Baulkham Hills Market Report | Summer 2018 1
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome Throughout 2018 Australia’s love affair with real estate has certainly been tested and it’s safe to say, no one has been immune. Those ranging from first time home buyers to investors, to retirees downsizing, to developers and to your average mum and dad, property owners across the country have no doubt questioned their financial positions, crunched the numbers and for the first time in a long time, are having to make significant monetary decisions. It’s almost impossible to turn on the TV, log onto the Internet and tune into the radio and not be bombarded with negative dialogue about the state of the market and the contributing factors. The ongoing Royal Commission into Australia’s banking industry has dramatically altered the mortgage lending standards, meaning most applicants can now only borrow around 70% of what they could 12 months ago, the reduction in approval of foreign investors, the Chinese crackdown on foreign investment and of course, the looming expiration of a large percentage of ‘interest only’ loans, has all provided much content for headline news. While it’s extremely valuable to be informed on these broader economic environments
and how they influence buyer sentiment, it’s equally important to acknowledge that each area is made up of ‘micro markets’ that have their own contributing factors which influence property prices, such as infrastructure change, zoning updates, school catchments, proximity to shopping precincts and transport, etc. In spite of this shift in the market, Ray White Castle Hill has enjoyed a strong year, where demand for housing in the district continued. Yes, days on market in most cases has been longer than this time last year, and yes, numbers may be down at auctions, however, the results we are achieving for our clients show what our team at Ray White Castle Hill already knew….buyers will always pay a premium for a great home in a great location. And the Hills District is just that! We are all fortunate to reside in a beautiful region of Sydney where opportunity is abundant. Along with the much anticipated Sydney Metro Northwest rail link (opening in 2019), residents enjoy a thriving café and restaurant culture that continues to grow, are spoilt for choice in shopping centres, have access to many community events and parklands, have a wonderful choice of reputable government and independent schools, experience a low unemployment rate and overall, a wonderful community that is embracing a huge amount of change and growth with confidence and poise.
As one of the market leaders in the area, this is what drives us each and every day and we love being a part of the process in helping others reach their property goals. As we draw near to Christmas, Ray White Castle Hill is once again supporting the Little Ray of Giving campaign - Ray White’s very own Christmas charity initiative that has since inception helped thousands of underprivileged people in our communities. This year, Ray White Castle Hill has chosen to support the Jesuit Refugee Service and throughout November and December, our office is requesting donations of nonperishable food items to be placed under our Christmas tree in the reception area. We would also like to, on behalf of the team at Ray White Castle Hill, take this opportunity to thank our local community for their continued support throughout 2018 and we look forward to assisting you with your property needs in 2019. We wish you all a very Merry Christmas and a prosperous New Year!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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BAULKHAM BAULKHAMHILLS HILLS--Recently RecentlySold SoldProperties Properties
Recently Sold Properties
115 CORONATION RD
Median MedianSale SalePrice Price
115115 CORONATION CORONATION 115 CORONATION RDRD RD
6 PARK RD
Suburb SuburbGrowth Growth
6 PARK 6 PARK 6RD PARK RD RD
20 BROULA AVE
##Sold SoldProperties Properties
20 20 BROULA BROULA 20 BROULA AVE AVE AVE
$1.17m $1.17m
-3.7% -3.7%
241 241
Based Based onon 241 241 recorded recorded House House sales sales within within the the last last 1212 months months (Oct (Oct '17'17 - Sep - Sep '18) '18)
Current Current Median Median Price: Price: $1,172,000 $1,172,000 Previous Previous Median Median Price: Price: $1,217,000 $1,217,000
Based Based onon recorded recorded House House sales sales within within the the 1212 months months (Oct (Oct '17'17 - Sep - Sep '18) '18)
Based Based onon a rolling a rolling 1212 month month period period and and may may differ differ from from calendar calendar year year statistics statistics
Based Based on on 598598 recorded recorded House House sales sales compared compared over over thethe lastlast twotwo rolling rolling 12 12 month month periods periods
Based Based onon a rolling a rolling 1212 month month period period and and may may differ differ from from calendar calendar year year statistics statistics
$860,000
115 CORONATION RD 43beds | 2 baths | 2 cars 688 m² BAROSSA 1717APOLLO APOLLO AVE AVE CRT 3 BAROSSA 3 BAROSSA 3 BAROSSA CRT CRT CRT
19 Days 19 Days
6 PARK RD 4 beds | 2 baths | 3 car 765 m² 6 6OLEANDER OLEANDERAVE AVE
