13 October 2023
Adelaide market update with Bronte Manuel Consecutive months of unchanged interest rates – combined with an ongoing sparsity of stock – has resulted in Adelaide property values returning to record-high levels. The most recent data from property market analyst CoreLogic shows that Adelaide dwelling values grew by 1.1 per cent for the month, 3.4 per cent for the quarter and 2.2 per cent for the year. Put simply, Adelaide property has never been more valuable. That broad sentiment was certainly matched with our experiences at TOOP+TOOP. We sold an average of two properties a day for the month, with a total sales value approaching $80 million. Our average sales price of $1.342 million was among the highest in our 38-year history. Our reach across our corporate social media platforms was also impressive, with 384,200 unique views on Facebook and more than 100,000 on Instagram.
Adelaide dwelling values grew by 1.1 per cent for the month, 3.4 per cent for the quarter and 2.2 per cent for the year.
They’re all indicators of a buoyant and eager buyer pool, with many properties attracting multiple offers and selling beyond vendor expectations. While stock levels do still seem low on face value, the monthly volume of new properties to hit the market with TOOP+TOOP was almost identical to 12 months ago, so this may be the ‘new normal’.
By comparison, CoreLogic reported that the volume of new listings across all Adelaide agencies had dropped 5 per cent compared with the same time last year, with total listings down almost 20 per cent. In fact, the latest data shows there are just over 4000 homes for sale in greater metropolitan Adelaide, while at the national level, there were 135,951 listings observed through the four weeks to the end of the month. That’s a drop of almost 25 per cent on the five-year average for that period, mainly due to a strong absorption from sales. It’s interesting to note that both Sydney and Melbourne, which had experienced dramatic drops in listing levels, have bounced back noticeably in recent months. According to CoreLogic, new listings in Melbourne are up by 17.4 per cent year-on-year, while Sydney has enjoyed a jump of 15.7 per cent. While we’d expect listing levels in Adelaide to increase to at least some degree through the rest of spring, it’s unlikely to reach a point where supply will outweigh buyer demand. As a consequence, dwelling values here should either remain steady or experience mild increases, at least in the medium term.
The volume of new listings across all Adelaide agencies had dropped 5 per cent compared with the same time last year.
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
311 / 10 Balfours Way Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.311-10balfours.toop.com.au
3 Bed 2 Bath 4 Car
Contact agent Open: Sat 14 October 1pm - 1:30pm
1 Bed 1 Bath
Contact agent Open: Sat 14 October 4pm - 4:30pm
BEAUMONT
30A Thirkell Avenue Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.30athirkell.toop.com.au
3 Bed 1 Bath 1 Car
$950,000 - $1,045,000 Open: Sat 14 October 12:30pm - 1pm
BIRKENHEAD
3 Bed 1 Bath 3 Car
84 Mead Street
$799,000 - $849,000
Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.84mead.toop.com.au
Open: Sun 15 October 1:30pm - 2pm
BROADVIEW
18 Staffa Street Julie Zanes 0438 886 113 julie.zanes@toop.com.au www.18staffa.toop.com.au
BROMPTON
21 Cappers Drive Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.21cappers.toop.com.au
4 Bed 2 Bath 1 Car
$1,095,000 - $1,150,000 Open: Sat 14 October 11am - 11:30am Auction: Sat 9 September 3:30pm on site
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 1pm - 1:30pm
BROMPTON
8 / 20 Green Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.8-20green.toop.com.au
BROMPTON
60 Second Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.60second.toop.com.au
2 Bed 2 Bath 1 Car
Contact agent Open: Sat 14 October 11am - 11:30am
2 Bed 1 Bath
Contact agent Open: Sat 14 October 2pm - 2:30pm
BROMPTON
8 / 60 Chief Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.8-60chief.toop.com.au
BROMPTON
25 Mann Drive Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.25mann.toop.com.au
2 Bed 2 Bath 1 Car
Contact agent Open: Sat 14 October 11am - 11:30am
2 Bed 2 Bath 1 Car
Contact agent Open: Sat 14 October 1pm - 1:30pm
BURNSIDE
661 - 663 Greenhill Road Bronte Manuel 0439 828 882 Thomas Crawford 0448 888 816 www.661-663greenhill.toop.com.au
COLLEGE PARK
5 Baliol Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.5baliol.toop.com.au
7 Bed 4 Bath 4 Car
Contact agent Open: Sat 14 October 11:30am - 12pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 2pm - 2:30pm
CROYDON PARK
4 Harley Road Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.4harley.toop.com.au
CUDLEE CREEK
79 Redden Drive Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79redden.toop.com.au
