Baulkham Hills Market Report | Summer 2019 1
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome As we recover from the Christmas/ New Year festivities and reflect on what can only be described as a tumultuous year, it’s safe to say that Australia’s love affair with real estate was, and continues to be, tested, leaving no one immune to the changing market conditions throughout the country. 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 been 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 enjoyed a strong year in 2018, where demand for housing in the district continued. Yes, days on market in most cases was longer than the previous 12 months, and yes, numbers were down at auctions, however, the results our office achieved for our clients displayed 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 this year), 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. We look forward to assisting you with your property needs throughout 2019.
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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Based on 235 recorded House sales within Based on recorded House sales within the 12 Previous Median Price: $1,220,000 the last 12 months (2018) months (2018) Current Current Median Current Median Price: Median Price: $1,145,000 Price: $1,145,000 $1,145,000 Based on 235 on on 235 recorded recorded sales House within sales sales within Based Based on Based recorded on on House recorded House sales House within sales sales within the within 12differ the 12 the 12 BasedBased on Based aBased rolling onrecorded a235 12 rolling month 12House period monthHouse and period may and differ may differwithin Based onBased Based on Based a rolling onrecorded a12 rolling month 12period month and period may and differ may 592 recorded on 592 recorded House sales House compared sales compared over the last overtwo the last two Previous Previous Median Previous Median Price: Median Price: $1,220,000 Price: $1,220,000 $1,220,000 rolling 12rolling month 12 periods month periods the last the 12 last the months last 12 statistics months 12 (2018) months (2018) (2018) months months (2018) months (2018) (2018) from calendar from year statistics from calendar from year statistics statistics Based on acalendar rolling 12year month period and may differ Based on acalendar rolling 12year month period and may differ Based on 592 recorded House sales compared over the last two from calendar year statistics
from calendar year statistics
rolling 12 month periods
Recently Sold Properties
Based on Based a rolling Based on a12 on rolling month a rolling 12period month 12 month and period may period and differ may and may differdiffer from calendar from from calendar year calendar statistics year year statistics statistics
Based onBased 592 recorded Based on 592onrecorded House 592 recorded sales House compared House sales sales compared overcompared the last overtwo the over last thetwo last two rolling 12rolling month rolling 12 periods month 12 month periods periods
Based on Based a rolling Based on a12 on rolling month a rolling 12period month 12 month and period may period and differ may and may differdiffer from calendar from from calendar year calendar statistics year year statistics statistics
106 SEVEN 106 SEVEN HILLSHILLS RD RD 106 SEVEN HILLS RD
8 PURRI 8 PURRI AVE AVE 8 PURRI AVE
48 CRESTWOOD 48 CRESTWOOD DR DR 48 CRESTWOOD DR
106 SEVEN 106106 SEVEN HILLS SEVEN HILLS RDHILLS RD RD
8 PURRI 8 PURRI 8AVE PURRI AVEAVE
48 CRESTWOOD 48 CRESTWOOD 48 CRESTWOOD DR DR DR
$1,121,000
$830,000
$1,071,500
106 SEVEN HILLS RD 4 MULLANE 4 MULLANE AVE AVE | 2 cars 900 m² 5 beds | 2 baths 4 MULLANE AVE
8 PURRI AVE 3166 beds | 2 NORTHERN baths | RD 1 car RD 305 m² 166 OLD NORTHERN OLD 166 OLD NORTHERN RD
48 CRESTWOOD DR 194MUNRO 19 MUNRO beds | 2 ST bath |ST 3 cars 872 m² 19 MUNRO ST
4 MULLANE 4 MULLANE 4 MULLANE AVE AVEAVE
166 OLD 166166 NORTHERN OLDOLD NORTHERN NORTHERN RD RD RD
19 MUNRO 19 MUNRO 19 ST MUNRO ST ST
$1,005,000
$890,000
4 MULLANE AVE 166 OLD NORTHERN RD 4 beds | 1 bath | 1 car 696 m² 4 beds | 2 baths | 5 cars 923 m² 33 CANYON 33 Source: CANYON RD RD pricefinder.com.au | Properties included may/may not be sold by Ray White 33 CANYON RD $1,810,000 $1,810,000
$1,040,000 19 MUNRO ST 4 beds | 2 bath | 1 car 721 m² 21 OAKLAND 21 OAKLAND AVE AVE 21 OAKLAND AVE
$935,000 $935,000
Based on 137 recorded Unit sales within the last months (2018) last12 12 months (2018)(2018) last 12 months Based Based Based on on137 137 on recorded recorded 137 recorded Unit Unitsales sales Unit within sales withinwithin the the the last 12 12 last months months 1212months (2018) (2018) (2018) Based rolling month period and may differ Basedon onaalast rolling 12 month period and may differ Based on a12 rolling month period and may differ from year fromcalendar calendar yearstatistics statistics from calendar year statistics
QUICK FACTS
