Castle Hill Market Report | Spring 2018
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome Over the past few months 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, 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 and / 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!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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the last the 12 last months 12on months (Financial (Financial Year 2018) Yearsales 2018)within Based 346 recorded House Current Current Median Current Median Price: Median Price: $1,580,066 Price: $1,580,066 $1,580,066 Previous Median Price: $1,550,000 the last months (Financial Year 2018) BasedBased on 346 Based on recorded 346 on12 recorded 346 House recorded House sales House within sales sales within within Previous Previous Median Previous Median Price: Median Price: $1,550,000 Price: $1,550,000 $1,550,000 the last the 12 last the months last 12 months 12 (Financial months (Financial (Financial Year 2018) Year Year 2018) 2018) Based on Based a rolling on a12 rolling month 12 period month and period may and differ may differ Based onBased 784 recorded on 784 recorded House sales House compared sales compared over the last overtwo the last two
months months (Financial (Financial Year 2018) Yearsales 2018)within the 12 Based on recorded House months (Financial Year BasedBased on recorded Based on recorded on House recorded House sales House within sales sales within the2018) within 12the 12 the 12 months months (Financial months (Financial (Financial Year period 2018) Year Year 2018) 2018) Based on Based a rolling on a12 rolling month 12 period month and may and differ may differ
rolling 12rolling month12 periods month periods from calendar from year statistics statistics from calendar from year statistics statistics Based on acalendar rolling 12year month period and may differ Based on acalendar rolling 12year month period and may differ Based on 784 recorded House sales compared over the last two rolling 12 month year statistics year statistics Based on Based a rolling Based on a12 rolling onmonth afrom rolling 12 calendar period month 12 month and period may period and differ may and differ may differ Based onBased Based a rolling Based on a12 rolling onmonth afrom rolling 12 calendar period month 12 month and period may period and differ may and differ may differ 784 recorded Based on 784on recorded House 784 recorded sales House compared House sales compared sales overperiods compared the last overtwo the over lastthe two last two Based on rolling 12 rolling month rolling 12 periods month 12 month periods periods from calendar from calendar from yearcalendar statistics year statistics year statistics from calendar from calendar from yearcalendar statistics year statistics year statistics
Recently Sold Properties
8 FERNGREEN 8 FERNGREEN WAY WAY 8 FERNGREEN WAY 8 FERNGREEN 8 FERNGREEN 8 FERNGREEN WAY WAY WAY
9 BROOKFIELD 9 BROOKFIELD WAY WAY 9 BROOKFIELD WAY 9 BROOKFIELD 9 BROOKFIELD 9 BROOKFIELD WAY WAY WAY
$2,410,000 8 FERNGREEN WAY beds baths | 3 cars 2,353 m² 44 POWYS 44 4 POWYS CCT| 4CCT 44 POWYS CCT 44 POWYS 44 POWYS 44 CCT POWYS CCTCCT
$1,265,000 9 BROOKFIELD WAY 547beds | 3 baths 2 cars 561 m² 47 TUCKWELL TUCKWELL RD |RD 47 TUCKWELL RD 47 TUCKWELL 47 TUCKWELL 47 TUCKWELL RD RD RD
$1,165,000 44 POWYS CCT 4 beds | 2 baths | 2 cars
826 m²
1 TASMAN 1 TASMAN CRT CRT 1 TASMAN CRT 1 TASMAN 1 TASMAN 1 TASMAN CRT CRTCRT
$1,545,000 1 TASMAN CRT 4 beds | 3 ST bathsST | 3 cars 979 m² 5 BAYDON 5 BAYDON 5 BAYDON ST 5 BAYDON 5 BAYDON 5 BAYDON ST ST ST
$1,465,000 47 TUCKWELL RD 4 beds | 3 baths | 2 cars
31 ARMIDALE 31 Source: ARMIDALE CRESCRES | Properties included may/may not be sold by Ray White pricefinder.com.au 31 ARMIDALE CRES 31 ARMIDALE 31 ARMIDALE 31 ARMIDALE CRESCRES CRES $1,900,000 $1,900,000
900 m²
$1,500,000 5 BAYDON ST 4 beds | 2 baths | 3 cars
744 m²
4 COTTONWOOD 4 COTTONWOOD PL PL 4 COTTONWOOD PL 4 COTTONWOOD 4 COTTONWOOD 4 COTTONWOOD PL PL PL
$1,950,000 $1,950,000
Based Based on on 120120 recorded recorded Unit Unit sales sales within within thethe last last 12on months 12120 months (Financial (Financial Year Year 2018) 2018) Based Based Based on 120 on recorded 120 recorded recorded Unit Unit sales Unit sales within sales within within thethe the lastlast 12last months 12 months 12 months (Financial (Financial (Financial Year Year 2018) Year 2018) 2018)
Based Based on on recorded recorded Unit Unit sales sales within within thethe 12 12 months (Financial Year Year 2018) 2018) Based Based Based on months on recorded recorded on(Financial recorded Unit Unit sales Unit sales within sales within within thethe 12 the 12 12 months months months (Financial (Financial (Financial Year Year 2018) Year 2018) 2018)
Current Current Current Median Median Median Price: Price: Price: $878,000 $878,000 $878,000 Previous Previous Median Median Price: Price: $891,000 $891,000 Previous Previous Previous Median Median Median Price: Price: Price: $891,000 $891,000 $891,000
CASTLE HILL - Recently Sold Properties Based Based on aon rolling a rolling 12 month 12 month period period andand maymay differ differ from calendar calendar year statistics statistics Based Based on Based aon rolling afrom on rolling a12 rolling month 12 year month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
QUICK FACTS
HOUSE
47/12 47/12 -18-18 HUME HUME AVE AVE 47/12 47/12 47/12 -18-18 HUME -18 HUME HUME AVE AVE AVE
Suburb Growth
+1.3%
Median Sale Price
Based Based on aon rolling a rolling 12 month 12 month period period andand maymay differ differ from calendar calendar year statistics statistics Based Based on Based aon rolling afrom on rolling a12 rolling month 12 year month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Based Based on 272 on recorded 272 recorded Unit Unit salessales compared compared overover the last the two last two 12 Unit month 12 month periods periods Based Based on Based 272 on recorded 272 onrolling recorded 272rolling Unit recorded sales sales Unit compared sales compared compared overover the last the overtwo last thetwo last two
QUICK FACTS rolling rolling 12 rolling month 12 month 12 periods month periods periods
# Sold Properties
359 UNIT 908/12 908/12 PENNANT PENNANT STST
Suburb Growth
# Sold Properties
-1.5%79/2-4 126AVE 79/2-4 PURSER PURSER AVE
Suburb Growth
908/12 908/12 908/12 PENNANT PENNANT PENNANT STST ST
# Sold Properties
79/2-4 79/2-4 79/2-4 PURSER PURSER PURSER AVE AVE AVE
$878k
-1.5%
126
Based on 126 recorded Unit sales within the last 12 months (Financial Year 2018)
Current Median Price: $878,000 Previous Median Price: $891,000
Based on recorded Unit sales within the 12 months (Financial Year 2018)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 278 recorded Unit sales compared over the last two rolling 12 month periods
Based on a rolling 12 month period and may differ from calendar year statistics
$772,000
47/12 -18 HUME AVE 2 beds | 2 baths | 2 cars 15/35-37 PARSONAGE RD 8 CHAINMAIL 8 CHAINMAIL CRES CRES 8 CHAINMAIL 8 CHAINMAIL 8 CHAINMAIL CRES CRES CRES
$743,500
908/12 PENNANT ST 2 beds | 2 baths | 2 cars 17/35-37 PARSONAGE RD 31/1 31/1 -7 HUME -7 HUME AVE AVE 31/1 31/1 -731/1 HUME -7 HUME -7 HUME AVE AVE AVE
$1,020,000 15/35-37 PARSONAGE RD 3 beds | 2 baths | 2 cars
Aug
2018 50 Days 4,925 m² 31/1 -7 HUME AVE 2 beds | 2 baths | 2 cars
79/2-4 PURSER AVE 2 beds | 2 baths | 1 car 48/22-26 MERCER ST 9/8-14 9/8-14 MERCER MERCER STST 9/8-14 9/8-14 9/8-14 MERCER MERCER MERCER STST ST
$1,020,000
$750,000
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White 5/38 -42 BRISBANE RD 47/12 -18 HUME AVE 2/11 2/11 GARTHOWEN GARTHOWEN CRES CRES 2/11 2/11 GARTHOWEN 2/11 GARTHOWEN GARTHOWEN CRES CRES CRES
$757,500
3
2
$825,000 2018 79 Days 1.26 ha 2 2 9/8-14 MERCER ST 2 beds | 2 baths | 2 cars
$705,000
Aug
908/12 PENNANT ST
2
5
2
Top 10 House Sales Address
Sold date
Land size
Price
1
3
LOMOND PL
28/6/2018
2,000m2
$3,800,000
2
8
FERNGREEN WAY
7/8/2018
2,353m2
$2,410,000
3
4
COTTONWOOD PL
13/7/2018
1,539m2
$1,950,000
4
31
ARMIDALE CRES
20/7/2018
643m2
$1,900,000
5
5
OWEN WAY
25/6/2018
715m2
$1,810,000
6
31
GILHAM ST
7/6/2018
696m2
$1,805,000
7
32
CASTLEWOOD DR
13/7/2018
1,565m2
$1,800,000
8
1
MARIE ST
6/7/2018
838m2
$1,758,000
9
15
CASTLEWOOD DR
18/7/2018
850m2
$1,690,000
10
22
FOLEY PL
17/8/2018
529m2
$1,688,000
Properties included may/may not be sold by Ray White
Top 10 Unit Sales Address
Sold date
Price
1
2/11
GARTHOWEN CRES
1/8/2018
$1,070,000
2
15/35
PARSONAGE RD
20/8/2018
$1,020,000
3
17/35
PARSONAGE RD
20/8/2018
$1,020,000
4
4/3
ELABANA CRES
28/8/2018
$935,000
5
8/2
PARSONAGE RD
1/8/2018
$892,500
6
9/8
MERCER ST
13/8/2018
$825,000
7
5/38
BRISBANE RD
10/8/2018
$820,000
8
801/12
PENNANT ST
10/8/2018
$796,000
9
6/1
MERCER ST
8/8/2018
$788,000
10
47/12
HUME AVE
7/8/2018
$772,000
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.
Medium 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 AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
$1,250,000
NUMBER OF SALES
20
$1,350,000
SEP
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%
442 Sales
2
0%
$400K-$500K
2
$500K-$600K
1
3
4
1%
$600K-$700K
1
4
5
1%
24
24
5% 5%
$700K-$800K $800K-$900K
1
22
23
$900K-$1M
6
20
26
$1M-$1.25M
52
26
78
$1.25M-$1.5M
81
3
84
$1.5M-$1.75M
79
$1.75M-$2M
44
$2M-$2.5M
26
26
$2.5M-$3M
5
5
>$3M
7
7
$1.25M-$1.5M
6% 18% 19%
79 1
18%
45
10% 6% 1% 2%
84 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
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
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
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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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