Who’s got top market share?
The value of property in Yeronga has increased significantly over recent years. In fact, Domain data shows that the median house price has increased from $620,000 in 2013, to where it sits today at $830,000.
Let’s look at the top market share positions today. McGrath sits in top spot with 22 per cent share, followed closely by LJ Hooker with 18 per cent. RE/MAX rounds out the top three with 7 per cent market share.
The Yeronga market suits investors, with over 40 per cent of residents renting and plenty of apartments at the more affordable median price of $440,000. Corelogic data tells us the average three bedroom apartment in Yeronga will rent for $480 per week, giving savvy real estate businesses the opportunity to build a successful sales and property management operation.
The opportunity to open a business in the heart of Yeronga is with Ray White. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
Contact:
Andrew McCulloch | +614 7903 9440
