Suburb spotlight on: McLaren Vale, SA
Who’s got top market share?
Famous for its fine wines and picturesque vineyards, it might be a surprise to learn that it’s only an hour’s drive from Adelaide. With affordable housing, a semi-rural lifestyle and a relaxed attitude, McLaren Vale is increasingly considered as a place to buy property (or a vineyard) within convenient proximity to the city.
Let’s look at the market share in the area. First National Real Estate Southern Vales has the greatest market share at 38%, followed by Southgate Real Estate McLaren Vale at 22%. Harcourts Wine Coast rounds out the top three with 10%.
Families and older couples make up the primary demographic of the area at 20% and 15% respectively. The average house price of a three-bedroom house in the area is $415,000, and that figure is on the rise. Investors can expect an average rent of $340 per week.
McLaren Vale is a well-kept secret at the moment, and a savvy sales office will capitalise on the potential. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.