22 September 2023
Adelaide market update with Bronte Manuel
Consecutive months of unchanged interest rates –combined with an ongoing sparsity of stock – has resulted in Adelaide property values returning to record-high levels.
The most recent data from property market analyst CoreLogic shows that Adelaide dwelling values grew by 1.1 per cent for the month, 3.4 per cent for the quarter and 2.2 per cent for the year.
Put simply, Adelaide property has never been more valuable. That broad sentiment was certainly matched with our experiences at TOOP+TOOP.
We sold an average of two properties a day for the month, with a total sales value approaching $80 million. Our average sales price of $1.342 million was among the highest in our 38-year history.
Our reach across our corporate social media platforms was also impressive, with 384,200 unique views on Facebook and more than 100,000 on Instagram.
Adelaide dwelling values grew by 1.1 per cent for the month, 3.4 per cent for the quarter and 2.2 per cent for the year.
They’re all indicators of a buoyant and eager buyer pool, with many properties attracting multiple offers and selling beyond vendor expectations.
While stock levels do still seem low on face value, the monthly volume of new properties to hit the market with TOOP+TOOP was almost identical to 12 months ago, so this may be the ‘new normal’.
By comparison, CoreLogic reported that the volume of new listings across all Adelaide agencies had dropped 5 per cent compared with the same time last year, with total listings down almost 20 per cent.
In fact, the latest data shows there are just over 4000 homes for sale in greater metropolitan Adelaide, while at the national level, there were 135,951 listings observed through the four weeks to the end of the month. That’s a drop of almost 25 per cent on the five-year average for that period, mainly due to a strong absorption from sales.
It’s interesting to note that both Sydney and Melbourne, which had experienced dramatic drops in listing levels, have bounced back noticeably in recent months. According to CoreLogic, new listings in Melbourne are up by 17.4 per cent year-on-year, while Sydney has enjoyed a jump of 15.7 per cent.
While we’d expect listing levels in Adelaide to increase to at least some degree through the rest of spring, it’s unlikely to reach a point where supply will outweigh buyer demand.
As a consequence, dwelling values here should either remain steady or experience mild increases, at least in the medium term.
For more of these stories visit toop.com.au/blog
The volume of new listings across all Adelaide agencies had dropped 5 per cent compared with the same time last year.
0439 828 882
0423 207 478
Crawford 0448 888 816
Theo 0422 959 650
ADELAIDE 3 Bed 2 Bath 4 Car 73A South Terrace Contact agent Bronte
Jessica
www.73asouth.toop.com.au Sat 23 September 10:30am - 11am Open: ADELAIDE 1 Bed 1 Bath 311
10 Balfours
Contact agent Thomas
Jake
www.311-10balfours.toop.com.au Sat 23 September 4:15pm - 4:45pm Open:
Manuel
Crane
/
Way
BEAUMONT 3 Bed 1 Bath 1 Car 30A Thirkell Avenue $950,000 - $1,045,000 Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.30athirkell.toop.com.au Sat 23 September 12:15pm - 12:45pm Open: BIRKENHEAD 3 Bed 1 Bath 3 Car 84 Mead Street Contact agent Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.84mead.toop.com.au Sun 8 October 1pm on site Auction: Sat 23 September 2:30pm - 3pm Open:
Zanes 0438 886 113
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.87west.toop.com.au
BROADVIEW 4 Bed 2 Bath 1 Car 18
$1,095,000 Julie
