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Suburb spotlight on: Ascot Vale
Who’s got top market share?
With 265 sales in the past 12 months, Ascot Vale is a buzzing property market. The value of real estate in Ascot Vale has increased significantly over recent years. In fact, Corelogic Data shows that the median house price has increased from $720,000 in 2013, to where it sits today at over $1 million.
Let’s look at the top market share positions today. Nelson Alexander sits in top spot with 20 per cent share, followed by Brad Teal with 13 per cent. Jellis Craig holds 8 per cent and Barry Plant rounds out the top four with 4 per cent market share.
The Ascot Vale market suits investors, with 40 per cent of residents renting and plenty of apartments at the more affordable median price of around $500,000. Corelogic data tells us the average three bedroom apartment in Ascot Vale will rent for $578 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 Ascot Vale 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.