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Suburb spotlight on: Waverley
Who’s got top market share?
There’s no doubt Waverley is a competitive marketplace. More and more, we’re seeing vendors capitalise on the rising market. In fact, Corelogic data shows that the median house price has increased from $1.4 million in 2013, to where it sits today at more than $2.2 million.
Let’s look at the top market share positions. Phillips Pantzer Donnelley sits in top spot with 36 per cent share, followed by McGrath with 7 per cent. Goodyer rounds out the top three with 6 per cent market share.
Of the 75 sales in the past 12 months, 74 per cent of properties sold for more than $1 million, so there’s no doubt that Waverley can be a lucrative market for a savvy sales business.
The opportunity to open a business in the heart of Waverley 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.