Giving property investors a a poor capital gain of -10.81% for the last year, Cable Beach, 6726 is the 3916th highest performer in Australia in this respect.
A -26.39% growth in median value for property investors in Cable Beach,6726 puts this suburb at number 32th in terms of best performing suburbs in WA
At number 42th of WA’s most discounted properties, Cable Beach is in the bottom 20% of the state/territory when listing in order of most discounted to least.
In the last year 55 properties changed hands in Cable Beach, which puts it as the 214th most active market in WA when comparing the number of sales per suburb.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 5.25%, without taking into account capital value appreciation, which has been averaging out at 1.75%.
With a capital gain of -22.72% for the last 12 months, Cable Beach, 6726 has performed for property investments than its average annual -4.43% property growth over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Cable Beach is offering property investors an average of -8.43. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
The WA suburb of Cable Beach, 6726 is in the Broome local government area.
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