Suburb spotlight on: Mosman Park.
Where 54 per cent of properties sold for more than $1 million.
An attractive suburb for sales and property management businesses, the Mosman Park market is nicely balanced with 32 per cent of residents owning their property outright and 37 per cent renting.
Let’s look at the top four market share positions today. Acton is the brand with the highest market share at 9 per cent, followed by Abel McGrath with 5 per cent. Carporn Young comes in third place with 3 per cent and Realty Executives hold 1 per cent market share.
House values are strong, with a median house price of $1.3 million. Units prices have remained stable at around $515,000 (according to CoreLogic data), maintaining the investment appeal in the market.
The opportunity to open a business in the heart of Mosman Park 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