Suburb spotlight on: Scarborough, WA
Who’s got top market share?
Golden beaches and a laid-back vibe await in the attractive coastal town of Scarborough. It’s a real mixed bag of property with options for everyone; seaside mansion, beachy apartments and suburban homes. A sales business in this surf town will do well – Scarborough is on the up and expected to continue rising into next year as WA sees an upward turn in the market.
Let’s look at the market share. Realmark Coastal has the greatest market share at 15%, closely followed by Peard Real Estate Scarborough and O’Rourke Realty Investments at 13%.
Scarborough is still an affordable suburb, with a CoreLogic data telling us that the median house price is $760,000 for a three bedroom home. Opportunity is ripe for a very profitable rent roll with a significant proportion of the population made up of singles at 66%, and the average age in the area 20-39.
A chilled out surf community with a lively esplanade, Scarborough offers a prime spot for a smart new Ray White business in this growth area. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.