10 November 2023
Adelaide market update with Bronte Manuel Despite some positive signs, a genuine spike in listing levels has not materialised as we move deep into the spring selling season. While the latest report from property market analyst CoreLogic shows the volume of new listings to hit the market in Adelaide last month grew by 4.7 per cent compared with the same time last year, total listing levels are down 14 per cent year-on-year off an already-low base. It’s fair to say that Adelaide real estate has, in recent years, been defined by a clear trend: dwindling stock levels. Right now, there are fewer than 4300 properties listed on the open market in Adelaide. Roll back to the same time last year, and we had 4548 listings. Rewind another 12 months to 2021, and that number sat at 4990. In 2020, there were 5775 properties on the market. Based on those figures, stock levels have slumped by more than 20 per cent over the past three years.
Adelaide real estate has, in recent years, been defined by a clear trend: dwindling stock levels.
This steady shrinkage in listings year-on-year has sparked significant buyer competition, pushing dwelling values to unprecedented levels. CoreLogic reported that Adelaide dwelling values rose by 1.7 per cent last month, 4.3 per cent for the quarter and 5 per cent over 12 months. That three-monthly figure leads all capital cities, with Brisbane enjoying the second-highest growth rate at 3.9 per cent. The 12-month increase is in line with the national capital city average of 5.1 per cent.
There’s no doubt the scarcity of listings remains a key catalyst for price growth. TOOP+TOOP’s experiences over the past month certainly echo that sentiment. We had more than 2000 attendees through our open inspections last month – and fewer than 50 properties were sold. That’s a clear indication that there are a lot of buyers still searching for the right property. Our team sold 47 properties last month at an average price of $1,223,540, with many homes attracting multiple offers beyond vendor expectations. Digital data was similarly strong, with more than 150,000 unique views of the toop.com.au website and a reach close to 300,000 across our corporate social media channels. Based on recent history, we’d expect the market to continue at a steady pace right through to Christmas, as both buyers and sellers try to complete transactions before the end-of-year holidays.
There’s no doubt the scarcity of listings remains a key catalyst for price growth.
For more of these stories visit toop.com.au/blog
ADELAIDE
73A South Terrace Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.73asouth.toop.com.au
ADELAIDE
3002 / 29 Angas Street Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.3002-29angas.toop.com.au
3 Bed 2 Bath 4 Car
Contact agent Open: Sat 11 November 2pm - 2:30pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sun 12 November 12:30pm - 1pm
BROMPTON
47 Second Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.47second.toop.com.au
BROMPTON
32 Chief Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.32chief.toop.com.au
3 Bed 1 Bath 5 Car
Contact agent Open: Sun 12 November 10:30am - 11am Auction: Sun 19 November 12pm on site
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 11 November 1:45pm - 2:15pm Auction: Sun 12 November 12pm on site
BURNSIDE
39 Royal Avenue Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.39royal.toop.com.au
CRAFERS WEST
57 Sheoak Road James Lindsay 0434 182 351 Anita Hardingham 0413 335 706 www.57sheoak.toop.com.au
4 Bed 3 Bath 2 Car
Contact agent Open: Sun 12 November 11:30am - 12pm
5 Bed 3 Bath 2 Car
Contact agent Open: Sun 12 November 12pm - 12:30pm
CRAFERS WEST
32 Sheoak Road Anita Hardingham 0413 335 706 James Lindsay 0434 182 351 www.32sheoak.toop.com.au
CROYDON PARK
26 Liberton Avenue Thomas Crawford 0448 888 816 Ryan Yuan 0422 429 939 www.26liberton.toop.com.au
5 Bed 2 Bath 6 Car
Contact agent Open: Sat 11 November 2pm - 2:30pm
4 Bed 2 Bath 4 Car
Contact agent Open: Sat 11 November 1:30pm - 2pm
CROYDON PARK
19 Hotchkiss Crescent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.19hotchkiss.toop.com.au
4 Bed 3 Bath 2 Car
$950,000 Open: Sat 11 November 10am - 10:30am Auction: Thu 16 November 6pm on site
CUDLEE CREEK
5 Bed 3 Bath 4 Car
79 Redden Drive
$1,180,000 - $1,230,000
Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79redden.toop.com.au
Open: Sat 11 November 10:30am - 11am
CUMBERLAND PARK
51 Caulfield Avenue Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.51caulfield.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent Open: Sat 11 November 12:30pm - 1pm
DULWICH
287 Greenhill Road Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.287greenhill.toop.com.au
