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Who’s got top market share?
Yeronga is located on the south side of Brisbane, occupying a prime pocket of river bank. The suburb is a hidden gem, enjoying beautiful city views, leafy streets and proximity to two train stations. It has all the amenities you would expect from a thriving Brisbane suburb; coffee shops, great local shopping, cycle paths and green parks. Acclaimed local schools, easy access to the University of Queensland and a short commute into the city make this a highly sought-after location. A new sales office could capitalise on this opportunity for a growing market.
Let’s look at the market share in the area. LJ Hooker Annerley/Yeronga has the highest market share at 23%, followed by McGrath Estate Agents Annerley/Yeronga at 23%. Ray White Annerley rounds out the top three with 11%.
The suburb is populated by a mixture of independent youth (18%), established singles (14.7%) and older couples and families (14%). CoreLogic Data tells us that Yeronga currently has an average house price of $810K with the median rent sitting at $465 per week. It’s a high demand area - online visits per property are at 536, while the QLD average sits at 375 visits.
Yeronga is one of the more affordable suburbs of Brisbane, a little enclave of leafy streets and riverside properties. The neighbourhood represents a lucrative opportunity for growth for a talented sales team. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
