Broome Western Australia
2,300kms north of Perth or 2.5 hours by air from Perth arriving at Broome's International Airport. Serviced by Qantas and Virgin Australia with either direct flights or flights with 1 stop from most Australian capital cities.
Lifestyle and Tourism are some of the major factors influencing people's decision to relocate or invest in Broome. "Lock and Leave" are residents who live in Broome during the colder southern Australian seasons.
Broome as a Tourism destination has an Australian and international reputation and appeal and is considered the gateway to exploring the vast and unique Kimberley Region of Western Australia.
Approximately 260 tourism businesses are based in Broome and Kimberly region catering for a domestic Australian market and an International Tourism Markets with the majority of visitors from Germany, USA and the United Kingdom. During 2017, tourism spend was approximately AUD $350,000,000 with 276,000 international and domestic visitors with a total stay of 1,750 nights. Equates to an average spend of $1,268 per visitor.
Broome Real Estate
Currently the median sales price of houses in the area is $397,500. Decreasing median house and unit prices over 10 years range from $620,000 down to $360,000. Over the last 3 years prices have rebounded from $360,000 to $385,000, peaking at $420,000 in 2018
Broome real estate property buyers are mainly local residents consisting of first home buyers, resort unit buyers, growing family and "lock and leaver's". High Rentals are a noticeable feature of Broome Real Estate which can be explained that a second (or more) property is owned by established Broome home owners.
Interstate,intrastate and international buyers account for 10% to 20% predominately in the resort units and short term accommodation market.
There is limited foreseeable investment in the vicinity of Broome to propel property prices higher however, their is no reason for current property prices to decrease further.
Bilingurr WA 6725
Rated 7.5 Lifestle Index
Median sales price of houses in the area is $487,500
The Waranyjarri Estate, Bilingurr is the most recent housing estate in Broome and includes a new primary school.
Cable Beach WA 6726
Rated 8.0 Lifestle Index
Median sales price of houses in the area is $489,000
Minyirr WA 6725
Rated 5.5 Lifestle Index
Median sales price of houses in the area is $380,000
Broome WA 6725
Rated 7.0 Lifestle Index
Median sales price of houses in the area is $397,500
Djugun WA 6725
Rated 7.0 Lifestle Index
Median sales price of houses in the area is $470,000
Broome Real Estate Agencies.
*Disclaimer - The information published in this article are not necessarily the views of the listed Real Estate Agencies or Agents