14 June 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.
more of these
stories visit toop.com.au/blog
For
ADELAIDE 2 Bed 2 Bath 1 Car 2503 / 421 King William Street Contact agent Jacqui Wehrmann 0412 449 004 jacqui.wehrmann@toop.com.au www.2503vue.toop.com.au Sun 16 June 12pm - 12:30pm Open: BROMPTON 3 Bed 1 Bath 2 Car 1 Hocking Street $795,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1hocking.toop.com.au Sun 30 June 10am on site Auction: Sun 16 June 10:30am - 11am Open:
Thomas Crawford 0448 888 816
Theo 0422 959 650 www.5harley.toop.com.au
Vincent Doran 0466 229 880
Jake Theo 0422 959 650
CROYDON PARK 3 Bed 1 Bath 4 Car 5
Contact agent
Harley Road
Sun 16 June 12pm on site Auction: Sat 15 June 11:15am - 11:45am Open: FLINDERS PARK 4 Bed 2 Bath 2 Car 48
Contact agent - $1,139
Jake
Holbrooks Road
www.48holbrooks.toop.com.au Sat 15 June 11:15am - 11:45am Open:
Wills 0419 865 829 grant.wills@toop.com.au www.13allinga.toop.com.au
GLENSIDE 4 Bed 3 Bath 1 Car 13 Allinga Avenue Contact agent Grant
Sun 30 June 11am on site Auction: Sat 15 June 12:30pm - 1:15pm Open: GOLDEN GROVE 4 Bed 2 Bath 2 Car 7 Bartlett Court Contact agent Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.7bartlett.toop.com.au Sat 15 June 11am - 11:45am Open:
KENSINGTON PARK 5 Bed 3 Bath 2 Car 2 Pembroke Street Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.2pembroke.toop.com.au Sat 15 June 11am - 11:30am Open: KENSINGTON PARK 4 Bed 3 Bath 2 Car 31 May Terrace Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.31may.toop.com.au Sat 15 June 11:30am - 12pm Open:
LEABROOK 6 Bed 3 Bath 4 Car 18 Rochester Street Contact agent Jordan Begley 0410 289 240
Sat 15 June 1pm - 1:30pm Open: MANNINGHAM 3 Bed 1 Bath 4 Car 30 Benjamin Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.30benjamin.toop.com.au Sat 22 June 12pm on site Auction: Sat 15 June 10:45am - 11:15am Open:
jordan.begley@toop.com.au www.18rochester.toop.com.au
MARRYATVILLE 4 Bed 3 Bath 4 Car 4 Clapton Road $2,300,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.4clapton.toop.com.au Sat 15 June 9:30am - 10am Open: MARRYATVILLE 3 Bed 2 Bath 1 Car 4 / 12A Clapton Road Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.4-12aclapton.toop.com.au Sat 29 June 12:30pm on site Auction: Sat 15 June 1:30pm - 2pm Open:
NORTH ADELAIDE 4 Bed 2 Bath 2 Car 38
Contact agent
Sat 15 June 2:45pm - 3:15pm Open: NORTH PLYMPTON 3 Bed 2 Bath 2 Car 46C Mooringe Avenue Contact agent
Crawford
Vincent Doran
229
www.46cmooringe.toop.com.au Sat 15 June 10am - 10:30am Open:
Finniss Street
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.38finniss.toop.com.au
Thomas
0448 888 816
0466
880
Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.4-5churchill.toop.com.au
Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.10forest.toop.com.au
OVINGHAM 2 Bed 1 Bath 1 Car 4
Contact agent
Sat 15 June 12:15pm - 12:45pm Open: PARALOWIE 4 Bed 3 Bath 1 Car
Contact agent
/ 5 Churchill Road
10 Forest Avenue
Sat 15 June 1:15pm
Open:
- 1:45pm
22 Mingbool Avenue
Grant Wills 0419 865 829 grant.wills@toop.com.au www.22mingbool.toop.com.au
PASADENA 3 Bed 1 Bath 5 Car
Contact agent
Sun 30
on site Auction: Sat 15
Open: ROSTREVOR 5 Bed 3 Bath 2 Car 53
Contact agent
Sat 15 June 11am - 11:30am Open:
June 1:30pm
June 10:30am - 11am
Rita Avenue
Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.53rita.toop.com.au
SCOTT CREEK 6 Bed 3 Bath 10 Car 115 Ilunga Drive $1,350,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.115ilunga.toop.com.au Sat 15 June 2:30pm - 3pm Open: TAPEROO 5 Bed 3 Bath 4 Car 1 Medina Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.1medina.toop.com.au Sat 29 June 2:30pm on site Auction: Sat 15 June 12pm - 12:30pm Open:
TENNYSON 5 Bed 4 Bath 4 Car 101 Military Road $2,300,000 - $2,500,000 Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.101military.toop.com.au Sat 15 June 1pm - 1:30pm Open: TOORAK GARDENS 4 Bed 2 Bath 2 Car 92 Grant Avenue Contact agent Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.92grant.toop.com.au Sat 15 June 11am - 11:30am Open:
