Who’s got top market share?
Sunbury is a laid-back, family-oriented suburb on the fringe of the city; the folks who live there take pride in their proximity to the country. The area is growing, with new developments going up and infrastructure planned to accommodate the higher population. Sunbury is ideally positioned; close to the freeway for an easy commute into Melbourne, but far enough away to enjoy a peaceful lifestyle. Shops, schools and medical facilities are all on your doorstep, along with a friendly community spirit. Sunbury presents an exciting new opportunity for a sales office.
Let’s look at the market share in the area. YPA Estate Agents Sunbury has the highest market share at 21%, followed by Raine & Horne Sunbury at 15%. Leading Real Estate Sunbury Pty Ltd rounds out the top three with 14%.
According to CoreLogic data, the median house price in Sunbury is $540k, with the most popular property being a three-bedroom house. The average rental rate is currently $380 per week with 21% of people living in a rental property. 50% of residents are purchasing their houses, while 29% fully own their property.
Peaceful, convenient and affordable, Sunbury is ideal for young families and first home buyers looking to get into the market without compromising on a smaller property. It could be a lucrative prospect for an ambitious sales office. Is it the right time to open a Ray White office here? If it’s of interest to you, we can help you build a competitive business. Talk to us today.
