12 January 2024
Adelaide market update with Bronte Manuel As the traditional spring selling season draws to a close, Adelaide property continues to demonstrate a robust blend of growth and resilience. This dynamic is reflected in our recent results at TOOP+TOOP, as well as in the broader market trends specific to Adelaide and its comparison with other Australian cities. Adelaide’s property market showed continued strength last month, with dwelling values rising by 1.2 per cent according to the latest data from property market analyst CoreLogic. This increase contributes to a broader pattern of growth, including a 3.9 per cent rise over the quarter and a significant 7.6 increase over the past year. These figures are particularly striking, as they place Adelaide’s property values at a record high.
This sustained growth indicates a strong demand for property.
This sustained growth, indicative of a strong demand for property, is especially relevant for sellers in the current market. The time it takes to sell properties in Adelaide, while slightly increased, mirrors a nationwide trend. Despite this slight uptick, it’s worth noting that the selling times are still significantly lower than pre-COVID levels, indicating that the market, while experiencing some softening, remains fundamentally strong. In terms of listings, Adelaide’s market dynamics are distinct when compared to national trends. While new listings have seen a seasonal slowdown nationally, the Adelaide market has been relatively more resilient.
The flow of new listings in Adelaide has been closer to the historic five-year average than in many other Australian cities, suggesting a healthier supply in the local market. However, total listings are still below the historic five-year average, a trend consistent nationally. This suggests that while Adelaide’s market is experiencing a gradual increase in inventory, it still faces a competitive environment due to limited overall supply. This is an important factor for buyers and sellers to consider, as it influences both property availability and pricing dynamics. TOOP+TOOP’s performance last month, with 62 sales at an average price of more than $1.21 million and an average of 23 days on the market, underscores the agency’s success in navigating this competitive landscape. These results, combined with a significant social media reach of more than 400,000, highlight our ability to effectively market properties and achieve desirable outcomes for our clients. As we move out of the spring season, the Adelaide property market remains an attractive space for investors and homebuyers. The combination of sustained value growth and relatively sparse listing levels presents a nuanced yet promising market landscape. TOOP+TOOP continues to leverage these trends, utilising our deep understanding of the local market to facilitate successful transactions, ensuring our clients capitalise on the opportunities available in Adelaide’s dynamic real estate market.
Adelaide’s market still faces a competitive environment due to limited overall supply.
For more of these stories visit toop.com.au/blog
ADELAIDE
11 Castle Street Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.11castle.toop.com.au
2 Bed 2 Bath 2 Car
Contact agent Open: Sun 14 January 3pm - 3:30pm Auction: Sat 27 January 2:30pm on site
ALLENBY GARDENS
2 Bed 1 Bath 1 Car
3 / 2A Morrell Street
$400,000 - $440,000
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.3-2amorrell.toop.com.au
Open: Sat 13 January 12:30pm - 1pm
BURNSIDE
39 Royal Avenue Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.39royal.toop.com.au
BURNSIDE
661 - 663 Greenhill Road Bronte Manuel 0439 828 882 Thomas Crawford 0448 888 816 www.661-663greenhill.toop.com.au
4 Bed 3 Bath 2 Car
$3,000,000 Open: Sun 14 January 1:30pm - 2pm
7 Bed 4 Bath 4 Car
Contact agent Open: Sat 13 January 12pm - 12:30pm Auction: Wed 13 December 6pm on site
CLEARVIEW
13 Kelway Crescent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.13kelway.toop.com.au
FLAGSTAFF HILL
16 Cormorant Avenue Grant Wills 0419 865 829 grant.wills@toop.com.au www.16cormorant.toop.com.au
3 Bed 2 Bath 1 Car
$695,000 - $745,000 Open: Sat 13 January 1:45pm - 2:15pm Auction: Fri 22 December 6pm on site
6 Bed 2 Bath 8 Car
$1,600,000 - $1,760,000 Open: Sat 20 January 11am - 11:45am
GILBERTON
4 Bed 2 Bath 2 Car
43 Walkerville Terrace
Contact agent
Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.43walkerville.toop.com.au
Open: Sat 13 January 12pm - 12:30pm
HUNTFIELD HEIGHTS
3 Cashel Court Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.3cashel.toop.com.au
3 Bed 1 Bath
$490,000 Open: Sat 13 January 11am - 11:30am
MALVERN
167 Fisher Street Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.167fisher.toop.com.au
MANNUM
5 Bed 2 Bath 3 Car
$2,900,000 Open: Sat 13 January 12pm - 12:30pm
3 Bed 1 Bath 2 Car
Allotment / 112 River Lane
$650,000
James Lindsay 0434 182 351 james.lindsay@toop.com.au www.allotment-112river.toop.com.au
Open: Sat 13 January 11am - 11:45am
MILE END
19 Lurline Street Thomas Crawford 0448 888 816 Sally Cameron 0412 915 108 www.19lurline.toop.com.au
NEW PORT
402 / 6-8 Wirra Drive Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.402-6-8wirra.toop.com.au
5 Bed 2 Bath 4 Car
$1,695,000 - $1,795,000 Open: Sat 13 January 11:45am - 12:15pm
1 Bed 1 Bath 1 Car
$380,000 Open: Sat 13 January 10am - 10:30am
NEW PORT
2 Bed 2 Bath 2 Car
202 / 1-2 Tarni Court Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.202-1-2tarni.toop.com.au
Contact agent Open: Sat 13 January 11:30am - 12pm
NEW PORT
Marine Berth E1, Lot 9000 Tarni Court Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.e1marinasouth.toop.com.au
