Bella Vista & Bella Vista Waters Market Report Winter 2018
Ray White Castle Hill is the proud sponsor of
Welcome 2018 has certainly been an interesting year not only in the real estate market, but markets across the board including Australian stocks, banking and the lending industries. Whilst this has provided numerous headlines across our state and national media and no doubt, interesting debates across the dinner table, more locally however, we have seen our real estate market most decidedly enter into a new phase- a phase that we refer to as a “normal” market. This begs the question “what is a normal market”? Property owners in Sydney over the past few years have seen their homes increase substantially in value – some areas even by double. The Hills has experienced an approx. 20% increase in property values since the commencement of the North West Rail Link. This increase was further fuelled by record low interest rates, robust foreign investment, easy to obtain finance, a strong economy and buyer demand, thus leading to a housing boom where it would be common to sell after the first open home and Auction clearance rates at all-time highs.
The shift to a more normal market has been gradual since early 2017 and one that was led by the Government changes to rules relating to foreign investment and ownership (announced in the 2017/2018 Budget), the closing in of supply and demand and more recently, much tighter lending conditions. Despite all this, the Hills District remains in high demand! Days on market has definitely increased, Auction clearance rates have shifted and the gap between buyer and seller expectation is occasionally askew, however good results are still being achieved by our Sales Executives. Our team’s ability to adapt and implement changes to meet the current environment has been critical for the success of our clients…..and the results show. Latest figures indicate that Ray White Castle Hill has the highest market share in the area – doubling since this time last year, our days on market are on average are the lowest compared to other agencies and positive testimonials flood in daily.
It’s these testimonials and feedback that continue to drive our team to work even harder for our clients and help validate why we all love working in this industry. We see it more than just a transaction. We view real estate as the matchmaking of a property to a buyer, helping dreams become realities, being a partner in creating wealth for clients and assisting those entering into a new chapter of life, be it: first time home buyer, investor, downsizer, retiree or the growing family, etc. Should we be able to assist you with your property needs, please don’t hesitate to 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 Basedon on62 62recorded recordedHouse Housesales saleswithin withinthe the last last12 12months months(Apr (Apr'17 '17- -Mar Mar'18) '18)
Current CurrentMedian MedianPrice: Price:$1,755,000 $1,755,000 Previous PreviousMedian MedianPrice: Price:$1,530,000 $1,530,000
Based Basedon onrecorded recordedHouse Housesales saleswithin withinthe the12 12 months months(Apr (Apr'17 '17- -Mar Mar'18) '18)
Based Basedon onaarolling rolling12 12month monthperiod periodand andmay maydiffer differ from fromcalendar calendaryear yearstatistics statistics
Based Basedonon143 143recorded recordedHouse Housesales salescompared comparedover overthe thelast lasttwo two rolling rolling1212month monthperiods periods
Based Basedon onaarolling rolling12 12month monthperiod periodand andmay maydiffer differ from fromcalendar calendaryear yearstatistics statistics
Recently sold properties
19 19STONYBROOK STONYBROOKTCE TCEBVW BVW
33DE DEVILLIERS VILLIERSRISE RISEBVW BVW
12 12BIMBADGEN BIMBADGENPL PLBVW BVW
$2,721,000 $2,721,000
$2,721,000
Apr Apr
2018 2018 2424 Days Days
759 759m² m²
55
44
33
19 STONYBROOK TCE, BELLA VISTA WATERS 5 bed | 4 bath | 3 garages 759 m²
33MIDDLEBROOK MIDDLEBROOKRISE RISEBVW BVW 3 MIDDLEBROOK RISE BVW 44RESTON RESTONGRA GRABV BV
$2,750,000 3 DE VILLIERS RISE, BELLA VISTA WATERS 5 bed | 3 bath | 3 garages 800 m²
12 12MIDDLEBROOK MIDDLEBROOKRISE RISEBVW BVW 12 MIDDLEBROOK RISE BVW 70 70BINGARA BINGARACRES CRESBV BV
$2,100,000 3 MIDDLEBROOK RISE, BELLA VISTA WATERS 5 bed | 4 bath | 2 garages 741 m²
$2,400,000 12 MIDDLEBROOK RISE, BELLA VISTA WATERS 5 bed | 4 bath | 3 garages 793 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
65 65BRIGHTON BRIGHTONDR DRBVW BVW
77SPRINGFIELD SPRINGFIELDCRES CRESBV BV
$2,750,000 12 BIMBADGEN PL, BELLA VISTA WATERS 5 bed | 4 bath | 3 garages 701 m² 18 18RAVENSWOOD RAVENSWOODRISE RISEBVW BVW 19 19 BELLA BELLA VISTA VISTA DR DRRISE BV BV BVW 18 RAVENSWOOD
$2,300,000 18 RAVENSWOOD RISE, BELLA VISTA WATERS 5 bed | 4 bath | 3 garages 730 m² 10 10WARDINGTON WARDINGTON RISE RISEBV BV
6 SPRINGFIELD CRES BV 6 SPRINGFIELD CRES BV
