Sales Market Update

Sales Market Update

Sales Market Update

The Broome property market has continued to improve with respect to activity however median prices in all areas are have varied little.

Most activity in the housing market in being generated by owner/occupiers and first home buyers taking advantage of in many cases the below replacement values to use the equity in their existing home to upgrade and create an investment property with their existing residence or using the low interest rates to purchase a home and service debt with what they are currently paying in weekly rent.

This activity should be seen as emerging opportunities for investors as the supply of rental properties is reduced by owner occupiers and supply is not be replenished at the same take up rate.

With still over approx. 180 houses and 70 units available opportunities for astute investors and occupiers to take advantage of.

For those looking for the best of the best there is a selection of high quality properties available with ocean views or in close proximity to Cable Beach available at values that represent excellent value.

To read the Broome Activity Report in full click here.

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