Broome will need to see continued investment in mining and tourism to reignite demand for housing and vacant land, according to PRDnationwide. PRDnationwide research analyst Angus McLean said Broome’s property market had been kept in good health over the past 10 years by fluctuating fortunes in the WA mining sector and a shortage of available dwellings to accommodate resource workers. However, with a slowing in the market over the past few months, the town will need continued investment to continue the long-term trend of a healthy market.
Posted on: Thu, 15 Aug 2013 23:23:33 +0000
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