17 May 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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For
ADELAIDE 1 Bed 1 Bath 406 / 252 Flinders Street $349,000 - $379,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.406-252flinders.toop.com.au Sat 18 May 9:30am - 9:45am Open: ALBERTON 2 Bed 1 Bath 1 Car 10 / 56 Queen Street Contact agent Thomas Crawford
Vincent Doran
229 880 www.10-56queen.toop.com.au Sat 1 June 12pm on site Auction: Sun 19 May 3pm - 3:30pm Open:
0448 888 816
0466
BEULAH PARK 5 Bed 2 Bath 6 Car 302 Magill Road Contact agent Alexander Parzis
Hayley Parzis
318 382 www.302magill.toop.com.au Sat 18 May 12:30pm - 1pm Open: BOWDEN 2 Bed 1 Bath 1 Car 402 / 10 Park Terrace $629,000 - $669,000 Thomas Crawford
Vincent Doran
229
www.402-10park.toop.com.au Sat 18 May 10:15am - 10:45am Open:
0410 588 633
0411
0448 888 816
0466
880
Thomas Crawford 0448 888 816
Theo 0422 959 650
Thomas Crawford 0448 888 816 Jake Theo 0422 959 650
BROOKLYN PARK 5 Bed 4 Bath 4 Car 15
Contact agent
Jake
Sat 1 June 10am on site Auction: Sat 18 May 1:15pm - 1:45pm Open: CHELTENHAM 4 Bed 2 Bath 2 Car
Contact agent
Tolley Crescent
www.15tolley.toop.com.au
1 Sixth Avenue
www.1sixth.toop.com.au Sun 2 June 12pm on site Auction: Sun 19 May 12:30pm - 1pm Open:
20 William Street
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.20william.toop.com.au
12 Vauxhall Street
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650 www.12vauxhall.toop.com.au
CROYDON 4 Bed 2 Bath 4 Car
Contact agent
Sun 19 May 11:30am - 12pm Open: CROYDON PARK 4 Bed 3 Bath 4 Car
Contact agent
Sat 18 May
Open:
1:15pm - 1:45pm
Jake Theo 0422 959 650
Doran 0466 229 880 www.25acaptaincook.toop.com.au
Holbrooks Road
Vincent Doran 0466 229 880
Jake Theo 0422 959 650
FLINDERS PARK 3 Bed 2 Bath 2 Car
Contact agent
Sun 19 May 2pm on site Auction: Sat 18 May 3:15pm - 3:45pm Open: FLINDERS PARK 4 Bed 2 Bath 2 Car 48
Contact agent
25A Captain Cook Avenue
Vincent
www.48holbrooks.toop.com.au Sun 2 June 2pm on site Auction: Sat 18 May 12:15pm - 12:45pm Open:
FULHAM GARDENS 4 Bed 2 Bath 2 Car 2 Leisure Court Contact agent Jake Theo
Vincent Doran
www.2leisure.toop.com.au Sat 18 May 2:15pm - 2:45pm Open: HIGHGATE 4 Bed 2 Bath 2 Car 19 Avenue Road $1,820,000 Glenn McMillan
Peter McMillan
900 www.19avenue.toop.com.au Sat 25 May 11:30am on site Auction: Sat 18 May 1pm - 1:30pm Open:
0422 959 650
0466 229 880
0476 394 663
0417 733
HYDE PARK 2 Bed 1 Bath 1 Car 1 Gully Street Contact agent Gena Nash 0408
415 Lew Toop 0419
www.1gully.toop.com.au Sun 26 May 10:30am on site Auction: Sat 18 May 1pm - 1:30pm 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 18 May 11am - 11:30am Open:
828
888 893
26A Little Wakefield Street
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.26alittlewakefield.toop.com.au
Jake Theo 0422 959 650 Vincent Doran 0466 229 880 www.1aharcourt.toop.com.au
KENT TOWN 3 Bed 2 Bath 2 Car
Contact agent
Sat 18 May 12pm - 12:30pm Open: MANSFIELD PARK 4 Bed 1 Bath 3 Car
Contact agent
1A Harcourt Street
Sun 26 May 2pm on site Auction: Sat 18 May 12:15pm - 12:45pm Open:
Parzis 0410 588 633
MARRYATVILLE 4 Bed 3 Bath 4 Car 4 Clapton Road Contact agent
Sat 18 May 1:30pm - 2pm Open: MAWSON LAKES 4 Bed 2 Bath 2 Car 15
Contact agent
www.15hamilton.toop.com.au Sat 18 May 1pm - 1:30pm Open:
Alexander
Hayley Parzis 0411 318 382 www.4clapton.toop.com.au
Hamilton Place
Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851
/ 165 Beulah Road
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.4-165beulah.toop.com.au
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.2-82aarthur.toop.com.au
NORWOOD 3 Bed 2 Bath 2 Car
Contact agent
Sat 18 May 12pm - 12:30pm Open: PAYNEHAM SOUTH 3 Bed 2 Bath 2 Car
Contact agent
Sat 18 May 10am - 10:30am Open:
4
2 / 82a Arthur Street
PLYMPTON 3 Bed 1 Bath 2 Car 26 James Street $700,000 Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.26james.toop.com.au Sat 25 May 10am on site Auction: Sat 18 May 3:15pm - 3:45pm Open: PORT ADELAIDE 2 Bed 1 Bath 1 Car 20 Godfrey Street Contact agent Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.20godfrey.toop.com.au Sun 19 May 11:30am - 12pm Open:
PROSPECT 4 Bed 1 Bath 6 Car 150 Churchill Road Contact agent Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.150churchill.toop.com.au Sat 18 May 11:15am - 11:45am Open: ROSTREVOR 3 Bed 2 Bath 2 Car 5 / 12 Nalara Avenue Contact agent Ben Scadden 0401 573 580 ben.scadden@toop.com.au www.5-12nalara.toop.com.au Sat 18 May 11:30am - 12pm Open:
SALISBURY 4 Bed 2 Bath 4 Car 16 Goodall Crescent $600,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.16goodall.toop.com.au Sat 25 May 10:30am on site Auction: Sat 18 May 10:30am - 11am Open: SEACOMBE HEIGHTS 4 Bed 3 Bath 4 Car 109 Braeside Avenue $1,590,000 - $1,640,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au Sat 18 May 10:30am - 11am Open:
ST PETERS 3 Bed 1 Bath 2 Car 71 Sixth Avenue Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.71sixth.toop.com.au Sat 25 May 12pm on site Auction: Sat 18 May 1:30pm - 2pm Open: TOORAK GARDENS 4 Bed 2 Bath 1 Car 92 Grant Avenue $1,900,000 Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.92grant.toop.com.au Thu 23 May 1pm on site Auction: Sat 18 May 11am - 11:30am Open:
TOORAK GARDENS 2 Bed 1 Bath 1 Car 9 / 1 Raymond Walk Contact agent Vincent
Jake
Sun 26 May 12pm on site Auction: Sun 19 May 12:30pm - 1pm Open: TUSMORE 6 Bed 4 Bath 4 Car 70 Tusmore Avenue Contact agent Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.70tusmore.toop.com.au Sat 18 May 11am - 11:30am Open:
Doran 0466 229 880
Theo 0422 959 650 www.9-1raymond.toop.com.au
UNLEY PARK 3 Bed 2 Bath 2 Car 34 Whistler Avenue Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.34whistler.toop.com.au Sat 1 June 1:30pm on site Auction: Sat 18 May 9am - 9:30am Open: WALKERVILLE 4 Bed 2 Bath 2 Car 7 Dyson Road Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.7dyson.toop.com.au Sat 1 June 10:30am on site Auction: Sat 18 May 2:30pm - 3pm Open:
8A Gawler Terrace
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.8agawler.toop.com.au
1B Warwick Street
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.1bwarwick.toop.com.au
WALKERVILLE 4 Bed 3 Bath 2 Car
Contact agent
Sat 18 May 3:30pm - 4pm Open: WALKERVILLE 4 Bed 2 Bath 2 Car
Contact agent
Sat 25 May 2pm on site Auction: Sat 18 May 2:30pm - 3pm Open:
915 108
WATTLE PARK 5 Bed 3 Bath 2 Car 30
Contact agent
Fri 24 May 1pm on site Auction: Sat 18 May 10am - 10:30am Open: WEST CROYDON 3 Bed 1 Bath 6 Car 9
Contact agent
www.9margaret.toop.com.au Sun 19 May 10am on site Auction: Sat 18 May 11:15am - 11:45am Open:
Wyfield Street
Sally Cameron 0412
Sally.Cameron@toop.com.au www.30wyfield.toop.com.au
Margaret Avenue
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880
10 Shore Court
Gena Nash 0408 828 415 Bronte Manuel 0439 828 882 www.10shore.toop.com.au
Hartley Grove
Jake Theo 0422 959 650 Vincent Doran 0466 229 880 www.21hartley.toop.com.au
WEST LAKES SHORE 5 Bed 3 Bath 3 Car
Contact agent
Sat 18 May 10:30am on site Auction: Sat 18 May 10am - 10:30am Open: WINDSOR GARDENS 3 Bed 1 Bath 2 Car
21
Contact agent
18 May
Open:
Sat
10am - 10:30am
ALDINGA BEACH 3 Bed 1 Bath 2 Car Jacqui Wehrmann Contact agent 0412 449 004 jacqui.wehrmann@toop.com.au www.vault.toop.com.au BLAIR ATHOL 5 Bed 2 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
BROMPTON 3 Bed 1 Bath 2 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au CROYDON PARK 3 Bed 1 Bath 4 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
DULWICH 3 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au FERRYDEN PARK 3 Bed 2 Bath 1 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@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 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
KENSINGTON PARK 5 Bed 3 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@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
MEDINDIE 5 Bed 3 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au MODBURY 4 Bed 1 Bath 4 Car Jake Theo Contact agent 0422 959 650 jake.theo@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 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
PARADISE 3 Bed 1 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au ROSTREVOR 5 Bed 3 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
SCOTT CREEK 6 Bed 3 Bath 10 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au TENNYSON 6 Bed 4 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
TRANMERE 4 Bed 3 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au UNLEY 2 Bed 2 Bath 2 Car Ben Scadden Contact agent 0401 573 580 ben.scadden@toop.com.au www.vault.toop.com.au
WATERFALL GULLY 3 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au WATTLE PARK 5 Bed 3 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
WESTBOURNE PARK 4 Bed 2 Bath 3 Car Gena Nash Contact agent 0408 828 415 gena.nash@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