Suburb spotlight on: Algester, QLD
Who’s got top market share?
Peaceful, friendly and nestled just on the outer suburbs of Brisbane, Algester is the perfect community for families. Plenty of local amenities combined with popular local schools and an easy commute into the CBD, make Algester a highly sought-after suburb. A good mix of houses and apartments at affordable prices are an exceptional opportunity for first-time buyers and those with young children. 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 Algester has the highest market share at 35%, followed by Belle Property Calamvale at 6.7%. QMT Realty rounds out the top three with 5.9%.
The suburb is populated by young families and singles each making up around 50% of residents, with an average age of 20-39. CoreLogic Data tells us that Algester currently has an average house price of $520K with the median rent sitting at $420 per week. It’s a high demand area – online visits per property are at 556, while the QLD average sits at 361 visits.
Ideally located on the outskirts of Brisbane and only 40 minutes from the Gold Coast, Algester represents a lucrative opportunity for growth for a savvy sales team. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.