Castle Hill Market Report Winter 2018
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Welcome 2018 has certainly been an interesting year not only in the real estate market, but markets across the board including Australian stocks, banking and the lending industries. Whilst this has provided numerous headlines across our state and national media and no doubt, interesting debates across the dinner table, more locally however, we have seen our real estate market most decidedly enter into a new phase- a phase that we refer to as a “normal” market. This begs the question “what is a normal market”? Property owners in Sydney over the past few years have seen their homes increase substantially in value – some areas even by double. The Hills has experienced an approx. 20% increase in property values since the commencement of the North West Rail Link. This increase was further fuelled by record low interest rates, robust foreign investment, easy to obtain finance, a strong economy and buyer demand, thus leading to a housing boom where it would be common to sell after the first open home and Auction clearance rates at all-time highs.
The shift to a more normal market has been gradual since early 2017 and one that was led by the Government changes to rules relating to foreign investment and ownership (announced in the 2017/2018 Budget), the closing in of supply and demand and more recently, much tighter lending conditions. Despite all this, the Hills District remains in high demand! Days on market has definitely increased, Auction clearance rates have shifted and the gap between buyer and seller expectation is occasionally askew, however good results are still being achieved by our Sales Executives. Our team’s ability to adapt and implement changes to meet the current environment has been critical for the success of our clients…..and the results show. Latest figures indicate that Ray White Castle Hill has the highest market share in the area – doubling since this time last year, our days on market are on average are the lowest compared to other agencies and positive testimonials flood in daily.
It’s these testimonials and feedback that continue to drive our team to work even harder for our clients and help validate why we all love working in this industry. We see it more than just a transaction. We view real estate as the matchmaking of a property to a buyer, helping dreams become realities, being a partner in creating wealth for clients and assisting those entering into a new chapter of life, be it: first time home buyer, investor, downsizer, retiree or the growing family, etc. Should we be able to assist you with your property needs, please don’t hesitate to 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
3
May
2018May May 104 Days 2018 2018 104 Days 104 Days May May May
745 m² 4 745 m² 745 m²
4
1 4 1
2 1 2
2
745 m² 745 m² 745 m²4
4
41 1
12 2
2
Recently sold properties 2018 2018 2018 104 Days 104 Days 104 Days
124 CECIL AVE 124124 CECIL AVE CECIL AVE
57 DRESDEN AVE 57 DRESDEN AVE 57 DRESDEN AVE
124124 CECIL 124 CECIL CECIL AVE AVE AVE
57 57 DRESDEN DRESDEN 57 DRESDEN AVE AVE AVE
$1,223,000
7 LAWSON PL 7 LAWSON PL PL 7 LAWSON 7 LAWSON 7 LAWSON 7 LAWSON PL PL PL
$1,314,000
$1,885,000
124 CECIL AVE 20 HUME AVE| 1 bath | 1 garages 696 m² 3 HUME bed 20 HUME AVE 20 AVE
57 DRESDEN AVE 94 CHURCH 4 CHURCH bed | 3 ST bath 1 garages 697 m² 94 ST| ST 94 CHURCH
7 LAWSON PL 15 CEDAR GR | 3 garages 2,161 m² 5 bed | 3CEDAR bath 15 CEDAR GRGR 15
20 20 HUME HUME 20 HUME AVE AVE AVE
94 94 CHURCH CHURCH 94 CHURCH ST ST ST
15 15 CEDAR CEDAR 15 CEDAR GRGRGR
$2,100,000 20 HUME AVE 4 bed | 2 bath | 2 garages 757 m²
$1,295,000 94 CHURCH ST 4 bed | 2 bath | 2 garages 823 m²
$1,430,000 15 CEDAR GR 5 bed | 2 bath | 2 garages 720 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
Prepared on 15/05/2018 by Ray White Castle Hill , 07 3231 2200 at Ray White Corporate Default. © Property Data Solutions Pty Ltd 2018 (pricefinder.com.au)
Suburb Growth
HOUSE +9.3%
16/33-39 16/33-39 CECIL CECIL AVE AVE 16/33-39 CECIL AVE 16/33-39 16/33-39 16/33-39 CECIL CECIL CECIL AVE AVE AVE
# Sold Properties
385
UNIT +0.8%
12/52-54 12/52-54 KERRS KERRS RD RD 12/52-54 KERRS RD 12/52-54 12/52-54 12/52-54 KERRS KERRS KERRS RDRD RD
$860,000 16/33-39 CECIL AVE 2TUCKWELL bed | 2 bathRD | 2RD garages 2/992/99 TUCKWELL 2/99 TUCKWELL RD 2/99 2/99 TUCKWELL 2/99 TUCKWELL TUCKWELL RDRD RD
# Sold Properties
111
