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
3
Based on 278 recorded House sales within 12 months (2018) Based Based onthe Based 278 onlast 278 recorded on recorded 278 recorded House House sales House sales within within sales within the the lastlast 12the months 12last months 12(2018) months (2018)(2018)
Current Current Median Current Median Price: Median Price: $1,413,500 Price: $1,413,500 $1,413,500 Previous Median Price: $1,635,000 Previous Previous Previous Median Median Price: Median Price: $1,635,000 Price: $1,635,000 $1,635,000
Based on recorded House sales within the 12 months (2018) Based Based onBased recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months months (2018) months (2018)(2018)
CASTLE CASTLE HILL HILL - Recently - Recently Sold Sold Properties Properties Based on a rolling 12 month period and may differ year statistics Based Based on afrom on Based rolling a calendar rolling 12 on month a12 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 707 recorded House sales compared over the last two rolling 12recorded month periods Based Based on 707 onBased recorded 707 recorded on House 707 House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two
Recently Sold Properties
4 TUCKWELL RD 4 TUCKWELL 4 TUCKWELL 4 TUCKWELL RDRD RD
rolling rolling 12 month 12rolling month periods 12 periods month periods
11 HERON CRT
HERON HERON 11 CRT HERON CRT CRT Growth Median Median Sale Sale Price Price11 11 Suburb Suburb Growth
Based on a rolling 12 month period and may differ year statistics Based Based on afrom on Based rolling a calendar rolling 12 on month a12 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
4 MELVEY PL 4 MELVEY 4 MELVEY 4 MELVEY PL PL PL
# Sold # Sold Properties Properties
$1.5m $1.5m
-7.0% -7.0%
286 286
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
BasedBased on recorded on recorded HouseHouse sales within sales within the 12the 12 months months (Oct '17 (Oct - Sep '17 '18) - Sep '18)
Based on Based a rolling on a12 rolling month 12period monthand period mayand differ may differ from calendar from calendar year statistics year statistics
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
Based on Based a rolling on a12 rolling month 12period monthand period mayand differ may differ from calendar from calendar year statistics year statistics
$1,405,000
4 TUCKWELL RD 3 beds | 1 bath | 1 car 968 m² 49 TELFER 49 TELFER RD RD
$1,330,000
11 HERON CRT 4 beds | 2 baths | 2 cars 825 m² 9 STEWART 9 STEWART DR DR
$1,265,000 49 TELFER RD 4 beds | 2 baths | 2 cars 792 m²
$1,405,000
4 MELVEY PL 5 beds | 2 baths | 2 cars 585 m² 17 STEWART 17 STEWART DR DR 143 CECIL AVE 143143 CECIL CECIL 143AVE CECIL AVE AVE
$1,275,000 9 STEWART DR 5 beds | 3 baths | 2 cars 687 m²
Source: pricefinder.com.au notWHITE be22 sold by Ray White 8 CANSDALE 8 CANSDALE PL PL | Properties included may/may22 WHITE CEDAR CEDAR DR DR 7 HARLECH CRT 7A RADFORD PL 7 HARLECH 7 HARLECH 7 HARLECH CRT CRT CRT 7A 7A RADFORD RADFORD 7A RADFORD PL PL PL
$1,076,000 143 CECIL AVE 3 beds | 1 baths | 2 cars 854 m² 10 BONNEFIN 10 BONNEFIN PL PL 17 DRESDEN AVE 17 17 DRESDEN DRESDEN 17 DRESDEN AVE AVE AVE
Previous Median Price: $880,889 Current Current Median Median Price: Price: $850,000 $850,000 Previous Previous Median Median Price: Price: $880,889 $880,889
last 12 months (2018) Based Based on 144 on 144 recorded recorded UnitUnit sales sales within within the the lastlast 12 months 12 months (2018) (2018) Based on a rolling 12 month period and may differ from calendar year statistics
QUICK FACTS
Based Based on aon rolling a rolling 12 month 12 month period period and and maymay differdiffer fromfrom calendar calendar yearyear statistics statistics
Suburb Growth 8/7 HARRINGTON AVE -13.5%
HOUSE
CASTLE CASTLEHILL HILL- Recently - RecentlySold SoldProperties Properties Based on 309 recorded Unit sales compared over the last two rolling 12 month periods
QUICK FACTS
Based Based on 309 on recorded 309 recorded Unit sales Unit sales compared compared over over the last thetwo last two rollingrolling 12 month 12 month periods periods
UNIT
Median MedianSale SalePrice Price $850,000
$660,000 8/7 HARRINGTON AVE 2 bedsPURSER | 2 bathsAVE | 1 car 39/2-4
Oct
from calendar year statistics
2018Based Based on aon rolling a rolling 12 month 12 month period period and and maymay differdiffer 20 Days
from8,416 from calendar calendar yearyear statistics m² 3statistics 2
2
