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Investment Property Cable Beach, WA, 6726

Suburb Snapshot

Cable Beach is a suburb in the Broome Region of Western Australia. Cable Beach has a population of 5,436 people and 33.11% of its occupants live in rental accommodation. The median listing price for houses is $699,000 and this has changed 4.32% over the past year and changed 9.30% over 2 years.

The median rent in Cable Beach for houses is $1,000 per week and the median rental yield is 7.43%. Stock on the market for houses/townhouses has changed -8.47% compared to last year and the average time to sell a house/townhouse is 106 days.The median listing price for units is $325,000 and this has changed -0.31% over the past year. The average unit takes 103 days to sell and the median rent for a unit in Cable Beach is $500 per week, producing a rental yield of 8.00%.

Supply & Demand in Cable Beach, Broome

0.51%

Current vacancy rate


17

Rental stock available


5,436

Population


33.11%

Rental population


0.43%

Current vacancy rate


43

Rental stock available


16,215

Population


35.96%

Rental population


0.63%

Current vacancy rate


7,731

Rental stock available


2,474,414

Population


23.98%

Rental population


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Statistical data for Cable Beach, Broome

  House Townhouses Units
Median listing price $699,000 $630,000 $325,000
Median price change - last quarter 0.00% 5.17% -3.08%
Median price change - 1 year 4.32% 14.96% -0.31%
Median price change - 2 years 9.30% NA 8.69%
  House Townhouses Units
Median weekly rent $1,000 NA $500
Median yield % 7.43% NA 8.00%
Median rent change - 1 year 11.11% NA -6.55%
  House Units
Previous month sales 6 3
Stock on market previous month 54 22
Stock variance vs. last year -8.47% 29.41%
Average days on market 106 103

Cable Beach investment property listings

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