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Who’s got top market share?
Beautiful Margaret River has a little bit of everything - surfing, wineries, boutique shopping and plenty of quality amenities for the friendly residents. The wineries, in particular, bring a busy tourist vibe to the town, with many bustling cafes and high-quality restaurants. In a reflection of this economy, residents mainly work in the hospitality or manufacturing sectors. It’s also a popular destination for people seeking a sea-change in a stunning setting. Margaret River has the variety and lifestyle on which a savvy new business could capitalise.
Let’s look at the market share in the area. Stocker Preston Margaret River has the highest market share at 49%, followed by Margaret River Real Estate First National at 26%. Acton South West - Margaret River rounds out the top three with 17%.
Residents are almost an even split between families and singles, with a majority currently purchasing a property. According to CoreLogic Data, a four-bedroom home has an average price of $511K, with the average rent for the same size property sitting at $400 per week. Housing prices have shown an upward trend over the past couple of years.
For young families and those seeking a sea-change from city hustle and bustle, Margaret River is stunning place in which to live, presenting an ideal opportunity for a smart new Ray White team. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
