Who’s got top market share?
The time is ripe for a boom in the Brisbane’s south-west suburbs. So far these suburbs have been overlooked by buyers, but with affordable house prices, proximity to the city and modern local amenities, families looking for bang for their buck are starting to take notice. Property developers are also looking at the area, making it a potentially profitable time for investors. A smart sales team could capitalise on these encouraging signs.
Let’s look at the market share in the area. Professionals Oxley has the highest market share at 24%, followed by RE/MAX Riverside at 8.6%. Rightway Realty rounds out the top three with 6.9%.
CoreLogic Data tells us that Darra currently has an affordable market, with the average house selling for $420,000. The median rental rate is $350 per week. The affordable prices reflect a younger demographic of 20-39, 56% of whom are singles and 44% are families. It’s a high demand area - online visits per property are at 518, while the QLD average sits at 338 visits.
Darra is brimming with potential for a savvy sales team. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
