Suburb spotlight on: Floreat

Where 133 properties sold in the last 12 months.

In the last 12 months 70 per cent of properties in Floreat sold for above $1 million. With values remaining high, the median house price has held steady at around $1.3 million for the last two years, according to CoreLogic RP Data.

Let’s look at the top market share positions today. Abel McGrath holds the number one spot with 53 per cent market share. We then drop down to Realmark and Caporn Young, both with 6 per cent and Acton rounds out the top four with 5 per cent market share.

The Floreat market suits a strong sales business, with 83 per cent of residents owning their own home. And with 10 out of the last 11 sales achieving a price above $1 million, it has the potential to be a lucrative market for a savvy real estate operation.

The opportunity to open a business in the heart of Floreat 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.

Contact:
Andrew McCulloch | +614 7903 9440