12 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.
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of these
ALLENBY GARDENS 3 Bed 2 Bath 5 Car 73 East Avenue Contact agent Thomas Crawford 0448 888 816
Doran 0466 229 880 www.73east.toop.com.au Sun 28 April 2pm on site Auction: Sat 13 April 2:30pm - 3pm Open: BOWDEN 1 Bed 1 Bath 1 Car 14 Trembath Street Contact agent
Crawford 0448 888 816
Doran 0466 229 880 www.14trembath.toop.com.au Sun 14 April 11:15am - 11:45am Open:
Vincent
Thomas
Vincent
BROMPTON 3 Bed 1 Bath 1 Car 28 Second Street Contact agent
Crawford
888 816
Sat 20 April 10am on site Auction: Sat 13 April 11am - 11:30am Open: BROMPTON 3 Bed 2 Bath 2 Car 69 Coglin Street Contact agent
Crawford
888 816
Sun 21 April 12pm on site Auction: Sat 13 April 12pm - 12:30pm Open:
Thomas
0448
Vincent Doran 0466 229 880 www.28second.toop.com.au
Thomas
0448
Vincent Doran 0466 229 880 www.69coglin.toop.com.au
Vincent Doran 0466 229 880
Thomas Crawford 0448 888 816 www.13press.toop.com.au
Thomas Crawford 0448 888 816
0422 959 650
BROOKLYN PARK 3 Bed 2 Bath 5 Car
Contact
13 Press Road
agent
Sun 14 April 10am on site Auction: Sat 13
1pm
Open: BROOKLYN PARK 5 Bed 4 Bath 4 Car
Contact
April
- 1:30pm
15 Tolley Crescent
agent
Jake Theo
www.15tolley.toop.com.au Sun 14 April 12:30pm - 1pm 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 13 April 11:30am - 12pm Open: CHELTENHAM 4 Bed 2 Bath 2 Car 1 Sixth Avenue Contact agent
Thomas Crawford 0448 888 816
Sat 13 April 1pm
1:30pm
-
Open:
James Lindsay 0434 182 351 Rowena Coleiro 0423 187 007
Grant Wills 0419 865 829
grant.wills@toop.com.au
CHERRY GARDENS 107 Star And Arrow Road Contact agent
2 Bed 1 Bath 2 Car
www.107starandarrow.toop.com.au Sun 14 April 11am - 11:45am Open: CLARENCE PARK
3 / 5 Avondale Street $485,000 - $530,000
www.3-5avondale.toop.com.au Sat 13 April 11am - 11:30am Open:
DEVON PARK 3 Bed 2 Bath 1 Car 43 Alexander Avenue Contact agent
Crawford 0448 888 816
Theo
www.43alexander.toop.com.au Sat 13 April 10am - 10:30am Open: DULWICH 4 Bed 2 Bath 2 Car
Ascot Avenue $1,480,000
McMillan
900
Sun 28 April 1pm on site Auction: Sat 13 April 12pm - 12:45pm Open:
Thomas
Jake
0422 959 650
41
Peter
0417 733
Glenn McMillan 0476 394 663 www.41ascot.toop.com.au
Rowena Coleiro 0423 187 007
DULWICH 4 Bed 2 Bath 2 Car
Cleland Avenue Contact agent
Sat 13
- 12pm Open:
2 Bed 1 Bath 1 Car
Contact agent
18
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.18cleland.toop.com.au
April 11:30am
EVANDALE
4 / 204 Payneham Road
Bronte Manuel 0439 828 882
www.4-204payneham.toop.com.au Sat 13 April 10:30am - 11am Open:
Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382
www.5cann.toop.com.au
Grant Wills 0419 865 829
grant.wills@toop.com.au
FELIXSTOW 3 Bed 1 Bath 3 Car
Contact agent
5 Cann Close
Sat
Sat
Open: FIRLE 4 Bed 2 Bath 2 Car
Contact agent
4 May 10:30am on site Auction:
13 April 12:30pm - 1pm
3 Shelley Street
www.3shelley.toop.com.au Sat 27 April 10:30am on site Auction: Sat 13 April 12:30pm - 1:15pm Open:
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 13 April 2pm - 2:30pm Open: GLENSIDE 3 Bed 1 Bath 1 Car 30 Kyle Street Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.30kyle.toop.com.au Sun 21 April 12pm on site Auction: Sat 13 April 12:30pm - 1pm Open:
