TOOP+TOOP Magazine - 5 April 2024

Page 1

05 April 2024

Adelaide market update with Bronte Manuel

Several key property trends emerged in Adelaide as we moved into the new selling year.

Our real estate market again outperformed the other capital cities last month, demonstrating remarkable strength and underlining exceptional resilience as cost-of-living pressures became more apparent.

According to the latest data from property market analyst CoreLogic, dwelling values in Adelaide rose by 1.3 per cent last month, marking an 8.8 per cent increase over the past year and a 3.7 per cent increase over the quarter. As a result, our property values remain at record levels.

By comparison, Canberra, Darwin, Hobart, and Sydney saw declines in dwelling values over the same period. Adelaide’s annual growth rate is particularly impressive, surpassing Brisbane (8.4%), Melbourne (0.5%), and Sydney (-0.1%).

A sparsity of stock remains a key market driver.

Nationally, CoreLogic estimates a 2.8 per cent decrease in sales volumes over the past year compared with the same period 12 months earlier. However, the volume of sales for the combined capital cities remained virtually unchanged, suggesting resilience in metropolitan markets. In Adelaide, sales volumes were relatively steady, down just 1.1 per cent compared with the same time last year.

A sparsity of stock remains a key market driver.

With very few new listings, especially over the Christmas/New Year period, competition for available homes has been strong, with a number of properties selling for prices well beyond initial vendor expectations.

While recent anecdotal evidence from our team suggests stock levels may improve in 2024, demand is still likely to outweigh supply.

TOOP+TOOP has performed exceptionally well within this context.

With 50 sales last month, an average sale price of $1,343,750, and an average of 22 days on market, our performance significantly surpassed the broader trends.

This highlights our ability to achieve premium prices and quick sales in a market that, while slowing nationally, remains quite buoyant in Adelaide.

Our reach across social media platforms, exceeding 375,000, has likely contributed to our strong performance, allowing us to effectively market properties to a wide audience and drive competitive interest in our listings.

In summary, the Adelaide property market has shown resilience and growth in a year where other cities have experienced declines.

TOOP+TOOP has capitalised on this strength, outperforming market averages in sales and days on market.

Despite the traditional year-end slowdown, our performance and Adelaide’s overall market trends suggest continued opportunities for discerning investors and homebuyers.

Our performance significantly surpassed

the broader trends.

For more
stories visit toop.com.au/blog
of these
BLACK FOREST 3 Bed 1 Bath 1 Car 8 / 20 Hartland Avenue $595,000 Grant Wills 0419 865 829 grant.wills@toop.com.au www.8-20hartland.toop.com.au Sat 6 April 3pm on site Auction: Sat 6 April 2:30pm - 3pm Open: BROMPTON 3 Bed 1 Bath 1 Car 28 Second Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.28second.toop.com.au Sat 20 April 10am on site Auction: Sun 7 April 10:30am - 11am Open:
BROMPTON 3 Bed 2 Bath 2 Car 69 Coglin Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.69coglin.toop.com.au Sun 21 April 12pm on site Auction: Sun 7 April 11:30am - 12pm Open: BROOKLYN PARK 3 Bed 2 Bath 5 Car 13 Press Road Contact agent Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.13press.toop.com.au Sun 14 April 10am on site Auction: Sat 6 April 1:30pm - 2pm Open:

Ben Scadden 0401 573 580

Bronte Manuel 0439 828 882 www.21victor.toop.com.au

Jake Theo 0422 959 650

www.1sixth.toop.com.au

CAMPBELLTOWN 4 Bed 2 Bath 4 Car 21
Road Contact agent
Victor
Sat 20 April 12pm on site Auction: Sat 6 April 11:15am - 12pm Open: CHELTENHAM 4 Bed 2 Bath 2 Car 1 Sixth Avenue Contact agent
Thomas Crawford 0448 888 816
Sat 6 April
10am - 10:30am Open:

James Lindsay 0434 182 351 Rowena Coleiro 0423 187 007

www.107starandarrow.toop.com.au

Grant Wills 0419 865 829

grant.wills@toop.com.au

www.3-5avondale.toop.com.au

CHERRY GARDENS 107 Star And Arrow Road Contact agent
Sat 6 April 1pm
Open: CLARENCE PARK 2 Bed 1 Bath 2 Car
/ 5
Street
- 1:45pm
3
Avondale
$485,000 - $530,000
Sat 6
Open:
April 4:30pm - 5pm

