Anyone wanting to downsize can still move to the coast for under $1 million.
Property Credit has released its Affordable Coastal Havens report, with several towns on the Bellarine Peninsula making the Top 50 list.
While there is no change in the budget for a home in Ocean Grove for beachside downsizing, Clifton Springs homes are selling for just under $700,000.
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Those wanting to find a smaller home can also buy in St Leonards for around $774,000.