Suburb spotlight on: Strathfield
Where the median house price exceeds $2 million.
Strathfield has been a hive of activity over the past 12 months with 336 sales in the suburb – of which, 44 per cent achieved more than $1.5 million. In fact, the median house price now sits at $2.4 million, according to Price Finder data.
Let’s look at the top four market share positions today. Independent agency, Devine and McGrath both hold 15 per cent market share. L J Hooker holds third position with 5 per cent and Raine and Horne have 2 per cent market share.
An attractive suburb for sales and property management businesses, the strathfield market is balanced between residents who own their property outright and those who rent, with 33 per cent and 36 per cent, respectively.
The opportunity to open a business in the heart of Strathfield 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