31 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 0448 888 816 Vincent Doran 0466 229 880 www.406-252flinders.toop.com.au Sat 1 June 9am - 9:15am Open: ASHFORD 3 Bed 1 Bath 2 Car 4 / 36 Marleston Avenue $598,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.4-36marleston.toop.com.au Sat 15 June 12pm on site Auction: Sat 1 June 1pm - 1:30pm 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 Sun 2 June 10am - 10:30am 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 1 June 1:45pm - 2:15pm Open:
26A Trigg Street
Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.26atrigg.toop.com.au
BLAIR ATHOL 5 Bed 2 Bath 2 Car
Contact agent
Sat 1 June 11am - 11:30am Open: BROOKLYN PARK 5 Bed 4 Bath 4 Car 15
Contact agent
Sat 1 June 3:15pm - 3:45pm Open:
Tolley Crescent
Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.15tolley.toop.com.au
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 1 June 12:30pm - 1pm Open: CROYDON 4 Bed 2 Bath 4 Car
Contact agent
Sat 1 June 1:45pm
2:15pm Open:
-
5 Harley Road
Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.5harley.toop.com.au
8 Bradley Court
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880
CROYDON PARK 3 Bed 1 Bath 4 Car
Contact agent
Sun 16 June 12pm on site Auction: Sat 1 June 3pm - 3:30pm Open: FERRYDEN PARK 3 Bed 2 Bath 2 Car
$695,000
Sat 8 June 10am on site Auction: Sat 1 June 11:15am - 11:45am Open:
www.8bradley.toop.com.au
FLINDERS PARK 4 Bed 2 Bath 2 Car 48 Holbrooks Road Contact agent Vincent
Jake Theo
www.48holbrooks.toop.com.au Sun 2 June 2pm on site Auction: Sat 1 June 10am - 10:30am Open: GOLDEN GROVE 7 Bed 2 Bath 2 Car 1
Contact agent
www.1ranelagh.toop.com.au Sat 1 June 11:15am - 11:45am Open:
Doran 0466 229 880
0422 959 650
Ranelagh Court
Jake Theo 0422 959 650 Thomas Crawford 0448 888 816
KENSINGTON PARK 5 Bed 3 Bath 2 Car 2 Pembroke Street Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.2pembroke.toop.com.au Sat 1 June 2:30pm - 3pm Open: KENSINGTON PARK 4 Bed 3 Bath 2 Car 31 May Terrace Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.31may.toop.com.au Sat 1 June 3pm - 3:30pm Open:
Harcourt Street
Jake Theo 0422 959 650 Vincent Doran 0466 229 880 www.1aharcourt.toop.com.au
MANSFIELD PARK 4 Bed 1 Bath 3 Car 1A
Contact agent
Sat 1 June 2pm on site Auction: Sat 1 June 1:30pm - 2pm Open: MARRYATVILLE 4 Bed 3 Bath 4 Car 4
Contact agent Alexander
Hayley
www.4clapton.toop.com.au Sat 1 June 10:30am - 11am Open:
Clapton Road
Parzis 0410 588 633
Parzis 0411 318 382
MODBURY 4 Bed 1 Bath 2 Car 17 Eileen Street Contact agent Jake
Vincent
www.17eileen.toop.com.au Sat 8 June 2pm on site Auction: Sat 1 June 12:30pm - 1pm Open: NEWTON 3 Bed 2 Bath 3 Car 5 / 25
Terrace Contact agent
www.5-25heggaton.toop.com.au Sat 1 June 10am - 10:30am Open:
Theo 0422 959 650
Doran 0466 229 880
Heggaton
Thomas Crawford 0448 888 816 Jake Theo 0422 959 650
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 1 June 12:30pm - 1pm Open: PARADISE 3 Bed 1 Bath 4 Car 29 Hardy Court $750,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.29hardy.toop.com.au Sat 8 June 12pm on site Auction: Sat 1 June 11:30am - 12pm Open:
PARALOWIE 4 Bed 3 Bath 1 Car 10 Forest Avenue Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.10forest.toop.com.au Sat 1 June 12pm - 12:30pm 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 1 June 9:30am - 10am Open:
ROSTREVOR 3 Bed 2 Bath 2 Car 5 / 12 Nalara Avenue Contact agent Ben
Sat 1 June 12pm - 12:30pm 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 1 June 2:30pm - 3pm Open:
Scadden 0401 573 580 ben.scadden@toop.com.au www.5-12nalara.toop.com.au
