Suburb spotlight on: Butler, WA
Who’s got top market share?
Perth’s property market continues to stabilise with reports of strong sales and increased buyer activity – good news for agents thinking of setting up an office in the suburbs. Butler is located in the northern suburbs of Perth and is only a 30-minute drive from the CBD. Families enjoy access to local schools and extensive parklands, making this an affordable and convenient place to raise a family.
Let’s look at the market share in the area. RE/MAX Extreme-Butler has the highest market share at 38%, followed by Peard Real Estate Mindarie at 14% and RE/MAX Extreme-Currambine at 7.4%.
Four-bedroom houses are the most popular purchase in the area, reflecting the 52% of families that make up the area’s population. CoreLogic data tells us that buyers can expect to pay an average of $430,000 for a house with an average rental price of $300 per week. Opportunity is ripe for a very profitable sales office opening in the area.
A perfect suburb for families looking to buy out of the city but still within commuting distance, Butler offers an excellent opportunity for a clever new Ray White business. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
Andrew McCulloch | +614 7903 9440