Australia markets closed

    +20.80 (+0.28%)

    -0.0055 (-0.79%)
  • ASX 200

    +19.40 (+0.27%)
  • OIL

    -1.54 (-1.39%)
  • GOLD

    -4.60 (-0.25%)

    -448.75 (-1.03%)
  • CMC Crypto 200

    -14.93 (-2.19%)

A look inside the luxury Aussie beach house that could sell for $5m

·Contributing editor
Luxury beach house revealed. Source: 7News Australia/Getty Images
Luxury beach house revealed. Source: 7News Australia/Getty Images

It’s been called Australia’s best beach house, and for a cool $5 million it could be yours.

The sprawling property is perched on 12-acres of land, on top of a cliff overlooking Kangaroo Island’s pristine waters in South Australia.

And if that’s not enough, it even comes with your own 365-metre private beach.

It has six bedrooms, multiple living spaces and two cellars.

Plummeting prices in Australia’s property prices could mean those once-out-of-reach beach and waterfront properties such as this one are suddenly in your budget.

In January, data revealed that in Sydney, beach suburbs and those close to the ocean and harbour have become the most sought after in the country.

This is a trend which we could see country-wide.

The surge in interest comes at the same time as buying activity drops, thanks to restricted lending from cautious banks.

Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.

Now read: The Aussie dollar has surged: here’s why

Now read: Delete these 8 words from your resume immediately

Now read: How Trump’s ‘wall’ could actually be built

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting