1 March 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.
toop.com.au/blog
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ALLENBY GARDENS 3 Bed 2 Bath 2 Car 1 / 17 East Avenue $719,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1-17east.toop.com.au Sun 17 March 12pm on site Auction: Sat 2 March 11am - 11:30am Open: ASCOT PARK 3 Bed 1 Bath 2 Car 5b Audrey Street Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.5baudrey.toop.com.au Sat 2 March 12:15pm - 12:45pm Open:
Sally
Sally
BEAUMONT 3 Bed 2 Bath 2 Car 4A Clearview Street Contact agent
Cameron 0412 915 108 Sally.Cameron@toop.com.au www.4aclearview.toop.com.au Sat 16 March 12pm on site Auction: Sat 2 March 4pm - 4:30pm Open: BEULAH PARK 4 Bed 2 Bath 2 Car
Gurrs Road Contact agent
51
Cameron 0412 915 108
www.51gurrs.toop.com.au Sun 17 March 2pm on site Auction: Sun 3 March 3:30pm - 4pm Open:
sally.cameron@toop.com.au
BROMPTON 3 Bed 2 Bath 1 Car 104A East Street $850,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.104aeast.toop.com.au Sun 17 March 10am on site Auction: Sat 2 March 2pm - 2:30pm Open: BULL CREEK 4 Bed 2 Bath 2 Car 807 Bull Creek Road $949,000 - $1,029,000
Crawford 0448 888 816 Bronte Manuel 0439 828 882 www.807bullcreek.toop.com.au Sat 2 March 10am - 10:30am Open:
Thomas
COROMANDEL VALLEY 4 Bed 2 Bath 2 Car 24 Jackson Avenue $830,000 - $890,000 Grant Wills 0419 865 829 grant.wills@toop.com.au www.24jackson.toop.com.au Sat 2 March 1:30pm - 2pm Open: CROYDON 4 Bed 2 Bath 3 Car 7 Scotia Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.7scotia.toop.com.au Sun 3 March 11:30am - 12pm Open:
48
Thomas
19
Thomas
Vincent
PARK 2 Bed 1 Bath 1 Car
CROYDON
Crossley Avenue Contact agent
Crawford 0448 888 816
www.48crossley.toop.com.au Sun
on site Auction: Sat
- 12:30pm Open:
PARK 3 Bed 1 Bath 2 Car
Vincent Doran 0466 229 880
10 March 12pm
2 March 12pm
CROYDON
Overland Road Contact agent
Crawford 0448 888 816
Thu 7 March 6pm on site Auction: Sat 2 March 1pm - 1:30pm Open:
Doran 0466 229 880 www.19overland.toop.com.au
CROYDON PARK 3 Bed 2 Bath 1 Car 11 Alvis Road Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.11alvis.toop.com.au Sat 16 March 10am on site Auction: Sat 2 March 1pm - 1:30pm Open: GILBERTON 4 Bed 2 Bath 2 Car 43 Walkerville Terrace $2,625,000 Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.43walkerville.toop.com.au Sun 3 March 12pm - 12:30pm Open:
9
Grant
5
GLENSIDE 5 Bed 2 Bath 2 Car
Broughton Street Contact agent
Wills 0419 865 829 grant.wills@toop.com.au www.9broughton.toop.com.au Sat 9 March 12:30pm on site Auction: Sat 2 March 11am - 11:45am Open:
2 Bed 1 Bath 1 Car
GLENSIDE
Cranwell Street Contact agent
grant.wills@toop.com.au
Sat 9 March 10:30am on site Auction: Sat 2 March 12pm - 12:30pm Open:
Grant Wills 0419 865 829
www.5cranwell.toop.com.au
HIGHGATE 4 Bed 2 Bath 7 Car 6 Invergowrie Avenue $1,650,000 Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.6invergowrie.toop.com.au Sat 2 March 12pm on site Auction: Sat 2 March 11:30am - 12pm Open: LIGHTSVIEW 4 Bed 2 Bath 2 Car 14 Broadstock Street Contact agent Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.14broadstock.toop.com.au Sun 3 March 12:45pm - 1:15pm Open:
LONGWOOD 1 Bed 1 Bath 1 Car 17 Conrad Road, Contact agent James Lindsay 0434 182 351 james.lindsay@toop.com.au www.17conrad.toop.com.au Sun 3 March 11am - 11:30am Open: MAGILL 4 Bed 2 Bath 2 Car 2 La Perouse Avenue Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.2laperouse.toop.com.au Sat 2 March 10:30am - 11am Open:
MOUNT BARKER 3 Bed 1 Bath 4 Car 62 Alexandrina Road Contact agent James Lindsay 0434 182 351 james.lindsay@toop.com.au www.62alexandrina.toop.com.au Sat 2 March 2:30pm - 3pm Open: MYRTLE BANK 5 Bed 2 Bath 3 Car 84 Ferguson Avenue Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.84ferguson.toop.com.au Sat 16 March 1:30pm on site Auction: Sat 2 March 1:30pm - 2pm Open:
NETHERBY 4 Bed 2 Bath 2 Car 532 Fullarton Road Contact agent Glenn McMillan 0476 394 663 Peter McMillan 0417 733 900 www.532fullarton.toop.com.au Sat 2 March 10am - 10:45am Open: OAKLANDS PARK 4 Bed 2 Bath 2 Car 79A Bombay Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79abombay.toop.com.au Sat 2 March 2:30pm - 3pm Open:
5
Sally
PARADISE 4 Bed 3 Bath 2 Car
Parkwood Avenue Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14bparkwood.toop.com.au Sat 2 March 10am - 10:30am Open: ROSSLYN PARK 5 Bed 3 Bath 2 Car
14B
Lanark Street Contact agent
Cameron 0412 915 108 sally.cameron@toop.com.au www.5lanark.toop.com.au Sat 2 March 10am - 10:30am Open:
Ryan
14
Sally
ROSSLYN PARK 6 Bed 3 Bath 2 Car
Gillard Drive Contact agent
12
Yuan 0422 429 939
Yuan 0433 402 255
Sat 2 March 11:30am - 12pm Open: ROSTREVOR 3 Bed 2 Bath 2 Car
Lalita
www.12gillard.toop.com.au
Chapel Way Contact agent
Cameron 0412 915 108
www.14chapel.toop.com.au Sun 3 March 4:30pm - 5pm Open:
sally.cameron@toop.com.au
SEACOMBE HEIGHTS 4 Bed 3 Bath 4 Car 109 Braeside Avenue $1,650,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au Sat 2 March 1:30pm - 2pm Open: ST PETERS 3 Bed 1 Bath 25 Sixth Avenue Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.25sixth.toop.com.au Sat 2 March 12:30pm on site Auction: Sat 2 March 12pm - 12:30pm Open:
Sally
Jordan
ST PETERS 4 Bed 2 Bath 2 Car
Fifth Avenue Contact agent
8
Cameron 0412 915 108
www.8fifth.toop.com.au Sun 3 March 1:30pm on site Auction: Sat 2 March 11am - 11:30am Open: STIRLING 4 Bed 2 Bath 2 Car
Sturt Valley Road Contact agent
Sally.Cameron@toop.com.au
71
Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au Sat 2 March 11am - 11:30am Open:
STONYFELL 4 Bed 2 Bath 2 Car
Allendale Grove Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.50allendale.toop.com.au Sat 2 March 5pm - 5:30pm Open: TERINGIE 4 Bed 1 Bath 10 Car
Teringie Drive Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.5teringie.toop.com.au Sat 2 March 11am - 11:30am Open:
50
5
TERINGIE 5 Bed 4 Bath 2 Car 14 Coach House Drive $2,350,000 - $2,500,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au Sat 2 March 12pm - 12:30pm Open: UNLEY 4 Bed 5 Bath 2 Car 75 Frederick Street Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.75frederick.toop.com.au Sat 2 March 2:30pm on site Auction: Fri 1 March 3:30pm - 4pm Open:
40
Sally Cameron 0412 915 108
Sally.Cameron@toop.com.au
