17 November 2023
Adelaide market update with Bronte Manuel Adelaide stock levels have experienced a mild boost through the peak of the spring selling season, but increased availability has done nothing to dull buyer competition. In fact, Adelaide dwelling values remain at record-high levels on the back of consistent and sustained growth. The latest report from property market analyst CoreLogic showed that home values here have risen by 1.3 per cent for the month, 4.2 per cent for the quarter, and 6.5 per cent over the past 12 months. That three-monthly growth rate is the second highest of any capital city, behind Perth’s 4.6 per cent increase. As a result, the median sale price for metropolitan Adelaide has risen to more than $710,000 according to official figures released by the Office for the Valuer-General. By comparison, the median value in December 2019 was just $471,000.
Adelaide dwelling values remain at record-high levels on the back of consistent and sustained growth.
Our team at TOOP+TOOP certainly delivered some powerful results last month. We sold 63 properties over that four-week period at an average price of more than $1.23 million. Significantly, the average days on market for those homes was just 17 days, well under the broader South Australian agency average of 29 days. In simple terms, many of our listings are selling quickly for prices beyond vendor expectations.
While CoreLogic’s recent data indicates a 4.3 per cent rise in new listings for the month, total listings are still down 8.9 per cent compared with the same time last year, reflecting a market that is still grappling with limited supply. Those figures suggest that while sellers are gradually entering the market, the overall inventory has not yet reached the levels needed to ease the competitive tension among buyers. The most recent interest rate rise of 25 basis points may create a level of hesitation with some buyers, but the previous 12 rate rises since May 2022 had a relatively minimal impact on selling conditions. It could be argued, however, that we are approaching a level where affordability issues could slow buyer activity at some price points. As the year draws to a close, we anticipate the market to maintain its current trajectory, with both buyers and sellers keen to finalise deals before the holiday season. The Adelaide property market continues to offer valuable opportunities for discerning investors and homebuyers, with its strong performance indicators and competitive environment.
Overall inventory has not yet reached the levels needed to ease the competitive tension among buyers.
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
BLACKWOOD
16 Bens Place Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.16bens.toop.com.au
3 Bed 2 Bath 4 Car
Contact agent Open: Sun 19 November 1pm - 1:30pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 18 November 1:30pm - 2pm Auction: Sat 9 December 10:30am on site
BLAIR ATHOL
5 / 10 Prince Avenue Cassandra Yeates 0407 871 851 Sharee Redic 0407 722 660 www.5-10prince.toop.com.au
BROMPTON
19 Burley Griffin Boulevard Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.19burleygriffin.toop.com.au
1 Bed 1 Bath 1 Car
Contact agent Open: Sat 18 November 10am - 10:30am
3 Bed 1 Bath 2 Car
Contact agent Open: Sun 19 November 1pm - 1:30pm
BROMPTON
47 Second Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.47second.toop.com.au
BURNSIDE
661 - 663 Greenhill Road Bronte Manuel 0439 828 882 Thomas Crawford 0448 888 816 www.661-663greenhill.toop.com.au
3 Bed 1 Bath 5 Car
Contact agent Open: Sat 18 November 3:15pm - 3:45pm Auction: Sun 19 November 12pm on site
7 Bed 4 Bath 4 Car
Contact agent Open: Sun 19 November 10:30am - 11am
BURNSIDE
39 Royal Avenue Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.39royal.toop.com.au
BURNSIDE
2 / 24 High Street Sally Cameron 0412 915 108 Nadia Covino 0427 003 933 www.2-24high.toop.com.au
4 Bed 3 Bath 2 Car
Contact agent Open: Sun 19 November 11:30am - 12pm
2 Bed 1 Bath 1 Car
$690,000 Open: Sat 18 November 1:15pm - 1:45pm Auction: Sun 3 December 12pm on site
COLLEGE PARK
27A Torrens Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.27atorrens.toop.com.au
