25 January 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
11 Castle Street Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.11castle.toop.com.au
ADELAIDE
10 Vicars Lane Gena Nash 0408 828 415 gena.nash@toop.com.au www.10vicars.toop.com.au
2 Bed 2 Bath 2 Car
Contact agent Open: Sat 27 January 2pm - 2:30pm Auction: Sat 27 January 2:30pm on site
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 27 January 1pm - 1:30pm
ALDINGA BEACH
106 Rowley Road Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.106rowley.toop.com.au
3 Bed 1 Bath 4 Car
Contact agent Open: Sat 27 January 12pm - 12:30pm Auction: Fri 2 February 12:30pm 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: Thu 25 January 5:30pm - 6pm
ATHELSTONE
10 Hakea Avenue Grant Wills 0419 865 829 grant.wills@toop.com.au www.10hakea.toop.com.au
CAMPBELLTOWN
14B Acacia Avenue Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14bacacia.toop.com.au
4 Bed 2 Bath 3 Car
$910,000 Open: Sat 27 January 3pm - 3:30pm Auction: Sat 10 February 1:30pm on site
4 Bed 2 Bath 2 Car
$1,302 Open: Sat 27 January 12pm - 12:30pm
CLEARVIEW
13 Kelway Crescent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.13kelway.toop.com.au
CUMBERLAND PARK
28 Narinna Avenue Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.28narinna.toop.com.au
3 Bed 2 Bath 1 Car
$695,000 - $745,000 Open: Thu 25 January 6:30pm - 7pm
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 27 January 12pm - 12:30pm
FLAGSTAFF HILL
16 Cormorant Avenue Grant Wills 0419 865 829 grant.wills@toop.com.au www.16cormorant.toop.com.au
GILBERTON
6 Bed 2 Bath 8 Car
$1,600,000 - $1,760,000 Open: Sat 27 January 11am - 11:30am
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: Sun 28 January 12pm - 12:30pm
KINGSWOOD
2 / 14 John Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.2-14john.toop.com.au
MAGILL
1A Briant Road Grant Wills 0419 865 829 grant.wills@toop.com.au www.1abriant.toop.com.au
2 Bed 1 Bath 2 Car
Contact agent Open: Thu 25 January 5pm - 5:30pm Auction: Sat 10 February 10:30am on site
4 Bed 3 Bath 3 Car
Contact agent Open: Sat 27 January 1:30pm - 2:15pm Auction: Sat 3 February 10:30am on site
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
$2,700,000 Open: Sat 27 January 1pm - 1:30pm Auction: Sat 3 February 11:30am on site
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 27 January 10am - 10:30am
MOUNT BARKER
26 Pine Valley Parade Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.26pinevalley.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 2 Car
Contact agent Open: Thu 25 January 6:15pm - 6:45pm
1 Bed 1 Bath 1 Car
$370,000 - $380,000 Open: Sat 27 January 2pm - 2:30pm
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: Sun 28 January 1pm - 1:30pm Auction: Sun 28 January 1:30pm on site
3 Bed 1 Bath 1 Car
Contact agent Open: Sat 27 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: Sun 28 January 10:30am - 11am
4 Bed 2 Bath 2 Car
$1,475,000 Open: Sun 28 January 12pm - 12:30pm
O'SULLIVAN BEACH
44 Sullivan Terrace Gena Nash 0408 828 415 gena.nash@toop.com.au www.44sullivan.toop.com.au
PORT MANNUM
119 River Lane James Lindsay 0434 182 351 james.lindsay@toop.com.au www.119river.toop.com.au
3 Bed 1 Bath 14 Car
Contact agent Open: Sun 28 January 12pm - 12:30pm
3 Bed 1 Bath 2 Car
$650,000 Open: Sat 27 January 10am - 10:30am
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
$3,001 Open: Sat 27 January 2pm - 2:30pm
5 Bed 3 Bath 6 Car
$602 Open: Sat 27 January 10:30am - 11am
SEACOMBE HEIGHTS
109 Braeside Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au
ST PETERS
8 Fifth Avenue Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.8fifth.toop.com.au
4 Bed 3 Bath 4 Car
Contact agent Open: Sun 28 January 11am - 11:30am
4 Bed 2 Bath 2 Car
Contact agent Open: Sun 28 January 11am - 11:30am Auction: Sat 3 February 2pm on site
ST PETERS
17 Fifth Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.17fifth.toop.com.au
ST PETERS
43 Seventh Avenue Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.43seventh.toop.com.au
5 Bed 2 Bath 2 Car
Contact agent Open: Sun 28 January 11am - 11:30am
4 Bed 2 Bath 1 Car
Contact agent Open: Sun 28 January 2:30pm - 3pm Auction: Sun 28 January 3pm on site
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: Sun 28 January 4:30pm - 5pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sun 28 January 3:30pm - 4pm
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: Sun 28 January 1:30pm - 2pm
ALDINGA BEACH
Jake Theo
Contact agent
0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
ALLENBY GARDENS
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
BOWDEN
Thomas Crawford
3 Bed 3 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@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 2 Car
Contact agent
BULL CREEK
Thomas Crawford
4 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@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 2 Bath 3 Car
Contact agent
CROYDON PARK
Thomas Crawford
2 Bed 1 Bath 1 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
CROYDON PARK
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 1 Bath 3 Car
Contact agent
CROYDON PARK
Thomas Crawford
3 Bed 1 Bath 1 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
ETHELTON
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
GOLDEN GROVE
Alexander Parzis
3 Bed 2 Bath 3 Car
Contact agent
0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
KINGS PARK
Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
LINDEN PARK
Ryan Yuan
4 Bed 2 Bath 2 Car
Contact agent
0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
MAGILL
Ryan Yuan 0422 429 939 ryan.yuan@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
NORTH ADELAIDE
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent
PAYNEHAM
Ryan Yuan
4 Bed 2 Bath 1 Car
Contact agent
0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
POORAKA
Jake Theo 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
2 Bed 1 Bath 1 Car
Contact agent
ROSE PARK
Ryan Yuan
4 Bed 2 Bath 4 Car
Contact agent
0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
ST PETERS
3 Bed 1 Bath
Sally Cameron
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
ST PETERS
Sally Cameron
4 Bed 2 Bath 2 Car
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
WEST BEACH
Gena Nash 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
6 Bed 3 Bath 7 Car
Contact agent
WILLASTON
Jake Theo
3 Bed 2 Bath 3 Car
Contact agent
0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
WOODVILLE SOUTH
Sharee Redic 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 3 Car
Contact agent