Broome rentals rose 10% in March 2015 quarter

Broome rentals rose 10% in March 2015 quarter
Broome rentals rose 10% in March 2015 quarter

The far north WA town of Broome notched up a 10% rental growth in the March quarter, according to REIWA.

RENTAL MARKET MARCH 2015 QUARTER CHANGE FROM 3 MONTHS AGO CHANGE FROM 12 MONTHS AGO
Perth Metropolitan - Median Weekly Rent $430 -2.3% -5.5%
Perth Metropolitan - Vacancy Rate 4.4% 0.2% 0.9%
Mandurah-Murray - Median Weekly Rent $380 2.7% 0%
Mandurah-Murray - Vacancy Rate 6.4% 3.1% 3.6%
Bunbury Urban Area - Median Weekly Rent $368 0.8% 0%
Bunbury Urban Area - Vacancy Rate 4.2% -2.4% 2.4%
Geraldton-Greenough - Median Weekly Rent $360 12.5% 0%
Geraldton-Greenough - Vacancy Rate 7.3% -0.4% 3.1%
Kalgoorlie-Boulder - Median Weekly Rent $360 5.9% 0%
Kalgoorlie-Boulder - Vacancy Rate 3.1% 0.2% -1.9%
Albany Urban Area - Median Weekly Rent $320 -8.6% 0%
Albany Urban Area - Vacancy Rate 1.7% 0% 0.1%
Busselton Urban Area - Median Weekly Rent $395 -1.3% 0.5%
Broome Urban Area - Median Weekly Rent $600 10.1% 0%
Broome Urban Area - Vacancy Rate 0% 0% 0%
  1. Median prices and sales of properties are derived from Landgate data - Excludes properties > 1 Ha.
  2. Rental data obtained from surveys of REIWA members.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Broome Rental Growth

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?