Broome is on the cusp of an interesting transformation from a tourist town that supports the Pearling industry (or vice versa) to one that will now be supporting the oil & gas venture on its doorstep.
There has been a noticeable reduction in the number of houses on the market as a result of recent investor activity.
This is all likely to shape into a very interesting property story over the next year or so. It is expected that there will also be an influx of people to the town as a result of the Gorgon project in Karratha to the south as that heats up the property market down there.
Does anybody have any thoughts about this place as an IP strategy.
I have just read that the Broome North development will go ahead and provide blocks of "affordable" value into the future as the town predictably grows by another 13000 people of over the next 10 years.
How will this affect price growth there??
Pango.
There has been a noticeable reduction in the number of houses on the market as a result of recent investor activity.
This is all likely to shape into a very interesting property story over the next year or so. It is expected that there will also be an influx of people to the town as a result of the Gorgon project in Karratha to the south as that heats up the property market down there.
Does anybody have any thoughts about this place as an IP strategy.
I have just read that the Broome North development will go ahead and provide blocks of "affordable" value into the future as the town predictably grows by another 13000 people of over the next 10 years.
How will this affect price growth there??
Pango.