If you compare the increase in value of investment property in Cable Beach, 6726 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -3.52%.
Cable Beach,6726 has offered an average of -3.52% return per annum in house price rises to property investors over the last three years.
At number 77th of WA’s most discounted properties, Cable Beach is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Cable Beach the average time real estate has been on the market is 91.5294 days.
Investment property in Cable Beach has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -51.61%
Cable Beach,6726 was ranked 879 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Cable Beach are currently offering property investors an average price cut of -9.69% below the asking price at the moment.
The WA suburb of Cable Beach, 6726 is in the Broome (S) local government area.
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