Broome Market Update 1st Half 2026
In Q4 2025,Broome* recorded a median house price of $812,000,and a median unit price of $470,000.This represents anannual (Q4 2024 – Q4 2025)median price growth forhouses at 3.8%and 9.3%for units. Total sales decreased between Q4 2024 – Q4 2025,by -46.3% (to 43for houses in Q4 2025) and by -52.0% for units (to 12 sales in Q4 2025). Price growth alongside less sales suggests an undersupply in the market, for houses and units. This creates an opportunity for owners, to capitalise ontheir investments. For buyers, with almost no new stock in the pipeline, now is an ideal time toact; before there is further price growth. 33 $812K $470K
MEDIAN PRICE Q4 2025 MEDIAN PRICE Q4 2025
AVERAGE DAYS ON MARKET Q4 2025
46 $750 HOUSE UNIT
AVERAGE DAYS ON MARKET Q4 2025
Broome will see approximately$99.6M ofnewprojectsduetocommence constructionbetween2025and2027.
The 154 Frederick Street Health & Wellness & Childcare Centre ($6.1M) and Sanctuary Village and Over 55 Village mixed use developments are planned in Broome. This will provide more amenities toresidents and create new local jobs in the pre and post construction phases.
There are several key infrastructure projects planned for construction in 2025and 2027,including the Broome Boating Facility, Port of Broome Cruise Terminal, Frederick Street Broome Recreation and Aquatic Centre Roundabout, and Kimberley District Support Facility. These will improve liveability for current residents.
There is almost noresidential projects commencing between 2025and 2027, which suggests a reliance on previous project builds and current stock.
With a market undersupply already in place, the absence of significant new stock suggests this will remain. The potential for higher house prices is very likely, having a multiplier effect on other property types.
35 28 $1.1K Dwellings 3
AVERAGE VENDOR DISCOUNT*
Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.
In the past 12months to Q4 2025average vendor discount for houses and units have swung to premiums of 0.9%and 2.5%, respectively. The market favours sellers; where buyers must offer higher thanthe initial listing price. This creates an ideal opportunity forowners. With a significant and continuing undersupply seen across the Broome* market buyers must act fast, before current premiums climb even higher.
The suburb of Broome has historically provided a more affordable median house and unit prices compared to the wider Broome Local Government Area (LGA). 2025# saw house prices becoming a premium in the area, whilst unit prices continue to be more affordable.
The dominant proportion of homes sold in Broome* in 2025# were in the most affordable price range of less than $749,999(41.2%). Thatsaid, 20.8%were sold ata premium price point, of $900,000and above. Conversely to the house market, most unit sales (41.9%) were in the premium price bracket of $550,000and above, and the affordable price bracket of $400,000-$499,999(26.6%). Overall, there are opportunities forbuyers and sellers in Broome*.
MARKET COMPARISON
The market comparison graph provides a comparative trend for the median price of houses and unit in the past
years. The main LGA profiled was chosen based on their proximity to the main suburb analysed, which is Broome.
$400,000 to $449,999
$450,000 to $499,999
$500,000 to $549,999
$550,000 and above
5
RENTAL GROWTH 2025€
House rental yields in Broome¥ was 6.9% in December 2025,quite like Broome LGA (7.5%) but higher than Perth Metro (3.8%). This was paired with a 12.8%increase in median house rental price in the past 12 months to Q4 2025,at $1,000per week. The number of houses rented also increased, by 14.0% in the past 12 months, to 65 rentals in Q4 2025. This suggests a highly demanded rental market in Broome¥. A similar trend was seen in the unit’s rental market, which is beneficial to investors seeking a slightly more affordable option to Perth Metro.
2-bedroom houses have provided investors with +24.1%rental growth annually, achieving a median rent of $850per week.
Broome¥ recorded a vacancy rate of 1.1%in December 2025, lower than the Broome LGA’s 1.5% but slightly higher thanPerth Metro 0.7% average. Vacancy rates in Broome¥ declined slightly in the past 12months, indicating a tighter rental market. Moreover, a 1.1% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, suggesting quicker occupancy of rental homes. Overall, this presents a conductive environment for investors.
RENTAL VACANCY RATES 2025
Broome¥
Broome
PROJECT DEVELOPMENT MAP 2025-2027 ₳
BROOME
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REFERENCES
* Broome sales market data and key indicators encapsulates aggregate property market conditions within the suburbs of Broome, Djugun, Bilingurr and Cable Beach.
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
# 2025 encapsulates sales transactions for the 2025 full year (01/01/2025-31/12/2025).
€ Annual rental growth is a comparison between Q4 2024 (01/10/2024 – 31/12/2024) and Q4 2025 (01/10/2025 – 31/12/2025) house median rent figures.
¥ Broome rental market data encapsulates aggregate property conditions within the postcode of 6725.
§ Rental yields and vacancy rates shown are as reported as of December 2025.
₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
£ Projects refers to the top developments within the suburbs of Broome, Djugun, Bilingurr and Cable Beach.
µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.
Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.
Disclaimer: PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material.
Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2026.
