Where the median house price jumped nearly 70% in two years.
If you’re searching for a market that’s on the rise, Cabarita could be it. This pocket in Sydney’s Inner West has seen exponential house price growth. Since 2014 the median house price has jumped from $1.582 million to where is is today at $2.675 million (as calculated by Domain).
Let’s look at the top four market share positions today. Raine & Horne hold the most market share at 20 per cent. Independent business, Devine Real Estate comes in with 11 per cent and third-highest market share is held by LJ Hooker with nine per cent. McGrath comes in fourth position with seven per cent.
It doesn't look like buyer activity is diminishing. According to PriceFinder data, all of the sales in Cabarita this year - both houses and units - have sold above $1.25 million.
The suburb is made up predominantly of owner occupiers. In fact, 48 per cent of residents own their homes outright.
The opportunity to open a business in the heart of Cabarita 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