$879,000 12/52-54 KERRS RD 3 bed | 2ORANGE bath | GR 1 garages 1/9-11 1/9-11 ORANGE GR 1/9-11 ORANGE GR 1/9-11 1/9-11 1/9-11 ORANGE ORANGE ORANGE GRGR GR
$880,000 2/99 TUCKWELL RD 3 bed | 2 bath | 2 garages
Suburb Growth
$1,080,000 14/2-8 SUSAN PDE 3 bed | 2SHERWIN bath | 2 garages 26/2-6 26/2-6 SHERWIN AVE AVE
26/2-6 SHERWIN AVE 26/2-6 26/2-6 26/2-6 SHERWIN SHERWIN SHERWIN AVE AVE AVE
$857,000 1/9-11 ORANGE GR 2 bed | 1 bath | 1 garages
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$842,500 26/2-6 SHERWIN AVE 2 bed | 2 bath | 2 garages 5
Top 10 house sales Address
Sold date
Land size
Price
1
17
BRAE PL
26/4/2018
911m2
$3,000,000
2
19
BRAE PL
5/4/2018
941m2
$2,550,000
3
2
ENDEAVOUR CL
14/3/2018
945m2
$2,250,000
4
92
YARINGA RD
31/3/2018
4,210m2
$2,200,000
5
41
BALINTORE DR
14/4/2018
920m2
$2,150,000
6
22
HUME AVE
2/5/2018
696m2
$2,100,000
7
20
HUME AVE
2/5/2018
757m2
$2,100,000
8
16
CASTLEWOOD DR
26/3/2018
2,037m2
$1,970,000
9
7
LAWSON PL
7/5/2018
2,161m2
$1,885,000
10
24
SPRINGTHORPE WAY
27/2/2018
700m2
$1,860,000
Properties included may/may not be sold by Ray White
Top 10 unit sales Address
Sold date
Price
1
6/77
OLD CASTLE HILL RD
2/23/2018
$1,280,000
2
5/4
CRANE RD
4/13/2018
$1,150,000
3
3/17
PARSONAGE RD
2/27/2018
$1,150,000
4
2/3
CHILDREY PL
3/29/2018
$1,104,500
5
14/2
SUSAN PDE
5/11/2018
$1,080,000
6
9/20
PENNANT ST
4/17/2018
$1,010,000
7
21/61
CRANE RD
2/20/2018
$1,000,000
8
9/59
CASTLE ST
4/5/2018
$975,000
9
62/59
CASTLE ST
3/19/2018
$930,000
10
4/2
PARSONAGE RD
2/24/2018
$925,000
Properties included may/may not be sold by Ray White
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How to keep warm this winter What can you do to stay warm at home? By Ines Gruber Source: https://www.choice.com.au/home-and-living/heating/home-heating/ articles/how-to-keep-warm-this-australian-winter-170915
If you want to feel warm at home long term and also save money you need a plan that goes beyond beanies and ugg boots. Here are some practical solutions to beat the winter chill: Insulate: It is the best way to keep the heat in winter in and in summer out. Average households with ceiling wall and under floor insulation can save around $450 per year on energy bills. Seal up gaps and cracks: If you add up all the cracks and gaps in an average home, it would be the equivalent of having a 1 metre by 1.5 metre window open all the time. They can account for up to 15-20% of heat loss. Seal windows and use curtains: That will not only help you to keep warm in winter, but cool in summer. Up to 40% of our heating energy can be lost through the windows. Look for possible draught culprits: Not only windows, but doors can be an issue. If you’re just heating one room or living area, close its doors and windows to keep in the heat. A simple door snake or a rolled up towel can also help stop any draughts, especially in older houses where the doors might have larger gaps at floor level.
Cover the floor with rugs: They act as insulation between your feet and the cold, hard floor. Reverse ceiling fans: Most models have a reverse switch. It turns the blades anti-clockwise and pushes the warm air from your heating system from the ceiling (remember, warm air rises) back down. Maintain your heaters: Get them serviced professionally every few years to keep them running more efficiently; gas heaters in particular should be well-maintained to ensure safe operation. Close up any rooms you don’t use and turn off the heating there.
Median house prices 60
$1,600,000
55 50
$1,500,000
45 40
$1,450,000
35 30
$1,400,000
20
$1,350,000
15 10
$1,300,000
5 0 APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
$1,250,000
NUMBER OF SALES
MEDIAN SALE PRICE
25
SALE MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Last 12 months House
Unit 1
0%
1
2
0%
Last 12 months
2
4
1%
539 sales
2
2
0%
7
9
$700k-$800k
16
16
$800k-$900k
34
34
6% 6%
0-$200k
1
$300k-$400k
1
$400k-$500k
2
$500k-$600k $600k-$700k
2
$900k-$1M
9
21
30
$1M-$1.25
47
23
70
$1.25M-$1.5M
100
5
105
$1.5M-$1.75M
107
1
108
$1.75M-$2M
67
1
68
$2M-$2.5M
28
28
$2.5M-$3M
8
8
>$3M
22
22
2% 3%
$1.5M-$1.75M
13%
108 sales
19% 20% 13% 5% 1% 4%
Your 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
Hilda Bandiera 9680 2255
Paul Conti 0414 981 005
Robbie Awad 0428 888 648
Joseph Meyer 0417 675 741
Phil Haq 0452 054 290
Joel Simpson 0450 907 598
Hannah Dowling 9680 2255
Peter Iann 0488 002 222
Brendan Wein 0431 618 086
Tony Yee 02 9680 2255
Warren Tam 0412 067 934
Yong Park 0402 486 424
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au