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The tempo of Broome’s property market has picked up quite distinctly and we have renewed vitality.
There’s no doubt that Broome’s property prices have retreated, but it’s interesting that most of the buying and selling activity has been from people living in Broome who have either traded up to another home, purchased their first, or buying a second property for investment purposes.
Buyers seem to be getting the message that if they do want to buy at the best price possible they need to act. This was well demonstrated when a property that had been for sale for nearly 12 months, received two offers as it was about to be taken off the market. Our property management department is still red hot at leasing properties so if it’s an investment you’re after why not buy now while the market is offering some great buys.