A shore thing as prices plummet for beach boxes battered by erosion

Imagine investing more than $100,000 on an iconic Victorian beach box only for the beach to disappear from under it, washing the value of the property away like sandcastles.

Beach boxes exposed to the sea at Mount Martha North.

This is exactly what is happening to owners of about 110 boxes on Mount Martha Beach North on the Mornington Peninsula.

The colourful beach boxes once sold for $100,000 plus, but since severe erosion washed away the shore over the last decade, prices have sometimes halved, with declines worsening the further up the beach you go.

Winter tides have led to sand loss and the beach boxes have slowly been worn away by the sea.

Read Chloe Booker’s story from today’s Age - “A shore thing as prices plummet for beach boxes battered by erosion.”

(Not a word about the impending threat from sea level rise brought about by climate change - Robert McLean)