Thomas Crawford 0448 888 816

Jake Theo 0422 959 650

Sally Cameron 0412 915 108

sally.cameron@toop.com.au

PARK 3 Bed 2 Bath 1 Car
DEVON
43 Alexander Avenue Contact agent
www.43alexander.toop.com.au Sat 6 April 12pm - 12:30pm Open: DULWICH 4 Bed 2 Bath 2 Car
18 Cleland Avenue Contact agent
www.18cleland.toop.com.au Sat 6 April 3:30pm - 4pm Open:
ELIZABETH PARK 3 Bed 1 Bath 1 Car 31 Hayles Road Contact agent Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.31hayles.toop.com.au Sat 6 April 11am - 11:45am Open: ENCOUNTER BAY 5 Bed 2 Bath 2 Car 29 Bartel Boulevard $900,000
McMillan 0417 733 900
McMillan 0476 394 663
Sat 13 April 4pm on site Auction: Sat 6 April 4pm - 4:30pm Open:
Peter
Glenn
www.29bartel.toop.com.au
GLANVILLE 3 Bed 2 Bath 2 Car 1A Barr Street Contact agent Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.1abarr.toop.com.au Sat 6 April 11am - 11:30am Open: GLENSIDE 2 Bed 1 Bath 3 Car 31 Cator Street Contact agent Grant Wills 0419 865 829 grant.wills@toop.com.au www.31cator.toop.com.au Sat 6 April 12:30pm on site Auction: Sat 6 April 12pm - 12:30pm Open:

Vincent Doran 0466 229 880

Jake Theo 0422 959 650 www.626seaview.toop.com.au

GLENSIDE 3 Bed 1 Bath 1 Car 30 Kyle Street Contact agent
Sun 21 April 12pm on site Auction: Sat 6 April 11am - 11:30am Open: GRANGE 2 Bed 1 Bath 2 Car
Contact agent
Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.30kyle.toop.com.au
626 Seaview Road
6
12:45pm Open:
Sat
April 12:15pm -

Peter McMillan 0417 733 900

Glenn McMillan 0476 394 663

www.121cross.toop.com.au

Vincent Doran 0466 229 880

Jake Theo 0422 959 650

HAWTHORN 4 Bed 2 Bath 3 Car
Contact
121 Cross Road
agent
Sat 6
Sat
LARGS NORTH 3 Bed 1 Bath 4 Car
agent
April 1:30pm on site Auction:
6 April 1pm - 1:30pm Open:
31 Kenilworth Street Contact
www.31kenilworth.toop.com.au Sat 6 April 10am - 10:30am Open:
MOUNT BARKER 3 Bed 1 Bath 4 Car 62 Alexandrina Road $695,000 - $735,000
Sat 6 April 11am - 11:30am Open: NETHERBY 4 Bed 2 Bath 2 Car 532 Fullarton Road $2,000,000
663
James Lindsay 0434 182 351 james.lindsay@toop.com.au www.62alexandrina.toop.com.au
Glenn McMillan 0476 394
Sat 6 April 11:30am - 12pm Open:
Peter McMillan 0417 733 900 www.532fullarton.toop.com.au
NORTH ADELAIDE 2 Bed 1 Bath 1 Car 27 / 55 Melbourne Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.27-55melbourne.toop.com.au Sat 6 April 12:45pm - 1:15pm Open: NORWOOD 4 Bed 2 Bath 1 Car 3 Cypress Street Contact agent
Yuan 0422 429 939
Yuan 0433 402 255 www.3cypress.toop.com.au Sat 6 April 11am - 11:30am Open:
Ryan
Lalita
NORWOOD 2 Bed 1 Bath 1 Car 38 William Street Contact agent
Wills
Sat 6 April 10am on site Auction: Sat 6 April 9:30am - 10am Open: OAKLANDS PARK 4 Bed 2 Bath 2 Car
Street Contact agent
Sat 6 April 11:30am - 12pm
Grant
0419 865 829 grant.wills@toop.com.au www.38william.toop.com.au
79A Bombay
Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79abombay.toop.com.au
Open:

anita.hardingham@toop.com.au

PARADISE 4 Bed 3 Bath 4 Car 14A
Contact agent
Sun 28 April 11am on site Auction: Sat 6 April 12:30pm - 1pm Open: PICCADILLY 3 Bed 1 Bath 14 Car
Contact agent
Parkwood Avenue
Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14aparkwood.toop.com.au
9 Schocroft Road
Anita Hardingham 0413 335 706
6
www.9schocroft.toop.com.au Sat
April 2:30pm - 3:15pm Open:

