15 December 2023
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
73A South Terrace Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.73asouth.toop.com.au
ADELAIDE
3 Bed 2 Bath 4 Car
Contact agent Open: Sun 17 December 1pm - 1:30pm
1 Bed 1 Bath
519 / 304 Waymouth Street
$139,000 - $149,000
Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.519-304waymouth.toop.com.au
Open: Mon 18 December 9:30am - 10am
BURNSIDE
16A View Street Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.16aview.toop.com.au
BURNSIDE
39 Royal Avenue Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.39royal.toop.com.au
3 Bed 2 Bath 3 Car
Contact agent Open: Sat 16 December 2pm - 2:30pm Auction: Wed 20 December 5:30pm on site
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 16 December 1pm - 1:30pm
CLEARVIEW
13 Kelway Crescent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.13kelway.toop.com.au
CRAFERS WEST
32 Sheoak Road Anita Hardingham 0413 335 706 James Lindsay 0434 182 351 www.32sheoak.toop.com.au
3 Bed 2 Bath 1 Car
$680,000 Open: Sat 16 December 10am - 10:30am Auction: Fri 22 December 6pm on site
5 Bed 2 Bath 6 Car
$1,500,000 - $1,650,000 Open: Sun 17 December 1pm - 1:30pm
DEVON PARK
2B Bolingbroke Avenue Glenn McMillan 0476 394 663 Thomas Crawford 0448 888 816 www.2bbolingbroke.toop.com.au
DULWICH
20 Cleland Avenue Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.20cleland.toop.com.au
4 Bed 1 Bath 3 Car
$725,000 Open: Sat 16 December 3:30pm - 4pm Auction: Sat 16 December 4pm on site
4 Bed 1 Bath 1 Car
$1,200,000 Open: Sat 16 December 12pm - 12:30pm Auction: Sat 16 December 12:45pm on site
DULWICH
18A Cleland Avenue Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.18acleland.toop.com.au
EASTWOOD
16 Elizabeth Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.16elizabeth.toop.com.au
5 Bed 3 Bath 2 Car
$1,700,000 Open: Sat 16 December 12pm - 12:30pm Auction: Sat 16 December 12:30pm on site
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 16 December 10:30am - 11am Auction: Sun 17 December 11am on site
ELIZABETH GROVE
45 Gunther Street Jake Theo 0422 959 650 Vincent Doran 0466 229 880 www.45gunther.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 16 December 2pm - 2:30pm
ETHELTON
3 Bed 2 Bath 2 Car
5 Cowie Street
$700,000 - $770,000
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.5cowie.toop.com.au
Open: Sat 16 December 2pm - 2:30pm
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 16 December 2:30pm - 3pm
GOLDEN GROVE
14 Holborn Court Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.14holborn.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 16 December 11am - 11:30am
HAWTHORN
14 Jeffrey Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.14jeffrey.toop.com.au
HOLDEN HILL
8a McBean Avenue Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.8amcbean.toop.com.au
5 Bed 3 Bath 2 Car
Contact agent Open: Sat 16 December 12:30pm - 1pm
3 Bed 2 Bath 2 Car
$860,000 - $895,000 Open: Sat 16 December 12:30pm - 1pm
KENSINGTON GARDENS
1 / 15 East Terrace Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.1-15east.toop.com.au
KINGSWOOD
17 Cambridge Terrace Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.17cambridge.toop.com.au
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 16 December 10:30am - 11am
4 Bed 2 Bath 1 Car
Contact agent Open: Sat 16 December 3pm - 3:30pm Auction: Sat 16 December 3:30pm on site
MALVERN
167 Fisher Street Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.167fisher.toop.com.au
MITCHELL PARK
6 Burnley Grove James Lindsay 0434 182 351 james.lindsay@toop.com.au www.6burnley.toop.com.au
5 Bed 2 Bath 3 Car
$2,900,000 Open: Sun 17 December 10:30am - 11am
3 Bed 2 Bath 3 Car
Contact agent Open: Sat 16 December 1pm - 1:30pm
NORTHFIELD
263 Hampstead Road Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.263hampstead.toop.com.au
NORWOOD
16 William Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.16william.toop.com.au
4 Bed 2 Bath 4 Car
Contact agent Open: Sat 16 December 11am - 11:30am
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 16 December 1:30pm - 2pm Auction: Wed 20 December 6:30pm on site
NORWOOD
24 Birrell Street Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.24birrell.toop.com.au
PARADISE
15 St Ives Walk Jake Theo 0422 959 650 Vincent Doran 0466 229 880 www.15stives.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent Open: Sat 16 December 12pm - 12:30pm Auction: Sun 17 December 3pm on site
3 Bed 1 Bath 1 Car
Contact agent Open: Sat 16 December 10am - 10:30am Auction: Wed 20 December 6:30pm on site
PARKSIDE
77 Leicester Street Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.77leicester.toop.com.au
RENOWN PARK
