Who’s got top market share?
Russell Island is a place to watch. Traditionally a holiday island among the beautiful Moreton Bay Islands area, canny investors are capitalising on the affordability of land, while wealthy sea-changers are buying a slice of the good life. All of this is presenting a lucrative opportunity for a sales business looking for a challenge.
Let’s look at the market share in the area. Ray White Russell Island has the greatest market share at 63%, followed by Russell Island Real Estate at 19%. LJ Hooker Bay Islands rounds out the top three with 5.4%.
CoreLogic Data tells us the median house price is a very affordable $300,000 with three bedroom houses being the most prevalent on the Island. In fact, of the 35 sales this year so far, 27 of them were three bedroom properties. House prices are trending upwards in the area with a rise of around $30,000 for a home in the past year alone.
An island with a growing and changing population with plenty of opportunity for holiday homes, picturesque Russell Island offers the opportunity for a forward thinking Ray White business. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
