Where to Find Waterfront Apartments Under $1 Million in Australia

The assumption that coastal property in Australia requires a seven-figure budget is increasingly outdated.

While premium beachfront addresses in Sydney's northern beaches or the Gold Coast's most sought-after precincts have moved well beyond $1 million for most configurations, a new generation of waterfront and coastal apartment developments is offering genuine water proximity at price points that the established market left behind years ago.

For buyers who want to wake up near the water without the price tag that has historically come with it, here is every current Coposit listing that delivers coastal or waterfront living from under $1 million.

Solis at Harbour Shores | Biggera Waters, Gold Coast QLD

From $788,000 | $10,000 upfront | $791 x 87 weeks | Completion Q2 2028

Biggera Waters sits on the northern Gold Coast waterway system, where the Broadwater meets a network of canals that give the suburb its distinctly coastal character without the tourist density of Surfers Paradise or the premium pricing of Broadbeach.

Solis at Harbour Shores at 528-564 Oxley Drive sits directly on the water, offering apartment living with genuine waterway access, marina views, and the broader Gold Coast lifestyle at a price point that the southern Gold Coast addresses no longer provide.

The Gold Coast unit market is forecast to grow 7% over FY2027. At $788,000 entry with $10,000 upfront through Coposit, Solis at Harbour Shores represents one of the most accessible entry points into the Gold Coast waterfront market currently available.

View Solis at Harbour Shores | Biggera Waters QLD | Secure with $10k deposit and $791 x 87 weeks

Bolo Deception Bay | Deception Bay QLD

From $799,000 | $15,000 upfront | $1,546 x 42 weeks

Deception Bay sits on Moreton Bay approximately 50 kilometres north of Brisbane, offering bayside living in the growth corridor between Brisbane and the Sunshine Coast. Protected waters, a genuine coastal community character, and price points that the rest of the Queensland coastal market has largely moved beyond.

At $799,000 entry, Bolo Deception Bay is the most accessible price point of any coastal or waterfront listing currently available through Coposit nationally. For buyers whose priority is water access at the lowest possible entry cost, this is the listing that delivers it.

View Bolo Deception Bay | Deception Bay QLD | Secure with $15k deposit and $1,967 x 33 weeks

Anchorage | Sandstone Point QLD

From $850,000 | $20,000 upfront | $1,355 x 48 weeks

Sandstone Point sits on the Pumicestone Passage between Bribie Island and the mainland -- one of Queensland's most protected and scenic waterways. The Pumicestone Passage offers calm water access, abundant wildlife, and a genuine sense of being somewhere removed from the city without the distance of a true regional location.

The suburb has traditionally been a holiday and weekend destination. That is shifting as permanent buyers discover what the Pumicestone Passage lifestyle offers at price points the broader coastal market no longer provides.

View Anchorage | Sandstone Point QLD | Secure with $20k and $1,625 x 40 weeks

Sanctuary Summit and Ridge | Wentworth Point NSW

From $846,000 | $21,000 upfront | $221 x 96 weeks | Completion Q3 2028

Wentworth Point sits on a peninsula surrounded by the Parramatta River and Homebush Bay, approximately 12 kilometres from the Sydney CBD. Three sides of water. Riverfront walking and cycling paths. Olympic Park directly across the bay.

At $221 per week over 96 weeks, Sanctuary Summit and Ridge has one of the lowest weekly instalments amounts of any current Coposit listing nationally -- making it one of the most financially accessible waterfront options available in Sydney at any price point.

For Sydney buyers who want genuine water proximity within 15 minutes of the CBD, Wentworth Point delivers something the established waterfront suburbs of Drummoyne, Meadowbank, and Rhodes charge significantly more for.

View Sanctuary Summit and Ridge | Wentworth Point NSW | Secure with $21k and $221 x 96 weeks

Rhodes Bay | Rhodes NSW

From $870,000 | $10,000 upfront | $762 x 44 weeks | Completion Q1 2028

Rhodes sits on a peninsula on the Parramatta River, approximately 16 kilometres from the Sydney CBD. One of Sydney's most liveable waterfront communities -- a master planned precinct with riverfront dining, retail, cycling paths, and ferry access that connects residents to the broader river corridor.

Rhodes Bay at 25-27 Leeds Street offers apartments with river views and direct access to the waterfront lifestyle that has made Rhodes one of Sydney's most sought-after mid-ring addresses. At $870,000 entry with $10,000 upfront through Coposit, it represents an accessible entry point into a suburb where established stock trades at a significant premium.

At 44 weeks, Rhodes Bay has one of the shorter instalment periods in the current NSW listings -- suited to buyers who want to move to settlement relatively quickly.

View Rhodes Bay | Rhodes NSW | Secure with $10k and $762 x 44 weeks

Harbour Sorrento | Sorrento WA

From $900,000 | $25,000 upfront | $748 x 87 weeks | Completion Q2 2028

Sorrento is one of Perth's most prestigious coastal addresses, positioned on the Marmion Marine Park coastline with Hillarys Boat Harbour directly opposite. 83 premium residences. One, two, and three-bedroom apartments and penthouses.

At $900,000 entry, Harbour Sorrento is the only listing in this guide that places buyers in an established prestige coastal suburb at under $1 million. The supply constraint is built in from the beginning, 83 residences in a suburb where new development is genuinely uncommon.

View Harbour Sorrento | Sorrento WA | Secure with $25k and $748 x 87 weeks

How to Choose Between These Projects

Six projects. Three states. Price points from $788,000 to $925,000. A few questions worth considering:

Ocean or waterway? Harlyn and Harbour Sorrento offer Indian Ocean access. Solis, Bolo, Anchorage, Sanctuary, and Rhodes Bay offer waterway or bay lifestyle -- typically quieter, more community-oriented, and more sheltered than open ocean frontage.

How long do you need to build your deposit? Sanctuary's 96 weeks is the longest. Rhodes Bay's 44 weeks is the most compact. Bolo's 42 weeks is the shortest.

Are you buying to live in or invest? All seven have genuine rental demand from the lifestyle they offer. Solis and Rhodes Bay have the strongest professional rental markets. Bolo and Anchorage have the strongest growth corridor fundamentals.

What is your weekly instalment capacity? Sanctuary at $221 per week is the most financially accessible. Bolo at $1,546 per week is the most concentrated over its short 42-week period.

For renters who are watching these coastal developments and wondering whether ownership is achievable, Unrent by Coposit is now live -- a model where weekly rent payments accumulate toward a deposit. Find out if you are eligible at unrent.coposit.com.au/eligibility.

Browse all current coastal and waterfront listings on the Coposit projects page, download the app, or contact the team to understand which project and instalment structure suits your situation.