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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the 12recorded months (Financial Year 2018) Based onlast 308 House sales within the last 12 months (Financial Year 2018) Based on12 308 recorded House sales within theBased last (Financial Year 2018) Based onmonths 308on recorded 308 recorded House House sales sales withinwithin the last 12 months (Financial Year 2018) the last the 12last months 12 months (Financial (Financial Year 2018) Year 2018) Based on a rolling 12 month period and may differ Based on a rolling 12 month period and may differ from year statistics from calendar year statistics Based on a rolling 12calendar month period and may differ Based on afrom 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 calendar year statistics from calendar from calendar year statistics year statistics
Previous Median Price: $1,200,000 Current Median Price: $1,190,000 Current Current Median Median Price: Price: $1,190,000 $1,190,000 Previous Median Price: $1,200,000 Previous Median Price: $1,200,000 Previous Previous Median Median Price:Price: $1,200,000 $1,200,000
months (Financial Year 2018) Based on recorded House sales within the 12 months (Financial Year 2018) Based on recorded House Year sales2018) within the 12 months (Financial Based Based on recorded on recorded HouseHouse sales sales withinwithin the 12the 12 months (Financial Year 2018) months months (Financial (Financial Year 2018) Year 2018) Based on a rolling 12 month period and may differ
Based onBased 683 recorded House sales compared over the over last two on 683 recorded House sales compared the last two rollingsales 12rolling month periods 12 month periods Based on 683 recorded House compared over the last two Based on 683 recorded House sales periods compared over the last two rolling 12 month Based onBased 683 recorded on 683 House House compared sales compared over the over last two the last two rolling 12recorded month sales periods rolling 12rolling month12 periods month periods
Based on a rolling 12 month period and may differ from year statistics from calendar year statistics Based on a rolling 12calendar month period and may differ Based on afrom 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 calendar year statistics from calendar from calendar year statistics year statistics
PATRICE PATRICE Recently Sold Properties PATRICE PATRICE PATRICE
26 WITONGA CRESCRES 26 WITONGA 26 WITONGA CRES 26 WITONGA CRES 26 WITONGA 26 WITONGA CRESCRES
PATRICE use highlighted properties use highlighted properties use highlighted properties use highlighted properties use highlighted use properties properties 9 CAMERON AVEhighlighted 9 CAMERON AVE
33 BRUCEDALE DR DR 33 BRUCEDALE 33 BRUCEDALE DR 33 BRUCEDALE DR 33 BRUCEDALE 33 BRUCEDALE DR DR
$1,088,000 26 WITONGA CRES 27beds | 2PL bathsPL | 2 cars 696 m² 7 WYNDHAM WYNDHAM 7 WYNDHAM PL 7 WYNDHAM PL 7 WYNDHAM 7 WYNDHAM PL PL
$1,165,000 33 BRUCEDALE DR 4 beds baths | 1 car 11A CHELSEA AVE 11A| 2 CHELSEA AVE 696 m² 11A CHELSEA AVE 11A CHELSEA AVE 11A CHELSEA 11A CHELSEA AVE AVE
$1,335,000 7 WYNDHAM PL 5 beds | 2 baths | 2 cars 995 m²
9 CAMERON AVE 9 CAMERON AVE 9 CAMERON 9 CAMERON AVE AVE
$1,022,000 9 CAMERON AVE 4 beds |41BRUCEDALE bath | 1 DR car 696 4 BRUCEDALE DR m² 4 BRUCEDALE DR 4 BRUCEDALE DR 4 BRUCEDALE 4 BRUCEDALE DR DR
$840,000 11A CHELSEA AVE 3 beds | 1 bath | 1 car 449 m²
22 RAILWAY ST ST KALIMNA DRWhite 22 RAILWAY KALIMNA DR Source: pricefinder.com.au | Properties included may/may7not be7sold by Ray 22 RAILWAY ST 7 KALIMNA DR 22 RAILWAY ST 7 KALIMNA DR 22 RAILWAY 22 RAILWAY ST ST 7 KALIMNA 7 KALIMNA DR DR $1,725,000 $1,725,000
$983,000 4 BRUCEDALE DR 3 beds | 1 bath | 2 cars 696 m²
19 MYEE CRESCRES 19 MYEE 19 MYEE CRES 19 MYEE CRES 19 MYEE 19 MYEE CRESCRES $1,040,000 $1,040,000
$1,060,000 $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 Based 153 on recorded 153 recorded recorded UnitUnit sales Unit sales within sales within the within the the Based on 153 aon rolling 12 month period and may differ lastlast 12 months last 12 from months 1212months (Financial (Financial (Financial Year Year 2018) Year 2018) 2018) calendar year statistics Based on a rolling month period and may differ from calendar year statistics QUICK FACTS
