3 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 Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.406-252flinders.toop.com.au Sat 4 May 3:30pm - 4pm Open: ALBERT PARK 4 Bed 2 Bath 2 Car 122 Selth Street Contact agent Vincent Doran 0466 229 880 Jake Theo 0422 959 650 www.122selth.toop.com.au Sun 12 May 12pm on site Auction: Sat 4 May 2:30pm - 3pm Open:
/ 47 Gibson Street
Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.101-47gibson.toop.com.au
402 / 10 Park Terrace
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.402-10park.toop.com.au
BOWDEN 1 Bed 1 Bath 1 Car 101
Contact agent
Sat 4 May 10:30am - 11am Open: BOWDEN 2 Bed 1 Bath 1 Car
Contact agent
Sat 4 May 9:45am
Open:
- 10:15am
3 / 77 East Street
Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.3-77east.toop.com.au
Tolley Crescent
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650 www.15tolley.toop.com.au
BROMPTON 3 Bed 2 Bath 1 Car
Contact agent
Sun 5 May 11:45am - 12:15pm Open: BROOKLYN PARK 5 Bed 4 Bath 4 Car
15
Contact agent
Sun 5 May
Open:
12:45pm - 1:15pm
Robert Street
Thomas Crawford 0448 888 816 Sally Cameron 0412 915 108 www.19robert.toop.com.au
3 / 2A King Street
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880
CROYDON 4 Bed 2 Bath 2 Car
Contact agent
19
Sun 5 May 11:45am - 12:15pm Open: CROYDON 2 Bed 1 Bath 1 Car
Contact agent
Sat 4 May 12pm on site Auction: Sat 4 May 11:30am - 12pm Open:
www.3-2aking.toop.com.au
Vauxhall Street
Thomas Crawford 0448 888 816
Theo 0422 959 650 www.12vauxhall.toop.com.au
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650 www.1atalbot.toop.com.au
CROYDON PARK 4 Bed 3 Bath 4 Car 12
Contact agent
Sat 4 May 2:30pm - 3pm Open: CROYDON PARK 4 Bed 3 Bath 4 Car
Contact agent
Jake
1A Talbot Road
Sat 4 May 3:45pm - 4:15pm Open:
EASTWOOD 3 Bed 1 Bath 2 Car 31 Elizabeth Street $1,300,000 Jordan Begley 0410 289 240
Sat 4 May 12:30pm on site Auction: Sat 4 May 12pm - 12:30pm Open: ELIZABETH PARK 3 Bed 1 Bath 1 Car 31 Hayles Road Contact agent Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.31hayles.toop.com.au Sat 4 May 11am - 11:30am Open:
jordan.begley@toop.com.au www.31elizabeth.toop.com.au
Jake Theo 0422 959 650
Doran 0466 229 880 www.25acaptaincook.toop.com.au
2 Leisure Court
Jake Theo 0422 959 650 Vincent Doran 0466 229 880
FLINDERS PARK 3 Bed 2 Bath 2 Car
Contact agent
Sun 19 May 2pm on site Auction: Sat 4 May 12:15pm - 12:45pm Open: FULHAM GARDENS 4 Bed 2 Bath 2 Car
Contact agent
25A Captain Cook Avenue
Vincent
Sat 4 May
Open:
www.2leisure.toop.com.au
1:15pm - 1:45pm
McMillan 0417 733 900
McMillan 0476 394 663
FULLARTON 2 Bed 1 Bath 1 Car 4 / 6 Dawson Street $570,000
Glenn
Sat 4 May 1pm on site Auction: Sat 4 May 12pm - 1pm Open: GILBERTON 4 Bed 2 Bath 2 Car 124 Stephen Terrace Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.124stephen.toop.com.au Sat 4 May 11am - 11:30am Open:
Peter
www.4-6dawson.toop.com.au
GOLDEN GROVE 3 Bed 2 Bath 4 Car 9 Eastleigh Avenue Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.9eastleigh.toop.com.au Sat 4 May 12:30pm - 1pm 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 4 May 12:30pm - 1pm Open:
KENT TOWN 3 Bed 2 Bath 2 Car 26A Little Wakefield Street Contact agent Sally
Sat 4 May 11am - 11:30am Open: MAWSON LAKES 4 Bed 2 Bath 2 Car 15 Hamilton Place Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.15hamilton.toop.com.au Sat 4 May 10am - 10:30am Open:
Cameron 0412 915 108 Sally.Cameron@toop.com.au www.26alittlewakefield.toop.com.au
38A California Street
Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.38acalifornia.toop.com.au
NAILSWORTH 4 Bed 2 Bath 2 Car
Contact agent
Sat 11 May 2pm on site Auction: Sat 4 May 11am - 11:30am Open: NORTH ADELAIDE 4 Bed 2 Bath 1 Car 26
Street Contact agent
www.26lakeman.toop.com.au Fri 24 May 11am on site Auction: Sat 4 May 11am - 11:30am Open:
Lakeman
Sally Cameron 0412 915 108 sally.cameron@toop.com.au
Sharee Redic 0407 722 660
Yeates 0407 871 851 www.105george.toop.com.au
Thomas Crawford 0448 888 816
Jake Theo 0422 959 650
PARADISE 4 Bed 2 Bath 2 Car 105
$695,000
George Street
Sat 11 May 11am on site Auction: Sat 4 May 12pm - 12:30pm Open: PLYMPTON 3 Bed 1 Bath 2 Car 26
Contact agent
Cassandra
James Street
Sat 25 May 10am on site Auction: Sat 4 May 2:30pm - 3pm Open:
www.26james.toop.com.au
Godfrey Street
Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.20godfrey.toop.com.au
150 Churchill Road
Jake Theo 0422 959 650
Thomas Crawford 0448 888 816
PORT ADELAIDE 2 Bed 1 Bath 1 Car 20
Contact agent
Sat 4 May 10am - 10:30am Open: PROSPECT 4 Bed 1 Bath 6 Car
Contact agent
Sat 4 May
Open:
www.150churchill.toop.com.au
11:15am - 11:45am
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 4 May 12:15pm - 12:45pm Open: TUSMORE 6 Bed 4 Bath 4 Car 70 Tusmore Avenue Contact agent Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.70tusmore.toop.com.au Sat 4 May 2:30pm - 3:15pm Open:
WEST CROYDON 3 Bed 1 Bath 8 Car 67 Cedar Avenue Contact agent Thomas Crawford 0448
816 Vincent Doran 0466 229 880 www.67cedar.toop.com.au Sun 5 May 10am on site Auction: Sat 4 May 1:30pm - 2pm Open: WEST CROYDON 3 Bed 1 Bath 6 Car 9 Margaret Avenue Contact agent
Vincent Doran
www.9margaret.toop.com.au Sun 19 May 10am on site Auction: Sat 4 May 10:45am - 11:15am Open:
888
Thomas Crawford 0448 888 816
0466 229 880
48 Rosetta Street
Thomas Crawford 0448 888 816
Vincent Doran 0466 229 880 www.48rosetta.toop.com.au
10 Shore Court
Gena Nash 0408 828 415
Bronte Manuel 0439 828 882 www.10shore.toop.com.au
WEST CROYDON 3 Bed 1 Bath 4 Car
Contact agent
Sun 19 May 12pm on site Auction: Sat 4 May 9:45am - 10:15am Open: WEST LAKES SHORE 5 Bed 3 Bath 3 Car
Contact agent
May
on site Auction:
4
Open:
Sat 18
10:30am
Sat
May 2:30pm - 3:15pm
ADELAIDE 2 Bed 2 Bath 1 Car Jacqui Wehrmann Contact agent 0412 449 004 jacqui.wehrmann@toop.com.au www.vault.toop.com.au ALDINGA BEACH 3 Bed 2 Bath 2 Car Jacqui Wehrmann Contact agent 0412 449 004 jacqui.wehrmann@toop.com.au www.vault.toop.com.au
BELAIR 4 Bed 2 Bath Rowena Coleiro Contact agent 0423 187 007 rowena.coleiro@toop.com.au www.vault.toop.com.au CROYDON PARK 3 Bed 1 Bath 1 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 HIGHBURY 3 Bed 2 Bath 1 Car Cassandra Yeates Contact agent 0407 871 851 cassandra.yeates@toop.com.au www.vault.toop.com.au
HYDE PARK 2 Bed 1 Bath 1 Car Gena Nash Contact agent 0408 828 415 gena.nash@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
NORTH ADELAIDE 4 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au NORWOOD 3 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
NORWOOD 3 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@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
PAYNEHAM SOUTH 3 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au ROSTREVOR 3 Bed 2 Bath 1 Car Ben Scadden Contact agent 0401 573 580 ben.scadden@toop.com.au www.vault.toop.com.au
SALISBURY 4 Bed 2 Bath 8 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au ST GEORGES 5 Bed 3 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@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 ST PETERS 4 Bed 2 Bath 3 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
TOORAK GARDENS 2 Bed 1 Bath 1 Car Vincent Doran Contact agent 0466 229 880 vincent.doran@toop.com.au www.vault.toop.com.au TOORAK GARDENS 4 Bed 2 Bath 1 Car Nicole Neill Contact agent 0413 879 889 nicole.neill@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 PARK 4 Bed 2 Bath 2 Car Sally Cameron Contact agent 0412 915 108 sally.cameron@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 WINDSOR GARDENS Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au