Suburb spotlight on: Yeronga, QLD
Who’s got top market share?
Yeronga used to be Brisbane’s best kept real estate secret, but now the word is out, and house prices are on the rise. With an entire section of the area situated right next to the Brisbane River, this suburb is quickly becoming popular, with a cafe culture and boutique stores heralding its arrival on the scene.
Let’s look at the market share in the area. McGrath Estate Agents Annerley/Yeronga has the greatest market share at 21%, followed by LJ Hooker Annerley/Yeronga at 16%. Ray White Annerley rounds out the top three with 10%.
Housing prices in the area have surged by over $100,000 since last year alone. CoreLogic Data tells us the median house price is now $850,000 but with high demand, this figure is set to grow. Its younger demographic of 20 to 39-year-olds make up the majority of the population with an excellent rent roll opportunity in the area. The average rental price is $375 per week.
At only 7kms from Brisbane CBD, Yeronga offers a valuable opportunity for a clever 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.