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Monthly Property Management Update

Welcome to Decembers Property Management Update!

December 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 110 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 4.5%

Ray White Broome leased 24 properties for December and welcomed four new owners

who entrusted their property with us and whom 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 BedroomsNumber of Rentals

November

Number of Rentals

December

Overall Price RangeAverage Price Range
12729$135- $450$250-$350
23331$260 – $600$300 – $480
33331$380 – $785$480 – $630
42221$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 9192 2122.