Ceduna among Australia’s most affordable beachside suburbs as pandemic relocation trend continues

A remote town on the edge of the Nullarbor has emerged as a popular destination for city leavers and one of the most affordable beachside suburbs in the country.

According to housing analyst Core Logic Australia, the town of Ceduna, which is eight hours west from Adelaide and has a population of about 2,000, is the second most affordable beachside suburb in Australia.

It has a median house price of $254,275 — an increase of 7.2 per cent on the previous 12 months.

But Ceduna rentals are in short supply, as 20-year-old retail worker Shaniece Mulloy discovered when she accepted a six-week work placement in the coastal town during 2022.

“I found it extremely hard to find housing,” Ms Mulloy said.

“It was extremely difficult to find anything close to my job that wasn’t overly expensive. An apartment out here is still $350 to $400 a week.”

Shaniece Mulloy moved to Ceduna from Adelaide as a 19 year old to pursue a regional lifestyle.(Suppleid: Shaniece Mulloy)

Fortunately for Ms Mulloy, who decided to stay on after her initial work placement, her parents stepped in and bought an investment property for her to rent.

SA with most affordable beachside homes

According to Core Logic’s research on coastal beachside markets released Thursday, the most affordable beachside suburb in the country was Port Pirie West, which is also in South Australia. 

The Mid North’s town’s median dwelling price is $187,602, an 11.5-per cent increase in value on the previous 12 months.

The third most affordable beachside market, also in SA, was Whyalla, where the median dwelling price was $258,688, an increase of 12.6 per cent.

The annual Oysterfest in Ceduna attracts up to 6,000 people.(Supplied)

Core Logic research director Tim Lawless described Ceduna as a “hidden gem” for people seeking affordable coastal housing.

“It’s considered to be the oyster capital of Australia, has a regional airport and is close to major working nodes at the ports and various other industries,” he said.

It comes after the Regional Australia Institute identified the far west SA town as a hotspot for city leavers. 

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button