0422 429 939

Yuan 0433 402 255

Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.15coach.toop.com.au Sat 20 April 3:30pm on site Auction: Sat 6 April 12:30pm - 1pm Open:

3 Bath
ROSSLYN PARK 6 Bed
2 Car 12 Gillard Drive Contact agent
Ryan Yuan
Lalita
www.12gillard.toop.com.au Sat 6 April 10am - 10:30am Open: ROSSLYN PARK 5 Bed 3 Bath 3 Car 15 Coach Road Contact agent

Vincent Doran 0466 229 880

Sally Cameron 0412 915 108 sally.cameron@toop.com.au

ROSTREVOR 2 Bed 1 Bath 1 Car
agent
13 / 5 Trewren Avenue Contact
3 Bed 2 Bath 2 Car
Thomas Crawford 0448 888 816 www.13-5trewren.toop.com.au Sun 14 April 12:30pm on site Auction: Sat 6 April 2:45pm - 3:15pm Open: ROSTREVOR
14 Chapel Way $790,000 - $820,000
www.14chapel.toop.com.au Sat 6 April 10:30am - 11am Open:
SEACOMBE HEIGHTS 4 Bed 3 Bath 4 Car 109 Braeside Avenue $1,650,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au Sat 6 April 10:30am - 11am Open: SKYE 4 Bed 2 Bath 2 Car 118 Coach Road Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.118coach.toop.com.au Sat 13 April 12:30pm on site Auction: Sat 6 April 11am - 11:30am Open:

Sally Cameron 0412 915 108

Sally.Cameron@toop.com.au

www.2-56winchester.toop.com.au

Sally Cameron 0412 915 108

sally.cameron@toop.com.au

www.13sixth.toop.com.au

ST PETERS 4 Bed 2 Bath 2 Car
/ 56 Winchester
Contact agent
2
Street
Fri 26 April 3:30pm on site Auction: Sat 6 April 2:30pm - 3pm Open:
PETERS 4 Bed 2 Bath 4 Car
Contact agent
ST
13 Sixth Avenue
Sat 6 April
Open:
1:30pm - 2pm

Glenn McMillan 0476 394 663

Peter McMillan 0417 733 900

www.1meadowbank.toop.com.au

Sally Cameron 0412 915 108

sally.cameron@toop.com.au

www.23woodhouse.toop.com.au

5 Bed 2 Bath 2 Car
URRBRAE
1 Meadowbank Rise $1,200,000
Sat 13
on
Auction: Sat 6
Open: WATTLE PARK 4 Bed 3 Bath 6 Car
Contact agent
April 10:30am
site
April 9:45am - 10:30am
23 Woodhouse Crescent
Sat
6 April 11:30am - 12pm Open:

Gena Nash 0408 828 415

Lew Toop 0419 888 893

www.104seaview.toop.com.au

Thomas Crawford 0448 888 816

Vincent Doran 0466 229 880

www.2florence.toop.com.au

WEST BEACH 6 Bed 3 Bath 6 Car
Contact agent
104 Seaview Road
Sat 6 April 12:30pm - 1pm Open: WEST CROYDON 3 Bed 2 Bath 2 Car
Florence Street Contact agent
2
Sat 6 April 2pm
2:30pm Open:
-
WEST CROYDON 3 Bed 1 Bath 6 Car 66 Henry Street Contact agent Thomas Crawford 0448 888 816
Doran 0466 229 880 www.66henry.toop.com.au Sat 20 April 12pm on site Auction: Sat 6 April 1pm - 1:30pm Open: WEST HINDMARSH 3 Bed 1 Bath 2 Car 2 / 33 Cator Street Contact agent
Crawford 0448 888 816
Theo 0422
www.2-33cator.toop.com.au Sun 21 April 10am on site Auction: Sat 6 April 11am - 11:30am Open:
Vincent
Thomas
Jake
959 650

