Suburb spotlight on: Sandgate
Who’s got top market share?
Sandgate is a town on the up. Once traditionally a town for retirees, the recent trend has been for families and young professionals to move into the area, presenting a lucrative opportunity for a savvy sales business. It’s a high demand market with property visits averaging around 724 compared to 295 in the rest of QLD.
Let’s look at the market share in the area. Sandgate Real Estate has the greatest market share at 19%, followed by RE/MAX Property Shop at 13%. Coronis Bracken Ridge rounds out the top three with 5.9%.
CoreLogic data tells us the median house price is an affordable $600,000 with three bedroom houses being the most popular in the area. In fact, of the 66 sales this year alone, 34 of them were three bedroom properties. There’s a good opportunity here for investors, with the data telling us that the average rent price is $440 per week.
A town with a growing and shifting population, flourishing Sandgate offers the opportunity for a successful Ray White business. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.