Contact agent
Open: Sat 13 January 10:45am - 11:15am
NORTH ADELAIDE
102 Brougham Place Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.102brougham.toop.com.au
NORTH PLYMPTON
31 Murdoch Avenue Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.31murdoch.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 13 January 3pm - 3:30pm Auction: Sun 28 January 1:30pm on site
3 Bed 1 Bath 1 Car
Contact agent Open: Sat 13 January 10am - 10:30am Auction: Sat 27 January 10:30am on site
NORWOOD
16 William Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.16william.toop.com.au
OAKLANDS PARK
79A Bombay Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79abombay.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 13 January 12pm - 12:30pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 13 January 10:30am - 11am
PORT MANNUM
119 River Lane James Lindsay 0434 182 351 james.lindsay@toop.com.au www.119river.toop.com.au
ROSSLYN PARK
12 Gillard Drive Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.12gillard.toop.com.au
3 Bed 1 Bath 2 Car
$650,000 Open: Sat 13 January 11am - 11:45am
6 Bed 3 Bath 2 Car
Contact agent Open: Sat 13 January 11am - 11:30am
ROSTREVOR
23 Yalpara Avenue Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.23yalpara.toop.com.au
ROYSTON PARK
38 Lambert Road Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.38lambert.toop.com.au
5 Bed 3 Bath 2 Car
Contact agent Open: Sat 13 January 10:30am - 11am
5 Bed 3 Bath 6 Car
Contact agent Open: Sat 13 January 12pm - 12:30pm
SEACOMBE HEIGHTS
109 Braeside Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au
SOMERTON PARK
1B Grainger Road Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.1bgrainger.toop.com.au
4 Bed 3 Bath 4 Car
Contact agent Open: Sat 13 January 11:30am - 12pm
4 Bed 2 Bath
$900,000 Open: Sat 13 January 10:30am - 11:15am Auction: Sat 27 January 11am on site
ST PETERS
8 Fifth Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.8fifth.toop.com.au
ST PETERS
17 Fifth Avenue Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.17fifth.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 13 January 1:30pm - 2pm Auction: Sat 3 February 2pm on site
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 13 January 1pm - 1:30pm
ST PETERS
43 Seventh Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.43seventh.toop.com.au
4 Bed 2 Bath 1 Car
Contact agent Open: Wed 17 January 3pm - 3:30pm Auction: Sun 28 January 3pm on site
TEA TREE GULLY
3 Bed 2 Bath 2 Car
25 Wattle Crescent
$820,000 - $860,000
Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.25wattle.toop.com.au
Open: Sat 13 January 1:30pm - 2pm
TEA TREE GULLY
1 / 31 Rednall Street Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.1-31rednall.toop.com.au
TOORAK GARDENS
4 Bed 3 Bath 4 Car
Contact agent Open: Sat 13 January 2:30pm - 3pm
2 Bed 1 Bath 2 Car
10 / 144 Watson Avenue
Contact agent
Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.10-144watson.toop.com.au
Open: Sat 13 January 12:30pm - 1pm
UNLEY
75 Frederick Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.75frederick.toop.com.au
WALKERVILLE
31B Brunswick Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.31bbrunswick.toop.com.au
5 Bed 5 Bath 2 Car
Contact agent Open: Sat 13 January 10:30am - 11am
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 13 January 11am - 11:30am
WALKERVILLE
23 Burlington Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 13 January 1:30pm - 2pm
ATHELSTONE
Grant Wills
4 Bed 2 Bath 3 Car
Contact agent
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
BOWDEN
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
2 Bed 1 Bath
Contact agent
BROMPTON
Thomas Crawford
3 Bed 2 Bath 1 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
COLONEL LIGHT GARDENS
Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 3 Car
Contact agent
CROYDON
Thomas Crawford
5 Bed 2 Bath 4 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
DEVON PARK
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
ERINDALE
Jordan Begley
4 Bed 2 Bath 2 Car
Contact agent
0410 289 240 jordan.begley@toop.com.au www.vault.toop.com.au
FINDON
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 1 Car
Contact agent
GILBERTON
Sally Cameron
5 Bed 3 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
GLANVILLE
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 1 Car
Contact agent
KINGSWOOD
Grant Wills
2 Bed 1 Bath
Contact agent
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
LONGWOOD
James Lindsay 0434 182 351 james.lindsay@toop.com.au www.vault.toop.com.au
1 Bed 1 Bath 1 Car
Contact agent
MAGILL
Ryan Yuan
4 Bed 2 Bath 2 Car
Contact agent
0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
MAGILL
Grant Wills 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
MARLESTON
Ryan Yuan
3 Bed 2 Bath 1 Car
Contact agent
0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
MILLSWOOD
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
NORTH ADELAIDE
Sally Cameron
3 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
PARKSIDE
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 1 Bath 2 Car
Contact agent
PROSPECT
Jake Theo
4 Bed 2 Bath 4 Car
Contact agent
0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
RENOWN PARK
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
ROSTREVOR
Alexander Parzis
Contact agent
0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
WATTLE PARK
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 1 Car
Contact agent
WEST BEACH
Thomas Crawford
2 Bed 2 Bath 1 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
WOODVILLE NORTH
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent