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Suburb spotlight on: Coolum Beach
Who’s got top market share?
There’s no doubt Coolum Beach is a competitive marketplace. More and more, we’re seeing vendors capitalise on the rising market. In fact, Corelogic data shows that the median house price has increased from $420,000 in 2012, to where it sits today at $570,000.
Let’s look at the top market share positions. North Shore Realty sits in top spot with 16 per cent share, followed by PRD Nationwide with 13 per cent. Richardson & Wrench rounds out the top three with 8 per cent market share.
The Coolum Beach market suits investors, with nearly 40 per cent of residents renting and plenty of apartments at the affordable median price of $370,000. Corelogic data tells us the average three bedroom apartment in Coolum will rent for $415 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 Coolum 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.