7 June 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 8 June 9:45am - 10am 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 8 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 8 June 3:30pm - 4pm Open: BLAIR ATHOL 5 Bed 2 Bath 2 Car 26A Trigg Street Contact agent
Redic 0407 722 660 Cassandra Yeates
851 www.26atrigg.toop.com.au Sat 8 June 11am - 11:30am Open:
Sharee
0407 871
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 8 June 11:30am - 12pm Open: FERRYDEN PARK 3 Bed 2 Bath 2 Car
$695,000
Sat 8 June 10am on site Auction: Sat 8 June 9:30am - 10am Open:
www.8bradley.toop.com.au
FLINDERS PARK 4 Bed 2 Bath 2 Car 48 Holbrooks Road Contact agent - $1,139 Vincent
Jake
www.48holbrooks.toop.com.au Sat 8 June 11:30am - 12pm Open: GOLDEN GROVE 6 Bed 2 Bath 2 Car 1
Court Contact agent
www.1ranelagh.toop.com.au Sat 8 June 1pm - 1:30pm Open:
Doran 0466 229 880
Theo 0422 959 650
Ranelagh
Jake Theo 0422 959 650 Thomas Crawford 0448 888 816
Grant Wills 0419 865 829 grant.wills@toop.com.au www.510greenhill.toop.com.au
HAZELWOOD PARK 5 Bed 3 Bath 3 Car
Contact agent
Sat 22 June 1:30pm on site Auction: Sat 8 June 1pm - 1:45pm Open: KENSINGTON PARK 5 Bed 3 Bath 2 Car 2
Street Contact agent Sally
Sat 8 June 3pm - 3:30pm Open:
510 Greenhill Road
Pembroke
Cameron 0412 915 108 sally.cameron@toop.com.au www.2pembroke.toop.com.au
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 8 June 3:30pm - 4pm Open: LEABROOK 6 Bed 3 Bath 4 Car 18 Rochester Street Contact agent Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.18rochester.toop.com.au Sat 8 June 1pm - 1:45pm Open:
MANNINGHAM 3 Bed 1 Bath 4 Car 30
Street Contact agent Sharee
Cassandra
Sat 22 June 12pm on site Auction: Sat 8 June 1:15pm - 1:45pm Open: NORTH ADELAIDE 4 Bed 2 Bath 2 Car 38
Street Contact agent Sally Cameron
108 sally.cameron@toop.com.au www.38finniss.toop.com.au Sat 8 June 12pm - 12:30pm Open:
Benjamin
Redic 0407 722 660
Yeates 0407 871 851 www.30benjamin.toop.com.au
Finniss
0412 915
OVINGHAM 2 Bed 1 Bath 1 Car 4 / 5 Churchill Road Contact agent Jake
Thomas
Sat 8 June 10:30am - 11am Open: PARALOWIE 4 Bed 3 Bath 1 Car 10 Forest Avenue Contact agent Sharee Redic 0407
660 Cassandra Yeates
851 www.10forest.toop.com.au Sat 8 June 12pm - 12:30pm Open:
Theo 0422 959 650
Crawford 0448 888 816 www.4-5churchill.toop.com.au
722
0407 871
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.2-82aarthur.toop.com.au
PAYNEHAM SOUTH 3 Bed 2 Bath 2 Car 2
Contact agent
Sat 8 June 10:30am on site Auction: Sat 8 June 10am - 10:30am Open: ROSTREVOR 5 Bed 3 Bath 2 Car 53 Rita Avenue Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.53rita.toop.com.au Sat 8 June 11am - 11:30am Open:
/ 82a Arthur Street
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 8 June 2pm - 2:15pm 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 8 June 9:30am - 10am 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 8 June 9:30am - 10am 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 8 June 1:30pm - 2pm 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 8 June 11am - 11:30am Open: TOORAK GARDENS 4 Bed 2 Bath 4 Car 30 Cudmore Avenue Contact agent Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.30cudmore.toop.com.au Sat 8 June 12pm - 12:30pm Open:
TORRENS PARK 4 Bed 2 Bath 2 Car 304 Belair Road $1,460,000 - $1,600,000 Grant
Sat 8 June 11:30am - 12:15pm Open: TRANMERE 4 Bed 3 Bath 2 Car 13 Emerson Grove Contact agent Sally Cameron
108 sally.cameron@toop.com.au www.13emerson.toop.com.au Sat 15 June 10am on site Auction: Sat 8 June 4pm - 4:30pm Open:
Wills 0419 865 829 grant.wills@toop.com.au www.304belair.toop.com.au
0412 915
UNLEY 2 Bed 2 Bath 2 Car 6 / 54
Street Contact agent
Sat 8 June 2:15pm - 2:45pm Open: VALE PARK 4 Bed 3 Bath 2 Car 15 Washington Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.15washington.toop.com.au Sat 22 June 10:30am on site Auction: Sat 8 June 2:15pm - 2:45pm Open:
Charles
Ben Scadden 0401 573 580 ben.scadden@toop.com.au www.6-54charles.toop.com.au
VALLEY VIEW 4 Bed 2 Bath 2 Car 37 Knightsbridge Avenue $695,000 Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.37knightsbridge.toop.com.au Sun 23 June 10am on site Auction: Sat 8 June 1pm - 1:30pm Open: WALKERVILLE 4 Bed 3 Bath 2 Car 8A Gawler Terrace Contact agent Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.8agawler.toop.com.au Sat 8 June 11:30am - 12pm Open:
1B Warwick Street
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.1bwarwick.toop.com.au
www.18cooperangus.toop.com.au
WALKERVILLE 4 Bed 2 Bath 2 Car
Contact agent
Sat 8 June 10:30am - 11am Open: WATTLE PARK 5 Bed 3 Bath 2 Car 18 Cooper Angus Grove Contact agent
Yuan 0422 429 939 Lalita Yuan
402 255
Ryan
0433
Sat 8 June 12pm - 12:30pm Open:
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 8 June 1pm - 1:30pm Open:
ATHELSTONE 4 Bed 2 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au GLEN OSMOND 4 Bed 3 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 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 GOLDEN GROVE 4 Bed 2 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
GOOLWA Gena Nash Contact agent 0408 828 415 gena.nash@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 HECTORVILLE 3 Bed 2 Bath 2 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 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 NORTH PLYMPTON 3 Bed 2 Bath 2 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@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 POORAKA 2 Bed 1 Bath 2 Car Scott Thomson Contact agent 0414 427 427 scott.thomson@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 KITTS 4 Bed 2 Bath 5 Car Sam Hayes Contact agent 0438 767 227 sam.hayes@toop.com.au www.vault.toop.com.au
ST MORRIS 4 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
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