06 October 2023
Adelaide market update with Bronte Manuel
Consecutive months of unchanged interest rates –combined with an ongoing sparsity of stock – has resulted in Adelaide property values returning to record-high levels.
The most recent data from property market analyst CoreLogic shows that Adelaide dwelling values grew by 1.1 per cent for the month, 3.4 per cent for the quarter and 2.2 per cent for the year.
Put simply, Adelaide property has never been more valuable. That broad sentiment was certainly matched with our experiences at TOOP+TOOP.
We sold an average of two properties a day for the month, with a total sales value approaching $80 million. Our average sales price of $1.342 million was among the highest in our 38-year history.
Our reach across our corporate social media platforms was also impressive, with 384,200 unique views on Facebook and more than 100,000 on Instagram.
Adelaide dwelling values grew by 1.1 per cent for the month, 3.4 per cent for the quarter and 2.2 per cent for the year.
They’re all indicators of a buoyant and eager buyer pool, with many properties attracting multiple offers and selling beyond vendor expectations.
While stock levels do still seem low on face value, the monthly volume of new properties to hit the market with TOOP+TOOP was almost identical to 12 months ago, so this may be the ‘new normal’.
By comparison, CoreLogic reported that the volume of new listings across all Adelaide agencies had dropped 5 per cent compared with the same time last year, with total listings down almost 20 per cent.
In fact, the latest data shows there are just over 4000 homes for sale in greater metropolitan Adelaide, while at the national level, there were 135,951 listings observed through the four weeks to the end of the month. That’s a drop of almost 25 per cent on the five-year average for that period, mainly due to a strong absorption from sales.
It’s interesting to note that both Sydney and Melbourne, which had experienced dramatic drops in listing levels, have bounced back noticeably in recent months. According to CoreLogic, new listings in Melbourne are up by 17.4 per cent year-on-year, while Sydney has enjoyed a jump of 15.7 per cent.
While we’d expect listing levels in Adelaide to increase to at least some degree through the rest of spring, it’s unlikely to reach a point where supply will outweigh buyer demand.
As a consequence, dwelling values here should either remain steady or experience mild increases, at least in the medium term.
For more of these stories visit toop.com.au/blog
The volume of new listings across all Adelaide agencies had dropped 5 per cent compared with the same time last year.
ADELAIDE 1 Bed 1 Bath 311 / 10 Balfours Way Contact agent Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.311-10balfours.toop.com.au Sat 7 October 4pm - 4:30pm Open: BEAUMONT 3 Bed 1 Bath 1 Car 30A Thirkell Avenue $950,000 - $1,045,000 Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.30athirkell.toop.com.au Sun 8 October 3:45pm - 4:15pm Open:
BIRKENHEAD 3 Bed 1 Bath 3 Car 84 Mead Street Contact agent Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.84mead.toop.com.au Sun 8 October 1pm on site Auction: Sat 7 October 3pm - 3:30pm Open: BROADVIEW 4 Bed 2 Bath 1 Car 18 Staffa Street $1,095,000 Julie Zanes 0438 886 113 julie.zanes@toop.com.au www.18staffa.toop.com.au Sat 9 September 3:30pm on site Auction: Sat 7 October 12pm - 12:30pm Open:
BROMPTON 3 Bed 2 Bath 2 Car 21 Cappers Drive Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.21cappers.toop.com.au Sat 7 October 10am - 10:30am Open: BROMPTON 3 Bed 2 Bath 2 Car 23 / 62 Hawker Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229
