Where a third of purchases are investments.
A buzzing marketplace, the Gold Coast suburb of Nerang saw nearly 450 sales in the last 12 months, 65 per cent of which had a sale price between $300,000 and $500,000. The affordability of the area has attracted investors - in fact, according to PriceFinder data, 33 per cent of local residents are renting. For sales and property management businesses, this is a suburb you can capatilise in.
Let’s look at the top four market share positions today. LJ Hooker holds the highest market share with 20 per cent. First National has 14 per cent, RE/MAX holds 8 per cent and Harcourts comes in with 4 per cent.
In the past two years, the median house price has steadily risen. CoreLogic RP Data shows that in the four years since 2012, median house price increased from $332,000 to $418,000.
A family-oriented area, 58 per cent of residents are under 45, with 20 per cent 14 or younger, showing that Nerang is a suburb where families raise their kids.
The opportunity to open a business in the heart of Nerang is with Ray White. If it's an area of interest for you, we can help you build a competitive sales and property management business. Talk to us today.
Contact:
Andrew McCulloch | +614 7903 9440
