Sales Market Update

Sales Market Update

Sales Market Update

So it really feels like the shift to positivity in our lovely town is continuing. The market for the last quarter has been really consistent and looks like it is continuing in this mode as we leave the race season and start entering the wet.
 
There has not been any change in the fact that property that is selling is selling at prices that Broome hasn’t seen for some time, but the reality is they are selling. So what does this mean? Well our team has taken the approach that if you really want or need to sell your property we will find you a willing buyer and we will do everything we can to get the best that is out there. Guess what it is working.
 
Even though the sales for the last quarter are on par with the same time last year we are now seeing more negotiations happening, not all of them coming to fruition, but at least the interest is being shown. This is most crucial part of the sale process and what we are doing really well at the moment. At the end of the day if you want to sell your property you will have to meet the market.
 
The other exciting news is that we have seen more investment movement in the past month, something that has been very quiet for some time. We know that property pricing is now reasonable and with yields still holding at approximately 5.5%, our prediction is this will continue. With markets in the eastern states starting to struggle we are looking so so much better and the news of the Mineral Sands mine between Broome and Derby is just helping in confirming how strong Broome is.
 
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 us on [email protected]

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