27 October 2023
Adelaide market update with Bronte Manuel Despite some positive signs, a genuine spike in listing levels has not materialised as we move deep into the spring selling season. While the latest report from property market analyst CoreLogic shows the volume of new listings to hit the market in Adelaide last month grew by 4.7 per cent compared with the same time last year, total listing levels are down 14 per cent year-on-year off an already-low base. It’s fair to say that Adelaide real estate has, in recent years, been defined by a clear trend: dwindling stock levels. Right now, there are fewer than 4300 properties listed on the open market in Adelaide. Roll back to the same time last year, and we had 4548 listings. Rewind another 12 months to 2021, and that number sat at 4990. In 2020, there were 5775 properties on the market. Based on those figures, stock levels have slumped by more than 20 per cent over the past three years.
Adelaide real estate has, in recent years, been defined by a clear trend: dwindling stock levels.
This steady shrinkage in listings year-on-year has sparked significant buyer competition, pushing dwelling values to unprecedented levels. CoreLogic reported that Adelaide dwelling values rose by 1.7 per cent last month, 4.3 per cent for the quarter and 5 per cent over 12 months. That three-monthly figure leads all capital cities, with Brisbane enjoying the second-highest growth rate at 3.9 per cent. The 12-month increase is in line with the national capital city average of 5.1 per cent.
There’s no doubt the scarcity of listings remains a key catalyst for price growth. TOOP+TOOP’s experiences over the past month certainly echo that sentiment. We had more than 2000 attendees through our open inspections last month – and fewer than 50 properties were sold. That’s a clear indication that there are a lot of buyers still searching for the right property. Our team sold 47 properties last month at an average price of $1,223,540, with many homes attracting multiple offers beyond vendor expectations. Digital data was similarly strong, with more than 150,000 unique views of the toop.com.au website and a reach close to 300,000 across our corporate social media channels. Based on recent history, we’d expect the market to continue at a steady pace right through to Christmas, as both buyers and sellers try to complete transactions before the end-of-year holidays.
There’s no doubt the scarcity of listings remains a key catalyst for price growth.
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 28 October 1:30pm - 2pm
1 Bed 1 Bath
Contact agent Open: Sun 29 October 2pm - 2:30pm
ADELAIDE
3002 / 29 Angas Street Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.3002-29angas.toop.com.au
ALLENBY GARDENS
3A White Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.3awhite.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 12pm - 12:30pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 1:45pm - 2:15pm
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
Contact agent Open: Sat 28 October 2pm - 2:30pm
BROMPTON
2 Bed 1 Bath
32 Chief Street
Contact agent
Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.32chief.toop.com.au
Open: Sat 28 October 11:30am - 12pm Auction: Sun 12 November 12pm on site
BROMPTON
60 Second Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.60second.toop.com.au
BURNSIDE
661 - 663 Greenhill Road Bronte Manuel 0439 828 882 Thomas Crawford 0448 888 816 www.661-663greenhill.toop.com.au
2 Bed 1 Bath
Contact agent Open: Sat 28 October 9:30am - 10am Auction: Sat 28 October 10am on site
7 Bed 4 Bath 4 Car
Contact agent Open: Sat 28 October 10am - 10:30am
CROYDON PARK
19 Hotchkiss Crescent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.19hotchkiss.toop.com.au
EASTWOOD
29 / 220 Greenhill Road Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.29-220greenhill.toop.com.au
4 Bed 3 Bath 2 Car
$950,000 Open: Sat 28 October 11:30am - 12pm Auction: Thu 16 November 6pm on site
2 Bed 2 Bath 1 Car
Contact agent Open: Sat 28 October 1:30pm - 2pm
ERINDALE
5 Egmont Terrace Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.5egmont.toop.com.au
GILBERTON
24b James Street Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.24bjames.toop.com.au
4 Bed 2 Bath 2 Car
$3,400,000 - $3,600,000 Open: Sat 28 October 10:30am - 11am Auction: Sat 21 October 12:30pm on site
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 28 October 2pm - 2:30pm Auction: Sat 28 October 2:30pm on site
GLENELG EAST
100 Brighton Road Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.100brighton.toop.com.au
GLENSIDE
2 / 2 Broughton Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.2-2broughton.toop.com.au
2 Bed 1 Bath 4 Car
Contact agent Open: Sat 28 October 11:30am - 12pm
2 Bed 1 Bath 2 Car
$540,000 - $560,000 Open: Sat 28 October 12pm - 12:30pm
GOODWOOD
29 Devon Street North Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.29devonstreet.toop.com.au
GOODWOOD
20 Grace Street Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.20grace.toop.com.au
3 Bed 1 Bath 2 Car
$1,200,000 Open: Sat 28 October 10am - 10:45am Auction: Sat 4 November 2pm on site
2 Bed 1 Bath 3 Car
