20 Streeter Avenue

Broome WA 6725

GET IN NOW BEFORE THE MAKET BOLTS!
BROOME HAS ALWAYS BEEN A GREAT SPOT FOR PROPERTY INVESTING WITH STRONG CAPITAL AND RENTAL GROWTH AVERAGES BEING ACHIEVED OVER A LONG PERIOD PRIOR TO THE WIDE SPREAD EFFECTS OF THE GLOBAL FINANCIAL CRISES. THE SUBJECT PROPERTY IS A TRIPLEX SITE THAT OFFERS AN INVESTOR, DEVELOPER OR OWNER OCCUPIER POTENTIALLY LUCRATIVE UPSIDE WITH FURTHER DEVELOPMENT OPTIONS OR BY HAVING A HOLD STRATEGY ON THE PROPERTY WHILST THE DEMAND FOR HOUSING IN THE AREA GROWS AROUND INDUSTRY DRIVEN DEMAND THAT IS OCCURRING. THE SUBJECT PROPERTY ENJOYS A GOOD SIZED LAND HOLDING OF 993M2 AND IS SITUATED ON THE CNR OF STREETER AVENUE AND DICKSON STREET BROOME PROVIDING ACCESS OFF BOTH ROADS INTO THE BLOCK. IT HAS AN R30 ZONING WHICH UNDER THE ADVICE OF THE BROOME COUNCIL MAKES THE PROPERTY SUITABLE FOR A THREE UNIT SITE UNDER THE CURRENT TOWN PLANNING SCHEME. THE UNITS IF BUILT UP WILL VIEWS OF THE OCEAN AND ARE SITUATED IN THE ORIGINAL PART OF BROOME WHICH IS APPEALING TO A GOOD SEGMENT OF THE MARKET. THE HOUSE IS LOCATED TO THE NORTH WEST PORTION OF THE BLOCK WHICH ALLOWS FOR THE HOUSE TO RENT WHILST THE RESIDUAL LAND IS DEVELOPED OR WHY A SUBDIVISION PLAN IS SUBMITTED TO COUNCIL. WHAT DRIVES PROPERTY PRICES UP OVER SHORT, MEDIUM AND LONG TERM PERIODS IS DEMAND VS. SUPPLY. WHAT IS ALREADY HAPPENING IN BROOME IS THERE IS AN INCREASE IN DEMAND FOR RENTALS WHICH IS PREDICTED TO CONTINUE GOING INTO THE FUTURE. THERE IS A LOT OF FOCUS ON BROOME AND THE CORE PRINCIPLES THAT DETERMINE THE GROWTH IN PROPERTY PRICES, BEING DEMAND EXCEEDING SUPPLY LOOK TO BE WORKING FAVOURABLE IN THE LANDOWNERS FAVOUR WITH POTENTIAL SPIKES IN DEMAND AROUND INCREASES IN MINING AND INDUSTRY RELATED BUSINESS IN AND AROUND BROOME. THERE ARE A NUMBER OF KEY ECONOMIC DRIVERS IN THE AREA THAT HAVE SURFACED IN RECENT TIMES THAT COULD HAVE THE EFFECT OF DRIVING PRICES UP OVER THE NEXT 12-36MONTHS AND BEYOND. THERE HAVE BEEN PERIODS OF NEGATIVE GROWTH IN MANY PROPERTY SEGMENTS AROUND WESTERN AUSTRALIA WITH AREAS OF ECONOMIC SIGNIFICANCE BUFFING THE TREND AND ACTUALLY INCREASING STEADILY AND IN SOME CASES RAPIDLY. THESE AREAS ARE MAINLY AREAS THAT ARE EXPERIENCING MINING AND RESOURCES RELATED GROWTH IN WORK RELATED POPULATION. THIS IS A VERY GOOD OPPORTUNITY TO GET INTO THE MARKET AT AN AFFORDABLE PRICE WITH POTENTIALLY HUGE UPSIDE. BE QUICK TO CALL MICHAEL HALES ON 0421 64 88 91