Thursday, January 18, 2018

Our state on show for the Tour Down Under!


It's a busy time in Adelaide right now as this week marks the start of Australia's premier cycling event, The Santos Tour Down Under. 

The Santos Tour Down Under is the largest and most prestigious cycling event in the southern hemisphere. Bringing tens of thousands of visitors to South Australia each year, it strengthens our state's international profile through extensive media coverage and makes a major contribution to the local economy. Last year, the event attracted record numbers with more than 840,000 spectators, and more than 43,000 
visiting the state specifically to attend the event.

How does this impact our world of real estate? It means that this month our state is on show to the world! The Tour passes through more than 55 of our state's metropolitan suburbs and country towns including Norwood, Unley, Lyndoch, Norton Summit, Stirling, Aldinga and Victor Harbor. 

Watching The Tour from various locations around South Australia or riding the streets themselves, interstate and international investors are able to see first-hand the type of lifestyle that is on offer in Adelaide, which quickly translates into the value of our local property market. 

We often hear conversations start off as hypothetical 'what ifs' and then turn into a serious search for property in Adelaide. We see an influx of guests from our eastern states, and the natural conversations during these events lead to comparing what you can buy here in Adelaide for the same money in Melbourne or Sydney. 

Metre for metre, and location for location - the value for money in Adelaide is incomparable to other cities. This coupled with the event buzz, suburb street parties and a New Year, it can often be the catalyst for many to take action to make a move or to start or add to their property portfolio. 

Adelaide's stable property returns and consistent growth make our city an attractive market for those investors that are more risk-adverse. According to a recent report by CoreLogic, Adelaide is bucking a nationwide fall in property values over the past quarter, with our market actually growing over the same time period. Adelaide has a strong track record of steady growth and property experts are reporting our city to remain as one of the best buys this year. 

With our state's huge investment into the Royal Adelaide Hospital last year, major transport system upgrades and an influx of fantastic international events such as The Tour Down Under, there has never been a better time to grow a property portfolio. And for those who are looking to divest property, now is the time to make the most of these market conditions and put your home on the market to capture this interest. 

If you would like to know more about property management, getting your property ready for sale, or what areas are currently in demand with local, national and international investors we would love to help. Please feel free to give myself or one of our team a call today and we'll talk you through how you can make the most of 
the current property market!


Thursday, January 11, 2018

Make your rental property stand out from the pack!




Can you believe we are already heading into mid-January? Right now is a busy period for renters and the race is on to secure quality tenants for your property. This is the key to minimising your investment risk. 

The first step is understanding tenants' needs and ensuring your property remains attractive and achieves premium rents. Especially when there is a lot to choose from. 

Across our five leasing hubs, we see first-hand what tenants are looking for. The key items are: air conditioning, built-in robes, a dishwasher, onsite car parking and a gas cook top. Ensuring your property has some (or ideally all) of these items will make your property stand out to prospective tenants.

The second is having a strategic marketing plan for your property. If done correctly, a marketing campaign will not only attract the largest number of quality tenants to your property (as opposed to the investor's property down the road) but will also help reduce downtime, ultimately adding to your bottom line.

At Toop&Toop we are passionate about property marketing and the positive impact it has on achieving exceptional results for our clients - both in Sales and Property Management.

And here's why...

Our team recently launched a property in College Park with a marketing spend of $1,400. The leasing agent received a number of strong applications. The property was leased after being on the market for just 12 days, and achieved a rental amount of $1,500 per week, well above the owner's expectations! With an industry time on market of 40 days, the reduced vacancy time was a saving of $6,000 to our landlord.

Investing in effective marketing campaigns can be a new way of thinking for many landlords but we've seen the results. The return on investment is higher for those who do, and a strategic approach to property marketing is proving to add dollars to investor's bottom line, not subtracting from it.

For Toop&Toop landlords, we have the best global tools in property marketing at our fingertips. ToopCreate offers landlords high quality professional photography, 3D floorplans and even the ability for tenants to visualise a home before moving in. 

ToopCreate gives tenants the power to digitally furnish and decorate their perfect living space online too. Tenants can drag and drop furniture onto an interactive and dynamic floor plan, giving them the ability to start planning where their couch will go, or confirm that their queen-size bed will fit in the third bedroom... all before actually attending an open inspection!

If you want to make your rental property stand out this January, be sure to give one of our team a call today, because investing in the right marketing tools can drastically reduce your downtime and add to your back pocket.


Thursday, January 04, 2018

Goodbye 2017, Hello 2018!





















We have launched into 2018 and it's looking to be another exciting year for real estate! 

A new year always sparks some of the big real estate questions... What are the predictions for our property market? How will Adelaide perform compared to the rest of Australia? Where are the hot spots going to be? And, has the market peaked?

The great news for South Australia is that after years of steady growth, Adelaide's property market is set to take it up a notch. Research experts have predicted house price growths of up to nine per cent in 2018, a four per cent increase from last year. Figures show that other capital cities have passed their peak while Adelaide continues to be the steady performer with plenty of upside in terms of value for money.

Despite the predicted price increase in South Australia, it is still a place of opportunity and one of the more affordable states in the country. SA's affordability index (37.3) remains above the Australian average of 31.8 index points, suggesting SA still holds its place as an attractive option for interstate investors.

Last year Adelaide received significant media attention and was recognised nationally for our excellent investment conditions. Suburbs such as North Adelaide, Walkerville, Semaphore, Prospect, Belair, Woodville South, Fullarton, Somerton Park, and Crafers, were the city's top performers, recording double-digit growth in their median house prices in the past 12 months. We expect to see an even larger number of interstate investors looking to our city in 2018. This is fantastic news for Adelaide sellers and provides assurance when making such important decisions.

