29 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
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 Mon 2 October 4pm - 4:30pm Open: ADELAIDE 1 Bed 1 Bath 311
10 Balfours
Contact agent Thomas
Jake
www.311-10balfours.toop.com.au Sun 1 October 3:30pm - 4pm Open:
Manuel
Crane 0423 207 478
/
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 30 September 10:30am - 11am 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: Sun 1 October 10am - 10:30am Open:
18 Staffa Street
Julie Zanes 0438 886 113 julie.zanes@toop.com.au www.18staffa.toop.com.au
25 Mann Drive
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.25mann.toop.com.au
4 Bed 2 Bath 1 Car
BROADVIEW
Contact agent
Sat 9 September 3:30pm on site Auction: Sat 30 September 11:30am - 12pm Open:
2 Bed 2 Bath 1 Car
BROMPTON
Contact agent
Sat 30 September 12pm -
Open:
12:30pm
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.87west.toop.com.au
23 / 62 Hawker Street
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.23-62hawker.toop.com.au
BROMPTON 4 Bed 2 Bath 7 Car
Contact agent
Sat 30 September 11am - 11:30am Open:
3 Bed
Bath 2 Car
Contact agent
87 West Street
BROMPTON
2
Sat 30 September 10am
Open:
- 10:30am
BURNSIDE
661 - 663 Greenhill Road
Bronte Manuel 0439 828 882
Thomas Crawford 0448 888 816 www.661-663greenhill.toop.com.au
CROYDON PARK
20 Hefford Avenue
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.20hefford.toop.com.au
7 Bed 4 Bath 4 Car
Contact agent
Mon 2 October 1pm - 1:30pm Open:
2 Bed 1 Bath 1 Car
Contact agent
Sat 30 September 10am - 10:30am Open:
Sharee Redic 0407 722 660
Cassandra Yeates 0407 871 851
Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.11oldsmobile.toop.com.au
CUDLEE CREEK 5 Bed 3 Bath 4 Car 79
Contact agent
Redden Drive
Sat 30 September 10:30am - 11am Open: DUDLEY PARK 8 Bed 2 Bath 8 Car 11
Terrace Contact agent
Sun 15 October 12pm on site Auction: Sat 30 September 12pm - 12:30pm Open:
www.79redden.toop.com.au
Oldsmobile
5 Cowie Street
Vincent Doran 0466 229 880
Thomas Crawford 0448 888 816
www.5cowie.toop.com.au
GLENGOWRIE
61 Beadnall Terrace
Gena Nash 0408 828 415
Lew Toop 0419 888 893 www.61beadnall.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
ETHELTON
Sun 1 October 11am - 11:30am Open:
3 Bed 1 Bath 3 Car
Contact agent
Sat 7 October
on site
Sat
September
11:45am Open:
1:30pm
Auction:
30
11:15am -
GLENUNGA
1A Cedar Avenue
Grant Wills 0419 865 829 grant.wills@toop.com.au www.1acedar.toop.com.au Sat 14 October 1pm
GOLDEN GROVE 4 Bed 2 Bath 2 Car
41 Clinker Circuit Contact
Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.41clinker.toop.com.au Sat 30 September 12pm - 12:30pm Open:
1 Car
3 Bed 2 Bath
Contact agent
on site Auction: Sat 30 September 11am - 11:45am Open:
agent
GOOLWA SOUTH 5 Bed 2 Bath 1 Car 10 Cant Road $750,000 - $825,000 Anita Hardingham 0413 335 706 Anita.Hardingham@toop.com.au www.10cant.toop.com.au Sun 1 October 11am - 11:30am Open: HAWTHORN 3 Bed 2 Bath 2 Car 24A William Street Contact agent Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.24awilliam.toop.com.au Sat 14 October 11:30am on site Auction: Sun 1 October 10:30am - 11:15am 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 30 September 10:30am - 11am 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 30 September 11am - 11:30am Open:
LIGHTSVIEW 2 Bed 1 Bath 1 Car 25 Nottage Road Contact agent Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.25nottage.toop.com.au Sat 30 September 1:15pm - 1:45pm Open: MILE END 1 Bed 1 Bath 55A Rose Street Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.55arose.toop.com.au Sat 30 September 10am - 10:30am Open:
MODBURY HEIGHTS 3 Bed 2 Bath 2 Car 4 Abeona Close Contact agent Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.4abeona.toop.com.au Sun 22 October 10:30am on site Auction: Thu 5 October 5:30pm - 6pm 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 30 September 10am - 10:30am Open:
Wills 0419 865 829 grant.wills@toop.com.au www.197achilders.toop.com.au
Hoods Road
Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.12ahoods.toop.com.au
NORTH ADELAIDE
Contact agent
Sat 30 September 10am - 10:15am Open: NORTHFIELD 3 Bed 2 Bath 1 Car
$680,000
Sat 7 October 1pm on site Auction: Sat 30 September 10am - 10:30am Open:
197a Childers Street
Grant
12A
22 Gray Street
Bronte Manuel 0439 828 882
Jessica Crane 0423 207 478
www.22gray.toop.com.au
PARKSIDE
32 Oxenbould Street
Peter McMillan 0417 733 900
Glenn McMillan 0476 394 663
www.32oxenbould.toop.com.au
2 Bed 1 Bath
NORWOOD
Contact agent
Mon 2 October 2:30pm - 3pm Open:
5 Bed 1 Bath 2 Car
Contact agent
Sun 1 October 12:30pm
1pm Open:
-
30 Oxenbould Street $990,000
Peter McMillan 0417 733 900
Glenn McMillan 0476 394 663 www.30oxenbould.toop.com.au
Angela Street
Vincent Doran 0466 229 880
Jake Theo 0422 959 650 www.6angela.toop.com.au
3 Bed 1 Bath 2 Car
PARKSIDE
Sat 7 October 11am on site Auction: Sun 1 October 12pm - 12:45pm Open:
3 Bed
Bath
REYNELLA
2
7 Car 6
Contact agent
Sun 1 October
2:15pm Open:
1:45pm -
ROSTREVOR 5 Bed 2 Bath 2 Car 19 Treefern Avenue Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.19treefern.toop.com.au Sat 30 September 10:30am - 11am Open: ROYSTON PARK 3 Bed 2 Bath 1 Car 11 Gilding Avenue $1,090,000 Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.11gilding.toop.com.au Sat 14 October 11:30am on site Auction: Sat 30 September 10:30am - 11:15am 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 30 September 2pm - 2:30pm Open: ST PETERS 4 Bed 2 Bath 2 Car 6A Player Avenue Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.6aplayer.toop.com.au Sat 7 October 3pm on site Auction: Sat 30 September 11am - 11:30am 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 1 October 11am - 11:30am 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 Mon 2 October 3:30pm - 4pm 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 Sun 1 October 12:15pm - 12:45pm Open:
ADELAIDE 3 Bed 2 Bath 2 Car Lew Toop Contact agent
lew.toop@toop.com.au www.vault.toop.com.au ADELAIDE 2 Bed 2 Bath 2 Car Lew Toop Contact agent
0419 888 893
0419 888 893 lew.toop@toop.com.au www.vault.toop.com.au
ALLENBY GARDENS 3 Bed 2 Bath 2 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au BLACKWOOD 3 Bed 2 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@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
GLENELG EAST 2 Bed 1 Bath 4 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au HAWTHORN 5 Bed 2 Bath 2 Car Sally Cameron Contact agent
sally.cameron@toop.com.au
0412 915 108
www.vault.toop.com.au
HECTORVILLE 2 Bed 1 Bath 2 Car James Lindsay Contact agent 0434 182 351 james.lindsay@toop.com.au www.vault.toop.com.au HENLEY BEACH 4 Bed 2 Bath 2 Car Lew Toop Contact agent 0419 888 893 lew.toop@toop.com.au www.vault.toop.com.au
KLEMZIG 2 Bed 1 Bath 1 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@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 1 Bed 1 Bath 1 Car Amelia Langhans Contact agent 0422 125 242 amelia.langhans@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 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
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 WALLAROO 5 Bed 3 Bath 3 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au