Who’s got top market share?
With 370 sales in the past 12 months, Pacific Pines is a buzzing property market. Home values have steadily increased over the years with PriceFinder data showing us that the median house price has lifted from around $440,000 in 2013 to where it sits today at $520,000.
Let’s look at the top market share positions today. LJ Hooker holds the highest share at 10 per cent. Raine & Horne has 6 per cent, followed by First National and Harcourts both with 4 per cent market share.
The Pacific Pines market suits investors, with nearly 40 per cent of residents renting and plenty of apartments at the more affordable median price of $340,000. Corelogic RP Data tells us the average three bedroom apartment in Pacific Pines will rent for $395 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 Pacific Pines 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
