8 March 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.
toop.com.au/blog
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ADELAIDE 1 Bed 1 Bath 209 / 185 Morphett Street $335,000 - $360,000 Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.209-185morphett.toop.com.au Sat 9 March 12:30pm - 1pm Open: ALLENBY GARDENS 3 Bed 2 Bath 2 Car 1 / 17 East Avenue $719,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1-17east.toop.com.au Sun 17 March 12pm on site Auction: Sat 9 March 12pm - 12:30pm Open:
ASCOT PARK 3 Bed 1 Bath 2 Car 5b Audrey Street Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.5baudrey.toop.com.au Sat 9 March 11am - 11:30am Open: BEULAH PARK 4 Bed 2 Bath 2 Car
Gurrs Road Contact agent
Cameron 0412 915 108 sally.cameron@toop.com.au www.51gurrs.toop.com.au Sun 17 March 2pm on site Auction: Sat 9 March 10am - 10:30am Open:
51
Sally
BLANCHETOWN 4 Bed 1 Bath 2 Car 70 Page Drive $520,000 - $560,000 Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.70page.toop.com.au Sat 9 March 1pm - 2pm Open: BROMPTON 3 Bed 2 Bath 1 Car 104A East Street $850,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.104aeast.toop.com.au Sun 17 March 10am on site Auction: Sat 9 March 10am - 10:30am Open:
Thomas
BROMPTON 3 Bed 2 Bath 2 Car 27 / 62 Hawker Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.27-62hawker.toop.com.au Sat 9 March 11am - 11:30am Open: BULL CREEK 4 Bed 2 Bath 2 Car 807 Bull Creek Road $949,000 - $1,029,000
Crawford 0448 888 816 Vincent Doran 0466 229 880 www.807bullcreek.toop.com.au Sat 9 March 3pm - 3:30pm Open:
Thomas
CROYDON 4 Bed 2 Bath 2 Car 19 Robert Street Contact agent
Crawford 0448 888 816 Sally Cameron 0412 915 108 www.19robert.toop.com.au Sat 9 March 3:45pm - 4:15pm Open: CROYDON PARK 2 Bed 1 Bath 1 Car 48 Crossley Avenue Contact agent
Thomas
Crawford 0448 888 816
Doran 0466 229 880 www.48crossley.toop.com.au Sun 10 March 12pm on site Auction: Sat 9 March 12:30pm - 1pm Open:
Vincent
Thomas
14
Thomas
Jake
CROYDON PARK 3 Bed 2 Bath 1 Car
Alvis Road Contact agent
11
Crawford 0448 888 816 Vincent Doran 0466 229 880 www.11alvis.toop.com.au Sat 16 March 10am on site Auction: Sat 9 March 1:30pm - 2pm Open: DEVON PARK 3 Bed 2 Bath 3 Car
Bolingbroke Avenue Contact agent
Crawford 0448 888 816
Theo 0422 959 650 www.14bolingbroke.toop.com.au Sat 9 March 11:30am - 12pm Open:
ELIZABETH PARK 3 Bed 1 Bath 1 Car 31 Hayles Road Contact agent
Thomson 0414 427 427 scott.thomson@toop.com.au www.31hayles.toop.com.au Sat 9 March 11am - 11:30am Open: FINDON 3 Bed 2 Bath 2 Car
St Albyns Street Contact agent
Doran 0466 229 880
Crawford 0448 888 816 www.13stalbyns.toop.com.au Sat 9 March 1pm - 1:30pm Open:
Scott
13
Vincent
Thomas
GLENELG EAST 3 Bed 1 Bath 3 Rugless Terrace Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.3rugless.toop.com.au Sat 23 March 3:30pm on site Auction: Sat 9 March 10am - 10:30am Open: GLENELG NORTH 2 Bed 1 Bath 1 Car 3 / 5 Munro Street $500,000 Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.3-5munro.toop.com.au Wed 20 March 10:30am on site Auction: Sat 9 March 11:15am - 11:45am Open:
5
9
Grant
GLENSIDE 2 Bed 1 Bath 1 Car
Cranwell Street Contact agent