TOORAK GARDENS 4 Bed 2 Bath 4 Car 30
Avenue Contact agent Jordan
240
Sat 15 June 2pm - 2:30pm Open: TORRENS PARK 4 Bed 2 Bath 2 Car 304 Belair Road $1,460,000 - $1,600,000 Grant Wills 0419 865 829 grant.wills@toop.com.au www.304belair.toop.com.au Sat 15 June 11:15am - 12pm Open:
Cudmore
Begley 0410 289
jordan.begley@toop.com.au www.30cudmore.toop.com.au
TRANMERE 4 Bed 3 Bath 2 Car 13 Emerson Grove Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.13emerson.toop.com.au Sat 15 June 10am on site Auction: Sat 15 June 9:30am - 10am Open: UNLEY 2 Bed 2 Bath 2 Car 6 / 54 Charles Street Contact agent Ben Scadden 0401 573 580 ben.scadden@toop.com.au www.6-54charles.toop.com.au Sat 15 June 11:30am - 12pm Open:
VALE PARK 4 Bed 3 Bath 2 Car 15 Washington Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.15washington.toop.com.au Sat 22 June 10:30am on site Auction: Sat 15 June 10am - 10:30am Open: VALLEY VIEW 4 Bed 2 Bath 2 Car 37 Knightsbridge Avenue $695,000 Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.37knightsbridge.toop.com.au Sun 23 June 10am on site Auction: Sat 15 June 10am - 10:30am Open:
Gawler Terrace
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.8agawler.toop.com.au
WALKERVILLE 4 Bed 3 Bath 2 Car
Contact agent
Sat 15 June 2:15pm - 2:45pm Open: WATERFALL GULLY 3 Bed 2 Bath 2 Car 177
Road Contact agent
www.177waterfallgully.toop.com.au Sat 29 June 10:30am on site Auction: Sat 15 June 12:30pm - 1pm Open:
8A
Waterfall Gully
Sally Cameron 0412 915 108 sally.cameron@toop.com.au
WATTLE PARK 5 Bed 3 Bath 2 Car 18 Cooper Angus Grove Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.18cooperangus.toop.com.au Sat 15 June 11:45am - 12:15pm Open: WESTBOURNE PARK 5 Bed 2 Bath 3 Car 29 Richmond Road Contact agent Gena Nash 0408 828 415 gena.nash@toop.com.au www.29richmond.toop.com.au Sat 15 June 12pm - 12:30pm Open:
ATHELSTONE 4 Bed 2 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au DUDLEY PARK 2 Bed 1 Bath 1 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
GLEN OSMOND 4 Bed 3 Bath 2 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au GLENELG SOUTH 4 Bed 2 Bath 4 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
GLENSIDE 3 Bed 2 Bath 1 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au GOOLWA Gena Nash Contact agent 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
GREENWITH 4 Bed 2 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au GULFVIEW HEIGHTS 4 Bed 2 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
HECTORVILLE 3 Bed 2 Bath 2 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au HIGHBURY 3 Bed 2 Bath 1 Car Cassandra Yeates Contact agent 0407 871 851 cassandra.yeates@toop.com.au www.vault.toop.com.au
KENSINGTON GARDENS 4 Bed 2 Bath 1 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au KLEMZIG 4 Bed 2 Bath 1 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
MARDEN 3 Bed 2 Bath 4 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au MOUNT BARKER 3 Bed 2 Bath 2 Car James Lindsay Contact agent 0434 182 351 james.lindsay@toop.com.au www.vault.toop.com.au
OAKDEN 3 Bed 2 Bath 2 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au PANORAMA 3 Bed 2 Bath 1 Car Rowena Coleiro Contact agent 0423 187 007 rowena.coleiro@toop.com.au www.vault.toop.com.au
POORAKA 2 Bed 1 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au SALISBURY HEIGHTS 3 Bed 1 Bath 1 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
ST GEORGES 5 Bed 3 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au ST KITTS 4 Bed 2 Bath 5 Car Sam Hayes Contact agent 0438 767 227 sam.hayes@toop.com.au www.vault.toop.com.au
ST MORRIS 4 Bed 1 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au ST MORRIS 4 Bed 3 Bath 6 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
WEST CROYDON 3 Bed 1 Bath 3 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au WOODFORDE 2 Bed 1 Bath 1 Car Cassandra Yeates Contact agent 0407 871 851 cassandra.yeates@toop.com.au www.vault.toop.com.au