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Investment Property Broome, WA, 6725

Suburb Snapshot

Broome is a suburb in the Broome Region of Western Australia. Broome has a population of 4,041 people and 37.93% of its occupants live in rental accommodation. The median listing price for houses is $780,000 and this has changed 13.86% over the past year and changed 30.21% over 2 years.

The median rent in Broome for houses is $800 per week and the median rental yield is 5.33%. Stock on the market for houses/townhouses has changed -40.91% compared to last year and the average time to sell a house/townhouse is 100 days.The median listing price for units is $375,000 and this has changed -2.60% over the past year. The average unit takes 194 days to sell and the median rent for a unit in Broome is $650 per week, producing a rental yield of 9.01%.

Supply & Demand in Broome, Broome

0.63%

Current vacancy rate


14

Rental stock available


4,041

Population


37.93%

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 Broome, Broome

  House Townhouses Units
Median listing price $780,000 NA $375,000
Median price change - last quarter 6.14% NA 2.00%
Median price change - 1 year 13.86% NA -2.60%
Median price change - 2 years 30.21% NA 3.44%
  House Townhouses Units
Median weekly rent $800 NA $650
Median yield % 5.33% NA 9.01%
Median rent change - 1 year 14.28% NA 18.18%
  House Units
Previous month sales 2 0
Stock on market previous month 13 5
Stock variance vs. last year -40.91% -37.50%
Average days on market 100 194

Broome investment property listings

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