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Suburb spotlight on: West Perth
Who’s got top market share?
West Perth has remained a competitive marketplace with 132 sales in the last 12 months alone. Corelogic data shows that the median house price has stabilised over recent months at around $680,000.
Let’s look at the top market share positions. Acton and Realmark share the top spot, both with 6 per cent share, followed by LJ Hooker with 4 per cent. Abel McGrath rounds out the top three with 3 per cent market share.
The West Perth market suits investors, with over 62 per cent of residents renting and plenty of apartments at the affordable median price of $512,000. Corelogic data tells us the average three bedroom apartment in West Perth will rent for $515 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 West Perth 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.