Thomas Crawford

0448 888 816

thomas.crawford@toop.com.au

www.vault.toop.com.au

Thomas Crawford

0448 888 816

thomas.crawford@toop.com.au

www.vault.toop.com.au

BOWDEN 2 Bed 1 Bath 1 Car
Contact agent
BROMPTON 3 Bed 2 Bath 1 Car
Contact agent

James Lindsay

0434 182 351

james.lindsay@toop.com.au

www.vault.toop.com.au

Thomas Crawford

0448 888 816

thomas.crawford@toop.com.au

www.vault.toop.com.au

BURNSIDE 2 Bed 1 Bath 1 Car
Contact agent
CROYDON 4 Bed 2 Bath 3 Car
Contact agent

Sam

0438 767 227

sam.hayes@toop.com.au

www.vault.toop.com.au FELIXSTOW

Alexander Parzis

0410 588 633

alexander.parzis@toop.com.au

www.vault.toop.com.au

CUTTLEFISH BAY 4 Bed 2 Bath 4 Car
Hayes Contact agent
3 Bed 1 Bath 3 Car
Contact agent

Grant Wills

0419 865 829

grant.wills@toop.com.au

www.vault.toop.com.au

Sally Cameron

0412 915 108

sally.cameron@toop.com.au

www.vault.toop.com.au

FIRLE 3 Bed 2 Bath 2 Car
Contact agent
GILBERTON 4 Bed 2 Bath 2 Car
Contact
agent

GLEN

Ryan Yuan

0422 429 939

ryan.yuan@toop.com.au

www.vault.toop.com.au

Sally Cameron

0412 915 108

sally.cameron@toop.com.au

www.vault.toop.com.au

OSMOND 4 Bed 2 Bath 2 Car
Contact
agent
4 Bed 3 Bath 2 Car
KENSINGTON PARK
Contact agent

Sharee Redic

0407 722 660

sharee.redic@toop.com.au

www.vault.toop.com.au KILKENNY

Thomas Crawford

0448 888 816

thomas.crawford@toop.com.au

www.vault.toop.com.au

3 Bed 2 Bath 2 Car
KILBURN
Contact agent
3 Bed 2 Bath 1 Car
Contact agent

Sam Hayes

0438 767 227

sam.hayes@toop.com.au

www.vault.toop.com.au

Alexander Parzis

0410 588 633

alexander.parzis@toop.com.au

www.vault.toop.com.au

KRONDORF 3 Bed 2 Bath 2 Car
Contact agent
4 Bed 3 Bath 2 Car
MARRYATVILLE
Contact agent

Sally Cameron Contact agent

0412 915 108

sally.cameron@toop.com.au

www.vault.toop.com.au

Amelia Langhans Contact agent

0422 125 242

amelia.langhans@toop.com.au

www.vault.toop.com.au

Bed
Bath 2 Car
MEDINDIE 5
2
NEW PORT

Sally Cameron

0412 915 108

sally.cameron@toop.com.au

www.vault.toop.com.au

Vincent Doran

0466 229 880

vincent.doran@toop.com.au

www.vault.toop.com.au

4 Bed 2 Bath 2 Car
NORWOOD
Contact
agent
SEMAPHORE PARK 3 Bed 2 Bath 1 Car
Contact
agent

Sally Cameron

0412 915 108

sally.cameron@toop.com.au www.vault.toop.com.au

Peter McMillan

0417 733 900

peter.mcmillan@toop.com.au www.vault.toop.com.au

TANUNDA 5 Bed 3 Bath 10 Car
Contact
agent
TOORAK GARDENS 5 Bed 2 Bath 2 Car
Contact
agent

Ryan Yuan

0422 429 939

ryan.yuan@toop.com.au

www.vault.toop.com.au WATTLE

Sally Cameron Contact agent

0412 915 108

sally.cameron@toop.com.au

www.vault.toop.com.au

GARDENS 3 Bed 3 Bath 4 Car
TOORAK
Contact agent
PARK 5 Bed 3 Bath 2 Car

Thomas Crawford

0448 888 816

thomas.crawford@toop.com.au

www.vault.toop.com.au

Thomas Crawford

0448 888 816

thomas.crawford@toop.com.au

www.vault.toop.com.au

WEST CROYDON 3 Bed 2 Bath 2 Car
Contact agent
WOODVILLE NORTH 3 Bed 1 Bath 4 Car
Contact agent

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.