Who’s got top market share?
The value of property in Essendon has increased exponentially over recent years. In fact, Domain data shows that the median house price has increased from around $900,000 in 2015, to where it sits today at $1.2 million.
Let’s look at the top market share positions today. Nelson Alexander in Essendon holds the highest share at 22 per cent. Barry Plant, Moonee Valley comes in second position with 14 per cent, followed by Paul McDonald Essendon with 13 per cent. Frank Dowling Essendon rounds out the top four with 9 per cent market share.
With 64 per cent of residents owner occupiers and a third of sales over the past year achieving a price over $1 million, there’s no doubt that Essendon can be a lucrative market for a savvy sales business.
The opportunity to open a business in the heart of Essendon 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
