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.
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