Suburb Profile Report for Cable Beach WA (6726)

Cable Beach House: Median price $472,500, Annual capital growth 2.25%, Number of sales 47, Weekly median advertised rent $520

Cable Beach Unit: Median price $257,500, Annual capital growth -2.14%, Number of sales 20, Weekly median advertised rent $375

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

WA has seen average median house prices change by -5.20% which means that Cable Beach, 6726 has not done well for property investors by showing a capital gain of -16.37% over the last year

Cable Beach,6726 has offered an average of -16.37% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Cable Beach should be aiming for at least -12.84% off the asking price, which is the average vendor discount being achieved at the moment.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 5.72%, without taking into account capital value appreciation, which has been averaging out at 2.25%.

If you compare the increase in value of investment property in Cable Beach, 6726 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 14.44%.

Comparing Cable Beach,6726 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

The most recent median price for Cable Beach is $257500, with sellers offering an average of -9.43% off the asking price.

Residents and property investors in Cable Beach have been waiting around 156 days to sell a property.

Situated 1678.48km from the CBD, Cable Beach is one of Broome localities in the postcode 6726.

Nicole Smyth Information supplied by:

Nicole Smyth
PRD Nationwide - Broome

M 0459329290
O

W www.prdbroome.com.au
E nicole@prdbroome.com.au
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

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

Typical homes:

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.

Suburb amenities:

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

Recent changes:

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

Public transport:

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

Close
Metrics i HOUSE UNIT
$472,500 $257,500
-1.56% 9.57%
-16.37% 14.44%
2.25% -2.14%
$520 $375
47 20
5.72% 7.57%
102.17 156

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Cable Beach WA
Demographics
Total population 5156
Median household income ($/weekly) 1856
Median age of persons 33
Median housing loan repayment ($/monthly) 2600
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 784 15.2
    25-34 years 882 17.1
    35-44 years 862 16.7
    45-54 years 783 15.2
    55-64 years 519 10.1
    Others 1327 25.7
    Age Group
    Census Count Percent(%)
    Not Married 1332 41.2
    Registered Married 1225 37.9
    Defacto Relationship 677 20.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3892 84.5
    Papua New Guinea 102 2.2
    Philippines 43 0.9
    United Kingdom 253 5.5
    Other 77 1.7
    Others 237 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 1.6
    Christianity 2781 63.4
    Islam 38 0.9
    Other Religious Groups 15 0.3
    No Religion 1469 33.5
    Others 12 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 108 7.8
    $1,500-$1,999 195 14.1
    $2,000-$2,499 191 13.8
    $2,500-$2,999 183 13.2
    $3,000-$3,499 124 8.9
    Others 585 42.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1903 54.0
    Not in the labour force 772 21.9
    Employed, worked part-time 581 16.5
    Employed, away from work 184 5.2
    Unemployed, looking for work 86 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 389 14.6
    Professionals 558 20.9
    Technicians & trades workers 439 16.4
    Community & personal service workers 298 11.2
    Clerical & administrative workers 381 14.3
    Others 604 22.6
    Occupation
    Census Count Percent(%)
    Pre-school 75 7.2
    Infants/Primary 503 48.0
    Secondary 207 19.8
    Technical or Further Educational Institution 134 12.8
    University or other Tertiary Institutions 110 10.5
    Others 19 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3913 82.6
    Semi-detached, row or terrace house, townhouse 378 8.0
    Flat, unit or apartment 96 2.0
    Caravan, cabin, houseboat 341 7.2
    Improvised home, tent, sleepers out 6 0.1
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 927 57.0
    Being purchased 446 27.4
    Fully owned 248 15.2
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals