19 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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ADELAIDE 3 Bed 3 Bath 1 Car 9 / 112 Gilbert Street $750,000 - $800,000 Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.9-112gilbert.toop.com.au Sat 20 April 2:15pm - 3pm Open: ALLENBY GARDENS 3 Bed 2 Bath 5 Car 73 East Avenue Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.73east.toop.com.au Sun 28 April 2pm on site Auction: Sun 21 April 10:45am - 11:15am Open:
BOWDEN 1 Bed 1 Bath 1 Car 14 Trembath Street Contact agent
Thomas Crawford 0448 888 816
Sat 20
11am
BROMPTON 3 Bed 1 Bath 1 Car 28 Second Street
Crawford
816
Vincent Doran 0466 229 880 www.14trembath.toop.com.au
April 10:30am -
Open:
$875,000 Thomas
0448 888
Sun 5
12pm on site
Sat 20
11am
Vincent Doran 0466 229 880 www.28second.toop.com.au
May
Auction:
April 10:30am -
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: Sat 20 April 9:45am - 10:15am 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 21 April 1:30pm - 2pm Open:
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650
James Lindsay 0434 182 351
james.lindsay@toop.com.au
www.1-579greenhill.toop.com.au
Open:
Sat 20 April 10:30am - 11am
PARK
Bed 4 Bath 4 Car
Contact agent
BROOKLYN
5
15 Tolley Crescent
1
www.15tolley.toop.com.au Sat 20 April 3:30pm - 4pm Open: BURNSIDE 2 Bed
Bath 2 Car
1 / 579 Greenhill Road Contact agent
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
on site Auction: Sat 20
12pm Open: CHELTENHAM 4 Bed 2 Bath 2 Car 1 Sixth Avenue Contact agent
April 12pm
April 11:30am -
Thomas Crawford 0448 888 816
Sun
21 April 1:15pm - 1:45pm Open:
Sally Cameron 0412 915 108 www.19robert.toop.com.au
CROYDON 4 Bed 2 Bath 2 Car 19 Robert Street Contact agent
816
Thomas Crawford 0448 888
Sat 20 April 2pm - 2:30pm Open: CROYDON 2 Bed 1 Bath 1 Car 3 / 2A King Street Contact agent
816
Thomas Crawford 0448 888
Sat 4 May 12pm on site Auction: Sat 20 April 2:45pm - 3:15pm Open:
Vincent Doran 0466 229 880 www.3-2aking.toop.com.au
CROYDON PARK 4 Bed 3 Bath 4 Car 1A Talbot Road Contact agent Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.1atalbot.toop.com.au Sun 21 April 2:45pm - 3:15pm Open: DULWICH 4 Bed 2 Bath 2 Car 41 Ascot Avenue $1,480,000 Peter McMillan 0417 733 900
McMillan 0476 394 663 www.41ascot.toop.com.au Sun 28 April 1pm on site Auction: Sat 20 April 11am - 11:30am Open:
Glenn
EASTWOOD 3 Bed 1 Bath 2 Car 31 Elizabeth Street $1,300,000 Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.31elizabeth.toop.com.au Sat 4 May 12:30pm on site Auction: Sat 20 April 1pm - 1:45pm Open: FELIXSTOW 3 Bed 1 Bath 3 Car 5 Cann Close Contact agent Alexander Parzis 0410 588 633
Parzis 0411 318 382
Sat 4 May 10:30am on site Auction: Sat 20 April 11:30am - 12pm Open:
Hayley
www.5cann.toop.com.au
FIRLE 4 Bed 2 Bath 2 Car 3 Shelley Street Contact agent Grant Wills 0419 865 829 grant.wills@toop.com.au www.3shelley.toop.com.au Sat 27 April 10:30am on site Auction: Sat 20 April 12:30pm - 1:15pm Open: FULLARTON 2 Bed 1 Bath 1 Car 4 / 6 Dawson Street $570,000 Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.4-6dawson.toop.com.au Sat 4 May 1pm on site Auction: Sat 20 April 12:30pm - 1:15pm Open:
GLANDORE 2 Bed 1 Bath 3 Car 1 Garland Street $800,000 Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.1garland.toop.com.au Fri 3 May 10:30am on site Auction: Sat 20 April 12pm - 12:30pm 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: Sun 21 April 11:30am - 12pm Open:
Thomas Crawford 0448 888 816
Vincent
0466 229 880
Vincent Doran 0466 229 880
Jake Theo 0422 959 650
KILKENNY
Bed 2 Bath 1 Car
Contact agent
3
28 Mundulla Street
LARGS NORTH 3 Bed 1 Bath 5 Car
Contact agent
Doran
www.28mundulla.toop.com.au Sat 4 May 10am on site Auction: Sat 20 April 1:30pm - 2pm Open:
31 Kenilworth Street
www.31kenilworth.toop.com.au Sun 21 April 10:15am - 10:45am Open:
NETHERBY 4 Bed 2 Bath 2 Car 532 Fullarton Road $2,000,000
McMillan
Sat 20 April 10am - 10:30am Open: PARADISE 4 Bed 3 Bath 4 Car 14A Parkwood Avenue Contact agent
Parzis
588 633
Sun 28 April 11am on site Auction: Sat 20 April 10am - 10:30am Open:
Glenn
0476 394 663 Peter McMillan 0417 733 900 www.532fullarton.toop.com.au
Alexander
0410
Hayley Parzis 0411 318 382 www.14aparkwood.toop.com.au
Anita.Hardingham@toop.com.au
www.9schocroft.toop.com.au
Anita Hardingham 0413 335 706
anita.hardingham@toop.com.au
www.3schocroft.toop.com.au
PICCADILLY 3 Bed 1 Bath 14 Car