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 1 June 2:30pm - 3pm 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 1 June 10:30am - 11am Open:
TENNYSON 5 Bed 4 Bath 4 Car 101 Military Road Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.101military.toop.com.au Sat 1 June 12:45pm - 1:30pm 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 Thu 23 May 1pm on site Auction: Sat 1 June 11am - 11:30am Open:
TOORAK GARDENS 4 Bed 2 Bath 4 Car 30
Avenue Contact agent
Sat 1 June 2pm - 2:30pm Open: TRANMERE 4 Bed 3 Bath 2 Car 13 Emerson Grove Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.13emerson.toop.com.au Sat 15 June 10am on site Auction: Sat 1 June 3:30pm - 4pm Open:
Cudmore
Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.30cudmore.toop.com.au
UNLEY 2 Bed 2 Bath 2 Car 6 / 54 Charles Street Contact agent Ben Scadden 0401 573 580 ben.scadden@toop.com.au
Sat 1 June 10:30am - 11am Open: UNLEY PARK 3 Bed 2 Bath 2 Car 34 Whistler Avenue Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.34whistler.toop.com.au Sat 1 June 1:30pm on site Auction: Sat 1 June 1pm - 1:30pm Open:
www.6-54charles.toop.com.au
Dyson Road
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.7dyson.toop.com.au
1B Warwick Street
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.1bwarwick.toop.com.au
WALKERVILLE 4 Bed 2 Bath 2 Car
Contact agent
7
Sat 1 June 10:30am on site Auction: Sat 1 June 10am - 10:30am Open: WALKERVILLE 4 Bed 2 Bath 2 Car
Contact
agent
Sat 1 June 11:30am - 12pm Open:
8A Gawler Terrace
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.8agawler.toop.com.au
WALKERVILLE 4 Bed 3 Bath 2 Car
Contact agent
Sat 1 June 11:30am - 12pm Open: WATTLE PARK 5 Bed 3 Bath 2 Car 18 Cooper Angus Grove Contact agent
Yuan
Lalita
Sat 1 June 11am - 11:45am Open:
Ryan
0422 429 939
Yuan 0433 402 255 www.18cooperangus.toop.com.au
29 Richmond Road
Gena Nash 0408 828 415 gena.nash@toop.com.au www.29richmond.toop.com.au
WESTBOURNE PARK 5 Bed 2 Bath 3 Car
Contact agent
Sat 1 June 12pm - 12:30pm Open:
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 BROMPTON 3 Bed 1 Bath 2 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
GLEN OSMOND 4 Bed 2 Bath 2 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au GLENELG SOUTH 4 Bed 2 Bath 4 Car Grant Wills Contact agent 0419 865 829 grant.wills@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 GREENWITH 4 Bed 2 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@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 HAZELWOOD PARK 4 Bed 3 Bath 3 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
KLEMZIG 4 Bed 2 Bath 1 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@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
MANNINGHAM 3 Bed 1 Bath 3 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@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
MARRYATVILLE 3 Bed 2 Bath 1 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@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 OAKDEN 3 Bed 2 Bath 2 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 3 Bed 1 Bath 2 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au TAPEROO 3 Bed 2 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
TORRENS PARK 4 Bed 2 Bath 2 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au VALE PARK 4 Bed 3 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@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 WOODFORDE 2 Bed 1 Bath 1 Car Cassandra Yeates Contact agent 0407 871 851 cassandra.yeates@toop.com.au www.vault.toop.com.au