Bella Vista Market Report | Summer 2019
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome As we recover from the Christmas/ New Year festivities and reflect on what can only be described as a tumultuous year, it’s safe to say that Australia’s love affair with real estate was, and continues to be, tested, leaving no one immune to the changing market conditions throughout the country. 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 been 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 enjoyed a strong year in 2018, where demand for housing in the district continued. Yes, days on market in most cases was longer than the previous 12 months, and yes, numbers were down at auctions, however, the results our office achieved for our clients displayed 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 this year), 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. We look forward to assisting you with your property needs throughout 2019.
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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Current Current Current Median Median Median Price: Price: Price: $1,540,000 $1,540,000 $1,540,000 Current Current Current Median Median Median Price: Price: Price: $1,540,000 $1,540,000 $1,540,000 Previous Previous Previous Median Median Median Price: Price: Price: $1,750,000 $1,750,000 $1,750,000 Previous Previous Previous Median Median Median Price: Price: Price: $1,750,000 $1,750,000 $1,750,000
Based Based Based onon 43 43 on recorded recorded 43 recorded House House House sales sales within sales within within thethe the Based Based Based onon 43last 43 on recorded recorded 43 recorded House House House sales sales within sales within within thethe the last 12last 12 months months 12 months (2018) (2018) (2018) last last 12last 12 months months 12 months (2018) (2018) (2018) Based Based on Based on a rolling aon rolling a12 rolling 12 month month 12 period month period and period and may and may differ may differdiffer calendar calendar calendar year statistics year statistics statistics Based Based on Based on afrom rolling afrom on rolling afrom 12 rolling 12 month month 12year period month period and period and may and may differ may differdiffer from from calendar from calendar calendar year year statistics year statistics statistics
QUICK FACTS
rolling rolling 12rolling month 12 month 12 periods month periods periods
Median Sale Price
$1.54m
1111 CALLANDER CALLANDER 11 CALLANDER PLPL PL 1111 CALLANDER CALLANDER 11 CALLANDER PLPL PL
$1,970,000 11 STONYBROOK TCE 5 beds | 3 baths | 3 cars 820 m²
3737 BELLA BELLA 37 BELLA VISTA VISTA VISTA DRDRDR 3737 BELLA BELLA 37 BELLA VISTA VISTA VISTA DRDRDR
Based Based on Based on a rolling aon rolling a12 rolling 12 month month 12 period month period and period and may and may differ may differdiffer calendar calendar calendar year statistics year statistics statistics Based Based on Based on afrom rolling afrom on rolling afrom 12 rolling 12 month month 12year period month period and period and may and may differ may differdiffer from from calendar from calendar calendar year year statistics year statistics statistics
Based Based onBased 121 on 121 recorded onrecorded 121 recorded House House sales House sales compared sales compared compared overover the the last overlast two thetwo last two rolling rolling 12 rolling month 12 month 12 periods month periods periods Based Based onBased 121 on 121 recorded onrecorded 121 recorded House House sales House sales compared sales compared compared overover the the last overlast two thetwo last two
Recently Sold
1111 STONYBROOK STONYBROOK 11 STONYBROOK TCE TCE TCE 1111 STONYBROOK STONYBROOK 11 STONYBROOK TCE TCE TCE
Based Based Based onon recorded recorded on recorded House House House sales sales within sales within within thethe 12the 12 12 Based Based Based onon recorded recorded on months recorded House House House sales sales within sales within within thethe 12the 12 12 months months (2018) (2018) (2018) months months months (2018) (2018) (2018)
Suburb Growth
-12%
# Sold Properties
43
1616 ASHBURN ASHBURN 16 ASHBURN CLCL CL 1616 ASHBURN ASHBURN 16 ASHBURN CLCL CL
$2,540,000
$1,610,000
16 ASHBURN CL 5 beds | 3 baths | 3 cars 753 m²
11 CALLANDER PL 4 beds | 2 baths | 2 cars
2626 PROVIDENCE PROVIDENCE 26 PROVIDENCE DRDRDR 2626 PROVIDENCE PROVIDENCE 26 PROVIDENCE DRDRDR
$1,500,000 37 BELLA VISTA DR 4 beds | 2 baths | 2 cars 759 m²
$1,660,000 26 PROVIDENCE DR 5 beds | 3 baths | 3 cars
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White 2727 PINE PINE 27 PINE CRES CRES CRES 7272 BELLA BELLA 72 BELLA VISTA VISTA VISTA DRDRDR 2727 PINE PINE 27 PINE CRES CRES CRES 7272 BELLA BELLA 72 BELLA VISTA VISTA VISTA DRDRDR
$1,525,000 $1,525,000 $1,525,000
5 ROXBURGH 5 ROXBURGH 5 ROXBURGH PLPL PL 5 ROXBURGH 5 ROXBURGH 5 ROXBURGH PLPL PL
700 m²
$1,390,000 5 ROXBURGH PL 4 beds | 3 baths | 2 cars 775 m² 1313 IBIS IBIS 13 PL IBIS PL PL 1313 IBIS IBIS 13 PL IBIS PL PL
$1,030,650 $1,030,650 $1,030,650
$1,350,000 $1,350,000 $1,350,000
Bella Vista | recent sales Address
Sold date
Land size
Price
1
60
FRANCESCO CRES
20/12/2018
700m2
$1,538,888
2
7
ASHBURN CL
10/12/2018
670m2
$2,300,000
3
37
LINDEN WAY
1/12/2018
311m2
$1,180,000
4
11
STONYBROOK TCE
27/11/2018
820m2
$1,970,000
5
16
ASHBURN CL
29/10/2018
753m2
$2,540,000
Properties included may/may not be sold by Ray White Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
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BY PETER IANN! 11 Stonybrook Terrace, Bella Vista
BY PETER IANN! 2 Bingara Cres Bella Vista
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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 DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
0
NUMBER OF SALES
$1,400,000
JAN 2018
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
2%
Past 12 Months
$600K-$700K
1
1
2%
65 Sales
$800K-$900K
2
2
$900K-$1M
6
6
$1M-$1.25
4
4
$1.25M-$1.5M
14
14
$1.5M-$1.75M
11
11
$1.75M-$2M
4
4
$2M-$2.5M
5
5
$2.5M-$3M
6
6
>$3M
2
2
3% 9% 6% 22% 17% 6% 8% 9% 3%
$1.25M-$1.5M 14 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
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
Joel Simpson 0450 907 598
Peter Iann 0488 002 222
Jayden Potten 0402 604 828
Tony Yee 02 9680 2255
Warren Tam 0412 067 934
Joseph Meyer 0417 675 741
David Xiao 0433 009 018
Siobhan Robinson 9680 2255
Michael Karanicolas 0411 062 888
Brendan Jackson 0404 088 783
Hannah Dowling 9680 2255
Stella Zhang 0452 557 858
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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