Who’s got top market share?
The beachside towns of Victoria’s coast are booming. And why not when owners can live next to some of the best beaches in the world? Torquay is no exception, seeing a 16% growth in the last five years as the town changes from holiday makers to more permanent residents looking to escape Melbourne.
Let’s look at the market share in the area. McCartney Real Estate at 24% has the greatest market share, with Fruit Property and LINKS Property sharing the second spot at 14%.
The area is a high demand market, with buyers camping out for the night to have the chance of grabbing a parcel of land. CoreLogic Data tells us that the median house price in Torquay is a healthy $720,000 with four bedroom houses the most popular buy. It’s an investors market, with an average rent of $480 per week for a three bedroom housing.
No longer the choice of holiday-makers alone, Torquay is a thriving beachside haven for those looking for a change in lifestyle; the sun could shine on a profitable Ray White office. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