Sally Cameron 0412 915 108
Sally.Cameron@toop.com.au
Vincent Doran 0466 229 880
Jake Theo 0422 959 650
www.31kenilworth.toop.com.au Sat 13 April 4pm - 4:30pm
Open:
PARK 3 Bed 2 Bath 2 Car
HYDE
Contact
6 Woodhurst Avenue
agent
NORTH 3
1 Bath 5 Car
www.6woodhurst.toop.com.au Fri 3 May 12pm on site Auction: Sat 13 April 4pm - 4:30pm Open: LARGS
Bed
31 Kenilworth Street Contact agent
Sally Cameron 0412 915 108
Sally.Cameron@toop.com.au www.21avenelgardens.toop.com.au
Glenn McMillan 0476 394 663
Peter McMillan 0417 733 900
MEDINDIE 5 Bed 2 Bath 2 Car
Contact agent
21 Avenel Gardens Road
Sat 13
Open: NETHERBY 4 Bed 2 Bath 2 Car
April 2:15pm - 2:45pm
532 Fullarton Road $2,000,000
Open:
www.532fullarton.toop.com.au Sat 13 April 10am - 10:30am
anita.hardingham@toop.com.au
PARADISE 4 Bed 3 Bath 4 Car 14A
Contact agent
Sun
on site Auction: Sat 13
11:30am - 12pm 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
28 April 11am
April
9 Schocroft Road
Anita Hardingham 0413 335 706
www.9schocroft.toop.com.au Sat 13 April 2pm - 2:30pm Open:
Anita Hardingham 0413 335 706
Ryan Yuan 0422 429 939
Lalita Yuan 0433 402 255
PICCADILLY 3 Bed 1 Bath 2 Car 3 Schocroft Road Contact agent
Sat 13 April 2:30pm - 3:15pm Open: ROSE PARK 4 Bed 2 Bath 4 Car
Contact agent
Anita.Hardingham@toop.com.au www.3schocroft.toop.com.au
38 Alexandra Avenue
www.38alexandra.toop.com.au Sat 13 April 11am - 11:45am 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 13 April 10:30am - 11am Open:
3
ROSSLYN PARK 6 Bed
Bath 2 Car 12 Gillard Drive Contact agent
Ryan Yuan
Lalita
www.12gillard.toop.com.au Sat 13 April 12:30pm - 1pm Open: ROSSLYN PARK 5 Bed 3 Bath 3 Car 15 Coach Road Contact agent
Vincent Doran 0466 229 880
Thomas Crawford 0448 888 816 www.13-5trewren.toop.com.au
Alexander Parzis 0410 588 633
Hayley Parzis 0411 318 382
ROSTREVOR 2 Bed 1 Bath 1 Car
/
Contact agent
13
5 Trewren Avenue
Sun
site
ROSTREVOR 3 Bed 2 Bath 2 Car
agent
14 April 12:30pm on
Auction: Sat 13 April 9:30am - 10am Open:
28C Fairleys Road Contact
site
www.28cfairleys.toop.com.au Sat 27 April 3pm on
Auction: Sat 13 April 2pm - 2:30pm Open:
Sharee Redic 0407 722 660
Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au
ROSTREVOR 3 Bed 2 Bath 2 Car 14 Chapel Way $790,000 - $820,000
www.14chapel.toop.com.au Sat 13 April 4:15pm - 4:45pm Open: SEACOMBE HEIGHTS 4 Bed 3 Bath 4 Car
Braeside Avenue
- $1,640,000
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au
109
$1,590,000
Sat 13 April 11am - 11:30am Open:
Vincent Doran 0466 229 880
Jake Theo 0422 959 650
www.2-16minna.toop.com.au
Sally Cameron 0412 915 108
sally.cameron@toop.com.au
www.13sixth.toop.com.au
SEMAPHORE PARK 3 Bed 2 Bath 1 Car
/ 16 Minna
Contact agent
2
Terrace
Sat 13 April 3pm - 3:30pm Open: ST PETERS 4 Bed 2 Bath 4 Car
Sixth
Contact agent
13
Avenue
Sat 13
Open:
April 1pm - 1:30pm
28 Wilton Terrace
Debi Zecevich 0412 170 014
debi.zecevich@toop.com.au
$1,250,000
Auction: Sat 13 April 12pm - 12:30pm
www.28wilton.toop.com.au Sat 27 April 10am on site
23 Woodhouse Crescent Contact agent
