Suburb spotlight on: Subiaco

Who’s got top market share?

The value of property in Subiaco has increased steadily over recent years. In fact, Corelogic data shows that the median house price has increased from $1 million in 2012, to where it sits today at $1.2 million.
Let’s look at the top market share positions. The Property Exchange holds the top position with 15 per cent market share. Paxton Hoad comes in second place with 12 percent and Abel Mcgrath rounds out the top three with 7 per cent market share.
The Subiaco market suits investors, with nearly 50 per cent of residents renting and plenty of apartments at the more affordable median price of $510,000. Corelogic RP Data tells us the average three bedroom apartment in Subiaco will rent for $590 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 Subiaco 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.
Contact:
Andrew McCulloch | +614 7903 9440