$1,270,000 696696 m²m²
$1,018,888
20 BROULA AVE 4 beds | 2 bath | 2 car 1,019 m² 8 8HILDEGARD HILDEGARDPL PL
$1,012,500 $1,012,500
OctOct
2018 2018
$960,000
33
11
3 BAROSSA CRT 5 beds | 3 baths | 2 cars 776 m²
33
$1,175,700 6 OLEANDER AVE 4 beds | 2 bath | 2 car 696 m²
Source: not be sold PL byPL Ray White 7 7JOHN JOHN ST STpricefinder.com.au | Properties included may/may 6 6ELLIOTT ELLIOTT
$1,460,000 8 HILDEGARD PL 6 beds | 3 bath | 3 cars 907 m² 3434KAREELA KAREELARD RD
last 12 recorded months (Financial 2018) Based on 153 Unit salesYear within the last 12 months (Financial Year 2018) Based on a rolling 12 month period and may differ from calendar year statistics Based Based on 153 recorded recorded Unit sales sales within within the the Based on 153 aon rolling 12 monthUnit period and may differ lastlast 12 from months 1212months (Financial (Financial YearYear 2018) 2018) calendar year statistics Based on a rolling month period and may differ from calendar year statistics QUICK FACTS
Based Based on a on rolling a rolling 12 month 12 month period period and may and may differdiffer 11/17 -21from MERYLL AVE Suburb Growth from calendar calendar year year statistics statistics
HOUSE
11/17 -21 MERYLL AVE 11/17 -21 MERYLL AVE
-3.9%
11/17 11/17 -21 -21 MERYLL MERYLL AVE AVE
Previous Median Price: $787,500 Previous Median Price: $787,500 Based on 415 recorded Unit sales compared over the last two Current Current Median Median Price: Price: $786,500 $786,500 rolling 12 month periods Based on 415 recorded Unit sales compared over the last two Previous Previous Median Median Price: Price: $787,500 $787,500 rolling 12 month periods
Based on 415 recorded Unit sales compared over the last two rolling 12 month periods
QUICK FACTS
BasedBased on 415 onrecorded 415 recorded Unit sales Unit sales compared compared over the overlast thetwo last two 8/21 JENNER ST rollingrolling 12 month 12 month periods periods
# Sold Properties 8/21 JENNER ST 274 8/21 JENNER ST
UNIT
$650,000
Based on a rolling 12 month period and may differ months months (Financial (Financial Year 2018) 2018) from year Year statistics Based on a rolling 12calendar month period and may differ Based on afrom rolling 12 month period and may differ calendar year statistics from calendar year statistics Based Based on a on rolling a rolling 12 month 12 month period period and may and may differdiffer 15/3-9 AVE Growth # ARNDILL Sold Properties fromfrom calendar calendar year year statistics statistics
15/3-9 ARNDILL AVE -6.6% 161 15/3-9 ARNDILL AVE
6/2 -8 HILL ST 15/3-9 15/3-9 ARNDILL ARNDILL AVE AVE
$960,000 8/21 ST 2/27JENNER COOK ST 3 beds | 2 baths 2/27 COOK ST | 2 cars 2/27 COOK ST
$925,000
$836,000 2/27 COOK ST 3 beds | 2 baths | 2 cars
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
Sep
2018MERYLL AVE 89/1 59 Days m² 3 3 beds | 2 baths2,117 | 2 cars
Ba
27/78
S
$740,000 6/2 - 89/1 8 HILL ST MERYLL AVE 3 beds | 2 baths |AVE 2 cars 89/1 MERYLL 89/1 MERYLL AVE 2/48-50 CHELSEA AVE 89/189/1 MERYLL MERYLL AVE AVE
2/272/27 COOK COOK ST ST
10/310/3 THE THE COTTELL COTTELL WAY WAY
10/3 THE COTTELL WAY 3 beds | 2 baths | 2 cars
Suburb
8/218/21 JENNER JENNER ST ST
11/17 - 21 MERYLL AVE 10/3 THE COTTELL WAY bedsCOTTELL | 1 baths |WAY 2 cars 10/32THE 10/3 THE COTTELL WAY
months (Financial 2018) Based on recorded Unit salesYear within the 12 Based on 141 recorded Unit sales within the months (Financial Based on a rolling 12Year month2018) period and may differ last 12onmonths '17Unit -year Sep '18)within from(Oct calendar statistics Based Based recorded on recorded Unit sales sales within the the 12 12
20
22 D
7/1A $820,000
$815,000 2
S
20
2
107
5
9/9 O
Top 10 House Sales Address
Sold date
Land size
Price
1
22
RAILWAY ST
21/8/2018
695.6 m²
$1,725,000
2
27
LUKES LANE
19/9/2018
1024 m²
$1,700,000
3
8
HILDEGARD PL
28/9/2018
907.2 m²
$1,460,000
4
155
OLD NORTHERN RD
8/8/2018
1088 m²
$1,400,000
5
44
BUCKINGHAM RD
18/9/2018
1226 m²
$1,370,000
6
12
BATAVIA PL
1/9/2018
770.9 m²
$1,349,000
7
7
WYNDHAM PL
31/8/2018
995.4 m²
$1,335,000
8
3
SUMMIT PL
12/9/2018
700 m²
$1,300,000
9
13
COOLOCK CRES
4/8/2018
743.7 m²
$1,300,000
10
22
KAREELA RD
17/8/2018
695.6 m²
$1,280,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
8/21
JENNER ST
19/8/2018
$960,000
2
9/9
OAKLAND AVE
29/8/2018
$930,000
3
1/25
JENNER ST
1/8/2018
$928,000
4
2/27
COOK ST
10/8/2018
$836,000
5
8/18
PEARCE ST
8/8/2018
$825,000
6
10/3
THE COTTELL WAY
17/10/2018
$820,000
7
2/48
CHELSEA AVE
5/9/2018
$820,000
8
15/6
EDWARD ST
10/10/2018
$816,000
9
89/1
MERYLL AVE
12/8/2018
$815,000
10
89/1
MERYLL AVE
12/8/2018
$815,000
Properties included may/may not be sold by Ray White
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Quick Tips on how to Prepare your Home for Sale We’ve listed some simple tips that can assist in maximising the sale price when selling your home. The more effortless a home looks, the more marketable a property will be and thus be more appealing to the greatest number of prospective buyers. Your property should impersonal enough not to infringe on a buyer’s own sense of style, but clean and decorated enough to allow buyers to imagine themselves in each space without too much effort required.
