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Broome, WA 6725
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$945,000
list-price estimate
Median Unit
$335,000
market range $325K-$500K
Gross Yield (houses)
7.3%
1yr Growth (houses)
+8.5%
market range +0.0% to +15.0%
Investment snapshot for Broome
Broome has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Broome market and investor summary
In Broome, WA 6725, houses show a gross rental yield of 7.3%. House prices have moved +8.5% over the past year. At 0.9% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 7.3% does more of the early heavy lifting than capital growth usually would at this price point. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.
Living in Broome: people, income and schools
Broome is home to around 3,797 people, and the area has been growing steadily, up about 7% over five years. The median age is 36, broadly working-age, with renters making up 56% of households. That renter share gives landlords a deep tenant pool to draw on through the year.
Households here earn a median of about $94,000 a year, or roughly $1,800 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 8 schools within about 5km, testing below the national school average on ICSEA. It is fairly car-dependent; the suburb scores 43 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,797
- +7% over 5yr
- Median age
- 36 years
- Median household income
- $94,000/yr
- Households renting
- 56%
- Family households
- 62%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 8
- avg ICSEA 844
- Unemployment
- 3.9%
- Walk score
- 43/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Broome
No properties currently listed in Broome
Search Broome listings →Frequently asked questions about Broome
What should I check before investing in Broome?
Broome has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 7.3%, before expenses, tax and loan costs. Capital growth of +8.5% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Broome?
The median property price in Broome, WA 6725 is $335K for units.
What rental yield does Broome show?
The gross rental yield in Broome is 7.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Broome?
House prices in Broome are up 8.5% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Broome?
The current vacancy rate in Broome is 0.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Broome?
Broome has a population of approximately 3,797 residents, with a median age of 36.
What schools are near Broome?
There are 8 schools within roughly 5km of Broome. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Broome's population growing?
The population of Broome has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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