Based Based onBased a on rolling a on rolling 12 a rolling month 12 month 12 period month period and period may and may and differmay differdiffer 11/17from -21from MERYLL AVE Suburb Growth calendar from calendar calendar year year statistics year statistics statistics
HOUSE
11/17 -21 MERYLL AVE 11/17 -21 MERYLL AVE
-0.8%
11/17 11/17 -21 11/17 -21 MERYLL -21 MERYLL MERYLL AVE 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 Current Median Median Median Price: Price: $786,500 Price: $786,500 $786,500 rolling 12 month periods Based on 415 recorded Unit sales compared over the last two Previous Previous Previous Median Median Median Price: Price: $787,500 Price: $787,500 $787,500 rolling 12 month periods
months (Financial 2018) Based on recorded Unit salesYear within the 12 months (Financial Based on a rolling 12Year month2018) period and may differ from year statistics Based Based on Based recorded on on recorded Unit Unit sales Unit sales within sales within the within the 12 the 12 12 Based on arecorded rolling 12calendar month period and may differ months months months (Financial (Financial (Financial YearYear 2018) Year 2018) 2018) from year statistics Based on a rolling 12calendar month period and may differ
Based on 415 recorded Unit sales compared over the last two rolling 12 month periods
QUICK FACTS
from calendar year statistics
BasedBased on 415 Based onrecorded 415 onrecorded 415Unit recorded sales Unit sales compared Unit sales compared over compared the overlast the over two last thetwo last two 8/21 JENNER ST rollingrolling 12 month rolling 12 month periods 12 month periods periods
# Sold Properties 8/21 JENNER ST 308 8/21 JENNER ST
UNIT
Suburb
15/3-9 ARNDILL AVE -0.1% 153 15/3-9 ARNDILL AVE
8/218/21 JENNER 8/21 JENNER JENNER ST ST ST
$650,000
Based Based onBased a on rolling a on rolling 12 a rolling month 12 month 12 period month period and period may and may and differmay differdiffer 15/3-9 AVE Growth # ARNDILL Sold Properties from from calendar from calendar calendar year year statistics year statistics statistics
15/3-9 15/3-9 15/3-9 ARNDILL ARNDILL ARNDILL AVE AVE AVE
$960,000
$875,000
11/17 - 21 MERYLL AVE 10/3 THE COTTELL WAY bedsCOTTELL | 1 baths |WAY 2 cars 10/32THE 10/3 THE COTTELL WAY
8/21 ST 2/27JENNER COOK ST 3 beds | 2 baths 2/27 COOK ST | 2 cars 2/27 COOK ST
15/3-9 ARNDILL AVE 89/1 MERYLL AVE 3 beds | 2 baths |AVE 2 cars 89/1 MERYLL 89/1 MERYLL AVE
10/310/3 THE 10/3 THE COTTELL THE COTTELL COTTELL WAY WAY WAY
2/272/27 COOK 2/27 COOK COOK ST ST ST
89/189/1 MERYLL 89/1 MERYLL MERYLL AVE AVE AVE
$925,000 10/3 THE COTTELL WAY 3 beds | 2 baths | 2 cars
$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
$815,000 89/1 MERYLL AVE 3 beds | 2 baths | 2 cars 5
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
10
AMPHITHEATRE CCT
2/6/2018
929m2
$1,493,500
4
13
TAMBOURA AVE
17/6/2018
702m2
$1,425,000
5
63
WATKINS RD
2/6/2018
803m2
$1,400,000
6
52
AMPHITHEATRE CCT
19/7/2018
929m2
$1,350,000
7
7
WYNDHAM PL
31/8/2018
995m2
$1,335,000
8
79
CROPLEY DR
2/6/2018
750m2
$1,330,000
9
13
COOLOCK CRES
4/8/2018
744m2
$1,300,000
10
21
ARTHUR ST
30/6/2018
740m2
$1,290,000
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
5/20
JAMES ST
29/6/2018
$960,000
3
9/9
OAKLAND AVE
29/8/2018
$930,000
4
1/25
JENNER ST
2/8/2018
$928,000
5
10/3
THE COTTELL WAY
6/8/2018
$925,000
6
13/3
THE COTTELL WAY
6/6/2018
$905,000
7
4/8
KENNETH AVE
7/7/2018
$895,000
8
15/3
ARNDILL AVE
31/8/2018
$875,000
9
11/31
BRODIE ST
27/7/2018
$870,000
10
6/17
CONIE AVE
8/7/2018
$865,000
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 AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
$1,000,000
NUMBER OF SALES
$1,100,000
SEP
MEDIAN SALE PRICE
25
MONTH
Number of sales
Median sale price
9
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
27
28
$700K-$800K
1
38
39
8%
$800K-$900K
10
27
37
8%
$900K-$1M
25
29
54
$1M-$1.25M
151
6
157
$1.25M-$1.5M
68
2
70
$1.5M-$1.75M
19
2
21
$1.75M-$2M
3
1
4
$2M-$2.5M
1
>$3M
5
1
3% 6%
$1M-$1.25M
11% 33% 15% 4% 1%
1
0%
6
1%
157 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
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
David Xiao 0433 009 018
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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