2 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
10 Vicars Lane Gena Nash 0408 828 415 gena.nash@toop.com.au www.10vicars.toop.com.au
ALDINGA BEACH
106 Rowley Road Amelia Langhans 0422 125 242 amelia.langhans@toop.com.au www.106rowley.toop.com.au
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 3 February 1pm - 1:30pm
3 Bed 1 Bath 4 Car
Contact agent Open: Fri 2 February 12pm - 12:30pm Auction: Fri 2 February 12:30pm on site
ALLENBY GARDENS
1 / 17 East Avenue Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1-17east.toop.com.au
ATHELSTONE
10 Hakea Avenue Grant Wills 0419 865 829 grant.wills@toop.com.au www.10hakea.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 3pm - 3:30pm
4 Bed 2 Bath 3 Car
$910,000 Open: Sat 3 February 12:30pm - 1pm Auction: Sat 10 February 1:30pm on site
BOWDEN
127 Drayton Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.127drayton.toop.com.au
BROMPTON
104A East Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.104aeast.toop.com.au
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 3 February 12:30pm - 1pm Auction: Sun 18 February 12pm on site
3 Bed 2 Bath 1 Car
Contact agent Open: Sat 3 February 11:45am - 12:15pm
BULL CREEK
807 Bull Creek Road Thomas Crawford 0448 888 816 Bronte Manuel 0439 828 882 www.807bullcreek.toop.com.au
BURNSIDE
661 - 663 Greenhill Road Bronte Manuel 0439 828 882 Thomas Crawford 0448 888 816 www.661-663greenhill.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sun 4 February 11am - 11:30am
7 Bed 4 Bath 4 Car
Contact agent Open: Sat 3 February 12:30pm - 1pm Auction: Wed 13 December 6pm on site
CAMPBELLTOWN
14B Acacia Avenue Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14bacacia.toop.com.au
CLEARVIEW
13 Kelway Crescent Vincent Doran 0466 229 880 Thomas Crawford 0448 888 816 www.13kelway.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 10:15am - 10:45am Auction: Sat 10 February 3pm on site
3 Bed 2 Bath 1 Car
$650,000 Open: Sat 3 February 10:30am - 11am Auction: Sun 11 February 11am on site
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 3 February 3pm - 3:30pm
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 3 February 12:45pm - 1:15pm 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
KINGSWOOD
2 / 14 John Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.2-14john.toop.com.au
3 Bed 2 Bath 3 Car
Contact agent Open: Sat 3 February 11:30am - 12pm
2 Bed 1 Bath 2 Car
Contact agent Open: Sat 3 February 1:45pm - 2:15pm Auction: Sat 10 February 10:30am on site
LEABROOK
16A Philip Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.16aphilip.toop.com.au
MAGILL
1A Briant Road Grant Wills 0419 865 829 grant.wills@toop.com.au www.1abriant.toop.com.au
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 3 February 1:30pm - 2pm
4 Bed 3 Bath 3 Car
Contact agent Open: Sat 3 February 10am - 10:30am Auction: Sat 3 February 10:30am on site
MARLESTON
11A Allington Avenue Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.11aallington.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 2 Bath 1 Car
$750,000 - $780,000 Open: Sat 3 February 2pm - 2:45pm
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 3:30pm - 4pm
NORWOOD
16 William Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.16william.toop.com.au
NORWOOD
3 / 1 Stephen Street Becky Neale 0417 832 549 becky.neale@toop.com.au www.3-1stephen.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 10:30am - 11am
3 Bed 2 Bath 2 Car
$1,150,000 - $1,200,000 Open: Sat 3 February 11:30am - 12pm
OAKLANDS PARK
79A Bombay Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79abombay.toop.com.au
O'SULLIVAN BEACH
44 Sullivan Terrace Gena Nash 0408 828 415 gena.nash@toop.com.au www.44sullivan.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 12pm - 12:30pm
3 Bed 1 Bath 14 Car
Contact agent Open: Sat 3 February 10:30am - 11am
PARADISE
14B Parkwood Avenue Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14bparkwood.toop.com.au
PAYNEHAM
8A Arthur Street Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.8aarthur.toop.com.au
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 3 February 9:30am - 10am
4 Bed 2 Bath 1 Car
Contact agent Open: Sat 3 February 11am - 11:45am
PROSPECT
86 Gordon Road Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.86gordon.toop.com.au
PROSPECT
71 Albert Street Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.71albert.toop.com.au
5 Bed 3 Bath 6 Car
Contact agent Open: Sat 3 February 2pm - 2:30pm
4 Bed 2 Bath 5 Car
Contact agent Open: Sat 3 February 1:15pm - 1:45pm
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 3 February 11am - 11:30am
6 Bed 3 Bath 2 Car
Contact agent Open: Sat 3 February 12:30pm - 1pm
ROYSTON PARK
38 Lambert Road Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.38lambert.toop.com.au
SEACOMBE HEIGHTS
109 Braeside Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au
5 Bed 3 Bath 6 Car
Contact agent Open: Sat 3 February 2:30pm - 3pm
4 Bed 3 Bath 4 Car
$1,650,000 Open: Sat 3 February 11am - 11:30am
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
$675,000 - $700,000 Open: Sat 3 February 12pm - 12:30pm
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 2:30pm - 3pm
ST PETERS
8 Fifth Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.8fifth.toop.com.au
STIRLING
71 Sturt Valley Road Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.71sturtvalley.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 1:30pm - 2pm Auction: Sat 3 February 2pm on site
4 Bed 2 Bath 2 Car
$1,600,000 Open: Sat 3 February 11am - 11:30am
UNLEY
75 Frederick Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.75frederick.toop.com.au
WALKERVILLE
23 Burlington Street Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.23burlington.toop.com.au
5 Bed 5 Bath 2 Car
Contact agent Open: Sat 3 February 4:30pm - 5pm
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 2:30pm - 3pm
WALKERVILLE
31B Brunswick Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.31bbrunswick.toop.com.au
WALKERVILLE
130E North East Road Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.130enortheast.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 11:45am - 12:15pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 3 February 11:45am - 12:15pm
WATTLE PARK
23 Gordo Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.23gordo.toop.com.au
4 Bed 2 Bath 1 Car
Contact agent Open: Sat 3 February 10:30am - 11am Auction: Sat 17 February 12:30pm on site
ADELAIDE
Sharee Redic
3 Bed 2 Bath 2 Car
Contact agent
0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au
ALDINGA BEACH
Jake Theo 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
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
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
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
MITCHAM
Glenn McMillan 0476 394 663 glenn.mcmillan@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 1 Car
Contact agent
MYRTLE BANK
Gena Nash
3 Bed 2 Bath 2 Car
Contact agent
0408 828 415 gena.nash@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
Jake Theo
1 Bed 1 Bath 1 Car
Contact agent
0422 959 650 jake.theo@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 1 Bath
Contact agent
NORWOOD
Jordan Begley
3 Bed 2 Bath 2 Car
Contact agent
0410 289 240 jordan.begley@toop.com.au www.vault.toop.com.au
PASADENA
Gena Nash 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 7 Car
Contact agent
POORAKA
Jake Theo
2 Bed 1 Bath 1 Car
Contact agent
0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
ROSE PARK
Ryan Yuan 0422 429 939 ryan.yuan@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 4 Car
Contact agent
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 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
VALLEY VIEW
Scott Thomson
3 Bed 2 Bath 1 Car
Contact agent
0414 427 427 scott.thomson@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