WOW Broome is certainly a hot spot at the moment with our tourist season looking to go right through the wet season this year.Couple this with several multi-million dollar projects in the pipeline and people screaming for properties to rent. Our vacancy rate is sitting below 1% and we have majority of our properties listed for sale at approx a 6% return.
Now is certainly a great time to consider buying in Broome or reflecting on your existing property portfolio and your goals for the future. Whether you are considering taking the plunge to own your own home while prices remain affordable or adding an investment our team is here to help you find exactly what you're looking for. Why should you consider an investment in property?
There are some good reasons to invest in property, particularly now in Broome with several multi-million dollar projects lining up in the Kimberley, set to generate hundreds of new jobs and bolster economies in Broome and Derby.
• A solid, long-term investment
• Property investment can reasonably be expected to provide capital growth in the long term
• Property market information is easily accessible and easily understood
• Property is tangible - you can actually see and monitor your investment
You should carefully consider your current and future living expenses so you’ll be assured you can repay your loan and maintain the quality of lifestyle you’ll require. Similarly if you currently renting it’s a good idea to consider how much this may be costing you and for an extra $100 a week you may be in the position to be paying off your own mortgage instead of somebody else’s.
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. We also have a LONG list of prospective tenants so if you find a great property to buy that's vacant don't worry we will be able to find you a tenant. To find out more about what our Property Management Team offers click here.