Broome

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<p>The far north WA town of Broome notched up a 10% rental growth in the March quarter, according to REIWA.</p>
<table class="data-table members-data-table table-striped">
<thead><tr>
<th>RENTAL MARKET</th>
<th>MARCH 2015 QUARTER</th>
<th>CHANGE FROM 3 MONTHS AGO</th>
<th>CHANGE FROM 12 MONTHS AGO</th>
</tr></thead>
<tbody>
<tr>
<td>Perth Metropolitan - Median Weekly Rent</td>
<td class="number-right">$430</td>
<td class="number-right">-2.3%</td>
<td class="number-right">-5.5%</td>
</tr>
<tr>
<td>Perth Metropolitan - Vacancy Rate</td>
<td class="number-right">4.4%</td>
<td class="number-right">0.2%</td>
<td class="number-right">0.9%</td>
</tr>
<tr>
<td>Mandurah-Murray - Median Weekly Rent</td>
<td class="number-right">$380</td>
<td class="number-right">2.7%</td>
<td class="number-right">0%</td>
</tr>
<tr>
<td>Mandurah-Murray - Vacancy Rate</td>
<td class="number-right">6.4%</td>
<td class="number-right">3.1%</td>
<td class="number-right">3.6%</td>
</tr>
<tr>
<td>Bunbury Urban Area - Median Weekly Rent</td>
<td class="number-right">$368</td>
<td class="number-right">0.8%</td>
<td class="number-right">0%</td>
</tr>
<tr>
<td>Bunbury Urban Area - Vacancy Rate</td>
<td class="number-right">4.2%</td>
<td class="number-right">-2.4%</td>
<td class="number-right">2.4%</td>
</tr>
<tr>
<td>Geraldton-Greenough - Median Weekly Rent</td>
<td class="number-right">$360</td>
<td class="number-right">12.5%</td>
<td class="number-right">0%</td>
</tr>
<tr>
<td>Geraldton-Greenough - Vacancy Rate</td>
<td class="number-right">7.3%</td>
<td class="number-right">-0.4%</td>
<td class="number-right">3.1%</td>
</tr>
<tr>
<td>Kalgoorlie-Boulder - Median Weekly Rent</td>
<td class="number-right">$360</td>
<td class="number-right">5.9%</td>
<td class="number-right">0%</td>
</tr>
<tr>
<td>Kalgoorlie-Boulder - Vacancy Rate</td>
<td class="number-right">3.1%</td>
<td class="number-right">0.2%</td>
<td class="number-right">-1.9%</td>
</tr>
<tr>
<td>Albany Urban Area - Median Weekly Rent</td>
<td class="number-right">$320</td>
<td class="number-right">-8.6%</td>
<td class="number-right">0%</td>
</tr>
<tr>
<td>Albany Urban Area - Vacancy Rate</td>
<td class="number-right">1.7%</td>
<td class="number-right">0%</td>
<td class="number-right">0.1%</td>
</tr>
<tr>
<td>Busselton Urban Area - Median Weekly Rent</td>
<td class="number-right">$395</td>
<td class="number-right">-1.3%</td>
<td class="number-right">0.5%</td>
</tr>
<tr>
<td>Broome Urban Area - Median Weekly Rent</td>
<td class="number-right">$600</td>
<td class="number-right">10.1%</td>
<td class="number-right">0%</td>
</tr>
<tr>
<td>Broome Urban Area - Vacancy Rate</td>
<td class="number-right">0%</td>
<td class="number-right">0%</td>
<td class="number-right">0%</td>
</tr>
</tbody>
</table>
<ol>
<li>Median prices and sales of properties are derived from Landgate data - Excludes properties &gt; 1 Ha.</li>
<li>Rental data obtained from surveys of REIWA members.</li>
</ol>
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jchancellor-FAypfDUnLy

