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Suburb spotlight on: Medindie
Who’s got top market share?
The value of property in Medindie has remained consistently high over recent years. In fact, Corelogic data shows that the median house price sits around the $1.25 million mark.
Let’s look at the top market share positions. Fox Real Estate holds the top position with 35 per cent market share. Klemich and Bernard H Booth both share 11 per cent and Toop & Toop round out the top four with 8 per cent market share.
With 85 per cent of residents owner occupiers and 75 per cent of the sales in the past 12 months, achieving more than $1 million, there’s no doubt that Medindie can be a lucrative market for a savvy sales business.
The opportunity to open a business in the heart of Medindie 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.