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
3
Recently Sold Properties
28 CROSS 28 CROSS 28 CROSS ST ST ST
6 HENRY 6 HENRY 6 HENRY ST ST ST
3 DANIEL 3 DANIEL 3 DANIEL AVE AVEAVE
28 28 CROSS CROSS 28 ST CROSS ST ST
6 HENRY 6 HENRY 6 ST HENRY ST ST
3 DANIEL 3 DANIEL 3 DANIEL AVE AVE AVE
$1,850,000 28 CROSS ST 521 beds | 4 baths | 4 cars 835 m² ARTHUR 21 ARTHUR 21 ARTHUR ST ST ST
$1,135,000 6 HENRY ST 3 beds | 2MURRILLS baths | 1 cars 927 m² 25A CRES 25A25A MURRILLS MURRILLS CRES CRES
21 21 ARTHUR ARTHUR 21 ARTHUR STST ST
25A 25A MURRILLS MURRILLS 25A MURRILLS CRES CRESCRES
$1,290,000 21 ARTHUR ST 3 beds | 1 baths | 1 cars
pricefinder.com.au | Properties included may/may not be sold by Ray White 10 CRES MYEE CRES 10 MYEE 10 Source: MYEE CRES
10 10 MYEE MYEE 10CRES MYEE CRESCRES
$990,000
3 DANIEL AVE 3 beds |21 2 baths | 1 cars AVE 702 m² BERESFORD 21 BERESFORD 21 BERESFORD AVE AVE 21 21 BERESFORD BERESFORD 21 BERESFORD AVE AVE AVE
$1,220,000 25A MURRILLS CRES 5 beds | 3 baths | 1 cars
751 m²
$1,160,000
696 m²
$1,142,000 21 BERESFORD AVE 4 beds | 2 baths | 3 cars
727 m²
2 KOORABEL 2 KOORABEL 2 KOORABEL PL PL PL 2 KOORABEL 2 KOORABEL 2 KOORABEL PLPL PL
$1,225,000
lastlast 12 last months 12 months 12 months (Financial (Financial (Financial YearYear 2018) Year 2018) 2018) Based Based Based on 147 on 147 on recorded 147 recorded recorded UnitUnit sales Unit sales within sales within the within the the last last 12alast months 12 months 12 months (Financial (Financial (Financial Year Year 2018) Year 2018) 2018) Based Based onBased on rolling aon rolling 12 a rolling month 12 month 12period month period and period may and and may differ may differdiffer
Previous Previous Previous Median Median Median Price: Price: $787,500 Price: $787,500 $787,500 Current Current Current Median Median Median Price: Price: $790,000 Price: $790,000 $790,000 Previous Previous Previous Median Median Median Price: Price: $787,500 Price: $787,500 $787,500
fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
BasedBased on 409 Based onrecorded 409 on recorded 409Unit recorded sales Unit sales Unit compared sales compared compared over the overlast over thetwo last thetwo last two rollingrolling 12 month rolling 12 month periods 12 month periods periods
Based Based onBased aon rolling aon rolling 12 a rolling month 12 month 12period month period and period may and and may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
BasedBased on 409 Based onrecorded 409 on recorded 409Unit recorded sales Unit sales Unit compared sales compared compared over the overlast over thetwo last thetwo last two rollingrolling 12 month rolling 12 month periods 12 month periods periods
QUICK FACTS
HOUSE
6/9 6/9 OAKLAND 6/9 OAKLAND OAKLAND AVE AVE AVE
Suburb Growth
-0.8%
6/9 6/9 OAKLAND 6/9 OAKLAND OAKLAND AVE AVE AVE
QUICK FACTS
# Sold Properties 11/44 11/44 -46 11/44 -46 JENNER -46 JENNER JENNER ST ST ST 292
UNIT
fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Based Based onBased aon rolling aon rolling 12 a rolling month 12 month 12period month period and period may and and may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Suburb Growth # Sold Properties 121/1 121/1 MERYLL 121/1 MERYLL MERYLL AVE AVE AVE +0.3% 147