Broome rentals rose 10% in March 2015 quarter

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<p>Broome had the weakest rental market in WA in the March 2016 quarter.</p>
<p>It's median weekly rental was down 10 percent annually.</p>
<p><span>The rental data obtained from surveys of REIWA members.</span></p>
<table class="data-table members-data-table table-striped">
<thead><tr>
<th>RENTAL MARKET</th>
<th>MARCH 2016 QUARTER</th>
<th>CHANGE FROM 3 MONTHS AGO</th>
<th>CHANGE FROM 12 MONTHS AGO</th>
</tr></thead>
<tbody>
<tr>
<td>Perth Metropolitan - Median Weekly Rent</td>
<td class="number-right">$395</td>
<td class="number-right">-1.3%</td>
<td class="number-right">-8.1%</td>
</tr>
<tr>
<td>Perth Metropolitan - Vacancy Rate</td>
<td class="number-right">5.6%</td>
<td class="number-right">-0.4%</td>
<td class="number-right">1.2%</td>
</tr>
<tr>
<td>Mandurah-Murray - Median Weekly Rent</td>
<td class="number-right">$340</td>
<td class="number-right">-2.9%</td>
<td class="number-right">-8.1%</td>
</tr>
<tr>
<td>Mandurah-Murray - Vacancy Rate</td>
<td class="number-right">5.4%</td>
<td class="number-right">1.0%</td>
<td class="number-right">-1.0%</td>
</tr>
<tr>
<td>Bunbury Urban Area - Median Weekly Rent</td>
<td class="number-right">$340</td>
<td class="number-right">-2.9%</td>
<td class="number-right">0.0%</td>
</tr>
<tr>
<td>Bunbury Urban Area - Vacancy Rate</td>
<td class="number-right">7.9%</td>
<td class="number-right">2.2%</td>
<td class="number-right">3.7%</td>
</tr>
<tr>
<td>Geraldton-Greenough - Median Weekly Rent</td>
<td class="number-right">$310</td>
<td class="number-right">-3.1%</td>
<td class="number-right">-3.1%</td>
</tr>
<tr>
<td>Geraldton-Greenough - Vacancy Rate</td>
<td class="number-right">9.0%</td>
<td class="number-right">1.5%</td>
<td class="number-right">1.7%</td>
</tr>
<tr>
<td>Kalgoorlie-Boulder - Median Weekly Rent</td>
<td class="number-right">$320</td>
<td class="number-right">-8.6%</td>
<td class="number-right">-8.6%</td>
</tr>
<tr>
<td>Kalgoorlie-Boulder - Vacancy Rate</td>
<td class="number-right">6.5%</td>
<td class="number-right">-0.5%</td>
<td class="number-right">3.4%</td>
</tr>
<tr>
<td>Albany Urban Area - Median Weekly Rent</td>
<td class="number-right">$350</td>
<td class="number-right">2.9%</td>
<td class="number-right">0.7%</td>
</tr>
<tr>
<td>Albany Urban Area - Vacancy Rate</td>
<td class="number-right">1.7%</td>
<td class="number-right">0.2%</td>
<td class="number-right">0.0%</td>
</tr>
<tr>
<td>Busselton Urban Area - Median Weekly Rent</td>
<td class="number-right">$400</td>
<td class="number-right">0.0%</td>
<td class="number-right">-2.4%</td>
</tr>
<tr>
<td>Broome Urban Area - Median Weekly Rent</td>
<td class="number-right">$450</td>
<td class="number-right">-8.2%</td>
<td class="number-right">-10%</td>
</tr>
<tr>
<td>Broome Urban Area - Vacancy Rate</td>
<td class="number-right">0.0%</td>
<td class="number-right">0.0%</td>
<td class="number-right">
<p>0.0%<span style="color: #333333; font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12.16px; line-height: 1.3em;">.</span></p>
</td>
</tr>
</tbody>
</table>
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jonathanchancellor-7SQnKwU6yx

Broome rental market slips backwards

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<p>A community health centre building, in the Cable Beach precinct of Broome, has come onto the market.  </p>
<p>Located at 67 Dakas Street, the property covers 3555 square metres of space.</p>
<p>It currently has a 586 square metre office/medical centre that is leased to the State Government through the Minister for Health.</p>
<p>Knight Frank senior director Tony Delich, who has listed the property, said the holding was currently occupied by Broome’s highly regarded Community Health and Child Health Clinic on a four year lease with options.</p>
<p>He said it provided a strong cash flow in excess of $300,000 per annum with fixed rent reviews.</p>
<p>“This is a great asset with both capital growth potential and the opportunity to further develop the site,” Delich said.</p>
<p>First National’s Allan Griffiths said the existing office improvements were constructed Broome-style, being a steel frame with colorbond custom orb cladding and roof sheeting with a concrete raft floor.</p>
<p>The property will be sold by offers to purchase, closing on November 6, 2019.</p>
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