9 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
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 10 February 12pm - 12:30pm
4 Bed 2 Bath 3 Car
$910,000 Open: Sat 10 February 1pm - 1:30pm 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: Sun 11 February 11am - 11:30am Auction: Sun 18 February 12pm on site
3 Bed 2 Bath 1 Car
Contact agent Open: Sat 10 February 1pm - 1:30pm
BULL CREEK
807 Bull Creek Road Thomas Crawford 0448 888 816 Bronte Manuel 0439 828 882 www.807bullcreek.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 2 Car
Contact agent Open: Sun 11 February 11am - 11:30am
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 10 February 2:30pm - 3pm Auction: Sat 10 February 3pm on site
FINDON
2 / 10 Richard Street Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.2-10richard.toop.com.au
FULHAM GARDENS
5 Dorset Avenue Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.5dorset.toop.com.au
3 Bed 1 Bath 2 Car
Contact agent Open: Sun 11 February 10am - 10:30am Auction: Sun 18 February 10am on site
3 Bed 1 Bath 6 Car
Contact agent Open: Sat 10 February 2:15pm - 2:45pm Auction: Sat 24 February 10am on site
GILBERTON
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 10 February 12pm - 12:30pm 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
3 Bed 2 Bath 3 Car
Contact agent Open: Sat 10 February 11am - 11:30am
KINGSWOOD
2 / 14 John Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.2-14john.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 2 Car
Contact agent Open: Sat 10 February 10am - 10:30am Auction: Sat 10 February 10:30am on site
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 10 February 2:30pm - 3pm
MARLESTON
11A Allington Avenue Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.11aallington.toop.com.au
MARRYATVILLE
28A Dudley Road Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.28adudley.toop.com.au
3 Bed 2 Bath 1 Car
$750,000 - $780,000 Open: Sat 10 February 2pm - 2:30pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 10 February 11:30am - 12pm Auction: Sat 24 February 12pm on site
MITCHAM
9 Waverley Street Glenn McMillan 0476 394 663 Peter McMillan 0417 733 900 www.9waverley.toop.com.au
MITCHAM
26 Waverley Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.26waverley.toop.com.au
4 Bed 2 Bath 2 Car
$1,550,000 Open: Sat 10 February 10am - 10:30am Auction: Sat 24 February 1pm on site
3 Bed 1 Bath 3 Car
Contact agent Open: Sat 10 February 3:30pm - 4pm Auction: Sat 24 February 3:30pm on site
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 10 February 2:30pm - 3pm Auction: Sat 24 February 10:30am on site
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 10 February 12pm - 12:45pm
NORWOOD
3 / 67 Queen Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.3-67queen.toop.com.au
NORWOOD
3 / 1 Stephen Street Becky Neale 0417 832 549 becky.neale@toop.com.au www.3-1stephen.toop.com.au
2 Bed 1 Bath 1 Car
$580,000 - $625,000 Open: Sat 10 February 9am - 9:30am
3 Bed 2 Bath 2 Car
$1,150,000 - $1,200,000 Open: Sat 10 February 11am - 11:30am
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 10 February 1:15pm - 1:45pm
4 Bed 3 Bath 2 Car
Contact agent Open: Sat 10 February 1:30pm - 2pm
PAYNEHAM
8A Arthur Street Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.8aarthur.toop.com.au
PROSPECT
71 Albert Street Jake Theo 0422 959 650 Thomas Crawford 0448 888 816 www.71albert.toop.com.au
4 Bed 2 Bath 1 Car
Contact agent Open: Sat 10 February 12:45pm - 1:15pm
4 Bed 2 Bath 5 Car
Contact agent Open: Sat 10 February 10am - 10:30am
RENOWN PARK
162 Torrens Road Thomas Crawford 0448 888 816 Jake Theo 0422 959 650 www.162torrens.toop.com.au
RIDLEYTON
1 / 177 Torrens Road Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.1-177torrens.toop.com.au
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 10 February 2pm - 2:30pm
3 Bed 1 Bath 1 Car
Contact agent Open: Sat 10 February 11am - 11:30am
ROSSLYN PARK
12 Gillard Drive Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.12gillard.toop.com.au
SEACOMBE HEIGHTS
109 Braeside Avenue Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au
6 Bed 3 Bath 2 Car
Contact agent Open: Sat 10 February 10:30am - 11am
4 Bed 3 Bath 4 Car
$1,650,000 Open: Sat 10 February 12:15pm - 12:45pm
SOUTH PLYMPTON
10 Ayre Street Grant Wills 0419 865 829 grant.wills@toop.com.au www.10ayre.toop.com.au
ST CLAIR
21 Pyers Street Debi Zecevich 0412 170 014 debi.zecevich@toop.com.au www.21pyers.toop.com.au
2 Bed 1 Bath
Contact agent Open: Sat 10 February 4:30pm - 5pm Auction: Sat 2 March 10:30am on site
3 Bed 2 Bath 2 Car
$675,000 - $700,000 Open: Sat 10 February 12pm - 12:30pm
ST PETERS
17 Fifth Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.17fifth.toop.com.au
ST PETERS
8 Fifth Avenue Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.8fifth.toop.com.au
5 Bed 2 Bath 2 Car
Contact agent Open: Sat 10 February 1:30pm - 2pm
4 Bed 2 Bath 2 Car
Contact agent Open: Sat 10 February 1pm - 1:30pm
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 10 February 10:30am - 11am
5 Bed 4 Bath 2 Car
Contact agent Open: Sat 10 February 4:30pm - 5pm
UNLEY
75 Frederick Street Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.75frederick.toop.com.au
VALLEY VIEW
3C Penelope Avenue Scott Thomson 0414 427 427 Grant Wills 0419 865 829 www.3cpenelope.toop.com.au
4 Bed 5 Bath 2 Car
Contact agent Open: Sat 10 February 10:30am - 11am Auction: Sat 2 March 2:30pm on site
3 Bed 2 Bath 1 Car
Contact agent Open: Sat 10 February 11am - 11:30am
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 10 February 11:30am - 12pm
3 Bed 2 Bath 2 Car
Contact agent Open: Sat 10 February 3:30pm - 4pm
WATTLE PARK
23 Gordo Avenue Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.23gordo.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
4 Bed 2 Bath 1 Car
Contact agent Open: Sat 10 February 9:30am - 10am Auction: Sat 17 February 12:30pm on site
2 Bed 2 Bath 1 Car
Contact agent Open: Sat 10 February 3:15pm - 3:45pm
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 10 February 11am - 11:30am Auction: Sat 24 February 12pm 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
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
BOWDEN
Thomas Crawford 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au
3 Bed 3 Bath 2 Car
Contact agent
CROYDON
Thomas Crawford
4 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
2 Bed 1 Bath 1 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
KINGS PARK
Jordan Begley
3 Bed 2 Bath 2 Car
Contact agent
0410 289 240 jordan.begley@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
Gena Nash 0408 828 415 gena.nash@toop.com.au www.vault.toop.com.au
3 Bed 2 Bath 2 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
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
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
ROSSLYN PARK
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 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
ST PETERS
3 Bed 1 Bath
Sally Cameron
Contact agent
0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
STONYFELL
Sally Cameron 0412 915 108 sally.cameron@toop.com.au www.vault.toop.com.au
4 Bed 2 Bath 2 Car
Contact agent
WEST BEACH
Gena Nash
6 Bed 3 Bath 7 Car
Contact agent
0408 828 415 gena.nash@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