11/44 11/44 -46 11/44 -46 JENNER -46 JENNER JENNER ST ST ST
$740,000
months months months (Financial (Financial (Financial YearYear 2018) Year 2018) 2018) Based Based Based on recorded on recorded on recorded UnitUnit sales Unit sales within sales within the within the 12 the 12 12 months months months (Financial (Financial (Financial Year Year 2018) Year 2018) 2018) Based Based onBased aon rolling aon rolling 12 a rolling month 12 month 12period month period and period may and and may differ may differdiffer
121/1 121/1 MERYLL 121/1 MERYLL MERYLL AVE AVE AVE
$845,000
$640,000
6/9 OAKLAND AVE 2 beds |AVE 1 baths | 1 car 4/8 4/8 KENNETH 4/8 KENNETH KENNETH AVE AVE
11/44 - 46 JENNER ST 2 beds | DOBSON 2 baths | 2CRES cars 14/49 14/49 DOBSON 14/49 DOBSON CRES CRES
121/1 MERYLL AVE 2 beds |2 baths | 1AVE carAVE 34/17 34/17 -21 34/17 -21 MERYLL -21 MERYLL MERYLL AVE
4/8 4/8 KENNETH 4/8 KENNETH KENNETH AVE AVE AVE
14/49 14/49 DOBSON 14/49 DOBSON DOBSON CRES CRES CRES
34/17 34/17 -21 34/17 -21 MERYLL -21 MERYLL MERYLL AVE AVE AVE
$895,000 4/8 KENNETH AVE 3 beds | 2 baths | 2 cars
$740,000 14/49 DOBSON CRES 3 beds | 2 baths | 2 cars
5/205/20 -26 5/20 -26 JAMES -26 JAMES JAMES ST ST ST | Properties included may/may 5/345/34 -36 5/34 OAKLAND -36 OAKLAND AVE AVE AVE Source: pricefinder.com.au not be-36 sold byOAKLAND Ray White 5/205/20 -26 5/20 -26 JAMES -26 JAMES JAMES ST ST ST
5/345/34 -36 5/34 -36 OAKLAND -36 OAKLAND OAKLAND AVE AVE AVE $960,000 $960,000 $960,000
$704,000 34/17 -21 MERYLL AVE 2 beds | 2 baths | 2 cars 12/31-35 12/31-35 12/31-35 BRODIE BRODIE BRODIE ST ST ST
12/31-35 12/31-35 12/31-35 BRODIE BRODIE BRODIE ST ST ST $863,000 $863,000 $863,000
5 $786,500 $786,500 $786,500
Top 10 House Sales Address
Sold date
Land size
Price
1
24
HILDA RD
17/5/2018
980m2
$2,020,000
2
28
CROSS ST
4/7/2018
835m2
$1,850,000
3
27
APPIAN CCT
2/5/2018
773m2
$1,628,000
4
10
AMPHITHEATRE CCT
2/6/2018
929m2
$1,493,500
5
5
HENRY ST
5/5/2018
1031m2
$1,461,000
6
13
TAMBOURA AVE
17/6/2018
702m2
$1,425,000
7
63
WATKINS RD
2/6/2018
803m2
$1,400,000
8
52
AMPHITHEATRE CCT
30/7/2018
929m2
$1,350,000
9
79
CROPLEY DR
2/6/2018
750m2
$1,330,000
10
13
COOLOCK CRES
4/8/2018
744m2
$1,300,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
5/20
JAMES ST
29/6/2018
$960,000
2
107/25
SOLENT CCT
29/5/2018
$951,500
3
13/3
THE COTTELL WAY
6/6/2018
$905,000
4
1/65
VALERIE AVE
25/5/2018
$905,000
5
12/3
CHRISTOPHER ST
27/5/2018
$900,000
6
4/8
KENNETH AVE
7/7/2018
$895,000
7
12/40
DOBSON CRES
30/5/2018
$886,000
8
21/7
CHAPEL LANE
3/5/2018
$885,799
9
5/34
OAKLAND AVE
26/6/2018
$863,000
10
1/18
PEARCE ST
27/5/2018
$860,000
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 JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
$1,000,000
NUMBER OF SALES
$1,100,000
AUG
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
1
0%
488 Sales
$300K-$400K
3%
$500K-$600K
3
14
17
$600K-$700K
1
31
32
$700K-$800K
1
39
40
$800K-$900K
9
27
36
$900K-$1M
25
27
52
$1M-$1.25M
155
8
163
$1.25M-$1.5M
75
2
77
$1.5M-$1.75M
20
2
22
$1.75M-$2M
5
1
6
1%
$2M-$2.5M
1
1
0%
>$3M
4
5
1%
1
7% 8% 7% 11%
$1M-$1.25M 33% 16%
5%
163 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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