224A Torrens Road Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.224atorrens.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent Open: Sat 16 December 11am - 11:30am Auction: Sat 9 December 4pm on site
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 16 December 2pm - 2:30pm
ROSSLYN PARK
12 Gillard Drive Bronte Manuel 0439 828 882 Ryan Yuan 0422 429 939 www.12gillard.toop.com.au
ROYSTON PARK
38 Lambert Road Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.38lambert.toop.com.au
6 Bed 3 Bath 2 Car
Contact agent Open: Sat 16 December 1:30pm - 2pm
5 Bed 3 Bath 6 Car
Contact agent Open: Sat 16 December 10am - 10:30am Auction: Sat 16 December 10:30am on site
SEACOMBE HEIGHTS
109 Braeside Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au
ST CLAIR
4 Bed 3 Bath 4 Car
Contact agent Open: Sat 16 December 11am - 11:30am
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 16 December 3pm - 3:30pm
ST PETERS
17 Fifth Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.17fifth.toop.com.au
TEA TREE GULLY
1 / 31 Rednall Street Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.1-31rednall.toop.com.au
5 Bed 2 Bath 2 Car
Contact agent Open: Fri 15 December 5:30pm - 6pm Auction: Fri 15 December 6pm on site
4 Bed 3 Bath 4 Car
Contact agent Open: Sat 16 December 10:45am - 11:15am
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
TERINGIE
14 Coach House Drive Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au
Open: Sat 16 December 10am - 10:30am
5 Bed 4 Bath 2 Car
Contact agent Open: Sat 16 December 12pm - 12:30pm
TOORAK GARDENS
78 Swaine Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.78swaine.toop.com.au
UNLEY
75 Frederick Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.75frederick.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 16 December 1pm - 1:30pm Auction: Sun 17 December 9:30am on site
5 Bed 5 Bath 2 Car
Contact agent Open: Sat 16 December 11:30am - 12pm
WALKERVILLE
31B Brunswick Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.31bbrunswick.toop.com.au
WALKERVILLE
23 Burlington Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 16 December 2:30pm - 3pm Auction: Tue 19 December 5:30pm on site
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 16 December 11am - 11:30am
WEST CROYDON
2 Marion Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.2marion.toop.com.au
3 Bed 1 Bath 1 Car
$895,000 Open: Sat 16 December 12pm - 12:30pm Auction: Sat 16 December 12:30pm on site
ALLENBY GARDENS
Thomas Crawford
2 Bed 1 Bath 1 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
BRIDGEWATER
Anita Hardingham 0413 335 706 anita.hardingham@toop.com.au www.vault.toop.com.au
Contact agent
CUMBERLAND PARK
Gena Nash
2 Bed 1 Bath 2 Car
Contact agent
0408 828 415 gena.nash@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
FLAGSTAFF HILL
Grant Wills
5 Bed 2 Bath 4 Car
Contact agent
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
FLINDERS PARK
Bronte Manuel 0439 828 882 bronte.manuel@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
GOLDEN GROVE
Scott Thomson
3 Bed 2 Bath 1 Car
Contact agent
0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
KILBURN
Sharee Redic 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
LEABROOK
Sharee Redic
4 Bed 3 Bath 2 Car
Contact agent
0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
MITCHAM
4 Bed 1 Bath
Grant Wills
Contact agent
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
MOUNT BARKER
James Lindsay
3 Bed 1 Bath 3 Car
Contact agent
0434 182 351 james.lindsay@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
4 Bed 2 Bath 2 Car
Contact agent
NORWOOD
Becky Neale
3 Bed 2 Bath 2 Car
Contact agent
0417 832 549 becky.neale@toop.com.au www.vault.toop.com.au
O'SULLIVAN BEACH
Gena Nash 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 14 Car
Contact agent
OAKLANDS PARK
Sharee Redic
3 Bed 2 Bath 2 Car
Contact agent
0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
PORT BROUGHTON
Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.vault.toop.com.au
Contact agent
RIDLEYTON
Thomas Crawford
2 Bed 1 Bath 1 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
ROSSLYN PARK
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 3 Bath 3 Car
Contact agent
ROSTREVOR
Sharee Redic
3 Bed 2 Bath 1 Car
Contact agent
0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
SPRINGTON
Sam Hayes 0438 767 227 sam.hayes@toop.com.au www.vault.toop.com.au
6 Bed 2 Bath 7 Car
Contact agent
ST PETERS
Sally Cameron
4 Bed 2 Bath 1 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
TOORAK GARDENS
Sharee Redic 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
2 Bed 1 Bath 1 Car
Contact agent
URRBRAE
Gena Nash
4 Bed 3 Bath 2 Car
Contact agent
0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
WYNN VALE
Bronte Manuel 0439 828 882 bronte.manuel@toop.com.au www.vault.toop.com.au
5 Bed 2 Bath 2 Car
Contact agent