# Sold Properties Suburb Growth # Sold Properties LEVEL 4 , 20/9 GARTHOWEN CRES SHERWIN AVE 278 -3.5% 10/19-29 125 22/9LEVEL GARTHOWEN CRES LEVEL 4,4 20/9 , 20/9 GARTHOWEN GARTHOWEN CRES CRES
8/78/7 HARRINGTON HARRINGTON AVE AVE
months (2018) Based Based on recorded on recorded UnitUnit sales sales within within the the 12 12 months months (2018) (2018) Based on a rolling 12 month period and may differ
Suburb SuburbGrowth Growth
5/5 10/19-29 SHERWIN AVE 10/19-29 SHERWIN SHERWIN AVE AVE
5/20
$850k $850k
-3.5% -3.5%
Based Based on on 125125 recorded recorded UnitUnit sales sales within within thethe lastlast 12 months 12 months (2018) (2018)
Current Current Median Median Price: Price: $850,000 $850,000 Previous Previous Median Median Price: Price: $880,889 $880,889
Based Based on aon rolling a rolling 12 month 12 month period period and and maymay differdiffer fromfrom calendar calendar yearyear statistics statistics
Based Based on 290 on recorded 290 recorded Unit sales Unit sales compared compared over over the last thetwo last two rolling rolling 12 month 12 month periods periods
Oct
2018 58 Days
$1,125,000
166 m²
2
2
2
LEVEL 4 , 20/9 GARTHOWEN CRES 3 beds | 2 baths | 2 cars 1201/299 1201/299 OLD OLD NORTHERN NORTHERN RDRD
39/2-4 39/2-4 PURSER PURSER AVE AVE
B
$752,000
20
18
5/5 SHERWIN AVE 2 beds | 2 baths | 2 cars 1/81-87 CECIL AVE 4/14/1 -7 HUME -7 HUME AVE AVE 1/81-87 1/81-87 CECIL CECIL AVE AVE
$850,000 $850,000 $850,000
Prepared on 06/02/2019 by Ray White Castle Hill , 07 3231 2200 at Ray White Corporate Default. © Property Data So
39/2-4 PURSER AVE 2 beds | 2 baths | 2 cars
The materials are provided as an information source only. © The State of New South Wales (Land and Property Information - LPI) February/201 licence from the Department of Finance and Services, Land and Property Information Oct (LPI) Issue Date: 04/02/19 and may be combined with pro 2018 from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any repr $880,000 data sources. Ownership information derived $1,100,000 $680,000 20 Days completeness or suitability of the data for any particular purpose and disclaims allOct responsibility and all liability (including 8,416 m² 3 without 2limitation,2liabili Oct (including 1201/299 indirect or consequential damage) and costs asHUME a result ofAVE the data being inaccurate or incomplete in any way OLD NORTHERN RD which might be incurred 4/1 -7 2018 2018 Information. Sales Information provider of the Department of Finance and Services, Land and20Property Days 20 Days
2 beds | 2 baths | 2 cars
GARTHOWEN Source: pricefinder.com.au | Properties included may/may not22/9 be sold by Ray White
8,4168,416 m² m² 3 3 2 beds | 2 baths | 2 cars
CRES 23/11 23/11 GARTHOWEN GARTHOWEN CRES CRES
5/5 SHERWIN AVE 29/1-7 29/1-7 HUME HUME AVE AVE
22/9 22/9 GARTHOWEN GARTHOWEN CRES CRES
SHERWIN SHERWIN AVE AVE $850,000 5/55/5
2
2
2
2
5 $752,000
Top 10 House Sales Address
Sold date
Land size
Price
1
16
PARTRIDGE AVE
8/12/2018
948m2
$2,055,000
2
23
TALOFA PL
1/12/2018
1071m2
$1,880,000
3
22
CADMAN CRES
7/12/2018
1082m2
$1,750,000
4
7
HARLECH CRT
15/12/2018
1141m2
$1,655,000
5
3
WARRAN PL
6/12/2018
696m2
$1,480,000
6
24
CHEPSTOW DR
15/1/2019
480m2
$1,430,000
7
4
TUCKWELL RD
2/2/2019
968m2
$1,405,000
8
4
MELVEY PL
23/1/2019
585m2
$1,405,000
9
11
HERON CRT
29/1/2019
825m2
$1,330,000
10
17
DRESDEN AVE
13/12/2018
696m2
$1,245,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
20/9
GARTHOWEN CRES
19/11/2018
$1,125,000
2
299
OLD NORTHERN RD
17/1/2019
$1,100,000
3
68/2
PURSER AVE
25/1/2019
$880,000
4
39/2
PURSER AVE
3/11/2018
$880,000
5
23/11
GARTHOWEN CRES
11/12/2018
$845,000
6
10/19
SHERWIN AVE
8/11/2018
$805,000
7
5/3
ELABANA CRES
13/11/2018
$798,000
8
6/2
SHERWIN AVE
17/12/2018
$720,000
9
18/5
SHERWIN AVE
14/12/2018
$702,000
10
14/1
SHERWIN AVE
20/11/2018
$701,500
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 JAN 2019
DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
$1,250,000
NUMBER OF SALES
20
$1,350,000
FEB
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
2
0%
2
0%
Past 12 Months
2
2
0%
411 Sales
$400K-$500K
2
1
3
1%
$500K-$600K
1
2
3
1%
$600K-$700K
2
10
12
3%
$700K-$800K
1
26
27
7%
$800K-$900K
1
27
28
7%
$900K-$1M
5
18
23
$1M-$1.25M
74
22
96
$1.25M-$1.5M
83
3
86
$1.5M-$1.75M
54
54
$1.75M-$2M
25
25
6%
$2M-$2.5M
24
25
6%
$2.5M-$3M
4
4
>$3M
3
3
1
$1M-$1.25M
6% 23% 21% 13%
1% 2%
96 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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