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Who’s got top market share?
Tipped as the last affordable Brisbane suburb close to the CBD, Cannon Hill is just east of the popular and more expensive Bulimba and Morningside. The latest predictions suggest that this charming enclave won’t stay affordable for much longer, with excellent transport and local amenities already pushing prices up in Cannon Hill. The time is ripe for a new sales office in the area.
Let’s look at the market share in the area. Place Estate Agents - Bulimba has the highest market share at 27%, followed by LJ Hooker Cannon Hill at 9.5%. Class Real Estate rounds out the top three with 7.8%.
CoreLogic Data tells us that Cannon Hill currently has an average house price of $784,000, with the median rent sitting at $480 per week. The area has a younger demographic of 20-39, 56% of whom are singles and 44% are families. It’s a high demand area - online visits per property are at 441, while the QLD average sits at 342 visits.
Cannon Hill represents a valuable opportunity with plenty of potential for a savvy sales team. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
