16 February 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.
For more of these stories visit toop.com.au/blog
ADELAIDE
614 / 15 Vaughan Place Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.614-15vaughan.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 12pm - 12:30pm
ALLENBY GARDENS
2 Bed 1 Bath 1 Car
3 / 2A Morrell Street
$395,000 - $420,000
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.3-2amorrell.toop.com.au
Open: Sat 17 February 4:15pm - 4:45pm
ALLENBY GARDENS
1 / 17 East Avenue Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1-17east.toop.com.au
BOWDEN
127 Drayton Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.127drayton.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 3:30pm - 4pm
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 17 February 2:30pm - 3pm Auction: Sun 18 February 12pm on site
BOWDEN
39 Sixth Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.39sixth.toop.com.au
BROMPTON
104A East Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.104aeast.toop.com.au
3 Bed 3 Bath 2 Car
Contact agent Open: Sat 17 February 3:30pm - 4pm
3 Bed 2 Bath 1 Car
Contact agent Open: Sat 17 February 1:30pm - 2pm
BULL CREEK
807 Bull Creek Road Thomas Crawford 0448 888 816 Bronte Manuel 0439 828 882 www.807bullcreek.toop.com.au
CROYDON
7 Scotia Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.7scotia.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sun 18 February 12:15pm - 12:45pm
4 Bed 2 Bath 3 Car
Contact agent Open: Sat 17 February 11:30am - 12pm
CROYDON
1 Thomas Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1thomas.toop.com.au
FINDON
2 / 10 Richard Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.2-10richard.toop.com.au
5 Bed 2 Bath 4 Car
Contact agent Open: Sat 17 February 12:30pm - 1pm
3 Bed 1 Bath 2 Car
Contact agent Open: Sat 17 February 9:30am - 10am Auction: Sun 18 February 10am on site
FLINDERS PARK
50 Belgrave Avenue Vincent Doran 0466 229 880 Bronte Manuel 0439 828 882 www.50belgrave.toop.com.au
GILBERTON
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 10:30am - 11am
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 17 February 10am - 10:30am Auction: Sat 17 February 10:30am on site
GOLDEN GROVE
12 Crowhurst Street Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.12crowhurst.toop.com.au
HIGHGATE
6 Invergowrie Avenue Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.6invergowrie.toop.com.au
3 Bed 2 Bath 3 Car
Contact agent Open: Sat 17 February 10am - 10:30am
4 Bed 2 Bath 7 Car
$1,650,000 Open: Sat 17 February 1:15pm - 2pm Auction: Sat 2 March 12pm on site
KLEMZIG
4 / 4 Yaralin Avenue Debi Zecevich 0412 170 014 debi.zecevich@toop.com.au www.4-4yaralin.toop.com.au
LEABROOK
16A Philip Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.16aphilip.toop.com.au
2 Bed 1 Bath 1 Car
$350,000 - $380,000 Open: Sat 17 February 3pm - 3:30pm
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 17 February 10:45am - 11:15am
LINDEN PARK
41A Beatty Street Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.41abeatty.toop.com.au
MAGILL
2 La Perouse Avenue Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.2laperouse.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 12pm - 12:45pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 10:45am - 11:30am
MARRYATVILLE
28A Dudley Road Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.28adudley.toop.com.au
MITCHAM
9 Waverley Street Glenn McMillan 0476 394 663 Peter McMillan 0417 733 900 www.9waverley.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 1:30pm - 2pm Auction: Sat 24 February 12pm on site
4 Bed 2 Bath 2 Car
$1,550,000 Open: Sat 17 February 10am - 10:30am Auction: Sat 24 February 1pm on site
MITCHAM
26 Waverley Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.26waverley.toop.com.au
MOUNT BARKER
26 Pine Valley Parade Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.26pinevalley.toop.com.au
3 Bed 1 Bath 3 Car
Contact agent Open: Sat 17 February 12pm - 12:30pm Auction: Sat 24 February 3:30pm on site
5 Bed 2 Bath 2 Car
Contact agent Open: Sun 18 February 11am - 11:30am
MOUNT BARKER
62 Alexandrina Road James Lindsay 0434 182 351 james.lindsay@toop.com.au www.62alexandrina.toop.com.au
NEW PORT
601 / 1 Tarni Court Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.601-1tarni.toop.com.au
3 Bed 1 Bath 4 Car
Contact agent Open: Sun 18 February 11am - 11:30am
1 Bed 1 Bath 1 Car
Contact agent Open: Sat 17 February 2:45pm - 3:15pm
NORTH ADELAIDE
181 Gover Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.181gover.toop.com.au
NORWOOD
6 Willis Street Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.6willis.toop.com.au
3 Bed 1 Bath
Contact agent Open: Sat 17 February 9am - 9:30am Auction: Sat 24 February 10:30am on site
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 17 February 12pm - 12:30pm
OAKLANDS PARK
79A Bombay Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79abombay.toop.com.au
PARADISE
14B Parkwood Avenue Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14bparkwood.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 4pm - 4:30pm
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 17 February 11:30am - 12pm
PAYNEHAM
8A Arthur Street Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.8aarthur.toop.com.au
PLYMPTON
4 Bed 2 Bath 1 Car
Contact agent Open: Sat 17 February 2:30pm - 3pm
2 Bed 1 Bath 1 Car
8 / 197 Anzac Highway
Contact agent
Gena Nash 0408 828 415 gena.nash@toop.com.au www.8-197anzac.toop.com.au
Open: Sat 17 February 1:30pm - 2pm
