24 May 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 1 Bed 1 Bath 406 / 252 Flinders Street $349,000 - $379,000 Thomas Crawford
Vincent Doran
www.406-252flinders.toop.com.au Sat 25 May 9am - 9:30am Open: ALBERTON 2 Bed 1 Bath 1 Car 10 / 56 Queen Street Contact agent
Vincent
www.10-56queen.toop.com.au Sat 1 June 12pm on site Auction: Sat 25 May 3:15pm - 3:45pm Open:
0448 888 816
0466 229 880
Thomas Crawford 0448 888 816
Doran 0466 229 880
ALLENBY GARDENS 3 Bed 1 Bath 2 Car 2
Avenue Contact agent
Sat 8 June 12pm on site Auction: Sat 25 May 1:30pm - 2pm Open: BELAIR 4 Bed 2 Bath 189 Gloucester Avenue Contact agent Rowena Coleiro 0423 187 007 James Lindsay 0434 182 351 www.189gloucester.toop.com.au Sat 25 May 12:30pm - 1:15pm Open:
/ 17 East
Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.2-17east.toop.com.au
BEULAH PARK 5 Bed 2 Bath 6 Car 302 Magill Road Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.302magill.toop.com.au Sat 25 May 1:30pm - 2pm Open: BLACKWOOD 3 Bed 1 Bath 2 Car 68 Brighton Parade Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.68brighton.toop.com.au Sat 25 May 12:30pm - 1pm Open:
Trigg Street
Sharee Redic 0407 722 660
Yeates 0407 871 851 www.26atrigg.toop.com.au
BLAIR ATHOL 5 Bed 2 Bath 2 Car
Contact agent
Sat 25 May 11am - 11:30am Open: BROOKLYN PARK 5 Bed 4 Bath 4 Car 15 Tolley Crescent Contact agent
Jake Theo
650 www.15tolley.toop.com.au Sat 1 June 10am on site Auction: Sat 25 May 11:30am - 12pm Open:
26A
Cassandra
Thomas Crawford 0448 888 816
0422 959
1 Sixth Avenue
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650 www.1sixth.toop.com.au
20 William Street
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880
www.20william.toop.com.au
CHELTENHAM 4 Bed 2 Bath 2 Car
Contact agent
Sun 2 June 12pm on site Auction: Sat 25 May 11:15am - 11:45am Open: CROYDON 4 Bed 2 Bath 4 Car
Contact agent
Sat 25 May 12:15pm
Open:
- 12:45pm
Vauxhall Street
Thomas Crawford 0448 888 816
Theo 0422 959 650 www.12vauxhall.toop.com.au
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880
CROYDON PARK 4 Bed 3 Bath 4 Car 12
Contact agent
Sat 25 May 1:15pm - 1:45pm Open: FERRYDEN PARK 3 Bed 2 Bath 2 Car
$695,000
www.8bradley.toop.com.au Sat 8 June 10am on site Auction: Sat 25 May 2:15pm - 2:45pm Open:
Jake
8 Bradley Court
FLINDERS PARK 4 Bed 2 Bath 2 Car 48 Holbrooks Road Contact agent Vincent Doran 0466 229 880 Jake Theo 0422 959 650 www.48holbrooks.toop.com.au Sun 2 June 2pm on site Auction: Sat 25 May 12:30pm - 1pm Open: GILBERTON 4 Bed 2 Bath 2 Car 142 Stephen Terrace Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.142stephen.toop.com.au Sat 25 May 10:30am - 11am Open:
Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.1gully.toop.com.au
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.2pembroke.toop.com.au
HYDE PARK 2 Bed 1 Bath 1 Car
Contact agent
1 Gully Street
Sun 26 May 10:30am on site Auction: Sun 26 May 10am - 10:30am Open: KENSINGTON PARK 5 Bed 3 Bath 2 Car
Contact agent
Sat 25 May 4:30pm
5pm Open:
2 Pembroke Street
-
May Terrace
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.31may.toop.com.au
KENSINGTON PARK 4 Bed 3 Bath 2 Car 31
Contact agent
Sat 25 May 3:30pm - 4pm Open: MANSFIELD PARK 4 Bed 1 Bath 3 Car 1A Harcourt Street Contact agent Jake Theo 0422
650 Vincent Doran
229 880 www.1aharcourt.toop.com.au Sat 1 June 2pm on site Auction: Sat 25 May 1:15pm - 1:45pm Open:
959
0466
MARRYATVILLE 4 Bed 3 Bath 4 Car 4 Clapton Road Contact agent Alexander
Hayley Parzis
www.4clapton.toop.com.au Sat 25 May 12:30pm - 1pm Open: MODBURY 4 Bed 1 Bath 2 Car 17 Eileen Street Contact agent Jake Theo 0422 959 650 Vincent Doran 0466 229 880 www.17eileen.toop.com.au Sat 8 June 2pm on site Auction: Sat 25 May 10am - 10:30am Open:
Parzis 0410 588 633
0411 318 382
NORTH ADELAIDE 4 Bed 2 Bath 2 Car 38 Finniss Street Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.38finniss.toop.com.au Sat 25 May 3:30pm - 4pm Open: NORWOOD 3 Bed 2 Bath 2 Car 4 / 165 Beulah Road Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.4-165beulah.toop.com.au Sat 25 May 10:30am - 11am Open:
PARADISE 3 Bed 1 Bath 4 Car 29 Hardy Court Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.29hardy.toop.com.au Sat 8 June 12pm on site Auction: Sat 25 May 1:30pm - 2pm Open: PAYNEHAM SOUTH 3 Bed 2 Bath 2 Car 2 / 82a Arthur Street Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.2-82aarthur.toop.com.au Sat 25 May 9:30am - 10am Open:
