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Suburb spotlight on: Kangaroo Point
Who’s got top market share?
The value of property in Kangaroo Point has increased significantly over recent years. In fact, Corelogic RP Data shows that the median house price has increased from around $627,000 in 2012, to where it sits today at over $850,000.
Let’s look at the top market share positions today. Place holds the highest share at 10 per cent. LJ Hooker and McGrath both have 6 per cent, followed by Harcourts with 3 per cent market share.
The Kangaroo Point market suits investors, with 60 per cent of residents renting and plenty of apartments at the more affordable median price of $535,000. Corelogic RP Data tells us the average two bedroom apartment in Kangaroo Point will rent for $475 per week, giving savvy real estate businesses the opportunity to build a successful sales and property management operation.
The opportunity to open a business in the heart of Kangaroo Point is with Ray White. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.