On the ground Team Toop are seeing continual signs of confident buyers. The momentum we experienced in December has seamlessly flowed into the new year, with our buyer enquiry staying strong over the holiday period. We have been receiving enquiry from new buyers entering the market, as well as existing buyers who are keen to resume their property search. They have experienced the lack of stock currently available in Adelaide, and how this has made purchasing a property very competitive, and are eager to secure a property as soon as possible. Local developers and interstate investors are still showing strong interest, and we are also seeing an influx of interstate executives relocating to Adelaide entering both the sale and rental markets. 

This week our team has been busy meeting home owners who are either looking to take advantage of this current buyer demand, or who would like more information about their particular suburb, and insights into exactly what this spotlight on Adelaide means for their home, and its potential value.

We love real estate, we love our city and we are excited about Adelaide property in 2018. January is a fantastic time for real estate. Buying conditions are great, and people have more time to explore and search for homes during the holiday break. While many are still in holiday mode, Team Toop are well and truly back into it, and we look forward to meeting you at our open inspections soon!


Thursday, December 21, 2017

Toop&Toop’s Top 10 sales for 2017

As 2017 comes to a close, Team Toop has been reflecting on what an amazing year it has been, a year full of milestones, achievements and successes. We wanted to share with you our most memorable sales from 2017! It’s exciting to look back at these beautiful properties and stories that came with each sale.


#10 - 45 Queen Street | Norwood
Sales Partner: Bronte Manuel
4 Bedrooms – 3 Bathrooms – 2 Car
This superb ultra-modern 4-bedroom home stands proudly among other quality homes, and sets a new benchmark in design excellence and outstanding street appeal.
See more at: http://www.toop.com.au/details_sold.asp?id=19873


#9 - 49A Westall Street | Unley Park
Sales Partner: Lew Toop
4 Bedrooms – 3 Bathrooms – 2 Car – Swimming Pool
One of Unley Park’s original 1850’s cottages, this environmental friendly and completely self-sufficient home has been lovingly renovated to the highest quality while maintaining its original features. This spectacular property sold off market through ToopVault.


#8 - 341 Glynburn Road | Kensington Park
Sales Partner: Kay Morris
5 Bedrooms – 4 Bathrooms – 6 Car – Swimming Pool – Tennis Court
Designed foremost for functional living and entertaining this Kensington Park home is a real Gem, impressing from the glorious landscaped front garden all the way through to the rear entertaining pavilion that overlooks the tennis court and in ground swimming pool.
See more at: http://www.toop.com.au/details_sold.asp?id=19641


#7 - 12 Trevorten Avenue | Glenunga
Sales Partner: Grant Wills
5 Bedrooms – 3 Bathrooms – 3 Car – Swimming Pool
Built on a grand scale to a custom architectural inspired design for maximum functionality, this home combines accommodation and lifestyle.
See more at: http://www.toop.com.au/details_sold.asp?id=19888


#6. - 1B Victoria Avenue | Unley Park
Sales Partner: Tim Thredgold
3 Bedrooms – 3 Bathrooms – 2 Car – Swimming Pool
Set on arguably Adelaide’s most prestigious street Victoria Avenue, this dream home showcases its Victorian origins with a traditional floorplan, 19th century street appeal and stunning high ceilings throughout. Sold in under a week!
See more at: http://www.toop.com.au/details_sold.asp?id=20139


#5 - 48 Carrick Hill Drive
Sales Partner: Lew Toop
4 Bedrooms – 3 Bathrooms – 2 Car – Swimming Pool
Positioned above Springfield alongside distinguished and significant neighbouring properties, this residence boasts the very best in panoramic views across leafy suburbs to the city, to the sea and down the coast.
See more at: http://www.toop.com.au/details.asp?id=19919


#4 - 14 Edwin Terrace | Gilberton
Sales Partner: Sally Cameron
5 Bedrooms – 2 Bathrooms – 2 Car – Swimming Pool
1,770 square metres of beautiful landscaped gardens, this period home is a masterpiece of history that has been exquisitely restored and enhanced to become undeniably one of Adelaide’s finest estates.


#3 - 55 Sheffield Street | Malvern
Sales Partner: Lew Toop
5 Bedrooms – 4 Bathrooms – 5 Car – Swimming Pool – Tennis Court
The ultimate family home at one of Adelaide’s most enviable addresses, this grand gentleman’s bungalow built circa 1925 and perfected in recent times with extensive upgrading has all the features for prestigious yet relaxed family living.
See more at: http://www.toop.com.au/details_sold.asp?id=19619


#2 - 19 Nilpinna Street | Burnside
Sales Partner: Sally Cameron
6 Bedrooms – 2 Bathrooms – 4 Car – Swimming Pool
This 5,000-square metre luxury estate is a rare find. Steeped in history, a majestic estate boasting expansive, manicured gardens, character-laden rooms, situated privately back from the street with a wide 28.68 metre frontage. Impressively going under contract in under a week!
See more at: http://www.toop.com.au/details_sold.asp?id=20106


#1 - 8 Robe Terrace | Medindie
Sales Partner: Sally Cameron
8 Bedrooms – 5 Bathrooms – 4 Car – Swimming Pool – Tennis Court
Built circa 1900 for The Mayor of Adelaide Arthur Wellington Ware and situated on 4,007 square metres, this magnificent and visually striking bay window villa of thirteen principal rooms offers the finest living and entertaining in Adelaide.
See more at: http://www.toop.com.au/details_sold.asp?id=19731