Suburb spotlight on: Glen Iris, VIC
Who’s got top market share?
Leafy, peaceful and affluent, Glen Iris is one of Melbourne’s favourite suburbs. Just south-east of the city and only 30 mins by train into the CBD, Glen Iris is an established suburb with charming period homes and a village atmosphere. A sales office looking to build up a steady, loyal and lucrative client base would do well here.
Let’s look at the market share in the area. Marshall White – Stonnington at 16% has the highest market share, followed by Jellis Craig Stonnington and Jellis Craig Hawthorn who share 12% each.
According to CoreLogic data, the median house price is $1.998 million, with a three bedroom house selling for $1.803 million on average. There is a significant opportunity for a profitable rent roll in the area, with the average per week rent sitting at $735, with a growing range of units and apartments becoming available in the area.
A green, leafy quiet suburb, with plenty of amenities on the doorstep, make Glen Iris an excellent place for families to grow. This in-demand town could be a lucrative opportunity for a savvy Ray White office. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.