Suburb spotlight on: Millers Point
Where the median house and unit price both exceed $2 million.
The harbour suburb of Millers Point is one of Sydney’s most expensive with a median house price sitting at $2.7 million and unit price at $2.2 million. In fact, of the 92 sales in the past year, 65 per cent sold for above $2 million.
Let’s look at the top market share positions today. McGrath is way in front at the moment with 60 per cent market share, followed by Di Jones with 9 per cent and Raine & Horne with 5 per cent.
Millers Point has a competitive investment market with PriceFinder data showing 67 per cent of locals are renters, making it an ideal market for sales and property management businesses.
The opportunity to open a business in the heart of Millers Point 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.
Andrew McCulloch | +614 7903 9440