Suburb spotlight on: Mitcham

Where the median house price continues to increase

The value in the heritage suburb of Mitcham has increased significantly over recent years. In fact, Domain data shows that the median house price has increased from under $550,000 in 2013, to where it sits today at more than $750,000.
Let’s look at the top market share positions today. Harcourts sits in first position with 15 per cent market share. Toop & Toop come in second place holding 7 per cent. Harris Real Estate sit with 6 per cent market share followed closely by LJ Hooker with 4 per cent.
With nearly 75 per cent of residents owner occupiers and nearly 40 per cent of sales over the past year achieving a price over $700,000, there’s no doubt that Mitcham can be a lucrative market for a savvy sales business.
The opportunity to open a business in the heart of Mitcham 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