Where the median house price has exceeded $1.2million
A coveted suburb in Melbourne’s south-east, Bentleigh’s real estate market has been a hive of activity over the past 12 months with more than 330 sales. Not bad for a suburb that spans no more than five square kilometres.
Let’s look at the top four market share positions today. Hocking Stuart hold the highest market share at 29 per cent. Buxton is in second position with 23 per cent and then there is a significant drop to Century 21 and Marshall White who hold three per cent and two per cent, respectively.
Sales are strong, with the median house price increasing from $780,000 in 2012 to $1,264,000 (according to Domain). In fact, PriceFinder data shows that 56 per cent of sales in the past 12 months have achieved a price over $1 million. Every house sale in the last month alone has achieved a price over $1.1 million.
A popular area for owner-occupiers, 37 per cent of residents own their property outright, 35 per cent are purchasers and a quarter rent.
The opportunity to open a business in the heart of Bentleigh 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
