the Moyne River, is a four-hour drive from Melbourne's hustle and bustle. This charming town boasts a rich history, a thriving creative community, and a foodie's paradise. The annual four-day folk festival is a highlight for many. However, the real estate market here is a bit of a tightrope walk for first-time buyers. While the median house price is $857,000, it's a 30.6% increase over five years, and 'really good houses' in the town center can fetch up to $1.5 million. So, if you're a first-time buyer, you might need to be strategic in your search.
Portland: A Maritime Haven
Head west to the far coast, and you'll find Portland, a maritime town with a dozen beaches and some of Victoria's best surf spots. It's a four-and-a-half-hour drive from Melbourne, offering a range of employment options, from Alcoa's smelter to forestry and agriculture. The median house price is $415,000, a 45.6% increase over five years. Portland's charm lies in its affordability and the lifestyle it offers. A three-bedroom house that sold for $280,000 in 2018 is now worth high $400,000s to mid-$500,000s, and you can rent it for $450 a week. It's a win-win for those seeking a peaceful coastal life.
Venus Bay: A Hidden Treasure
Venus Bay, a coastal hamlet, is a hidden gem with a median house price of $507,500, 8.6% lower than a year ago but a 41.3% increase over five years. The town has a creative, artistic community and a range of sports and leisure activities. The real estate market here is attracting Melbourne buyers seeking holiday homes, but lately, 95% of buyers have been owner-occupiers. So, if you're looking for a place to call home, Venus Bay might be the perfect spot.
Lakes Entrance: A Family-Friendly Escape
Lakes Entrance, a four-hour drive east of Melbourne, is a family-friendly destination with a median house price of $507,500. It's at the end of Ninety Mile Beach, offering easy access to the Southern Ocean and a network of inland waterways. The town's charm lies in its untouched beauty and affordability. While it might be further from the Mornington Peninsula, you can buy something here for less than half the price. So, if you're seeking a peaceful beachside retreat, Lakes Entrance is the perfect choice.
These four Victorian beach towns offer a unique blend of affordability, charm, and lifestyle. While they might not be the most popular destinations, they provide an opportunity to escape the hustle and bustle of city life without breaking the bank. So, are you ready to explore these hidden gems and find your perfect coastal retreat?
