Who’s got top market share?
The small, quiet suburb of Belrose is in the perfect spot. It enjoys proximity to beaches and national parks, giving it a leisurely holiday feel and remaining small enough for a friendly tight-knit community. It’s no surprise that it’s a suburb gaining a reputation in the industry as a place to watch.
The area is in high demand with an average of 1,248 views per property, compared to the 847 average in the rest of the state. Despite its rising popularity, Belrose retains a relatively affordable price range of $1.5 million for a three bedroom house. It makes for a competitive but steady market for a sales business.
Let’s look at the market share in the area. First Nationals Frenchs Forest has the greatest market share at 23%, followed by Belle Property Frenchs Forest at 16%. Parnell Partners Estate Agents rounds out the top three with 14%.
With the majority of the market made up of older families with purchasing power, Belrose is a very lucrative spot for real estate, offering the right agency the chance to build up a steady and loyal customer base. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
