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Suburb spotlight on: Magill
Who’s got top market share?
The value of property in Magill has increased significantly over recent years. In fact, Corelogic RP Data shows that the median house price has increased from around $480,000 in 2012, to where it sits today at $610,000.
Let’s look at the top market share positions today. Harcourts and Toop & Toop share the top spot at 9 per cent. Harris Real Estate and LJ Hooker follow closely, both with 8 per cent, and Elders sits on 3 per cent market share.
With 63 per cent of residents owner occupiers and 41 per cent of sales over the past year achieving a price over $600,000, there’s no doubt that Magill can be a lucrative market for a savvy sales business.
The opportunity to open a business in the heart of Magill 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.