04 August 2023
Adelaide market update with Bronte Manuel
The Adelaide property market continues to show remarkable stability, with home values here remaining steady through the past financial year despite a string of interest rate rises.
According to property market analyst CoreLogic, dwelling prices in Adelaide are the same as 12 months ago – and just 0.3 per cent below the record high of July 2022.
In fact, Adelaide home values rose by 0.9 per cent for the month and 2.1 per cent for the quarter after a mild dip earlier in the year.
That’s a remarkable result, given there were 10 official rate rises through the 2022-23 financial year.
By comparison, home values at a national level have dropped 5.3 per cent year on year, despite a recent bounce-back.
At TOOP+TOOP, we enjoyed a solid month, selling 59 properties at an average price just shy of $1 million.
Adelaide home values rose by 0.9 per cent for the month and 2.1 per cent for the quarter
Significantly, those homes sold in an average of 18 days, well below the broader industry average in South Australia of 30 days.
The past month capped off a strong 12 months of results for our business through 2022-23.
We sold more than $810 million worth of real estate during the period, at an average price of $1.14m.
That included 292 sales above $1m, 75 above $2m and 28 above $3m.
Our strength at the higher end of the market was highlighted by 11 sales of more than $4m and five above $5m, including a $7.75m sale in North Adelaide.
While we continue to achieve outstanding results for premium properties, CoreLogic reported that the lowest quartile of home values has achieved the strongest quarterly growth across Adelaide, up by 3 per cent compared with 2.4 per cent and 1.4 per cent for the middle and upper quartiles respectively.
A sparsity of stock remains a key reason that Adelaide dwelling values are holding firm.
This time last year we were talking about low stock levels when there were around 4600 properties on the market in Adelaide.
That number has now dropped to 3770.
The latest CoreLogic data shows that the volume of new listings to hit the market here is down 21.4 per cent compared with 12 months ago.
Given that sales volumes are down around 10 per cent over the same period, the competition for available homes remains very buoyant.
It’s also interesting to note CoreLogic estimates that a relatively high portion of new listings added to the market are investment properties. Their data shows investment properties comprise 32.7 per cent of new listings nationally, compared with the decade average of 25 per cent.
For more of these stories visit
A sparsity of stock remains a key reason that Adelaide dwelling values are holding firm.
toop.com.au/blog
ADELAIDE 2 Bed 1 Bath 16 Alfred Street $650,000 Thomas Crawford
Jake Theo
www.16alfred.toop.com.au Sat 19 August 10am on site Auction: Sat 5 August 10am - 10:30am Open: ASCOT PARK 3 Bed 2 Bath 2 Car 46A West Street $680,000 - $710,000 Debi Zecevich
debi.zecevich@toop.com.au www.46awest.toop.com.au Sat 5 August 12pm - 12:30pm Open:
0448 888 816
0422 959 650
0412 170 014
Ryan Yuan 0422 429 939
Lalita Yuan 0433 402 255
508 / 2 Seventh Street
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650 www.508-2seventh.toop.com.au
AULDANA 6 Bed 3 Bath 4 Car
Contact agent
4 Pellew Avenue
www.4pellew.toop.com.au Sat 5 August 12pm - 12:30pm Open: BOWDEN 2 Bed 1 Bath 1 Car
$449,000 - $479,000
Sat 5 August 11:15am - 11:45am Open:
BROMPTON 3 Bed 1 Bath 1 Car 4 / 124 Chief Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.4-124chief.toop.com.au Sat 5 August 11:15am - 11:45am Open: COLLEGE PARK 5 Bed 2 Bath 4 Car 3 Magdalen Street Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.3magdalen.toop.com.au Sun 20 August 11am on site Auction: Sat 5 August 2:30pm - 3pm Open:
0448 888 816
0466 229 880
Redic 0407 722 660
Yeates 0407 871 851
CROYDON 3 Bed 1 Bath 4 Car 52 Thomas Street Contact agent Thomas Crawford
Vincent
