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Who’s got top market share?
A former working dockland, Woolloomooloo is the ideal mix of waterfront location and Sydney CBD living. The renovated Finger Wharf is home to world-class restaurants, apartments and hotels, all with stunning harbour views. It’s the perfect spot for young, single professionals looking for a harbourside haven. With only a short walk to the city centre and minutes from the adjacent Domain, Woolloomooloo is a historic, stylish suburb and in a great location for an ambitious new office.
Let’s look at the market share in the area. Morton - Woolloomooloo has the highest market share at 29%, followed by BresicWhitney Darlinghurst at 14%. Charles & Stuart rounds out the top three with 11%.
Woolloomooloo is predominantly made up of singles at 78% of the population with an average age of 20-39. According to CoreLogic data, the main property type in the area is a one-bed unit selling for an average of $858k. However, Woolloomooloo is overwhelmingly a rental market, with 74% of residents renting a property. It’s also a high demand area, with 1586 online visits per property compared to the NSW average of 860.
A haven for singles and young couples, Woolloomooloo is the perfect spot for those looking for a stylish waterfront location while still enjoying proximity to the city. A sales office looking for a lucrative rent roll would do very 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.
