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Suburb spotlight on: Yeronga
Who’s got top market share?
The value of property in Yeronga has increased significantly over recent years. In fact, Domain data shows that the median house price has increased from $620,000 in 2013, to where it sits today at $830,000.
Let’s look at the top market share positions today. McGrath sits in top spot with 22 per cent share, followed closely by LJ Hooker with 18 per cent. RE/MAX rounds out the top three with 7 per cent market share.
The Yeronga market suits investors, with over 40 per cent of residents renting and plenty of apartments at the more affordable median price of $440,000. Corelogic data tells us the average three bedroom apartment in Yeronga will rent for $480 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 Yeronga 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.