Bella Vista Market Report | Summer 2018
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome Throughout 2018 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 (opening in 2019), 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. As we draw near to Christmas, Ray White Castle Hill is once again supporting the Little Ray of Giving campaign - Ray White’s very own Christmas charity initiative that has since inception helped thousands of underprivileged people in our communities. This year, Ray White Castle Hill has chosen to support the Jesuit Refugee Service and throughout November and December, our office is requesting donations of nonperishable food items to be placed under our Christmas tree in the reception area. We would also like to, on behalf of the team at Ray White Castle Hill, take this opportunity to thank our local community for their continued support throughout 2018 and we look forward to assisting you with your property needs in 2019. We wish you all a very Merry Christmas and a prosperous New Year!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
3
es
Based on 49 recorded House sales within the last 12 months (Oct '17 - Sep '18)
Current Median Price: $1,630,000 Previous Median Price: $1,702,000
Recently Sold Properties
Based on a rolling 57 Brighton Rd 12 month period and may differ from calendar year statistics
6 SALVESTRO PL
# Sold Properties
Based on 128 recorded House sales compared over the last two 6 SALVESTRO PL rolling 12 month periods
Based on recorded House sales within the 12 months (Oct '17 - Sep '18) Based on a rolling 12 month period and may differ
9 COUNTRYfrom CLUB CCT calendar year statistics 91 BRIGHTON DR 42 PRESTIGE AVE
COUNTRY 13 9MAGNEY PLCLUB CCT
4 IS
49 Based on recorded House sales within the 12 months (Oct '17 - Sep '18) two
$1,408,000 Based on a rolling 12 month period and may differ from calendar year statistics
6 SALVESTRO PL 91 BRIGHTON 4 beds | 3DR baths | 2 cars 710 m² 6 SALVESTRO PL 42 PRESTIGE AVE
$1,560,000 13 MAGNEY PL
beds | 3 baths 45 ISABELLA CL | 2 cars 747 m² 9 COUNTRY CLUB CCT
4 ISABELLA CL
27 BRIGHTON DR
$1,500,000 42 PRESTIGE AVE 4 beds | 2 baths | 2 cars 701 m²
$2,175,000 9 COUNTRY CLUB CCT 5 beds | 3 baths | 3 cars
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
4 ISABELLA CL
$1,310,000 91 BRIGHTON DR 327 beds | 2 bathsDR | 4 cars 290 m² BRIGHTON
$2,300,000 27 BRIGHTON DR 4 beds | 4 baths | 3 cars 746 m²
Based on 58 recorded House sales within the last 12 months (Oct '17 - Sep '18) Based on 58 recorded House sales within the last 12 months (Oct '17 - Sep '18) Based on a rolling 12 month period and may differ
QUICK FACTS Based on a rolling 12 month period and may differ
$1.61m
-5.1%
5 ADELAIDE GRGR 5 ADELAIDE
Based on recorded House sales within the 12 months (Oct '17 - Sep '18) Based on recorded House sales within the 12 months (Oct '17 - Sep '18) Based on a rolling 12 month period and may differ
Based on 137 recorded House sales compared over the last two rolling 12 month periods
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 137 recorded House sales compared over the last two rolling 12 month periods
from calendar year statistics
from calendar year statistics Median Sale Price Suburb Growth
Previous Median Price: $1,702,000 Current Median Price: $1,615,000 Previous Median Price: $1,702,000
# Sold Properties
58
27 SPRINGFIELD CRES 27 SPRINGFIELD CRES 2 WADDELL RDRD 2 WADDELL
10 10 IBIS PLPL IBIS
$1,517,000
$1,225,000
5 ADELAIDE GR 4 beds | 3 baths | 3 cars 823 m² 21 21 BRIDGEVIEW BRIDGEVIEW CCT CCT
10 IBIS PL 4 beds | 2 baths | 2 cars 290 m² 4 WOODBRIDGE 4 WOODBRIDGE PL PL
34 34 FRANCESCO CRES FRANCESCO CRES
42 42 PRESTIGE AVE PRESTIGE AVE
$2,610,000 21 BRIDGEVIEW CCT 5 beds | 5 baths | 3 cars 670 m²
from calendar year statistics
27 SPRINGFIELD CRES 4 beds | 2 baths | 2 cars 708 m² 4 ISABELLA CL 30 30 BRIDGEVIEW BRIDGEVIEW CCT CCT 4 ISABELLA CL
$2,508,000 4 WOODBRIDGE PL 5 beds | 3 baths | 3 cars 720 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$1,250,000
$1,390,000 4 ISABELLA CL 4 beds | 2 baths | 2 cars 757 m² 5
Bella Vista | recent sales Address
Sold date
Land size
Price
27
PINE CRES
26/10/2018
741.4 m²
$1,525,000
26
PROVIDENCE DR
24/10/2018
700.2 m²
$1,660,000
27
SPRINGFIELD CRES
10/10/2018
708.5 m²
$1,250,000
13
IBIS PL
8/10/2018
321 m²
$1,350,000
11
OBSERVATORY RIUSE
4/10/2018
722 m²
$1,925,000
65
BRIGHTON DRIVE
28/8/2018
739 m²
$2,520,000
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 12
$2,200,000
11 10
$2,000,000
9 $1,800,000
8 7
$1,600,000
6
4 3
$1,200,000
2 1
$1,000,000 OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
0
NUMBER OF SALES
$1,400,000
NOV
MEDIAN SALE PRICE
5
MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Past 12 months House
Unit
$400K-$500K
1
1
1%
Past 12 Months
$600K-$700K
1
1
1%
81 Sales
$800K-$900K
2
2
$900K-$1M
7
7
2
6
2% 9% 7%
$1M-$1.25
4
$1.25M-$1.5M
19
19
$1.5M-$1.75M
14
14
$1.75M-$2M
8
8
10%
$2M-$2.5M
8
8
10%
$2.5M-$3M
7
7
>$3M
3
3
23% 17%
9% 4%
$1.25M-$1.5M 19 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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