CRAFERS WEST
57 Sheoak Road James Lindsay 0434 182 351 Anita Hardingham 0413 335 706 www.57sheoak.toop.com.au
2 Bed 2 Bath 2 Car
Contact agent Open: Sat 18 November 10am - 10:30am Auction: Sun 10 December 9:30am on site
5 Bed 3 Bath 2 Car
Contact agent Open: Sun 19 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
$15 - $165 Open: Sun 19 November 12pm - 12:45pm
4 Bed 2 Bath 4 Car
Contact agent Open: Sat 18 November 1:45pm - 2:15pm
CROYDON PARK
19 Hotchkiss Crescent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.19hotchkiss.toop.com.au
3 Bed 3 Bath 2 Car
Contact agent Open: Sat 18 November 2:30pm - 3pm
DULWICH
287 Greenhill Road Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.287greenhill.toop.com.au
Contact agent Open: Sun 19 November 1:15pm - 1:45pm
EASTWOOD
20 / 220 Greenhill Road Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.20-220greenhill.toop.com.au
GILBERTON
2 Bed 2 Bath 1 Car
$690,000 - $750,000 Open: Sat 18 November 12pm - 12:30pm
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 18 November 11am - 11:30am Auction: Sat 9 December 12pm 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 18 November 1pm - 1:30pm
5 Bed 2 Bath 1 Car
$750,000 - $825,000 Open: Sun 19 November 3pm - 3:30pm
HAWTHORN
14 Jeffrey Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.14jeffrey.toop.com.au
HAWTHORN
24A William Street Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.24awilliam.toop.com.au
5 Bed 3 Bath 2 Car
Contact agent Open: Sat 18 November 1:15pm - 1:45pm Auction: Sat 2 December 1pm on site
3 Bed 2 Bath 2 Car
$1,650,000 Open: Sat 18 November 1:30pm - 2pm
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 18 November 10am - 10:30am
3 Bed 2 Bath 2 Car
$860,000 - $895,000 Open: Sat 18 November 1pm - 1:30pm
LOCKLEYS
26 Rowells Road Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.26rowells.toop.com.au
LOCKLEYS
7 Diosma Crescent Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.7diosma.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 18 November 2pm - 2:30pm Auction: Sun 26 November 12pm on site
3 Bed 1 Bath 3 Car
Contact agent Open: Sat 18 November 1pm - 1:30pm Auction: Sun 3 December 2pm on site
MAGILL
14 Patola Street Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.14patola.toop.com.au
MILE END
19 Lurline Street Thomas Crawford 0448 888 816 Sally Cameron 0412 915 108 www.19lurline.toop.com.au
3 Bed 1 Bath 1 Car
Contact agent Open: Sun 19 November 11:30am - 12pm
5 Bed 2 Bath 4 Car
Contact agent Open: Sun 19 November 11am - 11:30am Auction: Sun 3 December 10am on site
MILE END
18 Rose Street Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.18rose.toop.com.au
NORWOOD
16 William Street Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.16william.toop.com.au
5 Bed 2 Bath
$1,050,000 Open: Sat 18 November 11am - 11:30am Auction: Fri 24 November 11:30am on site
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 18 November 3:30pm - 4pm
PARADISE
35 Hardy Court Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.35hardy.toop.com.au
PARADISE
14C Parkwood Avenue Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14cparkwood.toop.com.au
4 Bed 2 Bath 1 Car
$750,000 Open: Sat 18 November 9:30am - 10am Auction: Sat 18 November 10am on site
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 18 November 12pm - 12:30pm
PARALOWIE
36 Coogee Avenue Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.36coogee.toop.com.au
PROSPECT
48 Braund Road Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.48braund.toop.com.au
5 Bed 3 Bath 4 Car
Contact agent Open: Sat 18 November 11am - 11:45am
3 Bed 1 Bath 1 Car
$980,000 Open: Sat 18 November 10:45am - 11:30am Auction: Sat 18 November 11:30am on site
ROSSLYN PARK
12 Gillard Drive Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.12gillard.toop.com.au
ROYSTON PARK
11 Gilding Avenue Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.11gilding.toop.com.au
6 Bed 3 Bath 2 Car
Contact agent Open: Sat 18 November 12pm - 12:30pm
3 Bed 2 Bath 1 Car
Contact agent Open: Sat 18 November 2:15pm - 2:45pm
SEACOMBE HEIGHTS
109 Braeside Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au
SEMAPHORE PARK
