Suburb spotlight on: Payneham
A market on the rise.
A popular suburb of Adelaide, Payneham has seen a steady increase in property values. CoreLogic data shows that the median house price has climbed to $615,000 – jumping more than $75,000 in just 12 months.
Let’s look at the top market share positions today. LJ Hooker sits in the top position with 11 per cent market share. Harris Real Estate follows with 7 per cent, and Toop & Toop and Harcourts holds 5 per cent market share.
The Payneham market suits investors with 42 per cent of residents renting. The more affordable media unit price of $301,000 combined with an average two bedroom apartment renting for $290 per week gives savvy real estate businesses the opportunity to build a successful sales and property management operation.
The opportunity to open a business in the heart of Payneham is with Ray White. 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