23 February 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
For more of these stories visit
ADELAIDE 3 Bed 2 Bath 2 Car 614 / 15 Vaughan Place Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.614-15vaughan.toop.com.au Sat 24 February 10am - 10:30am Open: BOWDEN 3 Bed 3 Bath 2 Car 39 Sixth Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.39sixth.toop.com.au Sat 24 February 2:15pm - 2:45pm Open:
BULL CREEK 4 Bed 2 Bath 2 Car 807 Bull Creek Road Contact agent Thomas Crawford 0448 888 816 Bronte Manuel 0439 828 882 www.807bullcreek.toop.com.au Sat 24 February 3pm - 3:30pm Open: 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 24 February 1:45pm - 2:15pm Open:
Thomas
Vincent
CROYDON 5 Bed 2 Bath 4 Car
Thomas Street Contact agent
Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1thomas.toop.com.au Sat 24 February 12:15pm - 12:45pm Open: CROYDON 4 Bed 2 Bath 3 Car
Scotia Street Contact agent
1
Thomas
7
Crawford 0448 888 816
Doran 0466 229 880 www.7scotia.toop.com.au Sat 24 February 1:15pm - 1:45pm Open:
48
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880
CROYDON
19 Overland Road
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880
PARK
CROYDON
2 Bed 1 Bath 1 Car
Contact
Crossley Avenue
agent
www.48crossley.toop.com.au Sun 10 March 12pm on site Auction: Sat 24 February 9:45am - 10:15am Open:
PARK
Bath
Car
3 Bed 1
2
Contact
agent
www.19overland.toop.com.au Thu 7 March 6pm on site Auction: Sat 24 February 10:45am - 11:15am Open:
FLINDERS PARK 5 Bed 2 Bath 2 Car 50 Belgrave Avenue Contact agent Vincent Doran 0466 229 880 Bronte Manuel 0439 828 882 www.50belgrave.toop.com.au Sat 24 February 1pm - 1:30pm Open: GILBERTON 4 Bed 2 Bath 2 Car
Walkerville Terrace $2,625,000
Cameron 0412 915 108 sally.cameron@toop.com.au www.43walkerville.toop.com.au Sat 24 February 12pm - 12:30pm Open:
43
Sally
9
Grant
5
GLENSIDE 5 Bed 2 Bath 2 Car
Broughton Street Contact agent
Wills 0419
grant.wills@toop.com.au www.9broughton.toop.com.au Sat 9 March 12:30pm on site Auction: Sat 24 February 11:15am - 12pm Open:
2 Bed 1 Bath 1 Car
865 829
GLENSIDE
Cranwell Street Contact agent
grant.wills@toop.com.au
Sat 9 March 10:30am on site Auction: Sat 24 February 12:15pm - 1pm Open:
Grant Wills 0419 865 829
www.5cranwell.toop.com.au
HAPPY VALLEY 3 Bed 2 Bath 2 Car 3 Radford Street $700,000 - $750,000 Jacqui Wehrmann 0412 449 004 jacqui.wehrmann@toop.com.au www.3radford.toop.com.au Sun 25 February 11am - 11:30am Open: 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 24 February 10:30am - 11:15am Open:
Ryan
LIGHTSVIEW 4 Bed 2 Bath 2 Car
Broadstock Street Contact agent
Crawford 0448 888 816 Jake Theo 0422 959 650 www.14broadstock.toop.com.au Sat 24 February 10am - 10:30am Open: LINDEN PARK 4 Bed 2 Bath 2 Car
Beatty Street Contact agent
14
Thomas
41A
Yuan 0422 429 939
Yuan 0433 402 255 www.41abeatty.toop.com.au Sat 24 February 10:30am - 11am Open:
Lalita
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 Sat 24 February 1pm - 1:30pm 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 24 February 1pm - 1:30pm Open:
MARRYATVILLE 3 Bed 2 Bath 2 Car 28A Dudley Road Contact agent
Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.28adudley.toop.com.au Sat 24 February 12pm on site Auction: Sat 24 February 11:30am - 12pm Open: MITCHAM 4 Bed 2 Bath 2 Car 9 Waverley Street $1,550,000
McMillan 0476 394 663 Peter McMillan 0417 733 900 www.9waverley.toop.com.au Sat 24 February 1pm on site Auction: Fri 23 February 2pm - 2:30pm Open:
Ryan
Glenn
MITCHAM 3 Bed 1 Bath 3 Car
Waverley Street Contact agent Grant Wills 0419 865 829 grant.wills@toop.com.au www.26waverley.toop.com.au Sat 24 February 3:30pm on site Auction: Sat 24 February 3pm - 3:30pm Open: MOUNT BARKER 3 Bed 1 Bath 4 Car
Alexandrina Road Contact agent James Lindsay 0434 182 351 james.lindsay@toop.com.au www.62alexandrina.toop.com.au Sat 24 February 11am - 11:30am Open:
26
62
Sally
6
Jordan
NORTH ADELAIDE 3 Bed 1 Bath
Gover Street Contact agent
181
Cameron 0412 915 108 Sally.Cameron@toop.com.au www.181gover.toop.com.au Sat 24 February 10:30am on site Auction: Sat 24 February 10am - 10:30am Open: NORWOOD 4 Bed 3 Bath 2 Car
Willis Street Contact agent
Begley 0410 289 240
www.6willis.toop.com.au Sat 24 February 12pm - 12:30pm Open:
jordan.begley@toop.com.au
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 24 February 2:30pm - 3pm Open: PARADISE 4 Bed 3 Bath 2 Car 14B Parkwood Avenue Contact agent
Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14bparkwood.toop.com.au Sat 24 February 11:30am - 12pm Open:
Alexander
PLYMPTON 2 Bed 1 Bath 1 Car 8 / 197 Anzac Highway Contact agent Gena Nash 0408 828 415 gena.nash@toop.com.au www.8-197anzac.toop.com.au Sat 24 February 1:45pm - 2:15pm Open: ROSSLYN PARK 5 Bed 3 Bath 2 Car
Lanark Street Contact agent
Cameron 0412 915 108 sally.cameron@toop.com.au www.5lanark.toop.com.au Sat 24 February 3:30pm - 4pm Open:
5
Sally
ROSSLYN PARK 6 Bed 3 Bath 2 Car 12 Gillard Drive Contact agent
Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.12gillard.toop.com.au Sat 24 February 2pm - 2:30pm Open: 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 24 February 1:30pm - 2pm Open:
Ryan
ST CLAIR 3 Bed 2 Bath 2 Car 21 Pyers Street $670,000 - $685,000 Debi Zecevich 0412 170 014 debi.zecevich@toop.com.au www.21pyers.toop.com.au Sun 25 February 12:30pm - 1pm Open: ST PETERS 4 Bed 2 Bath 2 Car 8 Fifth Avenue Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.8fifth.toop.com.au Sun 3 March 1:30pm on site Auction: Sat 24 February 1:30pm - 2pm Open:
17
Sally
25
Sally
sally.cameron@toop.com.au
ST PETERS 5 Bed 2 Bath 2 Car
Fifth Avenue Contact agent
Cameron 0412 915 108
www.17fifth.toop.com.au Sat 24 February 1:30pm - 2pm Open: ST PETERS 3 Bed 1 Bath
Sally.Cameron@toop.com.au
Sixth Avenue Contact agent
Cameron 0412 915 108
www.25sixth.toop.com.au Sat 2 March 12:30pm on site Auction: Sat 24 February 2:30pm - 3pm Open:
STIRLING 4 Bed 2 Bath 2 Car 71 Sturt Valley Road $1,600,000 - $1,750,000 Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au Sat 24 February 11am - 11:30am Open: STONYFELL 4 Bed 2 Bath 2 Car 50 Allendale Grove Contact agent
Cameron 0412 915 108 sally.cameron@toop.com.au www.50allendale.toop.com.au Sat 24 February 4:30pm - 5pm Open:
Sally
