Broome – beautifull place.
Problem – very expensive. Don’t think you find anything there under 200K. Rent would be in around $200 per week mark but not enough to make positive geared property.There is a new estate north of Broome on the Cable beach and all houses are above $1 Million.
Broome is a Byron Bay of West Coast Australia.
Have to agree with K there. My brother built a house up there last year and the offers he is gettting have almost doubled what he spent on it. Awesome place to live though doubt it will ever slow down!
So true tho, the prices do require a large outlay.
A friend of mine bought an off the plan house in the suburb of Roebuck Estate 4 months ago for $255K. It has just been completed and has just been valued at $305K.
The prices aren’t slowing yet and to be honest, I wouldn’t expect them to at least for another 6mths to a year..