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AREA REPORTS

Broome

WA/
Broome

Suburb Profile

Broome - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6725

house
unit

Property investors in BROOME enjoyed capital gains of 1.91% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $400,000.

Profits due to an downward trend in home prices there averaged -2.65% per annum over a 3-year period.

Home owners selling their properties and realtors in BROOME usually have to wait an average of 96.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $497 mark, reflecting a 6.46% increase in returns based on the current median price in BROOME.

BROOME, 6725 places 133rd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $400,000 $275,000
GROWTH REPORT
Median Quarterly 0.63% 10%
Median 12 month 1.91% 10.44%
Median 3 years -7.94% 38.19%
Median 5 years -32.77% -43.3%
10 years average annual -4.31% 7.56%
Weekly media advert. rent $497 $400
Time on Market 96.1 days 0.0 days
Gross Rental Yield Percent 6.46% 7.56%
demographics (median values)
Total Population
4169
Weekly Household Income
1026
Household Size
2.40
demographics
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