www.52thomas.toop.com.au Sat 5 August 2:30pm - 3pm Open: CUDLEE CREEK 5 Bed 3 Bath 4 Car 79 Redden
Contact agent
Cassandra
www.79redden.toop.com.au Sat 5 August 3:15pm - 3:45pm Open:
Doran
Drive
Sharee
DULWICH
3 Parkstone Avenue
Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.3parkstone.toop.com.au Sat 19 August 2:30pm
EVERARD PARK
19 / 3 Orchard Avenue
Gena Nash 0408 828 415
Lew Toop 0419 888 893 www.19-3orchard.toop.com.au
Bed 2 Bath 1 Car
3
agent
Contact
on site
Auction: Sat 5 August 12:30pm - 1pm Open:
Bed 1 Bath 1 Car
2
agent
Contact
Sat 5 August 2:45pm - 3:15pm Open:
FERRYDEN PARK 3 Bed 2 Bath 3 Car 82 Sutherland Road Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.82sutherland.toop.com.au Sat 5 August 3:30pm - 4pm Open: GLENELG EAST 2 Bed 1 Bath 1 Car 4 / 1 Third Avenue Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.4-1third.toop.com.au Sat 5 August 1pm - 1:30pm Open:
GLENELG NORTH 3 Bed 2 Bath 2 Car 14 Cygnet Court Contact agent Glenn McMillan 0476 394 663 Glenn.McMillan@toop.com.au www.14cygnet.toop.com.au Sat 5 August 12:45pm - 1:30pm Open: GLENGOWRIE 3 Bed 2 Bath 2 Car 1 / 41 Fisk Avenue Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.1-41fisk.toop.com.au Sat 12 August 10am on site Auction: Sat 5 August 1:45pm - 2:15pm Open:
GLENSIDE
60 Allinga Avenue
Contact agent
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.60allinga.toop.com.au Sat 5 August 12pm on site
15 Pistachio Way
Sharee Redic 0407 722 660
Cassandra Yeates 0407 871 851 www.15pistachio.toop.com.au
Open:
Auction: Sat 5 August 11:30am - 12pm
GOLDEN GROVE 4 Bed 2 Bath 2 Car
Contact agent
Open:
Sat 5 August 2pm - 2:30pm
HAWTHORN 4 Bed 2 Bath 2 Car
47 Angas Road $1,900,000
Glenn McMillan 0476 394 663
Peter McMillan 0417 733 900
www.47angas.toop.com.au Sat 19 August 11:30am on site
Auction: Sun 6 August 2:30pm - 3:15pm Open:
HIGHGATE 3 Bed 2 Bath 2 Car
2D North Terrace $1,350,000
Peter McMillan 0417 733 900
Glenn McMillan 0476 394 663
www.2dnorth.toop.com.au Sat 19 August 1:30pm on site
Auction: Sat 5 August 11am - 11:45am Open:
Doran 0466 229 880
0448 888 816
Redic 0407 722 660
Yeates 0407 871 851
KENSINGTON PARK 4 Bed 1 Bath 3 Car 9 Corinda Avenue Contact agent Vincent
Thomas
www.9corinda.toop.com.au Sat 5 August 10am - 10:30am Open: KILBURN 4 Bed 2 Bath 1 Car 55
Avenue Contact agent
Cassandra
www.55gladstone.toop.com.au Sat 5 August 1pm - 1:30pm Open:
Crawford
Gladstone
Sharee
LOCKLEYS 6 Bed 3 Bath 4 Car 34 Lasscock Avenue Contact agent Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.34lasscock.toop.com.au Sat 5 August 12:30pm - 1pm Open: MAGILL 2 Bed 1 Bath 1 Car 43A Penfold Road $680,000 Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.43apenfold.toop.com.au Sat 19 August 1pm on site Auction: Sat 5 August 11am - 11:45am Open:
MEDINDIE 5 Bed 2 Bath 2 Car
14A Darling Street Contact agent
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au
Open:
www.14adarling.toop.com.au Sat 12 August 11:30am on site
NORTH ADELAIDE
197a Childers Street
Grant Wills 0419 865 829
grant.wills@toop.com.au www.197achilders.toop.com.au
Auction: Sat 5 August 3:30pm - 4pm
Contact agent
Open:
Sat 5 August 11am - 11:15am
NORWOOD
33 Fisher Street
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.33fisher.toop.com.au
PARKSIDE
47 Robsart Street
Jordan Begley 0410 289 240
jordan.begley@toop.com.au www.47robsart.toop.com.au
3 Bed 2 Bath
Contact agent
Open:
Sat 12 August 1:30pm on site
Auction: Sat 5 August 1:30pm - 2pm
3 Bed 2 Bath 2 Car
Contact agent
Open:
Sat 5 August 1:30pm - 2pm
RIDLEYTON 3 Bed 1 Bath 1 Car 4 / 15 Hythe Street $675,000 - $725,000 Sharee Redic 0407 722 660 Kirk Fernandez 0430 311 799 www.4-15hythe.toop.com.au Sat 5 August 11:15am - 11:45am Open: SEACOMBE GARDENS 3 Bed 2 Bath 1 Car 4B Wilga Street $589,000 - $629,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.4bwilga.toop.com.au Sat 5 August 10am - 10:30am Open:
SEATON 3 Bed 1 Bath 2 Car
7 / 235 Tapleys Hill Road
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650
