Broome Out Performs Perth Metro Area

Broome Out Performs Perth Metro Area

Broome Out Performs Perth Metro Area

Just as expected the market is changing locally here in Broome. We have experienced more sales and an increase in buyer activity so if you're keen to buy at today's prices please get in touch. 

REIWA (Real Estate Insitute of Western Australia) REIWA President Hayden Groves announced Broome's change in median house price was increased by 4.4%. Western Australia's overall median house price increased by 2.9%. What was encouraging was seeing Karratha recover with a 13.5% increase however Port Hedland still showed a 2% decrease. 

It was 10 days quicker to sell a property in regional WA during the December 2017 quarter than it was in the September 2017 quarter. Mr Groves said "the market is moving in the right direction with price growth a leading indicator. The signs are there that, like Perth, regional WA has entered the next phase of this property cycle and a number of centres already appear to have started their recovery,” Mr Groves said.

If you would like assistance in finding the right property for your particular requirements please register your interest here. 

 

If you are considering selling and would like an up to date opinion on the value of your property please click here. 

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