Who’s got top market share?
Situated in the sweet spot between Sydney CBD and Parramatta CBD, Ashfield is a mixed bag of one bedroom units and grand old Victorian mansions. Residents are equally eclectic, with young professionals, families and older residents all taking advantage of the proximity to the Sydney CBD.
The area benefits from the rising market value of Sydney’s Inner West but retains a relatively affordable price range of $1.2 - 1.5 million. It makes for a competitive but steady market for a sales business.
Let’s look at the market share in the area. LJ Hooker Ashfield has the greatest market share at 13%, followed by Raine & Horne Ashfield at 12%. Elders Inner West - Ashfield rounds out the top three with 9%.
The median house price in Ashfield currently sits at just over $1.67 million and the most popular buy is a three-bed home. The rental market is also lucrative with independent young people making up 30% of the population and an average rental price of $650 per week.
Ashfield offers an opportunity for a savvy Ray White business in one the most overlooked Inner West suburbs. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
Contact: Andrew McCulloch | +614 7903 9440
