Baulkham Hills Market Report Winter 2018
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Ray White Castle Hill is the proud sponsor of
Welcome 2018 has certainly been an interesting year not only in the real estate market, but markets across the board including Australian stocks, banking and the lending industries. Whilst this has provided numerous headlines across our state and national media and no doubt, interesting debates across the dinner table, more locally however, we have seen our real estate market most decidedly enter into a new phase- a phase that we refer to as a “normal” market. This begs the question “what is a normal market”? Property owners in Sydney over the past few years have seen their homes increase substantially in value – some areas even by double. The Hills has experienced an approx. 20% increase in property values since the commencement of the North West Rail Link. This increase was further fuelled by record low interest rates, robust foreign investment, easy to obtain finance, a strong economy and buyer demand, thus leading to a housing boom where it would be common to sell after the first open home and Auction clearance rates at all-time highs.
The shift to a more normal market has been gradual since early 2017 and one that was led by the Government changes to rules relating to foreign investment and ownership (announced in the 2017/2018 Budget), the closing in of supply and demand and more recently, much tighter lending conditions. Despite all this, the Hills District remains in high demand! Days on market has definitely increased, Auction clearance rates have shifted and the gap between buyer and seller expectation is occasionally askew, however good results are still being achieved by our Sales Executives. Our team’s ability to adapt and implement changes to meet the current environment has been critical for the success of our clients…..and the results show. Latest figures indicate that Ray White Castle Hill has the highest market share in the area – doubling since this time last year, our days on market are on average are the lowest compared to other agencies and positive testimonials flood in daily.
It’s these testimonials and feedback that continue to drive our team to work even harder for our clients and help validate why we all love working in this industry. We see it more than just a transaction. We view real estate as the matchmaking of a property to a buyer, helping dreams become realities, being a partner in creating wealth for clients and assisting those entering into a new chapter of life, be it: first time home buyer, investor, downsizer, retiree or the growing family, etc. Should we be able to assist you with your property needs, please don’t hesitate to contact your team of local Sales Executives at Ray White Castle Hill. We look forward to assisting you soon!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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the the lastlast 12the months 12last months 12(Apr months (Apr '17 '17 - (Apr Mar - Mar '18) '17 '18) - Mar '18) Based Based onBased 328 on 328 recorded on recorded 328 recorded House House sales House sales within within sales within the the last last 12the months 12last months 12month (Apr months (Apr '17 '17 - (Apr Mar -period Mar '18) '17 '18) -differ Mar '18) Based Based on aon Based rolling a rolling 12 on month a12 rolling period 12period month and and may may differ and may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
Previous Previous Previous Median Median Price: Median Price: $1,160,000 Price: $1,160,000 $1,160,000 Current Current Median Current Median Price: Median Price: $1,210,051 Price: $1,210,051 $1,210,051 Previous Previous Previous Median Median Price: Median Price: $1,160,000 Price: $1,160,000 $1,160,000
months months (Apr months (Apr '17 '17 - (Apr Mar - Mar '18) '17 '18) - Mar '18) Based Based onBased recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months months (Apr months (Apr '17 '17 -12 (Apr Mar - Mar '18) '17may '18) - Mar '18) Based Based on aon Based rolling a rolling 12 on month a12 rolling month period period month and and period may differ and differ may differ Based Based on 694 onBased recorded 694 recorded on House 694 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling rolling 12 month 12rolling month periods 12 periods month periods
fromfrom calendar calendar from year calendar year statistics statistics year statistics
Based Based on 694 onBased recorded 694 recorded on House 694 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling rolling 12 month 12rolling month periods 12 periods month periods
Based Based on aon Based rolling a rolling 12 on month a12 rolling month period 12period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
Recently sold properties
Based Based on aon Based rolling a rolling 12 on month a12 rolling month period 12period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
10 10 AMPHITHEATRE AMPHITHEATRE 10 AMPHITHEATRE CCT CCT CCT
79 79 CROPLEY CROPLEY 79 CROPLEY DRDR DR
63 63 WATKINS WATKINS 63 WATKINS RDRD RD
10 10 AMPHITHEATRE AMPHITHEATRE 10 AMPHITHEATRE CCT CCT CCT
79 79 CROPLEY CROPLEY 79 CROPLEY DRDR DR
63 63 WATKINS WATKINS 63 WATKINS RDRD RD
$1,493,500
$1,330,000
$1,400,000
10 AMPHITHEATRE CCT 4 bed | 2 bath | 2 garages 929 m² 30 30 TURNER TURNER 30 TURNER AVE AVE AVE
79 CROPLEY DR 4 bed | 3 bath | 1 garages 770 m² 49 49 GIRRALONG GIRRALONG 49 GIRRALONG AVE AVE AVE
63 WATKINS RD 4 bed | 3 bath | 2 garages 803 m² 33 33 CAROLE CAROLE 33 CAROLE AVE AVE AVE
30 30 TURNER TURNER 30 TURNER AVE AVE AVE
49 49 GIRRALONG GIRRALONG 49 GIRRALONG AVE AVE AVE
33 33 CAROLE CAROLE 33 CAROLE AVE AVE AVE
$1,241,000 30 TURNER AVE 4 bed | 3 bath | 2 garages 750 m²
$1,100,000 49 GIRRALONG AVE 4 bed | 1 bath | 2 garages 702 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$1,040,000 33 CAROLE AVE 3 bed | 1 bath | 1 garages 885 m²
May May
Suburb Growth
HOUSE +4.3%
# Sold Properties
328
20/78 20/78 -8220/78 -82 OLD OLD -82 NORTHERN NORTHERN OLD NORTHERN RDRD RD 20/78 20/78 -8220/78 -82 OLD OLD -82 NORTHERN NORTHERN OLD NORTHERN RDRD RD
UNIT +12.6%
21/7 21/7 CHAPEL CHAPEL 21/7 CHAPEL LANE LANELANE 21/7 21/7 CHAPEL CHAPEL 21/7 CHAPEL LANE LANELANE
$593,000 20/78 -82 OLD NORTHERN RD 2 bed | 1 bath | 1 garages 37/78 37/78 -8237/78 -82 OLD OLD -82 NORTHERN NORTHERN OLD NORTHERN RDRD RD 37/78 37/78 -8237/78 -82 OLD OLD -82 NORTHERN NORTHERN OLD NORTHERN RDRD RD
175
210 Days 210 Days 210 Days
114 m² 114 m²
21/7 CHAPEL LANE 3 bed | 2 bath | 2 garages 8/125 8/125 -127 8/125 -127 OLD OLD -127 NORTHERN NORTHERN OLD NORTHERN RDRD RD 8/125 8/125 -127 8/125 -127 OLD OLD -127 NORTHERN NORTHERN OLD NORTHERN RDRD RD
114 2 m²2
1 21 1 21
1 11 1 11
$880,000 1/57 VALERIE AVE 3 bed | 2 bath | 1 garages 2/22/2 THE THE COTTELL 2/2COTTELL THE COTTELL WAY WAY WAY 2/22/2 THE THE COTTELL 2/2COTTELL THE COTTELL WAY WAY WAY
$775,000 8/125 -127 OLD NORTHERN RD 2 bed | 1 bath | 1 garages
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
114 2 m²2
1/57 1/57 VALERIE VALERIE 1/57 VALERIE AVE AVE AVE 1/57 1/57 VALERIE VALERIE 1/57 VALERIE AVE AVE AVE
$885,799
$660,000 37/78 -82 OLD NORTHERN RD 3 bed | 2 bath | 2 garages
Suburb Growth
May
2018 2018 2018 May May May 210 Days 210 Days 210 Days 114 m² 2018 2018 114 m² # 2018 Sold Properties
$905,000 2/2 THE COTTELL WAY 3 bed | 2 bath | 2 garages 5
1 1
Top 10 house sales Address
Sold date
Land size
Price
1
24
HILDA RD
17/5/2018
980m2
$2,020,000
2
16
