Suburb spotlight on: Queens Park
Queens Park is one of the most profitable and competitive markets in the Eastern Suburbs of Sydney. More and more vendors are looking at this area, hoping to capitalise on the rising market. And no wonder; the median house price for the area is $2.5 million.
Let’s look at the market share in the area. Phillip Pantzer Donnelly has the greatest market share at 31%, followed by Belle Property Bondi Junction at 24%. McGrath Estate Agents – Eastern Suburbs rounds out the top three with 9.8%.
This prestige market is a prime spot for a smart sales business, with CoreLogic aata telling us that full ownership makes up 35% of property in Queens Park and 33% are in the process of purchasing. Of the 51 properties sold this year, 15 of them were three bedroom houses, bought by professionals of an average age of 40-50.
Queens Park offers the opportunity for a successful Ray White business in the heart of Sydney’s lucrative Eastern Suburbs. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.