Bella Vista Market Report | Spring 2018
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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Recently Sold Properties
57 Brighton Rd 57 Brighton Rd Rd 57 Brighton
6 SALVESTRO PL 6 SALVESTRO PL PL 6 SALVESTRO
9 COUNTRY CLUB CCT 9 COUNTRY CLUB CCTCCT 9 COUNTRY CLUB
57 57Brighton 57 Brighton Brighton Rd RdRd
66SALVESTRO SALVESTRO 6 SALVESTRO PL PL PL
99COUNTRY COUNTRY 9 COUNTRY CLUB CLUB CLUB CCT CCT CCT
$1,575,000 57 BRIGHTON DR
$1,408,000 6 SALVESTRO PL
91 BRIGHTON 756 m² DR 91 BRIGHTON DR DR 91 BRIGHTON
beds | 3 baths 44 ISABELLA CL | 2 cars 710 m² 4 ISABELLA CL CL 4 ISABELLA
91 91BRIGHTON 91 BRIGHTON BRIGHTON DR DRDR
44ISABELLA ISABELLA 4 ISABELLA CL CLCL
$1,310,000 91 BRIGHTON DR 3 beds | 2 baths | 4 cars 290 m²
9 COUNTRY CLUB CCT 527 beds | 3 bathsDR | 3 cars BRIGHTON 27 BRIGHTON DR DR 27 BRIGHTON
27 27BRIGHTON 27 BRIGHTON BRIGHTON DR DRDR
$1,390,000 4 ISABELLA CL 4 beds | 2 baths | 2 cars 757 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$2,175,000
$2,300,000 27 BRIGHTON DR 4 beds | 4 baths | 3 cars 746 m²
Based on 66 recorded House sales within the last 12 months (Apr '17 - Mar '18)
Current Median Price: $1,750,000 Previous Median Price: $1,530,000
Based on recorded House sales within the 12 months (Apr '17 - Mar '18)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 147 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
QUICK FACTS Median Sale Price
$1.7m
5 ADELAIDE 5 ADELAIDE GR GR 5 ADELAIDE GR
Suburb Growth
+6.4%
5 ADELAIDE GRGR 5 ADELAIDE
# Sold Properties 10PL IBIS PL 10 IBIS 62 10 IBIS PL
2 WADDELL 2 WADDELL RD RD 2 WADDELL RD
10 10 IBIS PLPL IBIS
2 WADDELL RDRD 2 WADDELL
$1,517,000 5 ADELAIDE GR 4 beds | 3 baths | 3 cars 823 m² 34 FRANCESCO CRES 34 CRES 13FRANCESCO NICHOLAS CL, BELLA 34 FRANCESCO CRES VISTA 34 34 FRANCESCO CRES FRANCESCO CRES
$1,225,000 10 IBIS PL 4 beds | 2 baths | 2 cars 290 m² 42 PRESTIGE AVE BELLA VISTA 10 PRESTIGE WARDINGTON 42 AVERISE, 42 PRESTIGE AVE
$1,370,000 2 WADDELL RD 715 m²
70 BINGARA CRES, BELLA VISTA
42 42 PRESTIGE AVE PRESTIGE AVE
$1,310,000 34 FRANCESCO CRES 4 beds | 2 baths | 2 cars 908 m²
$1,500,000 42 PRESTIGE AVE 4 beds | 2 baths | 2 cars 701 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$1,263,000 70 BINGARA CRES 4 beds | 2 baths | 2 cars 700 m² 5
Bella Vista | recent sales Address
Sold date
Land size
Price
57
BRIGHTON DR
4/9/2018
756m2
$1,575,000
6
SALVESTRO PL
1/9/2018
710m2
$1,408,000
9
COUNTRY CLUB CCT
17/8/2018
737m2
$2,175,000
91
BRIGHTON DR
6/8/2018
290m2
$1,310,000
4
ISABELLA CL
4/8/2018
757m2
$1,390,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
27
BRIGHTON DR
26/7/2018
746m2
$2,300,000
5
ADELAIDE GR
20/7/2018
823m2
$1,517,000
10
IBIS PL
9/7/2018
290m2
$1,225,000
2
WADDELL RD
2/6/2018
715m2
$1,370,000
34
FRANCESCO CRES
15/6/2018
908m2
$1,310,000
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 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 AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
0
NUMBER OF SALES
$1,400,000
SEP
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%
$800K-$900K
1
1
1%
6
6
2
5
$900K-$1M $1M-$1.25
3
$1.25M-$1.5M
19
19
$1.5M-$1.75M
12
12
$1.75M-$2M
9
9
$2M-$2.5M
11
11
$2.5M-$3M
5
5
>$3M
2
2
Past 12 Months 77 Sales 8% 6% 25% 16%
19 Sales
12% 12% 7% 3%
$1.25M-$1.5M
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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