TERINGIE 5 Bed 4 Bath 2 Car 14 Coach House Drive Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au Sat 24 February 12:30pm - 1pm 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: Sat 24 February 9:15am - 9:45am Open:
WALKERVILLE 3 Bed 2 Bath 2 Car 31B Brunswick Street Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.31bbrunswick.toop.com.au Sat 24 February 12:30pm - 1pm Open: WEST BEACH 6 Bed 3 Bath 6 Car 104 Seaview Road Contact agent
Nash 0408 828 415 Lew Toop 0419 888 893 www.104seaview.toop.com.au Sat 24 February 2:45pm - 3:15pm Open:
Gena
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 24 February 11am - 11:30am Open: WOODVILLE PARK 3 Bed 2 Bath 1 Car 1 / 97 David Terrace $500,000 Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.1-97david.toop.com.au Fri 1 March 1pm on site Auction: Sat 24 February 12:15pm - 12:45pm Open:
WOODVILLE SOUTH 4 Bed 2 Bath 3 Car 9 Wharfe Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.9wharfe.toop.com.au Sat 24 February 12pm on site Auction: Sat 24 February 11:30am - 12pm 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
Thomas
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
BEAUMONT 3 Bed 2 Bath 2 Car
Cameron Contact agent
915 108
BOWDEN 2 Bed 1 Bath 1 Car
Crawford Contact agent
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
Thomas
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
BROMPTON 3 Bed 2 Bath 2 Car
Contact agent
CROYDON PARK 3 Bed 1 Bath 2 Car
Contact agent
Crawford
Sally
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Grant
0419 865 829
grant.wills@toop.com.au
www.vault.toop.com.au
DULWICH 5 Bed 2 Bath 2 Car
Cameron Contact agent
FREWVILLE 3 Bed 2 Bath 2 Car
Wills Contact agent
GLENELG NORTH 4 Bed 3 Bath 4 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au HIGHBURY 3 Bed 3 Bath 4 Car Sharee Redic Contact agent
722 660
www.vault.toop.com.au
0407
sharee.redic@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
0422
ryan.yuan@toop.com.au
MYRTLE BANK 5 Bed 2 Bath 4 Car Lew Toop Contact agent
888 893
NORWOOD 4 Bed 2 Bath 1 Car Ryan Yuan Contact agent
0419
lew.toop@toop.com.au www.vault.toop.com.au
429 939
www.vault.toop.com.au
Sally
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Jacqui
0412 449 004
jacqui.wehrmann@toop.com.au
www.vault.toop.com.au
ROSTREVOR 3 Bed 2 Bath 2 Car
Cameron Contact agent
SEAFORD 3 Bed 2 Bath 2 Car
Wehrmann Contact agent
ST GEORGES 4 Bed 2 Bath 2 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au TERINGIE 4 Bed 1 Bath 6 Car Alexander Parzis Contact agent
588 633
www.vault.toop.com.au
0410
alexander.parzis@toop.com.au
Sam
0438
sam.hayes@toop.com.au
www.vault.toop.com.au
James
0434
james.lindsay@toop.com.au
www.vault.toop.com.au
TUNGKILLO 4 Bed 2 Bath 6 Car
Hayes Contact agent
767
227
VERDUN 4 Bed 2 Bath 2 Car
Lindsay Contact agent
182 351
Sally
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Thomas
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
WALKERVILLE 6 Bed 2 Bath 2 Car
Cameron Contact agent
WEST CROYDON 3 Bed 1 Bath 2 Car
Contact agent
Crawford
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 3 Bed 2 Bath 2 Car
WEST
Contact agent