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Who’s got top market share?
The thriving farming town of Naracoorte is the gateway to south-east SA and all the abundance it has to offer. The pretty town is surrounded by fertile farmland, the Coonawarra wine region and, of course, the famous caves. It's the perfect place for young families looking to make a tree-change, with plenty of local amenities and a close-knit, friendly community. Naracoorte is also a haven for gourmands, with food and wine festivals held throughout the year to showcase the local produce. A shrewd sales office can find the potential in this picturesque neighbourhood.
Let’s look at the market share in the area. Elders South East has the greatest market share at 54%, followed by Ottoson Partners Real Estate at 29%. SAL Real Estate rounds out the top three with 12%.
Established families and older couples make up the primary demographic of Naracoorte, which has an average age of 40-59. According to CoreLogic data, the most popular property is a three-bedroom house with an average price of $210K. Rent sits at $225 per week. The surrounding areas also have a range of farmland opportunities from vineyards to cattle.
A community hub for residents and the regional farming community, beautiful Naracoorte is brimming with potential. A smart sales office will capitalise on its charms. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