Wills 0419 865 829 grant.wills@toop.com.au www.5cranwell.toop.com.au Sat 9 March 10:30am on site Auction: Sat 9 March 10am - 10:30am Open: GLENSIDE 5 Bed 2 Bath 2 Car
Grant
Broughton Street Contact agent
Wills 0419 865 829 grant.wills@toop.com.au www.9broughton.toop.com.au Sat 9 March 12:30pm on site Auction: Sat 9 March 12pm - 12:30pm Open:
32
Debi
92
Sally
HAZELWOOD PARK 3 Bed 1 Bath 1 Car
Russell Avenue $1,100,000
Zecevich 0412 170 014 debi.zecevich@toop.com.au www.32russell.toop.com.au Sat 23 March 2pm on site Auction: Sat 9 March 11am - 11:30am Open: JOSLIN 5 Bed 2 Bath 2 Car
Second Avenue Contact agent
Cameron 0412 915 108 sally.cameron@toop.com.au www.92second.toop.com.au Sat 9 March 1:15pm - 1:45pm Open:
MAGILL 4 Bed 2 Bath 2 Car 2 La Perouse Avenue Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.2laperouse.toop.com.au Sat 9 March 11am - 11:30am Open: MYRTLE BANK 5 Bed 2 Bath 3 Car 84 Ferguson Avenue Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.84ferguson.toop.com.au Sat 16 March 1:30pm on site Auction: Sat 9 March 12:15pm - 12:45pm Open:
NETHERBY 4 Bed 2 Bath 2 Car 532 Fullarton Road Contact agent Glenn McMillan 0476 394 663 Peter McMillan 0417 733 900 www.532fullarton.toop.com.au Sat 9 March 10am - 10:30am Open: OAKLANDS PARK 4 Bed 2 Bath 2 Car 79A Bombay Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79abombay.toop.com.au Sat 9 March 12pm - 12:30pm Open:
PARADISE 4 Bed 3 Bath 2 Car 14B Parkwood Avenue $898,000 - $985,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14bparkwood.toop.com.au Sat 9 March 12:30pm - 1pm Open: ROSSLYN PARK 6 Bed 3 Bath 2 Car 12 Gillard Drive Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.12gillard.toop.com.au Sat 9 March 10am - 10:30am Open:
5
Sally
Sally.Cameron@toop.com.au
www.5lanark.toop.com.au
14
Sally
sally.cameron@toop.com.au www.14chapel.toop.com.au
ROSSLYN PARK 5 Bed 3 Bath 2 Car
Lanark Street Contact agent
Cameron
0412 915 108
Sat 9 March 11am - 11:30am Open: ROSTREVOR 3 Bed 2 Bath 2 Car
Chapel Way Contact agent
Cameron 0412 915 108
Sat 9 March 12:30pm - 1pm Open:
ROSTREVOR 3 Bed 2 Bath 1 Car 4B Kingswell Avenue Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.4bkingswell.toop.com.au Sat 9 March 10am - 10:30am Open: SEACOMBE HEIGHTS 4 Bed 3 Bath 4 Car 109 Braeside Avenue $1,650,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au Sat 9 March 11:15am - 11:45am Open:
50
Sally
STIRLING 4 Bed 2 Bath 2 Car
Sturt Valley Road Contact agent
Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au Sat 9 March 11am - 11:30am Open: STONYFELL 4 Bed 2 Bath 2 Car
71
Jordan
Allendale Grove Contact agent
Cameron 0412 915 108
Sat 9 March 12pm - 12:30pm Open:
sally.cameron@toop.com.au www.50allendale.toop.com.au
TERINGIE 4 Bed 1 Bath 10 Car 5 Teringie Drive Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.5teringie.toop.com.au Sat 9 March 10:30am - 11am Open: TERINGIE 5 Bed 4 Bath 2 Car 14 Coach House Drive $2,350,000 - $2,500,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au Sat 9 March 11:30am - 12pm Open:
Thomas
WALKERVILLE 3 Bed 2 Bath 2 Car
Brunswick Street Contact agent
Cameron 0412 915 108 Sally.Cameron@toop.com.au www.31bbrunswick.toop.com.au Sat 9 March 2:30pm - 3pm Open: WEST CROYDON 4 Bed 1 Bath 3 Car
Margaret Avenue Contact agent
31B
Sally
24
Crawford 0448 888 816 Vincent Doran 0466 229 880 www.24margaret.toop.com.au Sun 24 March 2pm on site Auction: Sat 9 March 2:30pm - 3pm Open:
WEST HINDMARSH 5 Bed 2 Bath 2 Car 23 Glanton Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.23glanton.toop.com.au Sat 9 March 10:30am - 11am Open:
Sharee
0407 722 660
sharee.redic@toop.com.au
www.vault.toop.com.au
Sally
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
ADELAIDE 3 Bed 2 Bath 2 Car
Redic Contact agent
BEAUMONT 3 Bed 2 Bath 2 Car
Cameron Contact agent
0419
0448
BLACK FOREST 3 Bed 1 Bath 1 Car
Wills Contact agent
Grant
865 829
www.vault.toop.com.au BOWDEN 2 Bed 1 Bath 1 Car
Crawford Contact agent
grant.wills@toop.com.au
Thomas
888 816
thomas.crawford@toop.com.au www.vault.toop.com.au
0439
bronte.manuel@toop.com.au www.vault.toop.com.au
0434
james.lindsay@toop.com.au www.vault.toop.com.au
CAMPBELLTOWN 4 Bed 2 Bath 4 Car
Manuel Contact agent
Bronte
828 882
CHERRY GARDENS 6 Bed 3 Bath 6 Car
Lindsay Contact agent
James
182 351
Sally
0412
sally.cameron@toop.com.au
www.vault.toop.com.au
0419
grant.wills@toop.com.au www.vault.toop.com.au
DULWICH 5 Bed 2 Bath 2 Car
Cameron Contact agent
915 108
GLENELG NORTH 4 Bed 3 Bath 4 Car
Wills Contact agent
Grant
865 829
GLENSIDE 2 Bed 1 Bath 1 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au GOLDEN GROVE 3 Bed 2 Bath 4 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
HYDE
Sally Cameron
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Vincent Doran
0466 229 880
vincent.doran@toop.com.au
www.vault.toop.com.au
PARK 3 Bed 2 Bath 1 Car
Contact agent
3 Bed 2 Bath 1 Car
MARLESTON
Contact agent
0422
MAWSON LAKES 5 Bed 2 Bath 2 Car
Thomson Contact agent
427 427
NORTHFIELD 3 Bed 1 Bath 1 Car
Theo Contact agent
Scott
0414
scott.thomson@toop.com.au www.vault.toop.com.au
Jake
959 650
jake.theo@toop.com.au www.vault.toop.com.au
0422
ryan.yuan@toop.com.au
www.vault.toop.com.au
Sharee
0407 722 660
sharee.redic@toop.com.au www.vault.toop.com.au
NORWOOD 4 Bed 2 Bath 1 Car
Yuan Contact agent
Ryan
429 939
PARADISE 4 Bed 2 Bath 2 Car
Redic Contact agent
alexander.parzis@toop.com.au
Anita
0413
anita.hardingham@toop.com.au
PARADISE 4 Bed 3 Bath 2 Car
Parzis Contact agent
588 633
Alexander
0410
PICCADILLY 3 Bed 1 Bath 2 Car
www.vault.toop.com.au
Hardingham Contact agent
335 706
www.vault.toop.com.au
Anita
Amelia
0422
amelia.langhans@toop.com.au
PICCADILLY 3 Bed 1 Bath 10 Car
Hardingham Contact agent
335 706
www.vault.toop.com.au PORT ADELAIDE 3 Bed 2 Bath 2 Car
0413
anita.hardingham@toop.com.au
Langhans Contact agent
125 242
www.vault.toop.com.au
Alexander
0410
alexander.parzis@toop.com.au
www.vault.toop.com.au
Jacqui
0412 449 004
jacqui.wehrmann@toop.com.au
www.vault.toop.com.au
SEACOMBE HEIGHTS 4 Bed 2 Bath 2 Car
Parzis Contact agent
588 633
SEAFORD 3 Bed 2 Bath 2 Car
Wehrmann Contact agent
0448
TUSMORE 6 Bed 4 Bath 4 Car
Begley Contact agent
289 240
www.vault.toop.com.au WEST CROYDON 3 Bed 1 Bath 2 Car
Crawford Contact agent
Jordan
0410
jordan.begley@toop.com.au
Thomas
888 816
thomas.crawford@toop.com.au www.vault.toop.com.au