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Who’s got top market share?
Caulfield has a little bit of everything; proximity to the beach, a short commute into Melbourne CBD, local parks, and a famous racetrack. Although currently populated by older folks, it’s increasingly attractive to young families and singles who enjoy the adjacency to St Kilda. The mix of people is a reflection of the range of housing options; art deco style houses, Spanish influenced design and a sprinkle of new luxury developments make up the area’s architecture. An experienced, ambitious new sales office would do well in Caulfield.
Let’s look at the market share in the area. Gary Peer & Associates - Caulfield, has the highest market share at 34%, followed by Hodges Caulfield at 13%. Hockingstuart Caulfield | Elsternwick rounds out the top three with 10%.
According to CoreLogic data, the median house price in Caulfield is $1.7 million, with the most popular property being a three-bedroom house. The average rental rate is currently $650 per week with 34% of people living in a rental property. Older singles, older couples and families make up the majority of the population, with an average age of 60+.
Charming, peaceful and close to every kind of lifestyle and amenity, it’s no surprise that Caulfield is on the up. It could be a lucrative prospect for an ambitious sales office. Is it the right time to open a Ray White office here? If it’s of interest to you, we can help you build a competitive business. Talk to us today.