Contact agent Open: Sat 28 October 2:30pm - 3pm Auction: Sat 28 October 3pm on site
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 28 October 12:30pm - 1pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 11:15am - 11:45am
HAZELWOOD PARK
18 Howard Terrace Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.18howard.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
Contact agent Open: Sat 28 October 10am - 10:30am Auction: Sat 28 October 10:30am on site
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 1pm - 1:30pm
HYDE PARK
44 Park Street Bronte Manuel 0439 828 882 Jessica Crane 0423 207 478 www.44park.toop.com.au
KENSINGTON GARDENS
22 East Terrace Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.22east.toop.com.au
4 Bed 3 Bath 4 Car
Contact agent Open: Sun 29 October 1:30pm - 2pm Auction: Sat 4 November 1:30pm on site
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 1pm - 1:30pm
MYRTLE BANK
2 Bed 1 Bath 1 Car
7 / 22A Cross Road
$580,000 - $630,000
Grant Wills 0419 865 829 grant.wills@toop.com.au www.7-22across.toop.com.au
NORTH ADELAIDE
32 Mann Terrace Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.32mann.toop.com.au
Open: Sat 28 October 11am - 11:30am
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 12:45pm - 1:15pm
NORWOOD
16 William Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.16william.toop.com.au
PARADISE
7 Church Road Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.7church.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 1pm - 1:30pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 11:30am - 12pm Auction: Sat 28 October 12pm on site
PAYNEHAM
40 Arthur Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.40arthur.toop.com.au
ROSSLYN PARK
31 Gordon Terrace Peter McMillan 0417 733 900 Glenn McMillan 0476 394 663 www.31gordon.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 12pm - 12:30pm Auction: Sat 11 November 12:30pm on site
5 Bed 3 Bath 2 Car
$1,800,000 Open: Sat 28 October 12:30pm - 1:15pm Auction: Sat 4 November 11:30am on site
ROSSLYN PARK
23 Coach Road Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.23coach.toop.com.au
ROSTREVOR
13 Morialta Road West Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.13morialtaroad.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 2:30pm - 3pm
5 Bed 2 Bath 4 Car
$1,000,000 Open: Sat 28 October 10am - 10:30am Auction: Sat 4 November 11am on site
ROSTREVOR
23 Yalpara Avenue Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.23yalpara.toop.com.au
ST CLAIR
5 Bed 3 Bath 2 Car
Contact agent Open: Sat 28 October 12pm - 12:30pm
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 28 October 2:45pm - 3:15pm
STIRLING
71 Sturt Valley Road Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au
TERINGIE
14 Coach House Drive Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au
4 Bed 2 Bath 2 Car
$1,600,000 - $1,750,000 Open: Sat 28 October 12pm - 12:30pm
5 Bed 4 Bath 2 Car
Contact agent Open: Sat 28 October 11am - 11:30am
TORRENS PARK
7 Alton Avenue Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.7alton.toop.com.au
WALKERVILLE
23 Burlington Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au
4 Bed 3 Bath 4 Car
Contact agent Open: Sat 28 October 10am - 10:30am
5 Bed 2 Bath 2 Car
$2,970,000 Open: Sat 28 October 12pm - 12:30pm
WOODVILLE GARDENS
16 Seventh Avenue Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.16seventh.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 28 October 12:30pm - 1pm Auction: Sun 5 November 12pm on site
BROMPTON
Thomas Crawford
3 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@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 1 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
BURNSIDE
Gena Nash 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
4 Bed 4 Bath 3 Car
Contact agent
CRAFERS WEST
James Lindsay
5 Bed 3 Bath 2 Car
Contact agent
0434 182 351 james.lindsay@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 2 Bath 4 Car
Contact agent
GREENWITH
Scott Thomson
3 Bed 1 Bath 1 Car
Contact agent
0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
HAMPSTEAD GARDENS
Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
5 Bed 3 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
MILE END
Thomas Crawford
3 Bed 2 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
NORTH PLYMPTON
Thomas Crawford
3 Bed 2 Bath 1 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
NORWOOD
Becky Neale 0417 832 549 becky.neale@toop.com.au www.vault.toop.com.au
4 Bed 3 Bath 2 Car
Contact agent
PARADISE
Alexander Parzis
3 Bed 2 Bath 1 Car
Contact agent
0410 588 633 alexander.parzis@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
PROSPECT
Jake Theo
4 Bed 3 Bath 2 Car
Contact agent
0422 959 650 jake.theo@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
TUSMORE
Gena Nash
2 Bed 1 Bath 1 Car
Contact agent
0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
UNLEY
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
5 Bed 5 Bath 2 Car
Contact agent
WALKERVILLE
Sally Cameron
3 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
WOODVILLE
Thomas Crawford
4 Bed 2 Bath 2 Car
Contact agent
0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
WYNN VALE
Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent