Suburb spotlight on: Hallett Cove, SA
Who’s got top market share?
Close to the beach and providing all the lifestyle opportunities that go with a sand and surf existence, Hallett Cove is a haven for families looking for the perfect home only 30 mins from Adelaide. With housing prices going in the right direction, this is a perfect time for a steady real estate business to make its mark in the area.
Let’s look at the market share in the area. Harcourts Plus has the greatest market share at 28%, followed by Magain Real Estate at 12%. Harris Real Estate rounds out the top three with 7.3%.
The average house price in the area is $458,000 which continues a trend of steady growth in the area. According to CoreLogic data, Hallett Cove is seeing steady demand in the market with properties being visited 756 times, above the SA average of 676. Investors see an average rent of $353 per week for a three bedroom house.
Hallett Cove is undergoing major redevelopment with new amenities planned for the near future; 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.