Welcome to the Property Management Update!
In April we saw the overall Broome vacancy rate slightly increase although as the below graph shows still well in front of previous years. At the time of writing there were only 85 properties for lease in Broome which continues to be well below previous years. Ray White continues to lead the market individually with an impressive vacancy rate of only 3.5%
Ray White Broome leased 27 properties for March and welcomed four new owners who entrusted their property with us and who we are pleased to service.
In other property management updates the details of available rentals remained relatively the same with only minor differences as per below.
|Number of Bedrooms||Number of Rentals|
|Number of Rentals|
|Overall Price Range||Average Price Range|
|1||16||16||$135 – $450||$250 – $350|
|2||21||15||$260 – $600||$300 – $480|
|3||22||33||$380 – $785||$480 – $630|
|4||20||17||$420 – $1300||$650 – $1000|
If you have any questions on the current rental market, or if we can assist you with any of your real estate needs, please feel free to contact the team at Ray White Broome today on 08 9192 2122.