Sales Market Update Dec 2016

Sales Market Update Dec 2016

Sales Market Update Dec 2016

We are really pleased to say the consistency from the third quarter has continued into this last quarter too. Sales numbers have remained similar to the last and there has been an even spread over all the areas of Broome.
 
The pricing has also remained consistent and what we have seen is reduction in properties being delivered to the market. There is a mixed feeling with our property market still being a strong Buyers’ Market however Sellers have reached a point in which they would prefer to hold rather than sell if the price is not sufficient. This has created the reduction in stock and will also put a little pressure on Buyers as there is less to choose from.
 
We have also seen some great results in the commercial sector with sales in Chinatown and high industrial area near the port. The prices have not been as exciting as people would hope but the confidence in Broome must be strong to see some sales success. One in particular was the iconic Kinney’s Store which sold for $1,050,000
 
We believe we will be in for a very strong 2017. Confidence will be at a much stronger level with hope of new projects like Thunderbird Mineral Sands and a balancing of our market and hopefully a much more grounded selling environment.
 
We love Broome and are confident as we have always been that it is an awesome place to live, bring up a family and invest. If you need any more information on what is happening please call us on 08 9192 2000 or email [email protected], we would love to help you get your own piece of paradise.

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