OOD WAY BV Apr WESTWOOD WAY BV 2018
Suburb5 Growth Median 24 Days Sale Price 759 m² 4
$1.75m
+14.7%
15 WESTWOOD WAY BV 4 RESTON OOD WESTWOOD WAY BVWAYGRA BVBV
#3 Sold Properties
64
6 SPRINGFIELD CRES BV 6 SPRINGFIELD 6 SPRINGFIELD CRES BVCRES 70 BINGARA CRES BV BV
$1,540,000
$1,345,000
DR BV SPRINGFIELD CRES, BELLA VISTA 15 WESTWOOD WAY, BELLA VISTA 19 BELLA6 VISTA 19 BELLA VISTA DR BV 5 bed | 2 bath | 2 garages 662 m² 5 bed | 2 bath | 2 garages 836 m² 7 SPRINGFIELD CRES BV
65 BRIGHTON DR BVW
19 BELLA VISTA DR BV 19 BELLA 19VISTA BELLADR VISTA BV DR BV
$2,720,000 65 BRIGHTON DR, BELLA VISTA 4 bed | 4 bath | 3 garages 739 m²
7 SPRINGFIELD CRES BV 7 SPRINGFIELD CRES BV
$1,540,000 19 BELLA VISTA DR, BELLA VISTA 4 bed | 2 bath | 2 garages 801 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
7 SPRINGFIELD CRES 19 BELLA VISTA DR BV 7 SPRINGFIELD 7 SPRINGFIELD CRES BVCRES BV
$1,650,000
RESTON GRA BVBELLA VISTA 74SPRINGFIELD CRES, 4 RESTON GRA BV 5 bed | 3 bath | 2 garages 948 m² 10 WARDINGTON RISE BV
4 RESTON GRA BV 4 RESTON 4 RESTON GRA BV GRA BV
$1,501,000 4 RESTON GRA, BELLA VISTA 4 bed | 3 bath | 3 garages 737 m² 5
Prepared on 16/04/2018 by Ray White Castle Hill , 07 3231 2200 at Ray White Corporate Default. © Property Data Solutions Pty Ltd 2018 (pricefinder.com.au)
Bella Vista | Top 5 house sales Address
Sold date
Land size
Price
1
10
WARDINGTON RISE
15/2/2018
819m2
$2,220,000
2
15
WESTWOOD WAY
27/4/2018
662m2
$1,540,000
3
19
BELLA VISTA DR
10/4/2018
801m2
$1,540,000
4
4
RESTON GRA
30/3/2018
737m2
$1,501,000
5
32
RIDGEHAVEN PL
5/5/2018
524m2
$1,490,000
Properties included may/may not be sold by Ray White
Bella Vista Waters | Top 5 house sales Address
Sold date
Land size
Price
1
30
BRIDGEVIEW CCT
26/4/2018
753m2
$3,450,000
2
3
DE VILLIERS RISE
13/4/2018
800m2
$2,750,000
3
12
BIMBADGEN PL
26/3/2018
701m2
$2,750,000
4
19
STONYBROOK TCE
14/4/2018
759m2
$2,721,000
5
65
BRIGHTON DR
24/3/2018
739m2
$2,720,000
Properties included may/may not be sold by Ray White
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How to keep warm this winter What can you do to stay warm at home? By Ines Gruber Source: https://www.choice.com.au/home-and-living/heating/home-heating/ articles/how-to-keep-warm-this-australian-winter-170915
If you want to feel warm at home long term and also save money you need a plan that goes beyond beanies and ugg boots. Here are some practical solutions to beat the winter chill: Insulate: It is the best way to keep the heat in winter in and in summer out. Average households with ceiling wall and under floor insulation can save around $450 per year on energy bills. Seal up gaps and cracks: If you add up all the cracks and gaps in an average home, it would be the equivalent of having a 1 metre by 1.5 metre window open all the time. They can account for up to 15-20% of heat loss. Seal windows and use curtains: That will not only help you to keep warm in winter, but cool in summer. Up to 40% of our heating energy can be lost through the windows. Look for possible draught culprits: Not only windows, but doors can be an issue. If you’re just heating one room or living area, close its doors and windows to keep in the heat. A simple door snake or a rolled up towel can also help stop any draughts, especially in older houses where the doors might have larger gaps at floor level.
Cover the floor with rugs: They act as insulation between your feet and the cold, hard floor. Reverse ceiling fans: Most models have a reverse switch. It turns the blades anti-clockwise and pushes the warm air from your heating system from the ceiling (remember, warm air rises) back down. Maintain your heaters: Get them serviced professionally every few years to keep them running more efficiently; gas heaters in particular should be well-maintained to ensure safe operation. Close up any rooms you don’t use and turn off the heating there.
Median house prices 12
$2,200,000
11 10
$2,000,000
9 $1,800,000
8 7
$1,600,000
6
$1,400,000
4 3
$1,200,000
2 1
$1,000,000 APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
0
NUMBER OF SALES
MEDIAN SALE PRICE
5
SALE MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Last 12 months House
Unit
$400k-$500k
1
1
1%
Last 12 months
$600k-$700k
1
1
1%
83 sales
1% 1%
$700k-$800k
1
1
$900k-$1M
1
1
3
4
$1M-$1.25
1
$1.25M-$1.5M
18
18
$1.5M-$1.75M
16
16
$1.75M-$2M
8
8
$2M-$2.5M
16
16
$2.5M-$3M
7
7
>$3M
3
3
5% 22% 19% 10% 19% 8% 4%
$1.25M-$1.5M 18 sales
Your 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
Hilda Bandiera 9680 2255
Paul Conti 0414 981 005
Robbie Awad 0428 888 648
Joseph Meyer 0417 675 741
Phil Haq 0452 054 290
Joel Simpson 0450 907 598
Hannah Dowling 9680 2255
Peter Iann 0488 002 222
Brendan Wein 0431 618 086
Tony Yee 02 9680 2255
Warren Tam 0412 067 934
Yong Park 0402 486 424
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au