Castle Hill Market Report | Autumn 2019
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome 2019 is now in full swing and already is shaping up to be a very interesting year in the property and finance market. Throughout 2018 the property pendulum swung back and forth, resulting in most areas around the country, levelling off and shifting into what can only be best described as a ‘post-boom’ status. What is pleasing however, is that the so-called ‘bursting of the bubble’ that so many predicted did not occur and as we near the end of the first quarter, both seller and buyer sentiment is steady and thus, demonstrating confidence in the market. What is becoming extremely clear in this current climate though is the skill of agent - their tenacity, their drive, their financial aptitude, their ability to negotiate, their effort, their adaptability, their compassion and of course, their capacity to remain focused. Blocking out the noise from the media and focusing on key property fundamentals has certainly been crucial to the success of our agency. When the ‘doom and gloom’ headlines about declining auction clearance rates were rife, Ray White Castle Hill was, and still is, experiencing on average an 84% auction clearance rate! We’re also really proud to share that our first of the year ‘in-room’
auctions held late January at Castle Hill RSL saw 9 out of 11 properties sold in one night. It was a testament to our highly educated and professional team who continuously deliver superior campaigns for their clients and ultimately, assist them in reaching property goals. As we continue to organically grow our market share in our home suburb, we are constantly striving to deliver an exceptional experience for all who engage with us. In doing so, we have identified a growing desire of buyers not only looking to purchase locally, but to also invest in ‘out of town’ areas where rental yields may be more favourable. In order to nurture this need, Ray White Castle Hill is offering a no obligation appointment with our Head of Investments, who can advise and assist you in your wealth creation through property and financial solutions. If you would like to know more, simply email your name and contact phone number to: castlehill. solutions@raywhite.com. In the coming weeks, we will also have a page on our website dedicated to this new service, so be sure to check in regularly.
We look forward to assisting you throughout 2019 and welcome your enquiries, be it selling, buying, renting, leasing or investing. Our office is open Monday – Saturday, 9am5pm and can be phoned on 02 9680 2255.
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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Based on 278 recorded House sales within the last 12 months (2018)
Current Median Price: $1,413,500 Previous Median Price: $1,635,000
Recently Sold Properties Based on a rolling 12 month period and may differ from calendar year statistics
Based on 707 recorded House sales compared over the last two rolling 12 month periods
38 DRAYTON AVE 38 38 DRAYTON AVE DRAYTON 38 DRAYTON AVE AVE 11 HERON CRT
4 TUCKWELL RD
$1,405,000 4 TUCKWELL RD 3 beds | 1 bath | 1 car 968 m² 4 GARTHOWEN CRES 4 GARTHOWEN CRES 4 GARTHOWEN 4 GARTHOWEN CRESCRES
Based on a rolling 12 month period and may differ from calendar year statistics
24 SAN GIORGIO CCT 24 24 SAN GIORGIO CCT SAN 24 GIORGIO SAN GIORGIO CCT CCT 4 MELVEY PL
$1,245,000 38 DRAYTON AVE 4 beds | 4 baths | 2 cars 955 m² 19 FIRST FARM DR 19 19 FIRST DR FIRST 19FARM FIRST FARM FARM DR DR
$3,200,000 4 GARTHOWEN CRES 6 beds | 3 baths | 4 cars 880 m²
Based on recorded House sales within the 12 months (2018)
$1,110,000 24 SAN GIORGIO CCT 3 beds | 3 baths | 4 cars 292 m² 19 ORLEANS WAY 19 19 ORLEANS ORLEANS WAY WAY 19 WAY 143ORLEANS CECIL AVE
$1,600,000 19 FIRST FARM DR 5 beds | 2 baths | 4 cars 1,009 m²
