Suburb spotlight on: Ashburton, VIC
Who’s got top market share?
Ashburton has steadily gentrified over the decades to become a peaceful leafy green suburb with a village-like atmosphere. Accessible transport systems and proximity to excellent local schools have made it a haven for families. It’s no wonder that all trends are pointing upwards for house prices in Ashburton. The area boasts a steady, lucrative market for an office willing to build up loyalty in the area.
Let’s look at the market share in the area. Buxton Ashburton has the highest market share at 20%, followed by Marshall White Boroondara at 18%. Jellis Craig Hawthorn rounds out the top three with 17%.
According to CoreLogic data, the median house price is $1.8 million, with the most popular property being a three-bedroom house. The average rental rate is currently $650 per week with 30% of the population living in rental property. Families and singles comprise almost 50% of the population each, with an average age of 40-59. Ashburton is a very high demand market, with 1492 online visits per property compared to the 904 Victoria average.
The perfect family lifestyle makes this lucrative area a great option for an experienced sales office. Is it the right time to open a Ray White office here? If it’s of interest to you, we can help you build a competitive business. Talk to us today.