In Broomehill Village there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Broomehill Village due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Broomehill Village leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Broomehill Village to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|48 INDIA ST, BROOMEHILL VILLAGE, WA, 6318||3||1||2||$235,000|
|40 KEITH ST, BROOMEHILL VILLAGE, WA, 6318||4||2||2||Under Contract|
|30344 GREAT SOUTHERN HWY, BROOMEHILL VILLAGE, WA, 6318||$120,000|
|15 JOURNAL ST, BROOMEHILL VILLAGE, WA, 6318||4||2||1||$275,000|
None within suburb boundary(While the above schools are located with the suburb of Broomehill Village there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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