38 Demco Drive, Broome WA 6725
38 Demco Drive, Broome WA 6725
premium waterfront pocket | large lots | view potential | mixed older and newer homes | heritage overlay consideration
This property sits in one of Broome’s more tightly held waterfront pockets, where larger lots and view-oriented homes set the street apart from typical suburban stock. The surrounding character is low-density and executive, with a mix of established houses, newer builds, and vacant land offering infill potential. That combination makes the area attractive to owner-occupiers, upgraders, and sea-change buyers seeking a premium coastal lifestyle rather than a standard family estate. The property itself is likely to benefit from the street’s strong demand and limited turnover, particularly if it holds any Roebuck Bay view or elevated orientation. For the right buyer, this is a chance to secure a rare landholding in a street that consistently trades above Broome’s more conventional residential locations.
Value may be shaped most by land size and the precise position of the house on the lot, as view exposure and privacy vary along the street. A heritage overlay on part of the area might limit major redevelopment or require additional approval, so the practical development flexibility of this property should be confirmed early. The age and condition of the dwelling, if one exists, will also carry weight against nearby renovated or newly built homes. Buyers should weigh whether they are paying for land and location first, with the house as a secondary factor, or for a finished home where presentation and internal layout justify a premium. Because the street shows uneven holding periods and some long-term owners, well-priced properties may still sell quickly, while overpriced ones could sit longer.
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Demco Drive, Broome WA 6725
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Broome is tightly held and undersupplied. Rental demand drives the market: house rentals rose 14.0% year-on-year, vacancy is 1.1%, and gross yields reach 6.9-8.1% for houses and 11.4% for units, anchoring investor interest. Price signals are mixed—median house prices range from $595,000 to $812,000, with annual growth between -15.0% and +3.8%; PRD shows unit prices up 9.3% to $470,000. Transactions have thinned, with house sales down 46.3% and unit sales down 52.0% year-on-year, reinforcing an undersupplied but illiquid market. Future supply is limited: no significant residential projects are planned, though $99.6M in broader works will commence through 2025-2027, led by the $6.1M Frederick Street health and childcare centre. Thin sales volumes and varied price signals temper the outlook for uniform capital growth.
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PropCred Estimated Value
Comparable Sales: 4 Demco Drive sold $835,000; 65 Demco Drive sold $1.03M | Property Price Band: $800K–$900K | Value Drivers: land size, view orientation, condition and age
Bedrooms
2
Bathroom
1
Parking
4
Land
727m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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