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 Throughout 2018 Australia’s love affair with real estate was certainly tested and it’s safe to say, no one was 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 were questioning their financial positions, crunching the numbers and for the first time in a long time, made significant monetary decisions. It’s still 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 dramatically altered the mortgage lending standards, meaning most applicants could 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 beginning of a large percentage of ‘interest only’ loans expiring, all provides 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, where demand for housing in the district continued. Yes, days on market in most cases was longer compared to the previous 12 months, and yes, numbers may have been down at auctions, however, the results we achieved, and continue to achieve, 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. Should we be able to assist you with your property needs throughout 2019 and beyond / 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 and wish you all the best for a prosperous 2019!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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Based on 286 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 lastlast 12the months 12last months 12(Oct months (Oct '17 '17 - (Oct Sep - Sep '18) '17 '18) - Sep '18)
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 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
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 TELFER RD 49 49 TELFER TELFER 49 TELFER RDRD RD
9 STEWART DR 9 STEWART 9 STEWART 9 STEWART DRDR DR
$1,265,000 49 TELFER RD 4 beds | 2 baths | 2 cars 792 m² 8 CANSDALE PL 8 CANSDALE 8 CANSDALE 8 CANSDALE PL PL PL
$1,275,000 9 STEWART DR 67 67 GEORGE MOBBS DR DR 687 m² 5 GEORGE beds | 3MOBBS baths |2 cars 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
$1,300,000 67 GEORGE MOBBS DR 4 beds | 2 bath | 2 cars 948 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
1 WESTMINSTER DR 1 WESTMINSTER 1 WESTMINSTER 1 WESTMINSTER DRDR DR
4 RADFORD PL 4 RADFORD 4 RADFORD 4 RADFORD PL PL PL
Based on 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 '17 '17 - (Oct Sep - Sep '18) '17 '18) - Sep '18) 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 STEWART DR 17 17 STEWART STEWART 17 STEWART DRDR DR
$1,297,500 17 STEWART DR 4 beds |EXCELSIOR 2 baths | 2AVE cars 190A 190A EXCELSIOR AVE708 m² 10 BONNEFIN PL 10 10 BONNEFIN BONNEFIN 10 BONNEFIN PL PL PL
$1,030,000 190A EXCELSIOR AVE 3 beds | 1 bath | 2 cars 898 m² 91 RIDGECROP DR 91 91 RIDGECROP RIDGECROP 91 RIDGECROP DRDR DR
Based Based onon 147 147 recorded recorded Unit 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)
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 Based onon recorded recorded Unit 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 Based onon 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
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 rolling 12rolling month rolling 12 periods 12 month month periods periods
Based Based onon 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 33/2-4PURSER PURSERAVE AVE 33/2-433/2-4 PURSER 33/2-4PURSER PURSER AVE AVE AVE
Suburb Growth
-7.1%
# Sold Properties
QUICK FACTS
307 5/52 UNIT 5/52PARSONAGE PARSONAGERD RD
Suburb Growth
-4.9%
33/2-4 PURSER AVE 2 beds | 2 baths | 2 cars 7/38 7/38-42 -42BRISBANE BRISBANERD RD 7/38 -42 7/38 7/38 BRISBANE -42 -42BRISBANE BRISBANE RD RD RD
$840,000 5/52 PARSONAGE RD 3 beds | 1 bath | 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
$1,330,000 26/16-20 MERCER ST 3 beds | 2 baths | 6 cars 2/12 2/12ORANGE ORANGE GR GR 5/231-239 OLD NORTHERN RD 2/12 ORANGE 2/12 2/12ORANGE ORANGE GR GR GR
$810,000 29/1-5 MERCER ST 2 beds | 2 baths | 2 cars
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
159
26/16 26/16-20 -20MERCER MERCERST ST 26/1626/16 -20 26/16 MERCER -20 -20MERCER MERCER ST ST ST
5/52 PARSONAGE 5/52 5/52PARSONAGE PARSONAGE RD RD RD
$800,000
# Sold Properties
$792,000 5/231-239 OLD NORTHERN RD 2 beds | 2 baths | 2 cars 5 2/1 2/1CHERITON CHERITONAVE AVE 2/1 CHERITON 2/1 2/1CHERITON CHERITON AVE AVE AVE
Top 10 House Sales Address
Sold date
Land size
Price
1
2
MARIE ST
8/9/18
1,543m2
$2,670,000
2
4
GAY ST
3/11/18
703m2
$2,500,000
3
9
NEVILLE CRT
6/8/18
3,867m2
$2,450,000
4
24
HUNTINGDALE CIR
20/11/18
1,012m2
$2,000,000
5
31
PIONEER PL
29/8/18
700m2
$1,935,000
6
11
ANTHONY RD
8/9/18
727m2
$1,832,000
7
7
CHEPSTOW DR
29/9/18
600m2
$1,800,000
8
6
LANARK CRT
24/8/18
923m2
$1,760,000
9
22
FOLEY PL
11/8/18
529m2
$1,688,000
10
4
RADFORD PL
12/10/18
902m2
$1,650,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
26/16
MERCER ST
12/10/18
$1,330,000
2
2/12
ORANGE GR
26/9/18
$1,170,000
3
4/26
KERRS RD
13/9/18
$1,155,000
4
20/9
GARTHOWEN CRES
19/11/18
$1,125,000
5
16/35
PARSONAGE RD
20/8/18
$1,020,000
6
7/38
BRISBANE RD
8/10/18
$980,000
7
1210/299
OLD NORTHERN RD
30/8/18
$980,000
8
1702/299
OLD NORTHERN RD
18/9/18
$975,000
9
39/2
PURSER AVE
3/11/18
$880,000
10
1021/301
OLD NORTHERN RD
4/9/18
$860,000
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 NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
$1,250,000
NUMBER OF SALES
20
$1,350,000
DEC
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%
436 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
65
26
91
$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%
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
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
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
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
Jayden Potten 0402 604 828
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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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