28 Koolama Drive, Cable Beach WA 6726
28 Koolama Drive, Cable Beach WA 6726
Quiet prestige street | large-block family living | tropical entertainer layout | heritage controls apply | walkable to Cable Beach
The property sits within one of Cable Beach’s more established pockets, where larger homes on substantial lots are the norm rather than the exception. The configuration here suits a buyer wanting genuine space—both inside and outdoors—with room for vehicles, guests, and everyday family life. The tropical entertainer style, with multiple living zones and an ocean-facing outdoor area, gives it a holiday-at-home feel that appeals strongly to owner-occupiers seeking a lifestyle upgrade, as well as to investors targeting the premium rental end. Its position near parks and within easy reach of the beach and town centre reinforces the sense of a property that is as much about daily living as it is about setting. That combination of size, setting, and lifestyle orientation makes it a rare offering in this part of the suburb.
Value may be shaped by how the heritage controls affect future changes, since any renovation or extension could require additional approval and design consideration. The age of the build might also mean updating is needed in kitchens, bathrooms, or finishes to match current expectations at this level. The land size and the quality of the outdoor entertaining areas are likely to carry significant weight, as is the overall presentation on inspection. Buyers should weigh the cost of any modernisation against the strength of the location, which remains a solid anchor for long-term demand.
|| Comparable Sales: 3 Celtic Loop sold at $806,000; 20 Koolama Drive listed near $1.95M | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, outdoor living quality, heritage constraints on redevelopment
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Koolama Drive, Cable Beach WA 6726
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Cable Beach, in Broome’s coastal strip, remains a tightly held market. House stock fell 8.47% year-on-year, intensifying competition among buyers drawn to gross rental yields of 8.08% for houses and 12.07% for units. The median house price sits near $718,000, with annual growth between 4.32% and 6.8% depending on the source; homes sell in as little as 13 to 21 days. Units show divergence, with one median at $360,000 rising 2.86% while another fell 8.4%, reflecting patchy investor demand. Rental demand is strong—houses median $1,200 weekly, units $840—supporting future capital growth, though unit price volatility and modest sales volumes pose constraints.
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PropCred Estimated Value
Comparable Sales: 3 Celtic Loop sold at $806,000; 20 Koolama Drive listed near $1.95M | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, outdoor living quality, heritage constraints on redevelopment
Bedrooms
4
Bathroom
3
Parking
8
Land
1000m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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