21 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.
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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 Sat 22 June 12pm - 12:30pm Open: AULDANA 4 Bed 2 Bath 2 Car 28 Patrick Auld Drive $1,650,000 Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.28patrickauld.toop.com.au Sat 6 July 11:30am on site Auction: Sat 22 June 10:15am - 11am Open:
BLACKWOOD 3 Bed 1 Bath 2 Car 68 Brighton Parade Contact agent Sharee
Cassandra Yeates
www.68brighton.toop.com.au Sat 22 June 12:15pm - 12:45pm Open: BLAIR ATHOL 5 Bed 2 Bath 2 Car 26A
Street Contact agent
Cassandra
www.26atrigg.toop.com.au Sat 22 June 1:30pm - 2pm Open:
Redic 0407 722 660
0407 871 851
Trigg
Sharee Redic 0407 722 660
Yeates 0407 871 851
BLAKEVIEW 3 Bed 2 Bath 4 Car 11 Kirkstile Street $630,000 Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.11kirkstile.toop.com.au Sat 22 June 12pm - 12:30pm Open: BROADVIEW 2 Bed 1 Bath 1 Car 3 / 10 Brooke Street $470,000 - $490,000 Debi Zecevich 0412 170 014 debi.zecevich@toop.com.au www.3-10brooke.toop.com.au Sat 22 June 12pm - 12:30pm Open:
BROMPTON 3 Bed 1 Bath 2 Car 1 Hocking Street $795,000 Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.1hocking.toop.com.au Sun 30 June 10am on site Auction: Sat 22 June 10am - 10:30am Open: GLENSIDE 4 Bed 3 Bath 1 Car 13 Allinga Avenue Contact agent Grant Wills 0419 865 829 grant.wills@toop.com.au www.13allinga.toop.com.au Sun 30 June 11am on site Auction: Sat 22 June 2:45pm - 3:30pm Open:
7 Lake Frome Place
Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.7lakefrome.toop.com.au
GREENWITH 3 Bed 1 Bath 1 Car
Contact agent
Sat 22 June 11am - 11:45am Open: KENSINGTON PARK 5 Bed 3 Bath 2 Car 2
Contact agent
Sat 22 June 12:15pm - 12:45pm Open:
Pembroke Street
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.2pembroke.toop.com.au
jordan.begley@toop.com.au www.18rochester.toop.com.au
LEABROOK 6 Bed 3 Bath 4 Car 18 Rochester Street Contact agent
240
Sat 22 June 1pm - 1:30pm Open: 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 22 June 12:30pm - 1pm Open:
Jordan Begley 0410 289
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.38finniss.toop.com.au
NORTH ADELAIDE 4 Bed 2 Bath 2 Car
Contact agent
Sat 22 June 1:45pm - 2:15pm Open: OAKDEN 3 Bed 2 Bath 2 Car 18
Drive Contact agent
Theo 0422
650 Thomas Crawford 0448 888 816 www.18kew.toop.com.au Sat 22 June 12:15pm - 12:45pm Open:
38 Finniss Street
Kew
Jake
959
OVINGHAM 2 Bed 1 Bath 1 Car 4 / 5 Churchill Road Contact agent Jake Theo
650 Thomas Crawford 0448
www.4-5churchill.toop.com.au Sat 22 June 10am - 10:30am Open: PARALOWIE 4 Bed 3 Bath 1 Car 10 Forest Avenue $800,000 - $850,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.10forest.toop.com.au Sat 22 June 12:15pm - 12:45pm Open:
0422 959
888 816
PROSPECT 3 Bed 2 Bath 2 Car 23 Arthur Street Contact agent Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.23arthur.toop.com.au Sat 22 June 11am - 11:30am Open: ROSTREVOR 4 Bed 2 Bath 2 Car 2F Egerton Avenue Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.2fegerton.toop.com.au Sat 22 June 1:30pm - 2pm Open:
ROSTREVOR 5 Bed 3 Bath 2 Car 53 Rita Avenue Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.53rita.toop.com.au Sat 22 June 1:30pm - 2pm Open: SALISBURY HEIGHTS 3 Bed 1 Bath 1 Car 2A Anzac Street Contact agent Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.2aanzac.toop.com.au Sat 22 June 12:30pm - 1:15pm 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 22 June 1:10pm - 1:30pm 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 22 June 2:30pm - 3pm 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 22 June 10:30am - 11am 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 22 June 11am - 11:30am Open:
TOORAK GARDENS 4 Bed 2 Bath 4 Car 30 Cudmore Avenue $2,900,000 Jordan Begley 0410 289 240
Sun 30 June 3pm on site Auction: Sat 22 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 22 June 1:30pm - 2:15pm Open:
jordan.begley@toop.com.au www.30cudmore.toop.com.au
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 22 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 22 June 12:30pm - 1pm Open:
WALKERVILLE 4 Bed 3 Bath 2 Car 8A
Contact agent
Sat 22 June 1pm - 1:30pm Open: WATERFALL GULLY 3 Bed 2 Bath 2 Car 177 Waterfall Gully Road Contact agent Sally Cameron 0412
108 sally.cameron@toop.com.au www.177waterfallgully.toop.com.au Sat 29 June 10:30am on site Auction: Sat 22 June 10am - 10:30am Open:
Gawler Terrace
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.8agawler.toop.com.au
915
WESTBOURNE PARK 5 Bed 2 Bath 3 Car 29 Richmond Road Contact agent Gena
Sat 22 June 2:30pm - 3pm Open: WOODFORDE 2 Bed 1 Bath 1 Car 4 / 25 Norton Summit Road Contact agent Cassandra Yeates 0407 871 851 Sharee Redic 0407 722 660 www.4-25nortonsummit.toop.com.au Sat 6 July 12:30pm on site Auction: Sun 23 June 11am - 11:30am Open:
Nash 0408 828 415 gena.nash@toop.com.au www.29richmond.toop.com.au
ATHELSTONE 4 Bed 2 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au BANGOR Sam Hayes Contact agent 0438 767 227 sam.hayes@toop.com.au www.vault.toop.com.au
BRIDGEWATER 4 Bed 3 Bath 4 Car Anita Hardingham Contact agent 0413 335 706 anita.hardingham@toop.com.au www.vault.toop.com.au COLLEGE PARK 4 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
FAIRVIEW PARK 4 Bed 3 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au FAIRVIEW PARK 4 Bed 2 Bath 1 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
FIRLE 3 Bed 1 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au FOREST RANGE 2 Bed 2 Bath 6 Car James Lindsay Contact agent 0434 182 351 james.lindsay@toop.com.au www.vault.toop.com.au
FULLARTON 3 Bed 1 Bath 2 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au GOLDEN GROVE 3 Bed 2 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@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 HECTORVILLE 3 Bed 2 Bath 2 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
JAMESTOWN 4 Bed 2 Bath Sam Wark Contact agent 0414 490 320 sam.wark@toop.com.au www.vault.toop.com.au MAGILL 1 Bed 1 Bath 1 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
MALVERN 4 Bed 2 Bath 2 Car Jordan Begley Contact agent 0410 289 240 jordan.begley@toop.com.au www.vault.toop.com.au NORTH ADELAIDE 4 Bed 3 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
NORWOOD 4 Bed 2 Bath 2 Car Amelia Langhans Contact agent 0422 125 242 amelia.langhans@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 PROSPECT 2 Bed 1 Bath 1 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
SALISBURY 5 Bed 1 Bath 2 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au TEA TREE GULLY 4 Bed 1 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
VERDUN Anita Hardingham Contact agent 0413 335 706 anita.hardingham@toop.com.au www.vault.toop.com.au VERDUN Anita Hardingham Contact agent 0413 335 706 anita.hardingham@toop.com.au www.vault.toop.com.au