Melbourne is a vibrant city that offers an array of attractions and lifestyle options to residents and tourists alike. The city’s beachfront properties are some of the most sought-after in the region, providing a mix of privacy, luxury, and convenience.
Beachfront houses in Melbourne are a haven of beauty, elegance and offer unparalleled views of the ocean. The location puts you in close proximity to high-end amenities like top-rated restaurants, cafes, entertainment and leisure activities, and more. Additionally, the properties are within reach to good schools, public transport, and shopping districts. The combination of these features makes Melbourne’s beachfront properties an attractive option for anyone looking for prime real estate.
The Benefits of Owning a Beachfront Property in Melbourne
The benefits of purchasing a beachfront property in Melbourne are numerous. For one, these properties offer privacy and seclusion, providing you with a place to relax and unwind whenever you need a break. The sound of waves crashing against the shore, the refreshing sea breeze and panoramic views of the ocean increase mindfulness and create calmness, adding immense value to your overall well-being.
Another benefit of owning beachfront property in Melbourne is the excellent long-term investment. Melbourne’s coastal properties are considered premium real estate, which means their value appreciates over time. As demand for quality beachfront real estate increases, buyers can be assured of a solid return on investment in the future. In particular, rising demand of waterfront properties’ means one thing: capital growth, translating to increased investment value of your property.
What to Consider When Buying Beachfront Property in Melbourne
How do you find the right beachfront property in Melbourne that meets your requirements? Here are a few essential factors to keep in mind:
Location Matters
The prime location of the beachfront property determines the overall cost and value of the property. Whether you are buying as an investment or primary residence, the location should be close to essential amenities, convenient to access, and desirable.
The Property Condition
Consider the condition of the property before investing. Are there any faults or defects that need fixing? How much will it cost to make the repairs? Get an independent inspector to assess the condition of the property before committing to payment.
Price and Affordability
Beachfront properties can be costly. Choose a property that is within your budget and financial capacity. Seek advice from professional real estate agents to understand the market trends and make an informed decision.
Neighbourhood Curations
As a potential beachfront homeowner, it’s essential to assess neighbouring properties and have an understanding of the neighbourhood’s overall vibe. You want to ensure that the charm and calm of your accomodation is not shattered or invaded by noisy neighbours.
FAQs
Can Foreigners Buy Beachfront Property in Melbourne?
Yes, foreigners are eligible to purchase and own beachfront properties in Melbourne. However, foreign purchasers need to get approval from the FIRB (Foreign Investment Review Board) before purchasing a property.
What are the additional costs involved when purchasing a beachfront property?
Additional costs many of which vary according to the property and location, include stamp duty, legal fees, as well as inspection and conveyancing costs. It’s essential to account for these costs when planning to purchase a beachfront property in Melbourne.
What are some tips for getting the right deal when purchasing a beachfront property?
When buying a beachfront property, it’s best to work with reputable and professional real estate agents like Maz Real Estate. Maz Real Estate is an established agency that offers a wide variety of quality listings, provides expert advice on the process, and negotiates the purchase to ensure you get the best deal on the property you want to acquire. You might also consider alternative off market opportunities, which can offer competitive pricing advantages.
Conclusion
Beachfront properties in Melbourne offer a great opportunity for those who desire a luxury lifestyle and unbeatable views of the ocean. Despite the high cost, its long-term investment value and proximity to lifestyle amenities makes it a low-risk and high-reward investment opportunity. Working with an experienced and professional real estate agent ensures the entire purchasing process is seamless, and you get the right property deal that meets your preferences and budget. If you’re considering a purchase of a beachfront property in Melbourne, check out the Guide to Buying a House in Melbourne to get started.
