Investment property in Cable Beach has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.52%
Over the longer term, Cable Beach has seen property prices show investors a -24.30% return over the last 3 years. This is an improvement over the last 12 months
Cable Beach6726 is located in WA which offers an average discount of -8.17% to property investors. Cable Beach itself is showing figures that indicate -9.72% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Cable Beach have been waiting around 123.7 days to sell a property.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 5.47%, without taking into account capital value appreciation, which has been averaging out at 0.04%.
WA has seen average median house prices change by -4.19% which means that Cable Beach, 6726 has not done well for property investors by showing a capital gain of -16.52% over the last year
Cable Beach6726 is located in WA which offers an average discount of -8.73% to property investors. Cable Beach itself is showing figures that indicate -10.88% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $350 mark per week – giving a return of 9.48% based on the median price in Suburb
Cable Beach is one of the most popular suburbs in Broome. It is close to the iconic Cable Beach with many of the homes within walking distance. It is close to great services, walkways, parks, restaurants and barsFull summary
Information supplied by:
PRD Nationwide - Broome
Cable Beach WA 6726
Main selling points:
Cable Beach is one of the most popular suburbs in Broome. It is close to the iconic Cable Beach with many of the homes within walking distance. It is close to great services, walkways, parks, restaurants and bars.
Properties most in demand:
4 bed, 2 bath home with shed and pool
Steel framed custom orb homes. There are a number of two storey homes that line streets with views of the sands dunes but most are only one-storey.
Beach, Broome Recreation and Aquatic Centre, close proximity to shopping Facilities, Local Public Primary and Secondary School, Catholic Primary and Secondary School, Resorts, Bars, Cafes and Restaurants
Major businesses and employers:
Tourism, building, health, education, public service and mining
Six Seasons Janaburu development by Landcorp saw a release of land parcels in stages. This has led to many new homes being built.
Best areas and streets:
Sunset Park, Sunset Rise area or Six Seasons overlooking the sand dunes. Due to the proximity to the beach and local cafes and restaurants
The Broome town bus travels through the area which is every half an hour during the tourist season but only every hour during the off season. This is a great service but it is limited and doesn’t service some of the newer estates in Cable Beach such as the Six Seasons.
Access to attractions:
The beach is either a walk or short drive away – 5 mins drive max