Suburb Profile Report for Cable Beach WA (6726)

Cable Beach House: Median price $472,500, Annual capital growth 2.40%, Number of sales 51, Weekly median advertised rent $523

Cable Beach Unit: Median price $257,500, Annual capital growth -1.64%, 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

Cable Beach has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -18.74% to date .

While Cable Beach,6726 ranked number 325th in WA for increase in median house value (annualised) increase, it is ranked 374th over the last 5 years.

At number 33th of WA’s most discounted properties, Cable Beach is in the bottom 10% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $522.5 and the average annual increase in value of a median property of 2.40%, investors should hope to achieve an overall return of 5.75%

Over the last year, property investments in Cable Beach, 6726 have given investors a capital gain of 14.44%. This compares very favourably with the -3.23% for WA as a whole.

Over the longer term, Cable Beach has seen property prices show investors a -33.97% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -9.43% to buyers in Cable Beach at the moment, which is less than average for the rest of WA.

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
HOUSE UNIT
$472,500 $257,500
-2.98% 21.18%
-18.74% 14.44%
2.40% -1.64%
$523 $375
51 20
5.75% 7.57%
111.24 156

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
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