Baulkham Hills Market Report | Spring 2018 1
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome Over the past few months 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, 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. Should we be able to assist you with your property needs and / or you simply wish to have chat about the market conditions in your specific area, 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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Based on 308 House(Financial sales within the recorded last 12 months Year 2018) theBased last 12 (Financial Year 2018) Based onmonths 308on recorded 308 recorded House House sales sales withinwithin the last the 12last months 12 months (Financial (Financial Year 2018) Year 2018)
Previous Median Price: $1,200,000 Current Current Median Median Price: Price: $1,190,000 $1,190,000 Previous Median Price: $1,200,000 Previous Previous Median Median Price:Price: $1,200,000 $1,200,000
Based on recorded House(Financial sales within the 12 months Year 2018) months (Financial Year 2018) Based Based on recorded on recorded House House sales sales withinwithin the 12the 12 months months (Financial (Financial Year 2018) Year 2018)
BAULKHAM BAULKHAMHILLS HILLS--Recently RecentlySold SoldProperties Properties Based on a rolling 12 month period and may differ from calendar year statistics Based on a rolling 12 month period and may differ year statistics Based from on Based a calendar rolling on a12 rolling month 12 period month and period may and differ may differ
Based on 683 recorded House sales compared over the last two rolling 12 month periods Based on 683 recorded House sales compared over the last two rolling 12 month periods Based onBased 683 recorded on 683 recorded House sales House compared sales compared over the over last two the last two rolling 12rolling month12 periods month periods
Based on a rolling 12 month period and may differ from calendar year statistics Based on a rolling 12 month period and may differ year statistics Based from on Based a calendar rolling on a12 rolling month 12 period month and period may and differ may differ
PATRICE Recently Sold Properties PATRICE PATRICE PATRICE from calendar from calendar year statistics year statistics
26 WITONGA CRES 26 WITONGA CRES 26 WITONGA 26 WITONGA CRESCRES
Median MedianSale SalePrice Price
33 BRUCEDALE DR 33 BRUCEDALE DR 33 BRUCEDALE 33 BRUCEDALE DR DR
from calendar from calendar year statistics year statistics use highlighted properties use highlighted properties use highlighted use highlighted properties properties 9 CAMERON AVE
9 CAMERON AVE 9 CAMERON 9 CAMERON AVE AVE
Suburb SuburbGrowth Growth
##Sold SoldProperties Properties
$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
$1,088,000
26 WITONGA CRES 27beds | 2 bathsPL | 2 cars 696 m² WYNDHAM 17APOLLO APOLLO AVE AVE 7 17 WYNDHAM PL 7 WYNDHAM 7 WYNDHAM PL PL
$1,012,500 $1,012,500
OctOct
2018 2018 19 Days 19 Days
$1,165,000
33 BRUCEDALE DR 4 beds baths | 1 car 11A| 2 CHELSEA AVE 696 m² 6 6OLEANDER OLEANDER AVE AVE 11A CHELSEA AVE 11A CHELSEA 11A CHELSEA AVE AVE
$1,335,000 696696 m²m²
33
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7 WYNDHAM PL 5 beds | 2 baths | 2 cars 995 m²
33
$1,022,000
9 CAMERON AVE 4 beds |41BRUCEDALE bath | 1 car 696 DR m² 8HILDEGARD HILDEGARD PL PL 4 8BRUCEDALE DR 4 BRUCEDALE 4 BRUCEDALE DR DR
$1,175,700 6 OLEANDER AVE 4 beds | 2 bath | 2 car 696 m²
22 RAILWAY ST KALIMNA DR Source: pricefinder.com.au | Properties included may/may not be7sold byPL Ray White 7JOHN JOHN ST STST 6ELLIOTT ELLIOTT PL 227 RAILWAY 7 6KALIMNA DR 22 RAILWAY 22 RAILWAY ST ST 7 KALIMNA 7 KALIMNA DR DR $1,725,000
$1,460,000 8 HILDEGARD PL 6 beds | 3 bath | 3 cars 907 m² 19 MYEE CRES 34KAREELA KAREELA RD 1934MYEE CRESRD 19 MYEE 19 MYEE CRES CRES $1,040,000
$1,060,000
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
-3.7%
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 241 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 -7.2% 141 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
28
CROSS ST
4/7/2018
835m2
$1,850,000
2
22
RAILWAY ST
21/8/2018
696m2
$1,725,000
3
27
LUKES LANE
19/9/2018
1,024m2
$1,700,000
4
8
HILDEGARD PL
28/9/2018
907m2
$1,460,000
5
17
ALYSSE CL
7/7/2018
701m2
$1,430,000
6
155
OLD NORTHERN RD
8/8/2018
1,088m2
$1,400,000
7
44
BUCKINGHAM RD
18/9/2018
1,226m2
$1,370,000
8
52
AMPHITHEATRE CCT
19/7/2018
929m2
$1,350,000
9
7
WYNDHAM PL
31/8/2018
995m2
$1,335,000
10
3
SUMMIT PL
12/9/2018
700m2
$1,300,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
8/21
JENNER ST
3/9/2018
$960,000
2
9/9
OAKLAND AVE
29/8/2018
$930,000
3
1/25
JENNER ST
2/8/2018
$928,000
4
10/3
THE COTTELL WAY
6/8/2018
$925,000
5
4/8
KENNETH AVE
7/7/2018
$895,000
6
11/31
BRODIE ST
19/7/2018
$870,000
7
106/10
CENTURY CCT
31/7/2018
$869,000
8
6/17
CONIE AVE
8/7/2018
$865,000
9
11/44
JENNER ST
9/7/2018
$845,000
10
2/27
COOK ST
10/8/2018
$836,000
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.
Medium 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 SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
$1,000,000
NUMBER OF SALES
$1,100,000
OCT
MEDIAN SALE PRICE
25
MONTH
Number of sales
Median sale price
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Recent Activity Sales by Price - Past 12 months House
Unit
0-$200K
2
2
0%
$200K-$300K
1
1
0%
Past 12 Months
1
0%
1
0%
472 Sales
$300K-$400K
1
$400K-$500K
1
$500K-$600K
2
14
16
$600K-$700K
1
24
25
$700K-$800K
1
41
42
9%
$800K-$900K
11
28
39
8%
$900K-$1M
28
25
53
$1M-$1.25M
144
7
151
$1.25M-$1.5M
68
2
70
$1.5M-$1.75M
17
2
19
$1.75M-$2M
4
1
5
$2M-$2.5M
2
>$3M
7
2 1
8
3% 5%
$1M-$1.25M
11% 32% 15% 4% 1% 0% 2%
151 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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