Suburb Profile Report for Cable Beach WA (6726)

Cable Beach House: Median price $455,000, Annual capital growth -3.39%, Number of sales 63, Weekly median advertised rent $550

Cable Beach Unit: Median price $170,000, Annual capital growth -6.85%, Number of sales 33, Weekly median advertised rent $390

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Cable Beach, 6726 ranked 384th in WA when comparing growth in median property values or capital gain over the last 12 months. Cable Beach is one of 1662 in our list for WA

Cable Beach,6726 was ranked 3746 in Australia by increase in median property value over the quarter.

Cable Beach6726 is located in WA which offers an average discount of -8.58% to property investors. Cable Beach itself is showing figures that indicate -7.59% is the average achievable by property buyers investing in the suburb.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 6.29%, without taking into account capital value appreciation, which has been averaging out at -3.39%.

Cable Beach is in the bottom 20% in WA when comparing median price capital growth over the last year. Cable Beach gave property investors a dismal capital gain figure when compared to the rest of the state, with -24.44%.

Cable Beach,6726 was ranked 1519 in Australia by increase in median property value over the quarter.

The most recent median price for Cable Beach is $170000, with sellers offering an average of -9.71% off the asking price.

Renters in Suburb are facing rents around $20280 per annum or $390 every week.

Information supplied by:

Nicole Smyth
PRD Nationwide - Broome

M 0459329290
O

W www.prdbroome.com.au
E nicole@prdbroome.com.au

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

Metrics	HOUSE	UNIT
Median price	$455,000	$170,000
Quarterly growth	-5.70%	-23.60%
12-month growth	-12.25%	-24.44%
Average Annual Growth	-3.39%	-6.85%
Weekly median advertised rent	$550	$390
Number of sales	63	33
Gross rental yield	6.29%	11.93%
Days on market	92.5918367346939	118.6875

Your estimated repayment
$1,760.40/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Below average (H), Below average (U)

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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