Based Basedon Based onaarolling rolling on a12 rolling 12month month 12period month periodand period andmay may and differ differ may differ from fromcalendar calendar from calendar year yearstatistics statistics year statistics Suburb Growth #
HOUSE
Previous Median Price: $852,000 Previous Median Price:Price: $852,000 Previous Median $852,000 Current Current Current Median Median Median Price: Price:Price: $770,000 $770,000 $770,000 Previous Previous Previous Median Median Median Price: Price: Price: $852,000 $852,000 $852,000 Based Basedon on338 338recorded recordedUnit Unitsales salescompared comparedover overthe thelast lasttwo two
Based on 338 recorded Unit sales compared over the last two rolling month periods rolling12 12 month periods rolling 12 month periods
QUICK FACTS
Based Basedon on Based 338 338recorded recorded on 338 recorded Unit Unitsales sales Unit compared compared sales compared over overthe thelast over lasttwo the two last two rolling rolling12 12 rolling month month 12 periods periods month periods
Sold Properties
3/67 ST 3/67-69 -69RAILWAY RAILWAY ST ST 3/67 -69 RAILWAY
235 UNIT 1/22 ST 1/22-24 -24PEARCE PEARCE ST 1/22 -24 PEARCE ST
3/67 3/67-69 3/67 -69RAILWAY RAILWAY -69 RAILWAY ST ST ST
1/22 1/22-24 1/22 -24PEARCE PEARCE -24 PEARCE ST ST ST
-6.1%
$835,000
Suburb
Based on recorded Unit sales within the 12 months (2018) months (2018)(2018) months Based Based Based on onrecorded recorded on recorded Unit Unitsales sales Unit within sales withinwithin the the12 12the 12 months months months (2018) (2018) (2018) Based and differ Basedon onaarolling rolling 12month month period andmay may differ Based on a12 rolling 12period month period and may differ from year fromcalendar calendar yearstatistics statistics from calendar year statistics
Based Basedon Based onaarolling rolling on a12 rolling 12month month 12period month periodand period andmay may and differ differ may differ fromcalendar calendar from calendar year yearstatistics statistics year statistics Growth #from Sold Properties
-9.6%3/10 137 CRES 3/10-12 -12GRAHAM GRAHAM CRES 3/10 -12 GRAHAM CRES 3/10 3/10-12 3/10 -12GRAHAM GRAHAM -12 GRAHAM CRES CRES CRES
$740,000
$850,000
3/67 -69 RAILWAY ST 3 beds | 2 baths | 2 cars 4/4B RD 4/4BCORONATION CORONATION RD RD 4/4B CORONATION
1/22 -24 PEARCE ST 2 beds | 2 baths | 1 car 6/34-36 OAKLAND AVE 6/34-36 OAKLAND AVE AVE 6/34-36 OAKLAND
3/10 -12 GRAHAM CRES 3 beds | 2 baths | 2 cars 10/55-61 OLD RD 10/55-61 OLDNORTHERN NORTHERN RD RD 10/55-61 OLD NORTHERN
4/4B 4/4BCORONATION 4/4B CORONATION CORONATION RD RD RD
6/34-36 6/34-36 6/34-36 OAKLAND OAKLAND OAKLAND AVE AVE AVE
10/55-61 10/55-61 10/55-61 OLD OLDNORTHERN OLD NORTHERN NORTHERN RD RD RD
$830,000 4/4B CORONATION RD 3 beds | 2 baths | 2 cars
$785,000 6/34-36 OAKLAND AVE 4 beds | 2 baths | 2 cars
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
13/2A CROSS ST 13/2A13/2A CROSS ST ST CROSS
$885,500 10/55-61 OLD NORTHERN RD 3 beds | 2 baths | 2 cars 5
Top 10 House Sales Address
Sold date
Land size
Price
1
33
CANYON RD
1/12/2018
1741m2
$1,810,000
2
7
SUTTOR PL
22/11/2018
696m2
$1,560,000
3
8
FORUM CRES
26/11/2018
929m2
$1,508,000
4
50
PEARCE ST
3/11/2018
841m2
$1,261,000
5
23
KIAH PL
3/11/2018
696m2
$1,215,000
6
9
VIRGINIA AVE
23/11/2018
923m2
$1,180,000
7
1
MIRIAM CRT
24/11/2018
835m2
$1,168,000
8
26
MULHERON AVE
16/11/2018
702m2
$1,130,000
9
106
SEVEN HILLS RD
12/22/2018
900m2
$1,121,000
10
11
GORDONIA GR
11/9/2018
730m2
$1,120,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
10/55
OLD NORTHERN RD
10/11/2018
$885,500
2
3/10
GRAHAM CRES
23/11/2018
$850,000
3
3/67
RAILWAY ST
29/11/2018
$835,000
4
4/4
CORONATION RD
20/11/2018
$830,000
5
2/57
VALERIE AVE
20/10/2018
$822,000
6
6/34
OAKLAND AVE
14/11/2018
$785,000
7
1/22
PEARCE ST
27/11/2018
$740,000
8
20/52
OLD NORTHERN RD
13/11/2018
$715,000
9
13/2
CROSS ST
5/11/2018
$680,000
10
30/312
WINDSOR RD
24/10/2018
$670,000
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 DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
$1,000,000
NUMBER OF SALES
$1,100,000
JAN 2018
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
$200K-$300K
3
3
$400K-$500K
2
1
$500K-$600K
1
13
15
$600K-$700K
1
22
23
35
35
$700K-$800K $800K-$900K
17
31
48
$900K-$1M
39
15
54
$1M-$1.25M
118
2
120
$1.25M-$1.5M
57
1
58
$1.5M-$1.75M
13
13
$1.75M-$2M
4
4
$2M-$2.5M
2
2
>$3M
7
1
7
0%
Past 12 Months
1%
417 Sales
0% 4% 6% 8% 12%
$1M-$1.25M
13% 29% 14% 3% 1% 0% 2%
120 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
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
Joel Simpson 0450 907 598
Peter Iann 0488 002 222
Jayden Potten 0402 604 828
Tony Yee 02 9680 2255
Warren Tam 0412 067 934
Joseph Meyer 0417 675 741
David Xiao 0433 009 018
Siobhan Robinson 9680 2255
Michael Karanicolas 0411 062 888
Brendan Jackson 0404 088 783
Hannah Dowling 9680 2255
Stella Zhang 0452 557 858
Kimberley Hatchett 9680 2255
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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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