Broome Property - First National Real Estate Broome

Lord Alistair McAlpine of Broome loved his humble town of Broome. He was so proud of it that he decided to purchase a little piece of land on Cable Beach to attract more visitors from interstate so that they could see for themselves what Lord McAlpine loved in Broome. The "pearl rush" of the 19th century in Australia meant that there was many visitors who came in excitement to bring back some of the pearls back home but instead decided to stay in Australia. Broome is now the most multicultural town of the nine regions of rural Western Australia, also experiencing the highest population growth due to increased attention around the world towards this unique town.

Broome has a very "healthy" economy, in the sense that is it supported by local resources. The pearling industry is what started it all and first persuaded Lord Alistair McAlpine to showcase his lovely town to the rest of the world. However, it's the tourism industry now that supports the local economy. Visitors come to see Broome's natural wonders, such as the sunset over the Indian Ocean and the eerily beautiful Staircase to the Moon. The population of Broome swells to as many as 45,000 during the peak of the tourist season in Broome, meaning more jobs are required. This is aimed at people who cannot find a stable job in more metropolitan parts of Western Australia who are willing to go a bit further north. Ultimately, this is why there have been more property developments.

In turn, this has meant that there has been much interest from both local and foreign investors in what in the past has been a local secret in Broome property. If people wish for a temporary stay in Broome, then they can stay at one of the many tourist resorts, such as the Cable Beach Club, but to accommodate the increasing number of people who wish to build their lives in Broome, a property development boom has taken place over the last decade.

With new suburbs and estates such as Bilingurr, Djugun, Minyirr and Broome North opening up, investors are taking advantage of low property prices to snap up worthy investment that offers a strong rental return. Rental returns in Broome have increased considerably over the last number of years as the supply decreases and the demand for housing increases.

There is a "mini-market" developing amongst investors; those who want to buy Broome property and those who want to sell Broome property. Within this "mini-market" there appears to be quite a high demand for the property, with investors looking to pay top dollar to buy a piece of their own Broome property. Unless you're looking to make some reasonably fast money, it seems logical to hold onto your piece of Broome property (if you're lucky enough to get your hands on one) and not sell it off. Its value will most certainly rise given the trends that dictate the value of property in Broome.

First National Real Estate Broome is still very much a family-owned business. The Proprietors Allan and Brenda Griffiths firmly believe that good service is the foundation of their business so when you choose First National Real Estate Broome to work for you, you are employing the services of a dynamic and energetic Team that delivers outstanding results whilst delivering exemplary levels of service.

First National Real Estate Broome