Sally Cameron 0412 915 108
sally.cameron@toop.com.au
www.23woodhouse.toop.com.au Sat 13 April 9:30am - 10am
Open:
Bed 1 Bath 6 Car
TORRENSVILLE 3
3
6
Open: WATTLE PARK 4 Bed
Bath
Car
WEST BEACH 6 Bed 3 Bath 6 Car 104 Seaview Road Contact agent
Gena Nash 0408 828 415
Sat 13 April 11am - 11:30am Open: WEST CROYDON 3 Bed 2 Bath 2 Car 2 Florence Street Contact agent
Sat 20 April 2pm on site Auction: Sat 13 April 12:15pm - 12:45pm Open:
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 CROYDON 3 Bed 1 Bath 6 Car 66 Henry Street Contact agent Thomas Crawford 0448 888 816
Doran 0466
880 www.66henry.toop.com.au Sat 20 April 12pm on site Auction: Sat 13 April 11:30am - 12pm Open: WEST HINDMARSH 3 Bed 1 Bath 2 Car 2 / 33 Cator Street Contact agent
Crawford 0448 888 816
Theo
www.2-33cator.toop.com.au Sun 21 April 10am on site Auction: Sat 13 April 10:45am - 11:15am Open:
Vincent
229
Thomas
Jake
0422 959 650
2A Sansom Street Contact agent
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650
Open:
www.2asansom.toop.com.au Sun 28 April 12pm on site
Auction: Sat 13 April 1:45pm - 2:15pm
NORTH
5
WOODVILLE
3 Bed 1 Bath
Car
Jordan Begley
0410 289 240
jordan.begley@toop.com.au
www.vault.toop.com.au
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
ADELAIDE 1 Bed 1 Bath
Contact
agent
BOWDEN 2 Bed 1 Bath 1 Car
Contact agent
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
BROMPTON 3 Bed 2 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 2 Bed 1 Bath 1 Car
Contact agent
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
Sam Hayes
0438 767 227
sam.hayes@toop.com.au
www.vault.toop.com.au
CROYDON 4 Bed 2 Bath 3 Car
Contact agent
CUTTLEFISH BAY 4 Bed 2 Bath 4 Car
Contact
agent
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au GLEN
Ryan Yuan
0422 429 939
ryan.yuan@toop.com.au
www.vault.toop.com.au
GILBERTON 4 Bed 2 Bath 2 Car
Contact
agent
OSMOND 4 Bed 2 Bath 2 Car
Contact
agent
Jake Theo Contact agent
0422 959 650
jake.theo@toop.com.au
www.vault.toop.com.au
Sally Cameron Contact agent
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
GOLDEN GROVE 6 Bed 2 Bath 2 Car
KENSINGTON PARK 4 Bed 3 Bath 2 Car
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
Vincent Doran
0466 229 880
vincent.doran@toop.com.au
www.vault.toop.com.au
KRONDORF 3 Bed 2 Bath 2 Car
Contact agent
3 Bed 2 Bath 1 Car
MARLESTON
Contact agent
Alexander Parzis
0410 588 633
alexander.parzis@toop.com.au
www.vault.toop.com.au
Sam Hayes
0438 767 227
sam.hayes@toop.com.au
www.vault.toop.com.au
MARRYATVILLE 4 Bed 3 Bath 2 Car
Contact agent
MINTARO 4 Bed 2 Bath 2 Car
Contact agent
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Sharee Redic
0407 722 660
sharee.redic@toop.com.au
www.vault.toop.com.au
NORWOOD 4 Bed 2 Bath 2 Car
Contact
agent
PARADISE 4 Bed 2 Bath 2 Car
Contact agent
Sally Cameron Contact agent
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Ryan Yuan Contact agent
0422 429 939
ryan.yuan@toop.com.au
www.vault.toop.com.au
TANUNDA 5 Bed 3 Bath 10 Car
GARDENS 3 Bed 3 Bath 4 Car
TOORAK
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
PARK 5 Bed 3 Bath 2 Car
WATTLE
Contact agent
Bed
2 Car
WEST CROYDON 3
2 Bath
Contact agent