Property value increases in Cable Beach have tracked just higher than the WA average of 4.03% over the last 12 months.
Cable Beach,6726 was ranked 400 in Australia by increase in median property value over the quarter.
At number 85th 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.
In the last year 72 properties changed hands in Cable Beach, which puts it as the 189th most active market in WA when comparing the number of sales per suburb.
A $595 per week rent on the median house gives suburb investors a gross yield of circa 6.01%, without taking into account capital value appreciation, which has been averaging out at -2.46%.
With a capital gain of 16.77% for the last 12 months, Cable Beach, 6726 has performed for property investments than its average annual -6.51% property growth over the last 5 years.
Comparing Cable Beach,6726 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in Cable Beach is giving property investors an average Vendor Discount of around -4.81%. This puts suburb at number 50th in WA when ranking the most discounted suburbs.
At number 136 in a list of fastest selling suburbs, Cable Beach is in the TOP 20% of suburbs in Australia with an average of days on market 42.9333 for properties listed there.
Renters in Suburb are facing rents around $20020 per annum or $385 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