www.23-62hawker.toop.com.au Sat 7 October 12pm - 12:30pm Open:
880
Thomas Crawford 0448 888 816
Doran 0466 229 880 www.8-20green.toop.com.au
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880
BROMPTON 2 Bed 2 Bath 1 Car 8
Green Street Contact agent
Vincent
Sat 7 October 11am - 11:30am Open: BROMPTON 2 Bed 2 Bath 1 Car 8
60 Chief Street Contact agent
Sat 7 October 10am - 10:30am Open:
/ 20
/
www.8-60chief.toop.com.au
0448 888 816
0466 229 880
BROMPTON 2 Bed 2 Bath 1 Car 25 Mann Drive Contact agent Thomas Crawford
Vincent Doran
www.25mann.toop.com.au Sat 7 October 11am - 11:30am Open: BROMPTON 4 Bed 2 Bath 7 Car 87 West Street Contact agent Thomas
Vincent
www.87west.toop.com.au Sat 7 October 12pm - 12:30pm Open:
0448 888 816
0466 229 880
Crawford
Doran
Bronte Manuel 0439 828 882 Thomas Crawford 0448 888 816 www.661-663greenhill.toop.com.au
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.5baliol.toop.com.au
7 Bed 4 Bath 4 Car
Contact agent
BURNSIDE
661 - 663 Greenhill Road
Sat 7 October 12:30pm - 1pm Open: COLLEGE PARK 4 Bed 2 Bath 2 Car
Contact agent
5 Baliol Street
Sat 21 October
on
Auction: Sun 8 October
-
Open:
4pm
site
1pm
1:30pm
Crawford 0448 888 816
Doran 0466 229 880
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880
CROYDON PARK 3 Bed 1 Bath 4 Car 4 Harley
Contact agent Thomas
Vincent
www.4harley.toop.com.au Sat 7 October 2pm - 2:30pm Open: CROYDON PARK 2 Bed 1 Bath 1 Car
Hefford
Contact agent
www.20hefford.toop.com.au Sat 7 October 2pm - 2:30pm Open:
Road
20
Avenue
CROYDON PARK 4 Bed 2 Bath 3 Car 11 Chrysler Road Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.11chrysler.toop.com.au Sun 8 October 2:30pm - 3pm Open: CUDLEE CREEK 5 Bed 3 Bath 4 Car 79 Redden Drive Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79redden.toop.com.au Sat 7 October 10:30am - 11am Open:
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650 www.11oldsmobile.toop.com.au
5 Egmont Terrace
Ryan Yuan 0422 429 939
Lalita Yuan 0433 402 255 www.5egmont.toop.com.au
PARK 8 Bed 2 Bath 8 Car
agent
DUDLEY
11 Oldsmobile Terrace Contact
Sun 15 October 12pm on site Auction: Sat 7 October 3pm - 3:30pm Open:
ERINDALE 4 Bed 2 Bath 2 Car
Contact agent
Sat 21 October
Sat 7 October
Open:
12:30pm on site Auction:
11am - 11:45am
ETHELTON 3 Bed 2 Bath 2 Car 5 Cowie Street Contact agent Vincent
Thomas
www.5cowie.toop.com.au Sun 8 October 11:30am - 12pm Open: GLEN OSMOND 4 Bed 2 Bath 2 Car 11 Dutton Street Contact agent Sally
sally.cameron@toop.com.au www.11dutton.toop.com.au Sat 21 October 11am on site Auction: Sun 8 October 11am - 11:30am Open:
Doran 0466 229 880
Crawford 0448 888 816
Cameron 0412 915 108
Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.61beadnall.toop.com.au
Grant Wills 0419 865 829 grant.wills@toop.com.au www.2-2broughton.toop.com.au
GLENGOWRIE 3 Bed 1 Bath 3 Car 61 Beadnall
Contact agent
Sat 7 October 1:30pm on site Auction: Sat 7 October 1pm - 1:30pm Open: GLENSIDE 2 Bed 1 Bath 2 Car
$540,000 - $560,000
Sat 7 October 12pm - 12:30pm Open:
Terrace
2 / 2 Broughton Street
Wills 0419 865 829 grant.wills@toop.com.au
GLENUNGA 3 Bed 2 Bath 1 Car 1A Cedar Avenue Contact agent Grant
Sat 14 October 1pm on site Auction: Sat 7 October 11am - 11:30am Open: GOOLWA SOUTH 5 Bed 2 Bath 1 Car 10 Cant
$750,000 - $825,000 Anita
Sun 8 October 2:30pm - 3pm Open:
www.1acedar.toop.com.au
Road
Hardingham 0413 335 706 anita.hardingham@toop.com.au www.10cant.toop.com.au
HAWTHORN 3 Bed 2 Bath 2 Car
24A William Street
Peter McMillan 0417 733 900
Contact agent
Auction: Sat 7 October 1pm - 1:30pm Open:
Glenn McMillan 0476 394 663 www.24awilliam.toop.com.au Sat 14 October 11:30am on site
HAWTHORN 5 Bed 3 Bath 2 Car 95 Cross Road
Contact agent