MAINTENANCE The rule of thumb is – if something needs repairing- fix it! Check for peeling paint, chipped corners and loose wallpaper. CLEANING Every area of the house must sparkle and shine! Each hour spent will be worth the effort. Make it easy for the buyer to want your house. THE FRONT ENTRY Whether a graciously proportioned centre hall or a small foyer just large enough for a coat rack and tiny table, this part of your house deserves your particular attention.
STAGING The use of a brightly coloured pillow on a chair or a throw blanket on a sofa can add dimension to an otherwise neutral room. Fresh flowers and creating a sanctuary in the bathroom help create a sense of luxury.
NEUTRALISING Be cautious about selecting colours when painting the interior walls or replacing the carpet. Your objective is to make your house appeal to the largest possible buying segment.
SPACE MANAGEMENT Create the illusion of more space and consider removing some furniture from any room that may seem over crowded. If necessary, put large items in storage.
ATMOSPHERE A clean smelling house creates a positive image in the buyer’s mind. Be aware of any odours from cooking, cigarette smoke, pets etc. These may have adverse effects on potential buyers.
Median House Prices $1,300,000
60 55 50
$1,250,000
45 40
$1,200,000
35 $1,150,000
30
20 15
$1,050,000
10 5 0 OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
$1,000,000
NUMBER OF SALES
$1,100,000
NOV
MEDIAN SALE PRICE
25
MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Past 12 months House
Unit
0-$200K
1
1
0%
$200K-$300K
1
1
0%
Past 12 Months
1
0%
1
0%
498 Sales
$300K-$400K
1
$400K-$500K
1
$500K-$600K
2
15
17
$600K-$700K
1
25
26
$700K-$800K
1
41
42
$800K-$900K
14
29
43
$900K-$1M
36
26
62
$1M-$1.25M
158
7
165
$1.25M-$1.5M
71
2
73
$1.5M-$1.75M
17
2
19
$1.75M-$2M
4
1
5
$2M-$2.5M
2
>$3M
7
2 1
8
3% 5% 8% 9%
$1M-$1.25M
12% 33% 15% 4% 1% 0% 2%
165 Sales
Your Local Team
Philip Kelly 0407 000 991
Daniel Llamas 0421 908 736
Odette Roach 9680 2255
Kael Sharp 0435 821 736
Karl Anthony 0457 120 174
Margarete Kwarcinski 9680 2255
Sylvester Wijaya 02 9680 2255
Hannah Dowling 9680 2255
Siobhan Robinson 9680 2255
Kieron Stedman 0433 124 734
Matthew Langdon 0431 037 478
Paul Conti 0414 981 005
Robbie Awad 0428 888 648
Hilda Bandiera 9680 2255
Yong Park 0402 486 424
Phil Haq 0452 054 290
Stella Zhang 0452 557 858
Michael Karanicolas 0411 062 888
Joel Simpson 0450 907 598
Peter Iann 0488 002 222
Brendan Wein 0431 618 086
Tony Yee 02 9680 2255
Warren Tam 0412 067 934
Joseph Meyer 0417 675 741
David Xiao 0433 009 018
Kimberley Hatchett 9680 2255
Brendan Jackson 0404 088 783
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Ray White Castle Hill 287C Old Northern Road, Castle Hill NSW 2154 T 02 9680 2255 W raywhitecastlehill.com.au  Follow us on Facebook facebook.com/raywhitecastlehill
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