Castle Hill 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
3
BasedBased on 286on recorded 286 recorded HouseHouse sales within sales within the last the 12last months 12 months (Oct '17 (Oct - Sep '17 '18) - Sep '18)
Current Current Median Median Price: Price: $1,500,000 $1,500,000 Previous Previous Median Median Price: Price: $1,612,500 $1,612,500
Recently Sold Properties
Based on Based a rolling on a12 rolling month 12period monthand period mayand differ may differ from calendar from calendar year statistics year statistics
49 TELFER 49 TELFER RD RD
Based onBased 738 recorded on 738 recorded House sales House compared sales compared over the last overtwo the last two rolling 12rolling month12 periods month periods
49 TELFER RD 4 beds | 2 baths | 2 cars 792 m²
$1,275,000 9 STEWART DR 5 beds | 3 baths | 2 cars 687 m²
1/174 1/174 OLD OLD NORTHERN NORTHERN RD RD
17 17 HERITAGE HERITAGE PARK PARK DR DR
22 WHITE 22 WHITE CEDAR CEDAR DR DR
$1,120,000
10 BONNEFIN 10 BONNEFIN PL PL
$1,229,000
1/174 OLD NORTHERN RD 4 beds | 2 baths | 2 cars 838 m²
5 WHITEHAVEN PL 5 beds | 2 bath | 2 cars 771 m²
46 46 CAMBEWARRA CAMBEWARRA AVE AVE
88 CONDINO CONDINO WAY WAY
$1,600,000 $1,600,000
4 RADFORD 4 RADFORD PL PL
$1,330,000 17 HERITAGE PARK DR 4 beds | 2 bath | 2 cars 444 m² 54 54 RONDELAY RONDELAY DR DR
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
1 WESTMINSTER 1 WESTMINSTER DR DR
$1,691,077 3 MARY IRENE PL 4 beds | 2 baths | 2 cars 801 m²
55 WHITEHAVEN WHITEHAVEN PL PL
8 CANSDALE 8 CANSDALE PL PL
Based on Based a rolling on a12 rolling month 12period monthand period mayand differ may differ from calendar from calendar year statistics year statistics
3317 MARY MARY IRENE PL PL DR STEWART 17IRENE STEWART DR
9 STEWART 9 STEWART DR DR
$1,265,000
BasedBased on recorded on recorded HouseHouse sales within sales within the 12the 12 months months (Oct '17 (Oct - Sep '17 '18) - Sep '18)
$995,000 $995,000
91 RIDGECROP 91 RIDGECROP DR DR
$1,265,000 $1,265,000
12 months (2018)within the Based on 147last recorded Unit sales last144 12144 months (Oct '17 -within Sep '18) Based Based Based on 144 on on recorded recorded recorded Unit Unit sales Unit sales sales within the within the the lastlast 12 last months 12 months 12 months (2018) (2018) (2018) Based on a rolling 12 month period and may differ from calendar statistics Based on a rolling 12 monthyear period and may differ from calendar year statistics Based Based on Based aon rolling aon rolling a12rolling month 12 month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
QUICK FACTS
Suburb Growth 8/7 HARRINGTON AVE -12.7% 33/2-4 PURSER AVE 8/7 8/7 HARRINGTON 8/7 HARRINGTON HARRINGTON AVE AVE AVE
HOUSE
Previous Median Price: $880,889 Current Current Current Median Median Median Price: Price: $850,000 Price: $850,000 $850,000 Previous Median Price: $895,000 Previous Previous Previous Median Median Median Price: Price: $880,889 Price: $880,889 $880,889
Based on 309 recorded Unit sales compared over the last two rolling 12 month periods Based on 324 recorded Unit sales compared over the last two rolling month periods Based Based on Based 309 onrecorded 309 on recorded 309 Unit recorded sales Unit12 sales Unit compared sales compared compared over the overlast over thetwo last thetwo last two rollingrolling 12 month rolling 12 month periods 12 month periods periods
QUICK FACTS
