Suburb spotlight on: Belair, SA
Who’s got top market share?
From its vantage point at the base of the Mount Lofty Ranges and but only a 16-minute drive from Adelaide, Belair is an area in demand. Located right next door to Belair National Park, the town is a haven for outdoor enthusiasts, with mountain bikers taking advantage of the steep, rugged terrain.
Let’s look at the market share in the area. Harris Real Estate has the greatest market share at 33%, followed by Ring Partners at 7.8%. Harcourts Packham-Blackwood rounds out the top three with 6.3%.
Families make up the primary demographic of the area at 60%, and the average house price of a three bedroom house in the area is $587,000. Belair is enjoying a period of high demand with 2140 visits per property compared to the state average of 682. Investors can expect an average rent of $420 per week.
Belair is flying high at the moment, and its growth is set to continue. It’s an area on the rise and offers a prime business opportunity for the right team. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.