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Suburb spotlight on: Warriewood
Who’s got top market share?
The value of property in Warriewood has increased exponentially over recent years. In fact, Corelogic RP Data shows that the median house price has increased from around $900,000 in 2013, to where it sits today at over $1.5 million.
Let’s look at the top market share positions today. LJ Hooker holds the highest share at 23 per cent. McGrath comes in second position with 16 per cent, followed by First National with 9 per cent. Raine & Horne rounds out the top four with 6 per cent market share.
With nearly 80 per cent of residents owner occupiers and 66 per cent of sales over the past year achieving a price over $1 million, there’s no doubt that Warriewood can be a lucrative market for a savvy sales business.
The opportunity to open a business in the heart of Warriewood 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.