Suburb spotlight on: Rostrevor, SA
Who’s got top market share?
Caught in the sweet spot between Adelaide CBD and the Adelaide Hills, Rostrevor is a suburb in high demand. And no wonder – it’s only a 20-minute commute to the city and the town itself is right next to beautiful national parks. It’s a growing, affluent area perfect for a new sales office.
Let’s look at the market share in the area. Harris Real Estate has the greatest market share at 26%, followed by Real Estate Partners SA at 10%. Harcourts Magill rounds out the top three with 7.4%.
Established families and older couples make up the primary demographic of the area at 26% and 14% respectively. According to CoreLogic data, property prices are on the up, with the average house price of a three-bedroom house currently at $577k. It’s a high demand area with REA reporting 1011 online listing visits per property, compared to the 704 visits average for the state.
Rostrevor is in the perfect position to attract established families to the area, 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.