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Suburb spotlight on: Mudgeeraba
Who’s got top market share?
The value of property in Mudgeeraba has increased steadily over recent years. In fact, Corelogic data shows that the median house price has increased from $425,000 in 2012, to where it sits today at $550,000.
Let’s look at the top market share positions. RE/MAX holds the top position with 24 per cent market share. LJ Hooker comes in second place with 14 per cent and First National rounds out the top three with 11 per cent market share.
The Mudgeeraba market suits investors and first time buyers, with the more affordable median house prices. Corelogic RP Data tells us the average three bedroom home in Mudgeeraba will sell for $485,000 and rent for $490 per week, giving savvy real estate businesses the opportunity to build a successful sales and property management operation.
The opportunity to open a business in the heart of Mudgeeraba 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.