Who’s got top market share?
Promising the quintessential suburban Australian lifestyle, Gymea is perfectly positioned on the commuter route into Sydney, only 54 mins by train and a short 38 mins by car. Accordingly, house prices have risen dramatically over the last few years, with Sutherland’s median matching those of Sydney’s inner suburbs. It represents an excellent opportunity for a new sales office.
Let’s look at the market share in the area. Century 21 Jeffree Real Estate has by far the highest market share at 31%, followed by Highland Property Agents - Sutherland at 9.9%. Newton Real Estate rounds out the top three with 5.8%.
The area is in high demand with an average of 1,237 views per property, compared to the 851 average in the rest of the state. The steady growth in the past few years has seen Gymea’s median house price rise to $1.039 million and a 75% auction clearance rate. With a market made up of established and maturing families, Gymea makes for a competitive but stable market for a sales business.
Families are moving to Gymea for the suburban lifestyle and larger houses; it’s a lucrative opportunity for the right agency. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