3 Bed 1 Bath 4 Car
Contact agent Open: Sat 14 October 3pm - 3:30pm Auction: Sun 22 October 10am on site
5 Bed 3 Bath 4 Car
Contact agent Open: Sat 14 October 10:30am - 11am
DUDLEY PARK
11 Oldsmobile Terrace Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.11oldsmobile.toop.com.au
ERINDALE
5 Egmont Terrace Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.5egmont.toop.com.au
8 Bed 2 Bath 8 Car
Contact agent Open: Sat 14 October 4pm - 4:30pm Auction: Sun 15 October 12pm on site
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 11am - 11:45am Auction: Sat 21 October 12:30pm on site
ETHELTON
5 Cowie Street Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.5cowie.toop.com.au
FAIRVIEW PARK
9 Munilla Avenue Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.9munilla.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sun 15 October 2:30pm - 3pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 2pm - 2:30pm
FERRYDEN PARK
53 Murray Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.53murray.toop.com.au
GILBERTON
24b James Street Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.24bjames.toop.com.au
3 Bed 1 Bath 5 Car
Contact agent Open: Sat 14 October 10am - 10:30am Auction: Sun 29 October 10am on site
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 14 October 12:30pm - 1:15pm Auction: Sat 28 October 2:30pm on site
GLEN OSMOND
11 Dutton Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.11dutton.toop.com.au
GLENSIDE
5 Windsor Road Grant Wills 0419 865 829 grant.wills@toop.com.au www.5windsor.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 12pm - 12:30pm Auction: Sat 21 October 11am on site
3 Bed 2 Bath 2 Car
$1,400,000 Open: Sat 14 October 11:15am - 12pm Auction: Sat 28 October 1:30pm on site
GLENSIDE
2 / 2 Broughton Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.2-2broughton.toop.com.au
GOODWOOD
20 Grace Street Lew Toop 0419 888 893 Gena Nash 0408 828 415 www.20grace.toop.com.au
2 Bed 1 Bath 2 Car
$540,000 - $560,000 Open: Sat 14 October 10:30am - 11am
2 Bed 1 Bath 3 Car
Contact agent Open: Sat 14 October 10am - 10:30am
GOOLWA SOUTH
10 Cant Road Anita Hardingham 0413 335 706 Anita.Hardingham@toop.com.au www.10cant.toop.com.au
HAWTHORN
24A William Street Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.24awilliam.toop.com.au
5 Bed 2 Bath 1 Car
$750,000 - $825,000 Open: Sat 14 October 12:30pm - 1pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 11am - 11:30am Auction: Sat 14 October 11:30am on site
HAWTHORN
95 Cross Road Jordan Begley 0410 289 240 Makeeley Abraham 0414 630 600 www.95cross.toop.com.au
HAZELWOOD PARK
18 Howard Terrace Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.18howard.toop.com.au
5 Bed 3 Bath 2 Car
Contact agent Open: Sat 14 October 4pm - 4:30pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 11am - 11:30am Auction: Sat 28 October 10:30am on site
HAZELWOOD PARK
14 Olive Grove Jordan Begley 0410 289 240 Makeeley Abraham 0414 630 600 www.14olive.toop.com.au
HEATHFIELD
25 Heather Road James Lindsay 0434 182 351 james.lindsay@toop.com.au www.25heather.toop.com.au
4 Bed 2 Bath 2 Car
$1,790,000 - $1,950,000 Open: Sat 14 October 2:30pm - 3:15pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 10:30am - 11am
HOLDEN HILL
8a McBean Avenue Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.8amcbean.toop.com.au
KENSINGTON GARDENS
22 East Terrace Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.22east.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 3:15pm - 3:45pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 1:30pm - 2pm
LIGHTSVIEW
25 Nottage Road Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.25nottage.toop.com.au
MEDINDIE
39 Dutton Terrace Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.39dutton.toop.com.au
2 Bed 1 Bath 1 Car
Contact agent Open: Sun 15 October 2:45pm - 3:15pm
5 Bed 2 Bath 3 Car
Contact agent Open: Sat 14 October 1pm - 1:30pm
MODBURY HEIGHTS
4 Strathisla Court Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.4strathisla.toop.com.au
MODBURY HEIGHTS
4 Abeona Close Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.4abeona.toop.com.au
3 Bed 2 Bath 4 Car
Contact agent Open: Sat 14 October 4:30pm - 5pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 2:30pm - 3pm Auction: Sun 22 October 10:30am on site
NORTH ADELAIDE
32 Mann Terrace Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.32mann.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 12pm - 12:30pm
NORWOOD
2 Bed 1 Bath
22 Gray Street
Contact agent
Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.22gray.toop.com.au
Open: Sat 14 October 10am - 10:30am
PARADISE
7 Church Road Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.7church.toop.com.au
PARADISE
25 Wood Road Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.25wood.toop.com.au