Contact agent Open: Fri 10 November 12pm - 12:30pm
EASTWOOD
20 / 220 Greenhill Road Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.20-220greenhill.toop.com.au
EASTWOOD
29 / 220 Greenhill Road Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.29-220greenhill.toop.com.au
2 Bed 2 Bath 1 Car
$690,000 - $750,000 Open: Sat 11 November 12:45pm - 1:30pm
2 Bed 2 Bath 1 Car
Contact agent Open: Sun 12 November 1:30pm - 2pm
ERINDALE
5 Egmont Terrace Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.5egmont.toop.com.au
ETHELTON
5 Cowie Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.5cowie.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 11 November 12pm - 12:30pm Auction: Sat 21 October 12:30pm on site
3 Bed 2 Bath 2 Car
Contact agent Open: Sun 12 November 10:15am - 10:45am Auction: Sun 19 November 2pm on site
GILBERTON
24b James Street Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.24bjames.toop.com.au
GOOLWA SOUTH
10 Cant Road Anita Hardingham 0413 335 706 anita.hardingham@toop.com.au www.10cant.toop.com.au
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 11 November 2:45pm - 3:15pm Auction: Sat 28 October 2:30pm on site
5 Bed 2 Bath 1 Car
$750,000 - $825,000 Open: Sat 11 November 10:30am - 11am
GREENACRES
3 Bed 2 Bath 1 Car
5A Cedar Avenue
$700,000 - $760,000
Grant Wills 0419 865 829 grant.wills@toop.com.au www.5acedar.toop.com.au
HAWTHORN
14 Jeffrey Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.14jeffrey.toop.com.au
Open: Sat 11 November 11:30am - 12:15pm
5 Bed 3 Bath 2 Car
Contact agent Open: Sat 11 November 2pm - 2:30pm Auction: Sat 2 December 1pm on site
HAWTHORN
24A William Street Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.24awilliam.toop.com.au
HEATHFIELD
25 Heather Road James Lindsay 0434 182 351 james.lindsay@toop.com.au www.25heather.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 11 November 1pm - 1:30pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 11 November 12pm - 12:30pm
HENLEY BEACH
215 / 356 Seaview Road Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.215-356seaview.toop.com.au
HOLDEN HILL
8a McBean Avenue Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.8amcbean.toop.com.au
2 Bed 2 Bath 1 Car
Contact agent Open: Sat 11 November 11:15am - 11:45am
3 Bed 2 Bath 2 Car
$860,000 - $895,000 Open: Sun 12 November 12:30pm - 1pm
KENSINGTON GARDENS
22 East Terrace Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.22east.toop.com.au
LOCKLEYS
26 Rowells Road Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.26rowells.toop.com.au
4 Bed 2 Bath 2 Car
$2,000,000 - $2,200,000 Open: Sat 11 November 2pm - 2:30pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 11 November 11:15am - 11:45am Auction: Sun 26 November 12pm on site
MITCHAM
52 Smith-Dorrien Street Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.52smith-dorrien.toop.com.au
NEW PORT
614 / 1-2 Tarni Court Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.614-1tarni.toop.com.au
3 Bed 2 Bath 2 Car
$1,200,000 Open: Sat 11 November 3:45pm - 4:15pm
1 Bed 1 Bath 1 Car
Contact agent Open: Sat 11 November 10am - 10:30am
NORTH PLYMPTON
1 Lehmann Street Vincent Doran 0466 229 880 Jake Theo 0422 959 650 www.1lehmann.toop.com.au
NORWOOD
16 William Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.16william.toop.com.au
3 Bed 1 Bath 4 Car
Contact agent Open: Sun 12 November 1:30pm - 2pm Auction: Sun 26 November 2pm on site
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 11 November 10:30am - 11am
PARADISE
9 Hamilton Terrace Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.9hamilton.toop.com.au
PARADISE
35 Hardy Court Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.35hardy.toop.com.au
4 Bed 1 Bath 8 Car
$1,100,000 Open: Sat 11 November 10am - 10:30am Auction: Sat 18 November 12pm on site
4 Bed 2 Bath 1 Car
$750,000 Open: Sat 11 November 12:30pm - 1pm Auction: Sat 18 November 10am on site
PARAFIELD GARDENS
4 Walnut Avenue Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.4walnut.toop.com.au
PAYNEHAM
40 Arthur Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.40arthur.toop.com.au
3 Bed 1 Bath 1 Car
$440,000 Open: Sat 11 November 12:45pm - 1:15pm Auction: Thu 16 November 11am on site
4 Bed 2 Bath 2 Car
Contact agent Open: Fri 10 November 12pm - 12:30pm Auction: Sat 11 November 12:30pm on site
PROSPECT
48 Braund Road Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.48braund.toop.com.au
ROSTREVOR
23 Yalpara Avenue Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.23yalpara.toop.com.au
3 Bed 1 Bath 1 Car
$980,000 Open: Sat 11 November 11:30am - 12pm Auction: Sat 18 November 11:30am on site
5 Bed 3 Bath 2 Car
Contact agent Open: Sat 11 November 10:30am - 11am
ROYSTON PARK
11 Gilding Avenue Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.11gilding.toop.com.au
STIRLING
71 Sturt Valley Road Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au
3 Bed 2 Bath 1 Car
Contact agent Open: Sun 12 November 1:45pm - 2:30pm
4 Bed 2 Bath 2 Car
$1,600,000 - $1,750,000 Open: Sat 11 November 11:30am - 12pm
TERINGIE
18 Teringie Drive Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.18teringie.toop.com.au
TORRENS PARK
7 Alton Avenue Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.7alton.toop.com.au
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 11 November 2pm - 2:30pm
4 Bed 3 Bath 4 Car
Contact agent Open: Sun 12 November 2:30pm - 3pm
TRANMERE
4 Bed 2 Bath 2 Car
32 Barons Street Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.32barons.toop.com.au
$1,100,000 Open: Sat 11 November 2:15pm - 2:45pm Auction: Fri 17 November 12:30pm on site
TUSMORE
2 Bed 1 Bath 1 Car
2 / 65 Northumberland Street
$550,000
Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.2-65northumberland.toop.com.au
Open: Sat 11 November 11am - 11:30am
TUSMORE
2 / 27 Burke Street Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.2-27burke.toop.com.au
WALKERVILLE
31B Brunswick Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.31bbrunswick.toop.com.au
2 Bed 1 Bath 1 Car
Contact agent Open: Sun 12 November 10:30am - 11am
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 11 November 9:30am - 10am
WALKERVILLE
23 Burlington Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au
WEST CROYDON
31 Phillip Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.31phillip.toop.com.au
5 Bed 2 Bath 2 Car
$2,970,000 Open: Sat 11 November 12pm - 12:30pm
2 Bed 1 Bath 5 Car
Contact agent Open: Sat 11 November 12:30pm - 1pm Auction: Sun 19 November 10am on site
WEST CROYDON
24 Alfred Road Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.24alfred.toop.com.au
WEST CROYDON
8 Hilda Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.8hilda.toop.com.au
3 Bed 2 Bath 3 Car
Contact agent Open: Sat 11 November 2:30pm - 3pm Auction: Sat 2 December 10am on site
4 Bed 1 Bath 3 Car
Contact agent Open: Sat 11 November 1:30pm - 2pm
WOODVILLE
24 Leslie Street East Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.24lesliestreet.toop.com.au
WYNN VALE
25 Raven Court Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.25raven.toop.com.au
4 Bed 2 Bath 4 Car
Contact agent Open: Sat 11 November 2:45pm - 3:15pm Auction: Sat 18 November 10am on site
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 11 November 11am - 11:45am
BROMPTON
Thomas Crawford
3 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
BROMPTON
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 1 Car
Contact agent
BROMPTON
Thomas Crawford
3 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
CAMBRAI
Sam Hayes 0438 767 227 sam.hayes@toop.com.au www.vault.toop.com.au
5 Bed 2 Bath 4 Car
Contact agent
COLLEGE PARK
Sally Cameron
2 Bed 2 Bath 1 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
DULWICH
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
EASTWOOD
Sally Cameron
5 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
FLINDERS PARK
Vincent Doran 0466 229 880 vincent.doran@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 1 Car
Contact agent
GILBERTON
Sally Cameron
4 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
GLEN OSMOND
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
5 Bed 3 Bath 2 Car
Contact agent
HAY VALLEY
James Lindsay
9 Bed 6 Bath 4 Car
Contact agent
0434 182 351 james.lindsay@toop.com.au www.vault.toop.com.au
LOCKLEYS
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent
MARRYATVILLE
Ryan Yuan
3 Bed 2 Bath 1 Car
Contact agent
0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
MILE END
5 Bed 2 Bath
Nicole Neill
Contact agent
0413 879 889 nicole.neill@toop.com.au www.vault.toop.com.au
MILE END
Thomas Crawford
6 Bed 2 Bath 4 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
MOUNT PLEASANT
Sam Hayes 0438 767 227 sam.hayes@toop.com.au www.vault.toop.com.au
1 Bed 1 Bath 3 Car
Contact agent
NEW PORT
Amelia Langhans
1 Bed 1 Bath 1 Car
Contact agent
0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au
NORTH ADELAIDE
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
2 Bed 1 Bath 1 Car
Contact agent
ROSE PARK
Sally Cameron
4 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
SEACOMBE HEIGHTS
Sharee Redic 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
4 Bed 3 Bath 4 Car
Contact agent
ST PETERS
Sally Cameron
4 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
TOORAK GARDENS
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
WAYVILLE
Grant Wills
2 Bed 1 Bath 1 Car
Contact agent
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
WEST CROYDON
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 1 Car
Contact agent