PLYMPTON 3 Bed 1 Bath 2 Car 26 James Street $700,000 Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.26james.toop.com.au Sat 25 May 10am on site Auction: Sat 25 May 9:30am - 10am Open: PROSPECT 4 Bed 1 Bath 6 Car 150 Churchill Road Contact agent Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.150churchill.toop.com.au Sat 25 May 2:15pm - 2:45pm Open:
ROSTREVOR 3 Bed 2 Bath 2 Car 5 / 12 Nalara Avenue Contact agent Ben Scadden 0401 573 580 ben.scadden@toop.com.au www.5-12nalara.toop.com.au Sat 25 May 1:30pm - 2pm Open: SALISBURY 4 Bed 2 Bath 4 Car 16 Goodall Crescent Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.16goodall.toop.com.au Sat 25 May 10:30am on site Auction: Sat 25 May 10am - 10:30am Open:
SCOTT CREEK 6 Bed 3 Bath 10 Car 115 Ilunga Drive Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.115ilunga.toop.com.au Sat 25 May 3:30pm - 3:45pm 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 25 May 1:30pm - 2pm Open:
ST PETERS 3 Bed 1 Bath 2 Car 71 Sixth Avenue Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.71sixth.toop.com.au Sat 25 May 12pm on site Auction: Sat 25 May 11:30am - 12pm Open: TOORAK GARDENS 2 Bed 1 Bath 1 Car 9 / 1 Raymond Walk Contact agent Vincent Doran 0466 229 880 Jake Theo 0422 959 650 www.9-1raymond.toop.com.au Sun 26 May 12pm on site Auction: Sat 25 May 2:45pm - 3:15pm Open:
Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.30cudmore.toop.com.au
TOORAK GARDENS 4 Bed 2 Bath 4 Car 30
Avenue Contact agent
Sat 25 May 1pm - 1:45pm Open: UNLEY PARK 3 Bed 2 Bath 2 Car 34 Whistler Avenue Contact agent Sally Cameron 0412
108
www.34whistler.toop.com.au Sat 1 June 1:30pm on site Auction: Sat 25 May 2:15pm - 2:45pm Open:
Cudmore
915
sally.cameron@toop.com.au
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.7dyson.toop.com.au
WALKERVILLE 4 Bed 2 Bath 2 Car 7
Contact agent
Sat 1 June 10:30am on site Auction: Sat 25 May 12pm - 12:30pm Open: WALKERVILLE 4 Bed 3 Bath 2 Car
Contact agent
Sat 25 May 1pm - 1:30pm Open:
Dyson Road
8A Gawler Terrace
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.8agawler.toop.com.au
1B Warwick Street
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.1bwarwick.toop.com.au
Gena Nash 0408 828 415 gena.nash@toop.com.au www.29richmond.toop.com.au
WALKERVILLE 4 Bed 2 Bath 2 Car
Contact agent
Sat 25 May 2pm on site Auction: Sat 25 May 1:30pm - 2pm Open: WESTBOURNE PARK 5 Bed 2 Bath 3 Car
Contact agent
Sun 26 May 12:30pm - 1pm Open:
29 Richmond Road
ALDINGA BEACH 3 Bed 1 Bath 2 Car Jacqui Wehrmann Contact agent 0412 449 004 jacqui.wehrmann@toop.com.au www.vault.toop.com.au ASHTON 5 Bed 3 Bath 2 Car James Lindsay Contact agent 0434 182 351 james.lindsay@toop.com.au www.vault.toop.com.au
BROMPTON 3 Bed 1 Bath 2 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au CROYDON PARK 3 Bed 1 Bath 4 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
DUDLEY PARK 2 Bed 1 Bath 1 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au GILBERTON 5 Bed 4 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
GLENSIDE 3 Bed 2 Bath 1 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au GULFVIEW HEIGHTS 4 Bed 2 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
LARGS BAY 4 Bed 1 Bath 3 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au MARDEN 3 Bed 2 Bath 4 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
MEDINDIE 5 Bed 3 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au MOUNT BARKER 3 Bed 2 Bath 2 Car James Lindsay Contact agent 0434 182 351 james.lindsay@toop.com.au www.vault.toop.com.au
NEW PORT 1 Bed 1 Bath 1 Car Amelia Langhans Contact agent 0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au OAKDEN 3 Bed 2 Bath 2 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
OVINGHAM 2 Bed 1 Bath 1 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au ROSTREVOR 5 Bed 3 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
SALISBURY HEIGHTS 3 Bed 1 Bath 1 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au ST MORRIS 4 Bed 3 Bath 6 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
TENNYSON 6 Bed 4 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au TRANMERE 4 Bed 3 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
UNLEY 2 Bed 2 Bath 2 Car Ben Scadden Contact agent 0401 573 580 ben.scadden@toop.com.au www.vault.toop.com.au WATERFALL GULLY 3 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
WATTLE PARK 5 Bed 3 Bath 2 Car Ryan Yuan Contact agent 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au WOODFORDE 2 Bed 1 Bath 1 Car Cassandra Yeates Contact agent 0407 871 851 cassandra.yeates@toop.com.au www.vault.toop.com.au