www.7-235tapleyshill.toop.com.au
Contact agent
404 / 301 St Clair Avenue
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880
www.404-301stclair.toop.com.au
Open:
Sun 20 August 10am on site
Auction: Sat 5 August 1:45pm - 2:15pm
Contact agent
Sat 5 August 1:45pm - 2:15pm
Open: ST CLAIR 2 Bed 1 Bath 1 Car
TOORAK GARDENS 4 Bed 2 Bath 2 Car 42 Chatsworth
$1,550,000 - $1,695,000
www.42chatsworth.toop.com.au Sat 19 August 10am on site Auction: Sat 5 August 10:30am - 11am Open: TUSMORE 4 Bed 2 Bath 3 Car 2 Brandreth
Contact agent
www.2brandreth.toop.com.au Sat 5 August 10:30am - 11am Open:
Grove
Sarah Jaensch 0408 285 485 Nicole Neill 0413 879 889
Street
Jordan Begley 0410 289 240 jordan.begley@toop.com.au
3 Brandreth Street
Sally Cameron 0412 915 108
Sally.Cameron@toop.com.au
www.3brandreth.toop.com.au
49 Northumberland Street
Jordan Begley 0410 289 240
jordan.begley@toop.com.au
www.49northumberland.toop.com.au
4 Bed 2 Bath 1 Car
TUSMORE
Contact agent
Sat 19 August 11:30am on site Auction: Sat 5 August 10:30am - 11am Open:
3 Bed 2 Bath 5 Car
TUSMORE
Contact agent
Sat 5 August
- 12pm Open:
11:30am
Ryan Yuan 0422 429 939
Lalita Yuan 0433 402 255 www.12aglen.toop.com.au
165 Stephen Terrace Contact agent
Sally Cameron 0412 915 108
sally.cameron@toop.com.au www.165stephen.toop.com.au
PARK 4 Bed 3 Bath 2 Car
$2,280,000 - $2,350,000
UNLEY
12A Glen Avenue
Sat 5 August 1:30pm - 2pm Open:
5 Bed
Bath
WALKERVILLE
3
2 Car
Sat 22
10am
Auction: Sat 5 August
5pm Open:
July
on site
4:30pm -
WALKERVILLE 5 Bed 2 Bath 2 Car 23 Burlington Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au Sat 5 August 12pm - 12:30pm Open:
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au BOWDEN
0448 888 816
thomas.crawford@toop.com.au www.vault.toop.com.au
BLAIR ATHOL 6 Bed 2 Bath 4 Car
Crawford Contact agent
Thomas
2 Bed 1 Bath 1 Car
Contact agent
Thomas Crawford
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au BROMPTON
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au www.vault.toop.com.au
BROMPTON 4 Bed 2 Bath 4 Car
Contact agent
3 Bed 2 Bath 2 Car
Contact agent
COLLINSWOOD 3 Bed 1 Bath 1 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au CROYDON PARK 4 Bed 3 Bath 4 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
DUDLEY PARK 3 Bed 2 Bath 2 Car
Crawford Contact agent
GARDENS 3 Bed 1 Bath 2 Car
Contact agent
Thomas
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au FULHAM
Grant Wills
HENLEY BEACH 2 Bed 2 Bath 1 Car
Crawford Contact agent
MALVERN 4 Bed 2 Bath 2 Car Jordan Begley Contact agent
Thomas
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
0410 289 240
jordan.begley@toop.com.au www.vault.toop.com.au
MANNINGHAM 3 Bed 2 Bath 1 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au MILE END 1 Bed 1 Bath Gena Nash Contact agent 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
NEW PORT 1 Bed 1 Bath 1 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au NORTHGATE 3 Bed 2 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
PROSPECT 4 Bed 1 Bath 5 Car Grant Wills Contact agent
www.vault.toop.com.au PROSPECT 4 Bed 2 Bath 4 Car
Contact agent
0419 865 829 grant.wills@toop.com.au
Thomas Crawford
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
RENOWN PARK 4 Bed 2 Bath 4 Car Thomas Crawford Contact agent
888 816
www.vault.toop.com.au SELLICKS BEACH 3 Bed 2 Bath 5 Car Anita Hardingham Contact agent
335 706
0448
thomas.crawford@toop.com.au
0413
anita.hardingham@toop.com.au www.vault.toop.com.au
ST PETERS 5 Bed 4 Bath 3 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au STEPNEY 3 Bed 2 Bath 1 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
TAPEROO 3 Bed 1 Bath 2 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au VALE PARK 4 Bed 2 Bath 2 Car Jordan Begley Contact agent 0410 289 240 jordan.begley@toop.com.au www.vault.toop.com.au
Thomas
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
WEST CROYDON
Contact agent
Crawford
WOODVILLE GARDENS 3 Bed 2 Bath 1 Car
Contact agent
Thomas Crawford