JUSTINE AVE
14/3/2018
923m2
$1,725,000
3
105
AMPHITHEATRE CCT
14/3/2018
740m2
$1,675,000
4
27
APPIAN CCT
5/2/2018
773m2
$1,628,000
5
15
PRISCILLA PL
29/3/2018
782m2
$1,505,000
6
8
PETRIZZI PL
16/3/2018
797m2
$1,494,000
7
10
AMPHITHEATRE CCT
4/6/2018
929m2
$1,493,500
8
5
HENRY ST
7/5/2018
1031m2
$1,461,000
9
13
ALYSSE CL
6/3/2018
1209m2
$1,450,000
10
7
ORCHARD ST
14/3/2018
499m2
$1,450,000
Properties included may/may not be sold by Ray White
Top 10 unit sales Address
Sold date
Price
1
11/13
WATKINS RD
11/3/2018
$921,000
2
8/8
WATKINS RD
17/3/2018
$920,000
3
2/2
THE COTTELL WAY
7/5/2018
$905,000
4
21/7
CHAPEL LANE
11/5/2018
$885,799
5
1/57
VALERIE AVE
10/5/2018
$880,000
6
5/44
MERYLL AVE
31/3/2018
$847,500
7
7/21
COOK ST
24/5/2018
$785,000
8
73/40
BARINA DOWNS RD
4/5/2018
$775,000
9
17/32
JENNER ST
2/5/2018
$775,000
10
8/125
OLD NORTHERN RD
7/5/2018
$775,000
Properties included may/may not be sold by Ray White
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How to keep warm this winter What can you do to stay warm at home? By Ines Gruber Source: https://www.choice.com.au/home-and-living/heating/home-heating/ articles/how-to-keep-warm-this-australian-winter-170915
If you want to feel warm at home long term and also save money you need a plan that goes beyond beanies and ugg boots. Here are some practical solutions to beat the winter chill: Insulate: It is the best way to keep the heat in winter in and in summer out. Average households with ceiling wall and under floor insulation can save around $450 per year on energy bills. Seal up gaps and cracks: If you add up all the cracks and gaps in an average home, it would be the equivalent of having a 1 metre by 1.5 metre window open all the time. They can account for up to 15-20% of heat loss. Seal windows and use curtains: That will not only help you to keep warm in winter, but cool in summer. Up to 40% of our heating energy can be lost through the windows. Look for possible draught culprits: Not only windows, but doors can be an issue. If you’re just heating one room or living area, close its doors and windows to keep in the heat. A simple door snake or a rolled up towel can also help stop any draughts, especially in older houses where the doors might have larger gaps at floor level.
Cover the floor with rugs: They act as insulation between your feet and the cold, hard floor. Reverse ceiling fans: Most models have a reverse switch. It turns the blades anti-clockwise and pushes the warm air from your heating system from the ceiling (remember, warm air rises) back down. Maintain your heaters: Get them serviced professionally every few years to keep them running more efficiently; gas heaters in particular should be well-maintained to ensure safe operation. Close up any rooms you don’t use and turn off the heating there.
Median house prices $1,300,000
60 55 50
$1,250,000
45 40
$1,200,000
35 $1,150,000
30
$1,100,000
20 15
$1,050,000
10 5 0 MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
AUG
JULY
JUN
$1,000,000
NUMBER OF SALES
MEDIAN SALE PRICE
25
SALE MONTH
Number of sales
Median sale price
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Recent Activity Sales by Price - Last 12 months House 0-$200k
Unit 2
0%
1
1
0%
2
$300k-$400k $500k-$600k
5
15
20
$600k-$700k
2
30
32
$700k-$800k
4
36
40
$800k-$900k
8
26
34
$900k-$1M
23
34
57
$1M-$1.25
154
14
168
$1.25M-$1.5M
83
1
84
$1.5M-$1.75M
23
2
25
$1.75M-$2M
5
1
6
1%
$2M-$2.5M
1
1
0%
>$3M
3
4
1%
1
Last 12 months
4%
501 sales
6% 8% 7% 11% 34% 17% 5%
$1M-$1.25M 168 sales
Your 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
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
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
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au