Broome weekly rent prices soar to $1160 per week

Broome’s median weekly rent price continues to be among the most expensive in the State, with recent figures showing an almost 24 per cent increase over the past year.

According to Real Estate Institute of WA figures, the median weekly rent increased to $1160 in the past year.

Under that rate, it costs $59,800 to rent in Broome home for 12 months, eating up 55 per cent of the median household income of $108,732 per year ($2091 per week), according to 2021 Census data.

The median weekly rental price for a two-bedroom home is $550, while a three-bedroom home is $720 and a four-bedroom home is $1600.

The median weekly rental price for units in Broome was $700, with a one-bedroom unit costing $475 per week and a three-bedroom unit costing $900.

Rent costs in Broome remain some of the highest in the country, with the cheapest rental listed in Broome on reiwa.com.au advertised for $1000 per week for a three-bedroom, two-bathroom home.

According to the Real Estate Institute of WA, Broome has experienced an annual rent growth rate of 40.6 per cent over the past year and has a median monthly rental price of $1160.

The increase in prices comes despite Broome recording an expected population growth rate of minus 5.78 per cent.