The dream of owning a beach house is still within reach along Victoria’s southwest coast and Gippsland.
Waterfront houses with prized foreshore access are fetching as little as $310,000 in some areas.
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The figure is even less if buyers are prepared to walk a few minutes before dipping their toes in the water.
A Sunday Herald Sun analysis shows a three-bedroom cabin at Bolwarra — just north of Portland — is the cheapest beachfront home on the market statewide.
The 342 Dutton Way property, on a 99-year-lease at a holiday park, has an asking price of just $309,900.
“You don’t get too many like that,” Assets Real Estate Portland’s Kevin Hughes said.
Figures from realestate.com.au show the southwest is a hotspot for savvy buyers trying to snare a beach house.
An influx of Melbourne-based buyers was turning to the region amid rising city prices over recent years, and there are more local jobs than many other cheap beach towns.
Portland boasted a median house price of just $234,500.
Nelson near the SA border and Allansford east of Warrnambool have homes typically priced around $325,000.
“If there’s something driving the local economy, they might be worth looking at as a potential growth area,” realestate.com.au chief economist Nerida Conisbee said.
“(But) the idea of getting cheap waterfront homes is pretty much gone anywhere close to Melbourne.”
But if a bargain getaway is all you’re after, Victoria’s east is home to seven of the state’s cheapest seaside towns by median house price.
They included Toora and Walkerville where the median house price was just $227,500 and $248,500 respectively.
Venus Bay, Loch Sport, Lakes Entrance, Lake Tyers Beach and Foster also made the list.
Buyers wanting to live out their beach fairytale closer to Melbourne needed to stump up a lot more cash.
The foreshore between Bonbeach to Chelsea was a prized location with about 70 of homes boasting beach access.
Asset Property’s Mike Joy said most had multimillion-dollar asking prices.
“It is the hotspot for beachfront,” Mr Joy said.
“There are very few other areas where you get them.”
It last sold for $225,000 in 2015.
Sue and Danny Brigham and their dog Molly have lived the dream at 24B Camp St, Chelsea for the past five years.
With striking sunsets, dolphin sightings, and the perfect spot for a swim or to walk the dog on their doorstep, it brought new meaning to the term beach house, Ms Brigham said.
“The view is like having a painting on your wall that’s changing all day,” she said.
The pair is selling the home with $1.985-$2.16 million in mind. It topped $1.3 million in 2013.
10 CHEAPEST BEACH TOWNS
Toora — $227,500
Portland — $234,500
Walkerville — $248,500
Venus Bay — $285,000
Loch Sport — $300,000
Lakes Entrance — $303,000
Lake Tyers Beach — $303,500
Foster — $310,000
Allansford — $325,000
Nelson — $327,000
Median house price. Source: realestate.com.au