Suburb spotlight on: Woodford, QLD
Who’s got top market share?
Small, but oozing with charm and history, Woodford is a town discretely on the up. The unprecedented growth of its high profile annual folk festival along with the interest of stressed-out city dwellers looking for a tree-change has led to increased demand in this pretty town.
Let’s look at the market share in the area. Raine & Horne – Woodford has the highest market share at 43%, followed by LJ Hooker Woodford at 29%. Elders Real Estate Woodford/Kilcoy rounds out the top three with 8.6%.
Housing prices in the area are very affordable by city standards with CoreLogic Data telling us that the median house price is $355,000 and this figure is set to grow. It has a relatively young demographic of 20-39-year-olds with families and couples making up the majority of the market.
Only an hour out of Brisbane CBD, but offering a complete lifestyle change, Woodford provides a valuable opportunity for a smart business with plenty of growth potential. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.