Suburb spotlight on: Victoria Park, WA

Who’s got top market share?

Compact and relaxed, Victoria Park slopes down to picturesque river parklands just opposite Perth CBD on the Swan River. Streets of heritage housing are situated among the broad mix of architecture, providing homes to urban professionals, mature couples and families. Only a 15-minute drive from the CBD, Victoria Park has the variety and lifestyle on which a savvy new business could capitalise.

Let’s look at the market share in the area. Baston & Co Property has the highest market share at 20%, followed by LJ Hooker Victoria Park at 15%. Peard Real Estate Victoria Park rounds out the top three with 9.2%.

Residents are predominantly singles and families, with the majority - 56% - currently renting a property. According to CoreLogic Data, a three bedroom home has an average price of $605K, with the average rent for the same size property sitting at $400 per week. It’s a higher demand market than average with 375 online property visits per property, in comparison with the 201 WA average.

For young families and single professionals, it’s an excellent suburb in which to buy and currently trending upwards in value. Victoria Park presents 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.

Contact:

Andrew McCulloch | +614 7903 9440