www.18staffa.toop.com.au Sat 9 September 3:30pm on site Auction: Sun 24 September 11am - 11:30am Open: BROMPTON 4 Bed 2 Bath 7 Car
Contact agent
Sun 24 September 12:30pm - 1pm Open:
Staffa Street
julie.zanes@toop.com.au
87 West Street
661 - 663 Greenhill Road
Bronte Manuel 0439 828 882
Thomas Crawford 0448 888 816 www.661-663greenhill.toop.com.au
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.20hefford.toop.com.au
7 Bed 4 Bath 4 Car
Contact agent
BURNSIDE
Sat 23 September 11:15am - 11:45am Open:
2 Bed 1 Bath 1
Contact agent
CROYDON PARK
Car 20 Hefford Avenue
Sat 23 September
- 3:30pm Open:
3pm
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.5cowie.toop.com.au
DUDLEY PARK 8 Bed 2 Bath 8 Car 11
Terrace Contact agent
Oldsmobile
www.11oldsmobile.toop.com.au Sun 15 October 12pm on site Auction: Sat 23 September 1:45pm - 2:15pm Open:
3 Bed
Bath 2 Car
Contact agent
ETHELTON
2
5 Cowie Street
Sat 23 September
-
Open:
1:15pm
1:45pm
FULHAM GARDENS
513 Tapleys Hill Road
Grant Wills 0419 865 829
Vincent Doran 0466 229 880
www.513tapleyshill.toop.com.au
Open:
3 Bed 1 Bath 4 Car
Contact agent
Sat 23 September 11am - 11:30am
GLENGOWRIE
61 Beadnall Terrace
Gena Nash 0408 828 415
Lew Toop 0419 888 893 www.61beadnall.toop.com.au
Open:
3 Bed 1 Bath 3 Car
Contact agent
Sat 23 September 11am - 11:30am
Auction:
Sat 7 October 1:30pm on site
GOLDEN GROVE 4 Bed 2 Bath 2 Car 41 Clinker Circuit Contact agent Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.41clinker.toop.com.au Sat 23 September 11am - 11:45am Open: GOOLWA SOUTH 5 Bed 2 Bath 1 Car 10 Cant Road Contact agent Anita Hardingham 0413 335 706 anita.hardingham@toop.com.au www.10cant.toop.com.au Sat 23 September 2:30pm - 3pm Open:
HIGHGATE 4 Bed 2 Bath 2 Car 29 Highgate Street $2,195,000 Julie Zanes 0438 886 113 julie.zanes@toop.com.au www.29highgate.toop.com.au Sat 7 October 10:30am on site Auction: Sat 23 September 11:30am - 12pm Open: KILBURN 4 Bed 2 Bath 1 Car 55 Gladstone Avenue $1,490,000 - $1,550,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.55gladstone.toop.com.au Sat 23 September 10am - 10:30am Open:
LEABROOK 2 Bed 1 Bath 1 Car 6 / 6 Rochester Street $375,000 - $410,000 Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.6-6rochester.toop.com.au Sat 23 September 1:15pm - 1:45pm Open: NEW PORT 1 Bed 1 Bath 1 Car 303 / 6-8 Wirra Drive $345,000 - $369,000 Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.303thebreeze.toop.com.au Sat 23 September 10:30am - 11am Open:
NORTHFIELD
12A Hoods Road
Ryan Yuan 0422 429 939
$680,000
Lalita Yuan 0433 402 255 www.12ahoods.toop.com.au Sat 7 October
PARKSIDE
32 Oxenbould Street
Peter McMillan 0417 733 900
Glenn McMillan 0476 394 663 www.32oxenbould.toop.com.au
Open:
Open:
Sat 23 September 11am - 11:30am
3 Bed 2 Bath 1 Car
1pm on
site
11:45am
Auction: Sat 23 September 11am -
5
2
Bed 1 Bath
Car
Contact agent
PARKSIDE
30 Oxenbould Street $990,000
Peter McMillan 0417 733 900
Glenn McMillan 0476 394 663 www.30oxenbould.toop.com.au
REYNELLA
6 Angela Street
Vincent Doran 0466 229 880
Jake Theo 0422 959 650 www.6angela.toop.com.au Sat
3 Bed 1 Bath 2 Car
Sat 7 October 11am on site Auction: Sat 23 September 10:30am - 11:15am Open:
3 Bed 2 Bath 7 Car
Contact agent
23
September 11:30am - 12pm Open:
ROSTREVOR 5 Bed 4 Bath 4 Car 2 Weemala Crescent Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.2weemala.toop.com.au Sat 23 September 1:45pm - 2:30pm Open: ST CLAIR 2 Bed 1 Bath 1 Car 404 / 301 St Clair Avenue $399,000 - $434,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.404-301stclair.toop.com.au Sat 23 September 3:45pm - 4:15pm Open:
ST PETERS
6A Player Avenue
Ryan Yuan 0422 429 939