Road Contact agent
9 Schocroft
Anita Hardingham 0413 335 706
Sun 21 April 1pm - 1:30pm Open: PICCADILLY 3 Bed 1 Bath 2 Car
Contact agent
3 Schocroft Road
Sun 21 April 1:30pm
2:15pm Open:
-
RIDLEYTON 3 Bed 2 Bath 2 Car 2 Blight Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.2blight.toop.com.au Sun 21 April 2pm - 2:30pm Open: ROSE PARK 4 Bed 2 Bath 4 Car 38 Alexandra Avenue Contact agent
Yuan 0422 429 939
Yuan 0433 402 255 www.38alexandra.toop.com.au Sat 20 April 12:30pm - 1:15pm Open:
Ryan
Lalita
Hayley Parzis 0411 318 382
ROSSLYN PARK 5 Bed 3 Bath 3 Car 15 Coach Road Contact agent
ROSTREVOR 3 Bed 2 Bath 2 Car
Contact agent
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.15coach.toop.com.au Sat 20 April 3:30pm on site Auction: Sat 20 April 3pm - 3:30pm Open:
28C Fairleys Road
Alexander Parzis 0410 588 633
www.28cfairleys.toop.com.au Sat 27 April 3pm on site Auction: Sun 21 April 3:30pm - 4pm 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 20 April 9:45am - 10:15am Open: SEMAPHORE PARK 3 Bed 2 Bath 2 Car 2 / 16 Minna Terrace Contact agent Vincent Doran 0466 229 880 Jake Theo 0422 959 650 www.2-16minna.toop.com.au Sat 20 April 2:30pm - 3pm Open:
$1,250,000
Debi Zecevich 0412 170 014
debi.zecevich@toop.com.au
www.28wilton.toop.com.au
Sally Cameron 0412 915 108
sally.cameron@toop.com.au
www.23woodhouse.toop.com.au Sat 20 April 2pm - 2:30pm
Open:
3 Bed 1 Bath 6 Car
TORRENSVILLE
28 Wilton Terrace
PARK 4 Bed 3 Bath 6 Car
Sat 27 April 10am on site Auction: Sat 20 April 12pm - 12:30pm Open: WATTLE
23 Woodhouse Crescent Contact agent
WEST CROYDON 3 Bed 1 Bath 8 Car 67 Cedar Avenue Contact agent
Crawford
Thomas
0448 888 816
Sun 5 May 10am on site Auction: Sat 20 April 1:15pm - 1:45pm Open: WEST CROYDON 3 Bed 1 Bath 6 Car
Henry Street Contact agent
Vincent Doran 0466 229 880 www.67cedar.toop.com.au
66
Thomas Crawford 0448 888 816
Sat 20
site
12pm
Vincent Doran 0466 229 880 www.66henry.toop.com.au
April 12pm on
Auction: Sat 20 April 11:30am -
Open:
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650
Open:
www.2asansom.toop.com.au Sun 28 April 12pm on site
Auction: Sun 21 April 10am - 10:30am
NORTH
1
5 Car
WOODVILLE
3 Bed
Bath
2A Sansom Street Contact agent
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 1 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
CROYDON 4 Bed 2 Bath 3 Car
Contact agent
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
Vincent Doran
0466 229 880
vincent.doran@toop.com.au
www.vault.toop.com.au
CROYDON PARK 3 Bed 1 Bath 1 Car
Contact agent
PARK 3 Bed 2 Bath 2 Car
FLINDERS
Contact agent
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
GILBERTON 4 Bed 2 Bath 2 Car
Contact
agent
GILBERTON 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 KENSINGTON
Sally Cameron Contact agent
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Bed
Bath 2 Car
GOLDEN GROVE 6
2
GARDENS
Bed 2 Bath 1 Car
4
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Sam Hayes
0438 767 227
sam.hayes@toop.com.au
www.vault.toop.com.au
KENT TOWN 3 Bed 2 Bath 2 Car
Contact agent
3 Bed 2 Bath 2 Car
KRONDORF
Contact agent
Jake Theo
0422 959 650
jake.theo@toop.com.au
www.vault.toop.com.au
Sharee Redic
0407 722 660
sharee.redic@toop.com.au
www.vault.toop.com.au
PARK 4 Bed 1 Bath 2 Car
MANSFIELD
Contact
agent
LAKES 2 Bed 1 Bath 1 Car
MAWSON
Contact
agent
Sam Hayes
0438 767 227
sam.hayes@toop.com.au
www.vault.toop.com.au
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
MINTARO 4 Bed 2 Bath 2 Car
Contact agent
ADELAIDE 4 Bed 2 Bath 1 Car
NORTH
Contact
agent
Cassandra Yeates
0407 871 851
cassandra.yeates@toop.com.au
www.vault.toop.com.au
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
PROSPECT 3 Bed 1 Bath 2 Car
Contact agent
PETERS 3 Bed 2 Bath 1 Car
ST
Contact agent
Sally Cameron Contact agent
0412 915 108
sally.cameron@toop.com.au
Sally Cameron Contact agent
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
STEPNEY 4 Bed 3 Bath 1 Car
www.vault.toop.com.au WALKERVILLE 4 Bed 2 Bath 2 Car
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au WEST
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
CROYDON 3 Bed 1 Bath 3 Car
WEST
Contact
agent
CROYDON
Bed 1 Bath 2 Car
3
Contact agent
Jake Theo
0422 959 650
jake.theo@toop.com.au
www.vault.toop.com.au
Sharee Redic
0407 722 660
sharee.redic@toop.com.au
www.vault.toop.com.au
WINDSOR GARDENS 2 Bed 1 Bath 2 Car
Contact agent
2 Bed 1 Bath 1 Car
WOODFORDE
Contact agent