Beachlocked: half price if you like hiking AT first blush it ticks every box. A clean, modest cottage that reeks of nostalgia, it even has the homely smell of grandma's. Smack-bang at the beach with spectacular views of the surf. And half the price of the cheapest nearby multi-million-dollar properties of Palm Beach on the Gold Coast. There is one major snag - and for most buyers it is a deal-killer. Of almost 400 absolute beachfront houses between Surfers Paradise and the NSW border, this joint - little changed since it was built in the 1950s - has the strange distinction of being "beachlocked."