Lalita Yuan 0433 402 255 www.6aplayer.toop.com.au
Open:
4 Bed 2 Bath 2 Car
Contact agent
Auction: Sat 23 September 12:30pm - 1pm
Sat 7 October 3pm on site
STIRLING
4 Bed 2 Bath 2 Car 71 Sturt Valley Road $1,800,000 - $1,980,000
Jordan Begley 0410 289 240
jordan.begley@toop.com.au www.71sturtvalley.toop.com.au
Open:
Sat 23 September 11am - 11:30am
TERINGIE 4 Bed 3 Bath 2 Car 1 Knoll Crescent $900,000 Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.1knoll.toop.com.au Sun 24 September 10am on site Auction: Sat 23 September 10am - 10:30am Open: TOORAK GARDENS 4 Bed 2 Bath 2 Car 25 Ormond Grove Contact agent Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.25ormond.toop.com.au Sat 23 September 12:45pm - 1:30pm Open:
VICTOR HARBOR 4 Bed 2 Bath 2 Car 51 Crozier Road $1,450,000 Becky Neale 0417 832 549 Becky.Neale@toop.com.au www.51crozier.toop.com.au Sun 24 September 12:30pm - 1pm Open: WALKERVILLE 5 Bed 3 Bath 2 Car 165 Stephen Terrace Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.165stephen.toop.com.au Sun 24 September 11:30am - 12pm Open:
WALKERVILLE 5 Bed 2 Bath 2 Car 23 Burlington Street $2,970,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au Sat 30 September 12:30pm on site Auction: Sat 23 September 11am - 11:30am Open: WEST CROYDON 3 Bed 2 Bath 3 Car 24 Alfred Road Contact agent Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.24alfred.toop.com.au Sat 23 September 3pm - 3:30pm Open:
WEST CROYDON
6A Reynell Street
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880
www.6areynell.toop.com.au
Contact agent
Open:
Auction: Sat 23 September 3:45pm - 4:15pm
Sun 15 October 10am on site
BLAIR ATHOL 1 Bed 1 Bath 1 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au BROMPTON 3 Bed 2 Bath 1 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@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 CRAFERS WEST 5 Bed 2 Bath 7 Car Anita Hardingham Contact agent 0413 335 706 anita.hardingham@toop.com.au www.vault.toop.com.au
ERINDALE 4 Bed 3 Bath 3 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au ERINDALE 4 Bed 2 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
GILBERTON 4 Bed 3 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au GLEN OSMOND 4 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au GLENUNGA
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
GLENELG EAST 2 Bed 1 Bath 4 Car
Contact agent
3 Bed 2 Bath 1 Car
Contact agent
Jake Theo
Grant Wills
HAWTHORN 5 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au MARDEN 2 Bed 1 Bath 1 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
MODBURY HEIGHTS 3 Bed 2 Bath 4 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au NEW PORT 2 Bed 2 Bath 2 Car Amelia Langhans Contact agent 0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au
PARADISE 4 Bed 2 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au PARALOWIE 5 Bed 3 Bath 4 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
ROSTREVOR 5 Bed 2 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au ROYSTON PARK 3 Bed 2 Bath 1 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
SEACOMBE GARDENS 4 Bed 2 Bath 1 Car Gena Nash Contact agent 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au SEFTON PARK 2 Bed 1 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
TERINGIE 5 Bed 3 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au WALKERVILLE 5 Bed 5 Bath 4 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
WALLAROO 5 Bed 3 Bath 3 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au WEST HINDMARSH 3 Bed 1 Bath 2 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au