Beach properties test new highs

Property punters who put money into undeveloped coastal land in recent years have reason to feel rather chuffed with themselves. Prime land values have generally doubled over the past two to three years in many coastal cities and resort towns, whether that's in Clifton or Cape St Francis.

And most industry players expect coastal land prices to continue to outpace general house price growth over the next few years as undeveloped land with good beach access and views becomes increasingly scarce.

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