Where the median house price is $1.7 million.
City Beach has maintained a median house price at around $1.7 million for many years. In fact, Corelogic data dating back to 2010 shows home values have held steady. Of the 92 sales in the last 12 months, 62 per cent achieved a sale price above $1.5 million.
Let’s look at the top market share positions today. Realmark holds the highest market share at 18 per cent. Abel McGrath sits at 10 per cent, Acton has 5 per cent and Caporn Young holds 3 per cent market share.
With nearly 80 per cent of locals owner occupiers, City Beach is a family suburb. Just over a quarter of owners are recent purchasers whereas 50 per cent own their home outright.
The opportunity to open a business in the heart of City Beach 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
