Houses in nearly 80 beachside suburbs across the country can still be bought for less than $1m, new figures reveal.

The dream of beachside living on a budget remains a reality in only a handful of South East Queensland suburbs, with prices surging more than 100 per cent in just 12 months in some hotspots.

The most commonly cited valuation measure for stocks is the forward price-to-earnings ratio. This is a stock’s current price divided by the consensus estimate for the company’s earnings per ...