$1,170,000 19 ORLEANS WAY 4 beds | 2 baths | 2 cars 560 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
7 HARLECH CRT
7A RADFORD PL
17 DRESDEN AVE
last last 12 last months 12 months (2018) (2018) 12 months (2018) Based on 128 recorded Unit sales within the Based Based on 128 on 128 recorded recorded UnitUnit sales sales within within the the last 12 months (2018) last last 1212months 12 months (2018) (2018) Based Based on a on rolling a rolling month 12 month period period and may and may differdiffer Based on a rolling 12 month period and may differ from from calendar calendar year year statistics statistics from calendar year statistics Based on a rolling 12 month period and may differ Based Based on a on rolling a rolling 12 month 12 month period period and may and may differdiffer from calendar year statistics from from calendar calendar year year statistics statistics
QUICK FACTS
HOUSE
35/19 35/19 MERCER MERCER ST ST ST 35/19 MERCER
Suburb Growth
-13.9%
35/19 MERCER 35/19 35/19 MERCER MERCER ST ST ST
Previous Previous Median Median Price: Price: $880,889 $880,889 Previous Median Price: $880,889 Current Median Price: $846,000 Current Current Median Median Price: Price: $846,000 $846,000 Previous Median Price: $880,889 Previous Previous Median Median Price: Price: $880,889 $880,889
BasedBased on 293 onrecorded 293 sales Unit sales compared compared over the over last thetwo last Based on recorded 293Unit recorded Unit sales compared over thetwo last two rollingrolling 12 month 12 month periods periods rolling 12 month periods
QUICK FACTS
Based on 293 recorded Unit sales compared over the last two BasedBased on 293 onrecorded 293 recorded Unit sales Unit sales compared compared over the over last thetwo last two rolling 12 month periods rollingrolling 12 month 12 month periods periods
# Sold Properties 25/81-87 25/81-87 CECIL CECIL AVE AVE 293 25/81-87 CECIL AVE
UNIT
25/81-87 CECIL AVE 25/81-87 25/81-87 CECIL CECIL AVE AVE
$720,000 35/19 MERCER ST 2 beds | 2 baths | 4 cars 16/11-13 16/11-13 GARTHOWEN GARTHOWEN CRES CRES 16/11-13 GARTHOWEN CRES 16/11-13 GARTHOWEN CRES 16/11-13 16/11-13 GARTHOWEN GARTHOWEN CRES CRES
Based on a rolling 12 month period and may differ from from calendar calendar year year statistics statistics from calendar year statistics Based on a rolling 12 month period and may differ Based Based on a on rolling a rolling 12 month 12 month period period and may and may differdiffer from calendar year statistics from from calendar calendar year year statistics statistics
Suburb Growth
# Sold Properties
-4.0%68/2-4 128 68/2-4 PURSER PURSER AVE AVE 68/2-4 PURSER AVE 68/2-4 PURSER AVE 68/2-4 68/2-4 PURSER PURSER AVE AVE
$720,000 25/81-87 CECIL AVE 2 beds | 2 baths | 4 cars 9/49-55 9/49-55 CECIL CECIL AVE AVE 9/49-55 CECIL AVE 9/49-55 CECIL AVE 9/49-55 9/49-55 CECIL CECIL AVE AVE
$1,030,000 16/11-13 GARTHOWEN CRES 3 beds | 2 baths | 2 cars
months months (2018) (2018) months (2018) Based on recorded Unit sales within the 12 Based Based on recorded on recorded UnitUnit sales sales within within the the 12 12 months (2018) months months (2018) (2018) Based Based on a on rolling a rolling 12 month 12 month period period and may and may differdiffer
$880,000 68/2-4 PURSER AVE 2 beds | 2 baths | 2 cars 4/1-7 4/1-7 HUME HUME AVE AVE 4/1-7 HUME AVE 4/1-7 HUME AVE 4/1-7 4/1-7 HUME HUME AVE AVE
$860,000 9/49-55 CECIL AVE 3 beds | 2 baths | 2 cars
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$680,000 4/1-7 HUME AVE 2 beds | 2 baths | 2 cars 5
Top 10 House Sales Address
Sold date
Land size
Price
1
4
GARTHOWEN CRES
1/3/2019
880m2
$3,200,000
2
10
BEAUMARIS AVE
4/3/2019
800m2
$1,630,000
3
19
FIRST FARM DR
26/2/2019
1009m2
$1,600,000
4
4
KINCRAIG CRT
8/2/2019
971m2
$1,440,000
5
4
TUCKWELL RD
2/2/2019
968m2
$1,405,000
6
66
GINDURRA AVE
14/2/2019
768m2
$1,400,000
7
27
DARCEY RD
5/2/2019
750m2
$1,400,000
8
34
KATHLEEN AVE
8/2/2019
937m2
$1,397,500
9
23
ST MARKS AVE
25/2/2019
923m2
$1,350,000
10
38
DRAYTON AVE
2/3/2019
955m2
$1,245,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
5
CASTLE PINES DR
22/2/2019
$1,100,000
2
16/11
GARTHOWEN CRES
15/2/2019
$1,030,000
3
68/2
PURSER AVE
16/1/2019
$880,000
4
9/49
CECIL AVE
12/2/2019
$860,000
5
9/33
CECIL AVE
26/1/2019
$830,000
6
35/19
MERCER ST
1/3/2019
$720,000
7
25/81
CECIL AVE
22/2/2019
$720,000
8
6/2
SHERWIN AVE
17/12/2018
$720,000
9
4/1
HUME AVE
16/1/2019
$680,000
10
27/2
PURSER AVE
9/2/2019
$722,500
Properties included may/may not be sold by Ray White
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Autumn Gardening Tips Autumn is a good time to get into the garden. Your soil will still contain a fair bit of warmth from summer before the winter rain hits, so it’s a great time to get planting! And you’ll also enjoy doing some D.I.Y. without the summer heat. Mulch for your Garden Mulch is your garden’s best friend. It helps the soil hold in moisture so you don’t have to water it as often and it also keeps down weeds. Over time, mulch will break down into your soil and improve it by adding nutrients. Fertilise your Lawn Fertilising your lawn will ensure that it stays green and healthy throughout the year. Autumn is a great time to fertilise because it protects your lawn through the winter months. You should aim to fertilise twice a year for the best results. Prune Trees Pruning helps improve the health and overall appearance of your trees. Removing dead or dying branches promotes crop growth in fruit trees. Plant Bulbs Planting bulbs is a great way to add a splash of colour to your garden. You’d be surprised
how many different colours, sizes and types of bulbs that you can choose from. Autumn is the perfect time of year to plant them as they’ll have enough time to grow before they are ready to flourish in spring. Bulbs are really easy to grow although make sure that you choose a spot with plenty of sunlight. Build a Garden Bed A garden bed is the perfect place to grow vegies or act as a focal point in your backyard. For the best results, use a good quality top soil so your plants get enough of the good nutrients they need to start growing. Also make sure before you build your garden bed to consider the location because the levels of sun and shade will determine which type of plants will grow. Plant fruit trees Australia’s climate and conditions are ideal for growing fruit trees. All they need is full sun, good drainage, room to grow and they’ll be thriving in no time. A good tip is to avoid
overcrowding your trees with other plants or structures like fences as this will curb their growth. Make your own compost Compost is a natural fertiliser that is great for your garden. It can help you save money and it’s good for the environment. Autumn is a great time to start making compost because many trees are dropping their leaves, which you’ll need to use. Make sure you get the balance right between garden waste and kitchen scraps in the compost mix for the best results. Source: bunnings.com.au/diy-advice/garden/planting-andgrowing/seven-autumn-gardening-tips
Median House Prices 60
$1,600,000
55 50
$1,500,000
45 40
$1,450,000
35 30
$1,400,000
15 10
$1,300,000
5 0 FEB
JAN 2019
DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
$1,250,000
NUMBER OF SALES
20
$1,350,000
MAR
MEDIAN SALE PRICE
25
MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Past 12 months House
Unit
0-$200K
1
1
$200K-$300K
2
$300K-$400K
1
2
0%
2
0%
Past 12 Months
1
0%
406 Sales
1
0%
$400K-$500K
1
$500K-$600K
1
2
3
1%
$600K-$700K
2
9
12
3%
$700K-$800K
1
24
25
$800K-$900K
2
27
29
$900K-$1M
8
15
23
$1M-$1.25M
79
21
100
$1.25M-$1.5M
80
1
81
$1.5M-$1.75M
54
54
$1.75M-$2M
23
23
$2M-$2.5M
26
$2.5M-$3M
4
4
1%
>$3M
5
5
1%
1
6% 7%
$1M-$1.25M
6% 25% 20% 13% 6% 7%
27
100 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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