PROSPECT
71 Albert Street Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.71albert.toop.com.au
RENOWN PARK
162 Torrens Road Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.162torrens.toop.com.au
4 Bed 2 Bath 5 Car
Contact agent Open: Sat 17 February 10:30am - 11am
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 12:30pm - 1pm
RIDLEYTON
1 / 177 Torrens Road Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1-177torrens.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 1 Car
Contact agent Open: Sat 17 February 1:30pm - 2pm
6 Bed 3 Bath 2 Car
Contact agent Open: Sat 17 February 10am - 10:30am
SEACOMBE HEIGHTS
109 Braeside Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au
SOUTH PLYMPTON
10 Ayre Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.10ayre.toop.com.au
4 Bed 3 Bath 4 Car
$1,650,000 Open: Sat 17 February 5pm - 5:30pm
2 Bed 1 Bath
Contact agent Open: Sat 17 February 1pm - 1:30pm Auction: Sat 2 March 10:30am on site
ST CLAIR
21 Pyers Street Debi Zecevich 0412 170 014 debi.zecevich@toop.com.au www.21pyers.toop.com.au
ST PETERS
17 Fifth Avenue Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.17fifth.toop.com.au
3 Bed 2 Bath 2 Car
$670,000 - $685,000 Open: Sun 18 February 1:30pm - 2pm
5 Bed 2 Bath 2 Car
Contact agent Open: Sun 18 February 10:30am - 11am
ST PETERS
25 Sixth Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.25sixth.toop.com.au
ST PETERS
8 Fifth Avenue Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.8fifth.toop.com.au
3 Bed 1 Bath
Contact agent Open: Sun 18 February 11:30am - 12pm Auction: Sat 2 March 12:30pm on site
4 Bed 2 Bath 2 Car
Contact agent Open: Sun 18 February 10:30am - 11am Auction: Sun 3 March 1:30pm on site
STIRLING
71 Sturt Valley Road Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au
TEA TREE GULLY
1 / 10 Elizabeth Street Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.1-10elizabeth.toop.com.au
4 Bed 2 Bath 2 Car
$1,600,000 - $1,750,000 Open: Sat 17 February 11am - 11:30am
3 Bed 1 Bath 1 Car
Contact agent Open: Sat 17 February 11am - 11:30am
TERINGIE
14 Coach House Drive Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au
UNLEY
75 Frederick Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.75frederick.toop.com.au
5 Bed 4 Bath 2 Car
Contact agent Open: Sat 17 February 12:30pm - 1pm
4 Bed 5 Bath 2 Car
Contact agent Open: Sat 17 February 2pm - 2:30pm Auction: Sat 2 March 2:30pm on site
WALKERVILLE
31B Brunswick Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.31bbrunswick.toop.com.au
WATTLE PARK
23 Gordo Avenue Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.23gordo.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 17 February 3:15pm - 3:45pm
4 Bed 2 Bath 1 Car
Contact agent Open: Sat 17 February 12pm - 12:30pm Auction: Sat 17 February 12:30pm on site
WEST BEACH
104 Seaview Road Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.104seaview.toop.com.au
WEST BEACH
5 / 8 West Beach Road Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.5-8westbeach.toop.com.au
6 Bed 3 Bath 6 Car
Contact agent Open: Sat 17 February 12pm - 12:30pm
2 Bed 2 Bath 1 Car
Contact agent Open: Sun 18 February 1:15pm - 1:45pm
WOODVILLE SOUTH
9 Wharfe Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.9wharfe.toop.com.au
4 Bed 2 Bath 3 Car
Contact agent Open: Sat 17 February 1:15pm - 1:45pm Auction: Sat 24 February 12pm on site
BEULAH PARK
Sally Cameron
4 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@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 2 Car
Contact agent
COROMANDEL VALLEY
Grant Wills
4 Bed 2 Bath 2 Car
Contact agent
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
CROYDON
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
4 Bed 1 Bath 1 Car
Contact agent
CROYDON PARK
Thomas Crawford
3 Bed 1 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
FREWVILLE
Grant Wills 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
GLENSIDE
Grant Wills
5 Bed 2 Bath 2 Car
Contact agent
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
GLENSIDE
Grant Wills 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent
HIGHBURY
Sharee Redic
3 Bed 3 Bath 4 Car
Contact agent
0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
LEABROOK
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
6 Bed 4 Bath 2 Car
Contact agent
LIGHTSVIEW
Thomas Crawford
4 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
MYRTLE BANK
Lew Toop 0419 888 893 lew.toop@toop.com.au www.vault.toop.com.au
5 Bed 2 Bath 4 Car
Contact agent
NAILSWORTH
Sharee Redic
4 Bed 2 Bath 2 Car
Contact agent
0407 722 660 sharee.redic@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
PASADENA
Gena Nash
4 Bed 2 Bath 7 Car
Contact agent
0408 828 415 gena.nash@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
5 Bed 2 Bath 2 Car
Contact agent
ROSTREVOR
Alexander Parzis
4 Bed 2 Bath 2 Car
Contact agent
0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
ST GEORGES
Grant Wills 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
STONYFELL
Sally Cameron
4 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
TANUNDA
Sam Hayes 0438 767 227 sam.hayes@toop.com.au www.vault.toop.com.au
6 Bed 3 Bath 18 Car
Contact agent
VERDUN
James Lindsay
4 Bed 2 Bath 2 Car
Contact agent
0434 182 351 james.lindsay@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 2 Bath 1 Car
Contact agent
WEST HINDMARSH
Thomas Crawford
3 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
WILLASTON
Jake Theo 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 3 Car
Contact agent