from calendar statistics Based on a rolling 12 monthyear period and may differ from calendar year statistics Based Based on Based aon rolling aon rolling a12rolling month 12 month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
# Sold Properties Suburb Growth # Sold Properties LEVEL 4 , 20/9 GARTHOWEN CRES 10/19-29 SHERWIN AVE 246 5/52 PARSONAGE RD -3.5% 26/16 144 -20 MERCER ST LEVEL LEVEL LEVEL 4 , 20/9 4,4 20/9 GARTHOWEN , 20/9 GARTHOWEN GARTHOWEN CRES CRES CRES 10/19-29 10/19-29 10/19-29 SHERWIN SHERWIN SHERWIN AVE AVE AVE
UNIT
$660,000 8/7 HARRINGTON AVE 2 bedsPURSER | 2 bathsAVE | 1 car 39/2-4 7/38 -42 BRISBANE RD 39/2-4 39/2-4 39/2-4 PURSER PURSER PURSER AVE AVE AVE
months Based on recorded Unit (2018) sales within the 12 months (Oct '17 -within Sep '18) Based Based Based on recorded on recorded on recorded Unit Unit sales Unit sales sales within the within the 12 the 12 12 months months months (2018) (2018) (2018) Based on a rolling 12 month period and may differ
$1,125,000 LEVEL 4 , 20/9 GARTHOWEN CRES 3 beds | 2 baths | 2 cars 29/1 -5 MERCER ST
$805,000 10/19-29 SHERWIN AVE 3 beds | 2 baths | 2 cars 1/81-87 CECIL AVE 2/12 ORANGE GR 5/231-239 OLD NORTHERN RD 1/81-87 1/81-87 1/81-87 CECIL CECIL CECIL AVE AVE AVE
$850,000 $850,000 $850,000 $850,000
$880,000 39/2-4 PURSER AVE 2 beds | 2 baths | 2 cars
29/1-5 MERCER ST 2 beds | 2 baths | 2 cars
GARTHOWEN Source: pricefinder.com.au | Properties included may/may not22/9 be sold by Ray White
8/193 -195 OLD NORTHERN RD
Oct
2018
$810,000
CRES
22/9 22/9 GARTHOWEN 22/9 GARTHOWEN GARTHOWEN CRES CRES CRES
Oct
20 Days Oct Oct
$792,000
8,416 m²
3
2
2
5/231-239 2018 2018 2018OLD NORTHERN RD 20 Days 20 Days 8,416 m² 8,416 m² m² 3 3 32 2 22 2 2 2 beds | 202Days baths |8,416 2 cars 5/5 SHERWIN AVE 2/1 CHERITON AVE 5/5 5/5 SHERWIN 5/5 SHERWIN SHERWIN AVE AVE AVE $850,000
5 $752,000
Top 10 House Sales Address
Sold date
Land size
Price
1
4
GAY ST
3/11/2018
703m2
$2,500,000
2
38
OLD CASTLE HILL RD
27/11/2018
885m2
$2,380,000
3
5
HUNTER PL
20/11/2018
1,017m2
$2,111,000
4
24
HUNTINGDALE CIR
13/11/2018
1,012m2
$2,000,000
5
3
MARY IRENE PL
27/11/2018
801m2
$1,691,077
6
7
HARLECH CRT
15/12/2018
1,141m2
$1,655,000
7
13
DAWES AVE
15/11/2018
996m2
$1,650,000
8
46
CAMBEWARRA AVE
23/11/2018
923m2
$1,600,000
9
3
WARRAN PL
6/12/2018
696m2
$1,480,000
10
31
CLARKE PL
29/11/2018
900m2
$1,415,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
26/16
MERCER ST
12/10/2018
$1,330,000
2
20/9
GARTHOWEN CRES
19/11/2018
$1,125,000
3
1710/301
OLD NORTHERN RD
11/10/2018
$1,070,000
4
7/38
BRISBANE RD
8/10/2018
$980,000
5
39/2
PURSER AVE
3/11/2018
$880,000
6
1/81
CECIL AVE
31/10/2018
$850,000
7
22/9
GARTHOWEN CRES
25/10/2018
$850,000
8
29/1
MERCER ST
6/10/2018
$810,000
9
10/19
SHERWIN AVE
8/11/2018
$805,000
10
217/301
OLD NORTHERN RD
29/10/2018
$800,000
Properties included may/may not be sold by Ray White
7
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 DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
$1,250,000
NUMBER OF SALES
20
$1,350,000
JAN 2018
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%
397 Sales
2
0%
$400K-$500K
2
$500K-$600K
1
2
3
1%
$600K-$700K
2
4
6
1%
29
29
$700K-$800K $800K-$900K
1
24
25
$900K-$1M
7
20
27
$1M-$1.25M
78
2
89
$1.25M-$1.5M
84
3
87
$1.5M-$1.75M
65
65
$1.75M-$2M
37
37
$2M-$2.5M
22
$2.5M-$3M
6
6
>$3M
5
5
1
6% 5%
$1M-$1.25M
6% 21% 20% 15% 9% 5%
23 1% 2%
89 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
11
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
Ray White Castle Hill is the proud sponsor of