Castle Hill 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
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the the last last 12 months 12on months (Oct '17 '17 - Sep - Sep '18)'18) Based 286(Oct recorded House sales within last 12 months (Oct '17 -within Sep '18) Based Based onBased 286 onthe 286 recorded on recorded 286 recorded House House sales House sales within sales within the the last last 12the months 12last months 12(Oct months (Oct '17 '17 - (Oct Sep - Sep '18) '17 '18) - Sep '18) Based Based on aon rolling a rolling 12 month 12 month period period and and maymay differdiffer from from calendar calendar yearyear statistics statistics Based on a rolling 12 month period and may differ calendar year statistics Based Based on aon Based rolling a rolling 12 on month afrom 12 rolling month period 12period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
Current Current Median Current Median Price: Median Price: $1,500,000 Price: $1,500,000 Previous Median Price:$1,500,000 $1,612,500 Previous Previous Previous Median Median Price: Median Price: $1,612,500 Price: $1,612,500 $1,612,500
Based Based on 738 on recorded 738 recorded House House salessales compared compared over over the last thetwo last two rolling rolling 12 month 12 month periods periods Based on 738 recorded House sales compared over the last two rolling 12 month periods Based Based on 738 onBased recorded 738 recorded on House 738 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling rolling 12 month 12rolling month periods 12 periods month periods
Recently Sold Properties
49 49 TELFER TELFER RDRD 49 TELFER RD 49 49 TELFER TELFER 49 TELFER RDRD RD
9 STEWART 9 STEWART DRDR 9 STEWART DR 9 STEWART 9 STEWART 9 STEWART DRDR DR
$1,265,000 49 TELFER RD 4 beds PL | 2PL baths | 2 cars 792 m² 8 CANSDALE 8 CANSDALE 8 CANSDALE PL 8 CANSDALE 8 CANSDALE 8 CANSDALE PL PL PL
$1,275,000 9 STEWART DR 5 WHITE bedsCEDAR | 3CEDAR baths | DR 2 cars 687 m² 22 22 WHITE DR 22 WHITE CEDAR DR 22 22 WHITE WHITE 22CEDAR WHITE CEDAR DR CEDAR DR DR
$1,465,000 8 CANSDALE PL 4 beds | 3 baths | 2 cars 807 m²
months months (Oct '17 '17 - Sep - Sep '18)'18) Based on(Oct recorded House sales within the 12 (Oct '17 -within Sep Based Based onBased recorded on recorded on months recorded House House sales House sales within sales the'18) within the 12 12the 12 months months (Oct months (Oct '17period '17 - (Oct Sep - Sep '18) '17may '18) - Sep '18) Based Based on aon rolling a rolling 12 month 12 month period and and may differdiffer
$1,360,000 22 WHITE CEDAR DR 4 beds | 2 bath | 2 cars 929 m²
1 WESTMINSTER 1 WESTMINSTER DRDR 4 RADFORD 4not RADFORD PLRay PLWhite Source: pricefinder.com.au | Properties included may/may be sold by 1 WESTMINSTER DR 4 RADFORD PL 1 WESTMINSTER 1 WESTMINSTER 1 WESTMINSTER DRDR DR 4 RADFORD 4 RADFORD PL PL PL $1,558,800 $1,558,800 4 RADFORD
from from calendar calendar yearyear statistics statistics Based on a rolling 12 month period and may differ calendar year statistics Based Based on aon Based rolling a rolling 12 on month afrom 12 rolling month period 12period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
17 17 STEWART STEWART DRDR 17 STEWART DR 17 17 STEWART STEWART 17 STEWART DRDR DR
$1,297,500 17 STEWART DR 4 10 beds | 2 baths 2 cars 708 m² 10 BONNEFIN BONNEFIN PL|PL 10 BONNEFIN PL 10 10 BONNEFIN BONNEFIN 10 BONNEFIN PL PL PL
$1,232,000 10 BONNEFIN PL 3 beds | 2 baths | 1 car 700 m²
91 91 RIDGECROP RIDGECROP DRDR 91 RIDGECROP DR RIDGECROP RIDGECROP 91 RIDGECROP DRDR DR $1,650,000 $1,650,000 91 91
$1,200,000 $1,200,000
last 12 months (Oct '17 -Unit Sep '18) Based Based onon 147 147 recorded recorded Unit sales sales within within the the last last 12 12 months months (Oct '17 '17 - sales Sep - Sep '18) '18) the BasedBased on Based 147 on recorded on 147 147 recorded recorded Unit(Oct sales Unit Unit within sales within the within the last 12last months last 1212 months months (Oct '17 (Oct (Oct - Sep '17 '17 '18) - Sep - Sep '18) '18) Based on a rolling 12 month period and may differ fromoncalendar year statistics Based Based on a rolling a rolling 1212 month month period period and and may may differ differ calendar calendar year year statistics statistics Based on Based Based a rolling onon afrom 12 rolling afrom rolling month 1212 period month month and period period may and differ and may may differ differ from calendar from from calendar year calendar statistics year year statistics statistics
QUICK FACTS
HOUSE
33/2-4 PURSER AVE 33/2-4 33/2-4PURSER PURSERAVE AVE 33/2-433/2-4 PURSER 33/2-4PURSER PURSER AVE AVE AVE
Suburb Growth
-7%
Previous Median Price: $895,000 Current Current Current Median Median Median Price: Price: $850,000 Price: $850,000 $850,000 Previous Previous Median Median Price: Price: $895,000 $895,000 Previous Previous Previous Median Median Median Price: Price: $895,000 Price: $895,000 $895,000
Based on 324 recorded Unit sales compared over the last two rolling 12 month periods Based Based on on 324324 recorded recorded Unit Unit sales sales compared compared over over thethe lastlast twotwo rolling rolling 12 12 month month periods periods Based onBased 324 Based recorded on on 324324 recorded Unit recorded sales Unit compared Unit sales sales compared over compared the last over over two thethe lastlast twotwo
QUICK FACTS
rolling 12rolling month rolling 12 periods 12 month month periods periods
# Sold Properties 5/52 PARSONAGE RD 286 5/52 5/52PARSONAGE PARSONAGERD RD 5/52 PARSONAGE 5/52 5/52PARSONAGE PARSONAGE RD RD RD
UNIT
$800,000 33/2-4 PURSER AVE beds | 2 baths 7/38 -42 2BRISBANE RD | 2 cars 7/38 7/38-42 -42BRISBANE BRISBANERD RD 7/38 -42 7/38 7/38 BRISBANE -42 -42BRISBANE BRISBANE RD RD RD
fromoncalendar year statistics Based Based on a rolling a rolling 1212 month month period period and and may may differ differ calendar calendar year year statistics statistics Based on Based Based a rolling onon afrom 12 rolling afrom rolling month 1212 period month month and period period may and differ and may may differ differ from calendar from from calendar year calendar statistics year year statistics statistics
Suburb Growth # Sold Properties -20 MERCER ST -5%26/1626/16 147 26/16-20 -20MERCER MERCERST ST 26/1626/16 -20 26/16 MERCER -20 -20MERCER MERCER ST ST ST
$840,000 5/52 PARSONAGE RD 3 beds | 1 bath 29/1 -5 MERCER ST | 1 car 29/1 29/1-5-5MERCER MERCERST ST 29/1 -5 29/1 29/1 MERCER -5-5MERCER MERCER ST ST ST
$980,000 7/38-42 BRISBANE RD 3 beds | 2 baths | 2 cars
months (Oct '17 -Unit Sep '18) Based Based onon recorded recorded Unit sales sales within within the the 1212 months (Oct '17 '17 - sales Sep - Sep '18) '18) BasedBased on Based recorded onmonths on recorded recorded Unit(Oct sales Unit Unit within sales within the within 12the the 1212 months months months (Oct '17 (Oct (Oct - Sep '17 '17 '18) - Sep - Sep '18) '18) Based on a rolling 12 month period and may differ
$1,330,000 26/16-20 MERCER ST 3 beds | 2 baths 2/12 ORANGE GR| 6 cars 2/12 2/12ORANGE ORANGEGR GR 2/12 ORANGE 2/12 2/12ORANGE ORANGE GR GR GR
$810,000 29/1-5 MERCER ST 2 beds | 2 baths | 2 cars
8/193 -195 OLD NORTHERN |RD Source: pricefinder.com.au Properties included may/may not be sold by Ray White 8/193 8/193-195 -195OLD OLDNORTHERN NORTHERNRD RD 8/1938/193 -195 8/193 OLD -195 -195 NORTHERN OLD OLDNORTHERN NORTHERN RD RD RD $670,000
$1,170,000 2/12 ORANGE GR 4 beds | 2 baths | 2 cars 2/1 CHERITON AVE 2/1 2/1CHERITON CHERITONAVE AVE 2/1 CHERITON 2/1 2/1CHERITON CHERITON AVE AVE AVE
5 $820,000
Top 10 House Sales Address
Sold date
Land size
Price
1
2
MARIE ST
8/9/2018
1543 m²
$2,670,000
2
8
FERNGREEN WAY
7/8/2018
2353 m²
$2,410,000
3
31
PIONEER PL
29/8/2018
700 m²
$1,935,000
4
11
ANTHONY RD
8/9/2018
727.2 m²
$1,832,000
5
7
CHEPSTOW DR
8/10/2018
595.8 m²
$1,800,000
6
6
LANARK CRT
24/8/2018
922.8 m²
$1,760,000
7
22
FOLEY PL
11/8/2018
529.4 m²
$1,688,000
8
4
RADFORD PL
12/10/2018
901.6 m²
$1,650,000
9
10
CARINA PL
21/9/2018
740.2 m²
$1,625,000
10
1
WESTMINSTER DR
13/10/2018
707.8 m²
$1,558,800
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
26/16
MERCER ST
10/12/2018
$1,330,000
2
2/12
ORANGE GR
10/5/2018
$1,170,000
3
4/26
KERRS RD
9/20/2018
$1,155,000
4
16/35
PARSONAGE RD
8/20/2018
$1,020,000
5
1210 /299
OLD NORTHERN RD
8/30/2018
$980,000
6
7/38
BRISBANE RD
10/8/2018
$980,000
7
1702 /299
OLD NORTHERN RD
9/18/2018
$975,000
8
1021 /299
OLD NORTHERN RD
9/4/2018
$860,000
9
903/299
OLD NORTHERN RD
6/9/2018
$845,000
10
5/52
PARSONAGE RD
12/10/2018
$840,000
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 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 OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
$1,250,000
NUMBER OF SALES
20
$1,350,000
NOV
MEDIAN SALE PRICE
25
MONTH
Number of sales
Median sale price
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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%
456 Sales
2
0%
$400K-$500K
2
$500K-$600K
1
2
3
1%
$600K-$700K
1
5
6
1%
28
28
$700K-$800K $800K-$900K
1
24
25
$900K-$1M
7
21
28
$1M-$1.25M
62
26
88
$1.25M-$1.5M
88
3
91
$1.5M-$1.75M
78
78
$1.75M-$2M
41
41
$2M-$2.5M
23
23
$2.5M-$3M
6
6
>$3M
8
8
6% 5%
$1.25M-$1.5M
6% 19% 20% 17% 9% 5% 1% 2%
91 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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