9 Zephyr Grove Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.9zephyr.toop.com.au
4 Bed 3 Bath 4 Car
Contact agent Open: Sat 18 November 12:30pm - 1pm Auction: Sat 2 December 4pm on site
3 Bed 1 Bath 3 Car
Contact agent Open: Sat 18 November 11am - 11:30am Auction: Sun 3 December 2pm on site
STIRLING
71 Sturt Valley Road Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au
TERINGIE
18 Teringie Drive Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.18teringie.toop.com.au
4 Bed 2 Bath 2 Car
$1,600,000 - $1,750,000 Open: Sat 18 November 11am - 11:30am
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 18 November 3pm - 3:30pm
TERINGIE
14 Coach House Drive Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au
TUSMORE
2 / 65 Northumberland Street
5 Bed 4 Bath 2 Car
Contact agent Open: Sat 18 November 4pm - 4:30pm Auction: Sat 2 December 6pm on site
2 Bed 1 Bath 1 Car
$550,000
Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.2-65northumberland.toop.com.au Open: Sat 18 November 11am - 11:30am
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 18 November 2:30pm - 3pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 18 November 12pm - 12:30pm
WALKERVILLE
23 Burlington Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au
WAYVILLE
5 Bed 2 Bath 2 Car
$2,970,000 Open: Sun 19 November 11am - 11:30am
2 Bed 1 Bath 1 Car
1 / 11 Davenport Terrace
$595,000 - $640,000
Grant Wills 0419 865 829 grant.wills@toop.com.au www.1-11davenport.toop.com.au
Open: Sat 18 November 11am - 11:45am
WEST CROYDON
8 Hilda Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.8hilda.toop.com.au
WEST CROYDON
31 Phillip Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.31phillip.toop.com.au
4 Bed 1 Bath 3 Car
Contact agent Open: Sat 18 November 12:15pm - 12:45pm
2 Bed 1 Bath 5 Car
Contact agent Open: Sat 18 November 11am - 11:30am Auction: Sun 19 November 10am on site
WEST HINDMARSH
16 Bond Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.16bond.toop.com.au
WEST LAKES
204 / 13 Banksia Street Debi Zecevich 0412 170 014 debi.zecevich@toop.com.au www.204-13banksia.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent Open: Sat 18 November 12pm - 12:30pm Auction: Thu 30 November 6:30pm on site
2 Bed 2 Bath 1 Car
$730,000 - $760,000 Open: Sat 18 November 12pm - 12:30pm
WESTBOURNE PARK
46 Elmo Avenue Glenn McMillan 0476 394 663 Peter McMillan 0417 733 900 www.46elmo.toop.com.au
WOODVILLE
24 Leslie Street East Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.24lesliestreet.toop.com.au
4 Bed 2 Bath 4 Car
$1,800,000 Open: Sat 18 November 2:30pm - 3:15pm Auction: Sat 2 December 10:30am on site
4 Bed 2 Bath 4 Car
Contact agent Open: Sat 18 November 9:30am - 10am Auction: Sat 18 November 10am on site
ADELAIDE
Lew Toop
2 Bed 2 Bath 2 Car
Contact agent
0419 888 893 lew.toop@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
BROMPTON
Thomas Crawford
3 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@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
GLEN OSMOND
Sally Cameron
5 Bed 3 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
HAY VALLEY
James Lindsay 0434 182 351 james.lindsay@toop.com.au www.vault.toop.com.au
9 Bed 6 Bath 4 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
MARRYATVILLE
Ryan Yuan
3 Bed 2 Bath 1 Car
Contact agent
0422 429 939 ryan.yuan@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
MITCHAM
4 Bed 1 Bath
Grant Wills
Contact agent
0419 865 829 grant.wills@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
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
PROSPECT
Jake Theo
4 Bed 3 Bath 2 Car
Contact agent
0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
RIDLEYTON
Thomas Crawford 0448 888 816 thomas.crawford@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
ROYSTON PARK
Alexander Parzis 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
5 Bed 3 Bath 4 Car
Contact agent
SKYE
Grant Wills
4 Bed 3 Bath 2 Car
Contact agent
0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au
ST PETERS
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
TOORAK GARDENS
Sally Cameron
4 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@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