Giving property investors a a poor capital gain of -7.80% for the last year, Cable Beach, 6726 is the 3421th highest performer in Australia in this respect.
Cable Beach,6726 was ranked 826 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -8.33% 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 94.0377 days.
Advertised rents are around the $595 mark per week – giving a return of 6.71% based on the median price in Suburb
Cable Beach has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -32.74% to date .
While Cable Beach,6726 ranked number 84th in WA for increase in median house value (annualised) increase, it is ranked 98th over the last 5 years.
Property buyers and investors in Cable Beach 6726 should be seeing an average reduction in asking price of around -10.14% . This means that Cable Beach is holding prices well when compared to other suburbs in WA.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of -7.98%, investors should hope to achieve an overall return of 13.52%
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