Who’s got top market share?
For those looking for the lifestyle trifecta of perfect location, iconic Sydney views and plenty of foodie delights, Pyrmont is the ideal place. A playground for financially independent singles, Pyrmont boasts low maintenance apartment blocks perfect for those with a busy social life and demanding corporate job. An office with a similar outlook could be perfect for this location.
Let’s look at the market share in the area. Morton-Pyrmont has the highest market share at 22%, followed by LJ Hooker Pyrmont at 14%. Raine & Horne City Living, Pyrmont rounds out the top three with 12%.
Pyrmont is a haven for singles, with apartments being the dominant property type in the area, along with a sprinkling of houses. According to CoreLogic data, the average price for an apartment in the suburb is a cool $1million, with the average rental rate currently sitting at $755 per week. It’s a steady, lucrative market and represents an excellent opportunity to establish a successful rent roll for the right office.
Residents of Pyrmont love being at the centre of the action with proximity to Sydney CBD. A sales business with the same attitude can seize the opportunity to establish a profitable office. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