4 Bed 2 Bath 2 Car
$880,000 Open: Sat 14 October 10am - 10:30am Auction: Sat 28 October 12pm on site
3 Bed 1 Bath 4 Car
$620,000 Open: Sat 14 October 1:30pm - 2pm Auction: Sat 21 October 10:30am on site
PORT MANNUM
119 River Lane James Lindsay 0434 182 351 james.lindsay@toop.com.au www.119river.toop.com.au
RIDLEYTON
1 / 90 Hawker Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1-90hawker.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent Open: Sat 14 October 1pm - 1:30pm
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 14 October 2pm - 2:30pm Auction: Thu 19 October 6pm on site
ROSSLYN PARK
23 Coach Road Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.23coach.toop.com.au
ROYSTON PARK
11 Gilding Avenue Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.11gilding.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 10am - 10:30am Auction: Sat 21 October 2pm on site
3 Bed 2 Bath 1 Car
$1,090,000 Open: Sat 14 October 11am - 11:30am Auction: Sat 14 October 11:30am on site
SEACOMBE GARDENS
5A Greenasche Grove Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.5agreenasche.toop.com.au
SEFTON PARK
5 / 16 Second Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.5-16second.toop.com.au
4 Bed 2 Bath 1 Car
Contact agent Open: Sat 14 October 11:15am - 11:45am Auction: Sat 21 October 10am on site
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 14 October 12pm - 12:30pm
ST CLAIR
2 Bed 1 Bath 1 Car
404 / 301 St Clair Avenue
$399,000 - $434,000
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.404-301stclair.toop.com.au
Open: Sat 14 October 9am - 9:30am
STIRLING
71 Sturt Valley Road Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 14 October 11am - 11:30am
TERINGIE
14 Coach House Drive Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au
WALKERVILLE
23 Burlington Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au
5 Bed 4 Bath 2 Car
Contact agent Open: Sun 15 October 11am - 11:30am
5 Bed 2 Bath 2 Car
$2,970,000 Open: Sat 14 October 1pm - 1:30pm
WEST CROYDON
24 Alfred Road Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.24alfred.toop.com.au
3 Bed 2 Bath 3 Car
Contact agent Open: Sun 15 October 1:30pm - 2pm
WEST CROYDON
6A Reynell Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.6areynell.toop.com.au
Contact agent Open: Sun 15 October 9:30am - 10am Auction: Sun 15 October 10am on site
ADELAIDE
Lew Toop
3 Bed 2 Bath 2 Car
Contact agent
0419 888 893 lew.toop@toop.com.au www.vault.toop.com.au
ADELAIDE
Lew Toop 0419 888 893 lew.toop@toop.com.au www.vault.toop.com.au
2 Bed 2 Bath 2 Car
Contact agent
ALLENBY GARDENS
Thomas Crawford
3 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
BLACKWOOD
Alexander Parzis 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
CRAFERS WEST
Anita Hardingham
5 Bed 2 Bath 7 Car
Contact agent
0413 335 706 anita.hardingham@toop.com.au www.vault.toop.com.au
GOODWOOD
Peter McMillan 0417 733 900 peter.mcmillan@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent
HAMPSTEAD GARDENS
Scott Thomson
5 Bed 3 Bath 2 Car
Contact agent
0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
HENLEY BEACH
Lew Toop 0419 888 893 lew.toop@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
KLEMZIG
Sharee Redic
2 Bed 1 Bath 1 Car
Contact agent
0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
MALVERN
Sharee Redic 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
2 Bed 1 Bath 2 Car
Contact agent
MARDEN
Thomas Crawford
2 Bed 1 Bath 1 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
NEW PORT
Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au
1 Bed 1 Bath 1 Car
Contact agent
NEW PORT
Amelia Langhans
2 Bed 2 Bath 2 Car
Contact agent
0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au
NEW PORT
Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.vault.toop.com.au
2 Bed 2 Bath 2 Car
Contact agent
NORWOOD
Sally Cameron
4 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
PARADISE
Alexander Parzis 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
4 Bed 1 Bath 2 Car
Contact agent
PARALOWIE
Scott Thomson
5 Bed 3 Bath 4 Car
Contact agent
0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
PAYNEHAM
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
ROSTREVOR
Alexander Parzis
5 Bed 2 Bath 2 Car
Contact agent
0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
TERINGIE
Alexander Parzis 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
5 Bed 3 Bath 4 Car
Contact agent
TOORAK GARDENS
Sally Cameron
4 Bed 3 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
TUSMORE
Gena Nash 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
2 Bed 1 Bath 1 Car
Contact agent
URRBRAE
Glenn McMillan
2 Bed 1 Bath 1 Car
Contact agent
0476 394 663 glenn.mcmillan@toop.com.au www.vault.toop.com.au
WALLAROO
Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
5 Bed 3 Bath 3 Car
Contact agent