Jordan Begley 0410 289 240
Makeeley Abraham 0414 630 600 www.95cross.toop.com.au Sun 8 October 1pm - 1:45pm
Open:
HAWTHORNDENE 3 Bed 1 Bath 4 Car 38 Suffolk Road $650,000 - $715,000 Anita Hardingham 0413 335 706 Anita.Hardingham@toop.com.au www.38suffolk.toop.com.au Sat 7 October 10:30am - 11am Open: HECTORVILLE 2 Bed 1 Bath 1 Car 14 Hazelwood Avenue Contact agent James Lindsay 0434 182 351 james.lindsay@toop.com.au www.14hazelwood.toop.com.au Sun 8 October 10am - 10:30am Open:
HIGHGATE 4 Bed 2 Bath 2 Car 29 Highgate Street $2,195,000 Julie Zanes 0438 886 113 julie.zanes@toop.com.au www.29highgate.toop.com.au Sat 7 October 10:30am on site Auction: Sat 7 October 10am - 10:30am Open: HOLDEN HILL 3 Bed 2 Bath 2 Car 8a McBean Avenue Contact agent Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.8amcbean.toop.com.au Sat 7 October 12:15pm - 1pm Open:
22 East Terrace
Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.22east.toop.com.au
25 Nottage Road
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650 www.25nottage.toop.com.au
KENSINGTON GARDENS 4 Bed 2 Bath 2 Car
Contact agent
Sun 8 October 2:30pm - 3:15pm Open: LIGHTSVIEW 2 Bed 1 Bath 1 Car
Contact agent
Sun 8 October 2:30pm - 3pm Open:
Sally Cameron 0412 915 108
Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478
MEDINDIE 5 Bed 2 Bath 3 Car 39
Contact agent
Sally.Cameron@toop.com.au www.39dutton.toop.com.au Sun 8 October 2:30pm - 3pm Open: MODBURY HEIGHTS 3 Bed 2 Bath 2 Car
Contact agent
Dutton Terrace
4 Abeona Close
Sun 22 October 10:30am on site Auction: Sat 7 October 4pm - 4:30pm Open:
www.4abeona.toop.com.au
427 427
Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.12ahoods.toop.com.au
MODBURY HEIGHTS 3 Bed 2 Bath 4 Car 4 Strathisla Court Contact agent
scott.thomson@toop.com.au www.4strathisla.toop.com.au Sat 7 October 11am - 11:30am Open: NORTHFIELD 3 Bed 2 Bath 1 Car 12A
$680,000
Sat 7 October 1pm on site Auction: Sat 7 October 12:30pm - 1pm Open:
Scott Thomson 0414
Hoods Road
Ryan
NORWOOD 2 Bed 1 Bath 22 Gray Street Contact agent Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.22gray.toop.com.au Sat 7 October 2pm - 2:30pm Open: NORWOOD 2 Bed 1 Bath 28 / 62 William Street $380,000 - $415,000 Julie Zanes 0438 886 113 julie.zanes@toop.com.au www.28-62william.toop.com.au Sat 7 October 1pm - 1:30pm Open:
Wood Road
Peter McMillan 0417 733 900
Glenn McMillan 0476 394 663 www.25wood.toop.com.au
30 Oxenbould Street $990,000
Peter McMillan 0417 733 900
Glenn McMillan 0476 394 663 www.30oxenbould.toop.com.au
PARADISE 3 Bed 1 Bath 4 Car
$620,000
25
Sat 21 October 10:30am on site Auction: Sat 7 October 2:30pm - 3pm Open: PARKSIDE 3 Bed 1 Bath 2 Car
Sat
on
Auction: Sat 7
10:15am
Open:
7 October 11am
site
October
- 11am
32 Oxenbould Street
Peter McMillan 0417 733 900
Glenn McMillan 0476 394 663 www.32oxenbould.toop.com.au
119 River Lane
James Lindsay 0434 182 351
james.lindsay@toop.com.au www.119river.toop.com.au
PARKSIDE 5 Bed 1 Bath 2 Car
Contact agent
Sat 7 October 12pm - 12:30pm Open: PORT MANNUM 3 Bed 1 Bath 2 Car
Contact agent
Sat 7 October 10am - 10:45am Open:
Vincent Doran 0466 229 880
Jake Theo 0422 959 650 www.6angela.toop.com.au
1 / 90 Hawker Street
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.1-90hawker.toop.com.au
REYNELLA 3 Bed 2 Bath 7 Car
Contact agent
6 Angela Street
Sun 8 October 11am - 11:30am Open:
2 Bed 1 Bath 2 Car
Contact agent
RIDLEYTON
Thu 19 October
on
Auction: Sat 7 October
-
Open:
6pm
site
1pm
1:30pm
23 Coach Road
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au
19 Treefern Avenue
Alexander Parzis 0410 588 633
Hayley Parzis 0411 318 382
2
2 Car
ROSSLYN PARK 4 Bed
Bath
Contact agent
on
www.23coach.toop.com.au Sat 21 October 2pm
site Auction: Sun 8 October 12pm - 12:30pm Open:
ROSTREVOR 5 Bed 2 Bath 2 Car
Contact agent
www.19treefern.toop.com.au Sat 7 October 10am - 10:30am Open:
ROYSTON PARK 3 Bed 2 Bath 1 Car 11 Gilding Avenue $1,090,000 Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.11gilding.toop.com.au Sat 14 October 11:30am on site Auction: Sat 7 October 1:45pm - 2:15pm Open: SEACOMBE GARDENS 4 Bed 2 Bath 1 Car 5A Greenasche Grove Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.5agreenasche.toop.com.au Sat 21 October 10am on site Auction: Sat 7 October 11:30am - 12pm Open:
SEFTON PARK 2 Bed 1 Bath 2 Car 5 / 16 Second Avenue Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.5-16second.toop.com.au Sat 7 October 1pm - 1:30pm Open: ST CLAIR 2 Bed 1 Bath 1 Car 404 / 301 St Clair Avenue $399,000 - $434,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.404-301stclair.toop.com.au Sat 7 October 4pm - 4:30pm Open:
ST PETERS 4 Bed 2 Bath 2 Car
6A Player Avenue Contact agent
Ryan Yuan 0422 429 939
Lalita Yuan 0433 402 255
Open:
www.6aplayer.toop.com.au Sat 7 October 3pm on site
Auction: Sat 7 October 2:30pm - 3pm
WALKERVILLE 5 Bed 3 Bath 2 Car
165 Stephen Terrace Contact agent
Sally Cameron 0412 915 108
sally.cameron@toop.com.au www.165stephen.toop.com.au
Open:
Sun 8 October 10am - 10:30am
WEST CROYDON 3 Bed 2 Bath 3 Car 24 Alfred Road Contact agent Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.24alfred.toop.com.au Sat 7 October 1pm - 1:30pm Open:
ADELAIDE 3 Bed 2 Bath 2 Car Lew Toop Contact agent
lew.toop@toop.com.au www.vault.toop.com.au ADELAIDE 2 Bed 2 Bath 2 Car Lew Toop Contact agent
0419 888 893
0419 888 893 lew.toop@toop.com.au www.vault.toop.com.au
ALLENBY GARDENS 3 Bed 2 Bath 2 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au BLACKWOOD 3 Bed 2 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
ERINDALE 4 Bed 3 Bath 3 Car
Cameron Contact agent
Sally
0412 915 108
FAIRVIEW PARK 4 Bed 2 Bath 2 Car
Contact agent
sally.cameron@toop.com.au www.vault.toop.com.au
Scott Thomson
0414 427 427
scott.thomson@toop.com.au www.vault.toop.com.au
GILBERTON 4 Bed 3 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au GOODWOOD 3 Bed 1 Bath 2 Car Peter McMillan Contact agent 0417 733 900 peter.mcmillan@toop.com.au www.vault.toop.com.au
HAZELWOOD PARK 4 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au HENLEY BEACH 4 Bed 2 Bath 2 Car Lew Toop Contact agent 0419 888 893 lew.toop@toop.com.au www.vault.toop.com.au
KLEMZIG 2 Bed 1 Bath 1 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au MALVERN 2 Bed 1 Bath 2 Car Sharee Redic Contact agent 0407
sharee.redic@toop.com.au www.vault.toop.com.au
722 660
MARDEN 2 Bed 1 Bath 1 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au NEW PORT 1 Bed 1 Bath 1 Car Amelia Langhans Contact agent 0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au
NEW PORT 2 Bed 2 Bath 2 Car Amelia Langhans Contact agent 0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au NEW PORT 2 Bed 2 Bath 2 Car Amelia Langhans Contact agent 0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au
NORTH ADELAIDE 3 Bed 2 Bath 2 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au PARADISE 4 Bed 1 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
PARADISE 4 Bed 2 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au PARALOWIE 5 Bed 3 Bath 4 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
PAYNEHAM 4 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au ROSTREVOR 5 Bed 2 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
TERINGIE 5 Bed 3 Bath 4 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au WALLAROO 5 Bed 3 Bath 3 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au