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Who’s got top market share?
St Marys is a small suburb with big ambition. Nestled between the Blue Mountains and Sydney, this outer west area is experiencing a real estate growth spurt. A significant factor is a recent decision to build a new airport at Badgery Creek, which will be serviced by a proposed new rail link from St Marys. While housing prices continue to be affordable, now could be the ideal time to capitalise on St Marys. New housing developments in the area and plenty of local amenities make St Marys a lucrative opportunity for a new sales office.
Let’s look at the market share in the area. Raine & Horne St Marys has the highest market share at 22%, followed by St Marys Professionals Real Estate at 5.5%. LJ Hooker St Marys rounds out the top three with another 5.5%.
St Marys is predominantly made up of singles and young families at 62% and 38% of the population, respectively. The average age is 20-39. According to CoreLogic data, the most popular property type in the area is a three-bedroom house, selling for an average of $574k. 48% of residents are renting, paying an average of $390 per week for a unit, presenting an excellent opportunity for a lucrative rent roll.
St Marys affordable prices and promising future infrastructure make this an attractive suburb for investors and young families. A sales office looking for a new opportunity would do well in this suburb. If it’s a place of interest for you, we can help you build a competitive business. Talk to us today.
