Giving property investors a a poor capital gain of -9.15% for the last year, Cable Beach, 6726 is the 3377th highest performer in Australia in this respect.
Over the longer term, Cable Beach has seen property prices show investors a -3.86% return over the last 3 years. This is worse than over the last 12 months
Cable Beach6726 is located in WA which offers an average discount of -8.49% to property investors. Cable Beach itself is showing figures that indicate -7.86% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $30550 per annum or $587.5 every week.
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 -28.89%
When looking at the potential capital gains offered to property investors over the last 3 years, Cable Beach comes in at number 96th in WA.
Sellers are offering property buyers an average discount of -9.86% to buyers in Cable Beach at the moment, which is less than average for the rest of WA.
Often selling an investment property can take time, and in Cable Beach the average time real estate has been on the market is 116.381 days.
Renters in Suburb are facing rents around $20280 per annum or $390 every week.
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