Investment property in Cable Beach has done pretty 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 -2.97%
A -24.41% growth in median value for property investors in Cable Beach,6726 puts this suburb at number 409th in terms of best performing suburbs in WA
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.03% offered to property buyers. Sellers in Cable Beach itself are offering an average vendor discount of -10.54% to real estate investors.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
The WA suburb of Cable Beach, 6726 is in the Broome (S) local government area.
Property investors who have had real estate in Cable Beach, 6726 should be pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.88%
If we look at median property appreciation over just the last three months, Cable Beach has given property investors a paper return of -6.22%. This puts Suburb as 108 on a list of fastest fasting appreciating suburbs in WA
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.87% offered to property buyers. Sellers in Cable Beach itself are offering an average vendor discount of -11.75% to real estate investors.
Advertised rents are around the $380 mark per week – giving a return of 9.36% based on the median price in Suburb
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