Who’s got top market share?
The community focussed city of Tea Tree Gully is a growing area thanks to new housing and infrastructure development. Young and established families make up the majority of the population, with residents enjoying proximity to Adelaide. It’s a steady market with opportunities for a local business to get involved in community activities.
Let’s look at the market share in the area. First National Burton Grove has the greatest market share at 12%, followed by LJ Hooker Walkerville at 9.3%. Davies & Hetzel rounds out the top three with 7%.
Vendors can expect an average house price of $400,000 which continues a trend of growth in the area. According to CoreLogic Data, Tea Tree Gully is seeing steady demand in the market with properties being visited 691 times, above the SA average of 675. Investors see an average rent of $343 per week for a three bedroom house.Tea Tree Gully is the perfect spot for profitable Ray White business active in the thriving local community. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
Contact: Andrew McCulloch | +614 7903 944
