Who’s got top market share?
The bustling seaside suburb of North Fremantle is one to watch in 2018. The well-heeled outer Perth suburb is growing in demand - a town leading the way in price growth in 2017. A chilled out nightlife with plenty of cafes, bars and restaurants combined with cooling afternoon sea breezes makes the area a favoured spot for locals and tourists alike. It’s a great place for a new sales office to establish their niche.
Let’s look at the market share in the area. ACTON Cottesloe has the highest market share at 17%, followed by William Porteous Properties International Pty Ltd and Abel Property Cottesloe both at 13%.
Residents are singles and families, with the rental market sitting at 40% and owner occupiers at 31%. According to CoreLogic Data, a three bedroom home has a median price of $1.1 million, while a unit costs an average of $850,000. Median rent for a unit is currently $530 per week. North Fremantle is a high demand market with each property getting an average of 297 online visits, compared to the WA average of 198.
A perfect suburb for singles and families looking for a bustling seaside vibe close to Perth, North Fremantle offers an excellent opportunity for a clever new Ray White team. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
