Suburb spotlight on: Eltham, VIC

Who’s got top market share?

Living in Eltham is like moving to the bush but with every available amenity. There are plenty of local schools and a good choice of shopping in the area, not to mention an established artist’s colony. A 40-minute drive from Melbourne CBD, Eltham is a town with a steady upward trend and growing affluence. It’s a good option for a sales office to build up a loyal base of stable income earners.

Let’s look at the market share in the area. Jellis Craig Eltham at 38% has the greatest market share, followed by Morrison Kleeman Estate Agents Pty Ltd at 24%. Buckingham and Company Diamond Valley round out the top three with 12%.

Eltham is in high demand with an astounding 2779 visits per property where the state average is 813. The average house price is $890,000 with a three bedroom home going for $850,000. Rent sits at $410 per week on average.

Green spaces and a dialled-back lifestyle make Eltham a popular choice for Melbournians seeking the quiet life. This in-demand town could be a lucrative opportunity for a savvy Ray White office. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.

Andrew McCulloch | +614 7903 9440