www.40church.toop.com.au
31B
Sally Cameron 0412 915 108
sally.cameron@toop.com.au
www.31bbrunswick.toop.com.au
WALKERVILLE 5 Bed 2 Bath 2 Car
Church Terrace Contact agent
Sun 3 March 10:30am - 11am Open: WALKERVILLE 3 Bed 2 Bath 2 Car
Brunswick Street Contact agent
Sun 3 March 11:30am - 12pm Open:
WEST BEACH 6 Bed 3 Bath 6 Car 104 Seaview Road Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.104seaview.toop.com.au Sat 2 March 11am - 11:30am Open: WEST LAKES SHORE 3 Bed 1 Bath 1 Car 23 Ashburton Avenue $740,000 - $760,000 Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.23ashburton.toop.com.au Fri 8 March 11am on site Auction: Sat 2 March 11am - 11:30am Open:
0448
thomas.crawford@toop.com.au
ADELAIDE 1 Bed 1 Bath
Begley Contact agent
289 240
www.vault.toop.com.au ADELAIDE 1 Bed 1 Bath
Crawford Contact agent
Jordan
0410
jordan.begley@toop.com.au
Thomas
888 816
www.vault.toop.com.au
Sally
0412
sally.cameron@toop.com.au
www.vault.toop.com.au
0419 865 829
grant.wills@toop.com.au
www.vault.toop.com.au
BEAUMONT 3 Bed 2 Bath 2 Car
Cameron Contact agent
915
108
BLACK FOREST 3 Bed 1 Bath 1 Car
Wills Contact agent
Grant
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
BOWDEN 2 Bed 1 Bath 1 Car
Contact agent
CROYDON 4 Bed 2 Bath 2 Car
Contact agent
Sally
0412
sally.cameron@toop.com.au
www.vault.toop.com.au
0408
gena.nash@toop.com.au www.vault.toop.com.au
DULWICH 5 Bed 2 Bath 2 Car
Cameron Contact agent
915 108
GLENELG EAST 3 Bed 1 Bath
Nash Contact agent
Gena
415
828
0419
0410
alexander.parzis@toop.com.au
GLENELG NORTH 4 Bed 3 Bath 4 Car
Wills Contact agent
Grant
865 829
GOLDEN GROVE 3 Bed 2 Bath 4 Car
Parzis Contact agent
grant.wills@toop.com.au www.vault.toop.com.au
Alexander
633
588
www.vault.toop.com.au
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Sally
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Bed 2 Bath 1 Car
HYDE PARK 3
Contact agent
5 Bed 2 Bath 2 Car
JOSLIN
Contact agent
Cameron
Jake Theo
0422 959 650
jake.theo@toop.com.au
www.vault.toop.com.au
Ryan Yuan
0422 429 939
ryan.yuan@toop.com.au
www.vault.toop.com.au
NORTHFIELD 3 Bed 1 Bath 1 Car
Contact agent
NORWOOD 4 Bed 2 Bath 1 Car
Contact agent
alexander.parzis@toop.com.au
Anita
0413
anita.hardingham@toop.com.au
PARADISE 4 Bed 3 Bath 2 Car
Parzis Contact agent
588 633
Alexander
0410
PICCADILLY 3 Bed 1 Bath 2 Car
www.vault.toop.com.au
Hardingham Contact agent
335 706
www.vault.toop.com.au
Anita
0412
jacqui.wehrmann@toop.com.au
PICCADILLY 3 Bed 1 Bath 10 Car
Hardingham Contact agent
335 706
www.vault.toop.com.au SEAFORD 3 Bed 2 Bath 2 Car
Wehrmann Contact agent
0413
anita.hardingham@toop.com.au
Jacqui
449 004
www.vault.toop.com.au
Sam
0438
sam.hayes@toop.com.au
Jordan
0410 289 240
jordan.begley@toop.com.au
www.vault.toop.com.au
TUNGKILLO 4 Bed 2 Bath 6 Car
Hayes Contact agent
767 227
6 Bed 4 Bath 4 Car
www.vault.toop.com.au TUSMORE
Begley 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
CROYDON 3 Bed 1 Bath 3 Car
WEST
Contact agent
CROYDON 3 Bed 1 Bath 2 Car
WEST
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
CROYDON 3 Bed 2 Bath 1 Car
WEST
Contact agent
HINDMARSH 5 Bed 2 Bath 2 Car
WEST
Contact agent