If you compare the increase in value of investment property in Cable Beach, 6726 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -12.71%.
The five-year average increase in median property values for Cable Beach,6726 has given property investors a potential capital gain of -25.09% across each of those five years.
Vendor discounting in Cable Beach is giving property investors an average Vendor Discount of around -10.97%. This puts suburb at number 49th in WA when ranking the most discounted suburbs.
At number 3056 in a list of fastest selling suburbs, Cable Beach is in the bottom 20% of suburbs in Australia with an average of days on market 115.53 for properties listed there.
The WA suburb of Cable Beach, 6726 is in the Broome local government area.
If you compare the increase in value of investment property in Cable Beach, 6726 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 6.82%.
When looking at the potential capital gains offered to property investors over the last 3 years, Cable Beach comes in at number 104th in WA.
Sellers are offering property buyers an average discount of -10.84% to buyers in Cable Beach at the moment, which is less than average for the rest of WA.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of -1.71%, investors should hope to achieve an overall return of 7.97%
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