Blog / propertymanagement

What does the weather have to do with Broome’s rental cycle?

Rebecca Bell Rebecca Bell
3 September 2018

We are now starting to see the vacancy rate start to creep up from 1.5% to now over 3% which means the rental supply of property is more than the demand for rental properties. This increase is mainly due to the fact that the rate of enquiry is now significantly reduced and furthermore as we experience more hotter weather in t...

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I'd like to know more about Broome

Rebecca Bell Rebecca Bell
7 August 2018

To many, Broome is a fabulous tourist destination, with a great lifestyle, balmy weather, unique pioneering history and pearling industry. Yet there is a lot more to Broome than just tourism… Broome is fast becoming the destination of choice for industry and commerce and is the regional centre for government services a...

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Property Management Team Update

Rebecca Bell Rebecca Bell
4 August 2018

There is no argument that the rental market in Broome for the past 6 months has picked up pace and appeared to have stabilised. This demand saw the vacancy rate drop to a low of 1.6%  with more than 202 properties leased by our agency for the past 7 months. Rental days-on market fell from 60 days to 42 days. This is a fa...

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What's happening in Broome's Rental Market? (June 2018 Update)

Rebecca Bell Rebecca Bell
22 June 2018

Things look like they are improving at last in the Broome rental market. For the past few years Investors have had it tough in a highly competitive rental market with rental prices down from as much as $100 per week. Broome was not alone with this downward movement as the pattern followed a similar trajectory to many other ar...

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