Cherrybrook 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
the the last last the 12 months last 12 months 12 months (Oct(Oct '17(Oct -'17 Sep -'17 Sep '18) - Sep '18) '18) Based Based on Based 134 on 134 recorded on 134 recorded recorded House House sales House sales within sales within within the the last last the 12amonths last 1212 months 12 months (Oct (Oct '17 (Oct -'17 Sep -'17 Sep '18) - Sep '18) '18) Based Based onBased a on rolling on rolling a rolling month 12 month 12 period month period and period may and may differ and may differdiffer from from calendar from calendar year calendar year statistics year statistics statistics
Current Current Current Median Median Median Price: Price: $1,500,000 Price: $1,500,000 $1,500,000 Previous Previous Previous Median Median Median Price: Price: $1,543,000 Price: $1,543,000 $1,543,000
BasedBased on 305 Based onrecorded 305onrecorded 305 House recorded House salesHouse sales compared sales compared over compared the over last the over two last thetwo last two rollingrolling 12 month rolling 12 month periods 12 month periods periods
Recently Sold Properties
Based Based onBased a on rolling a on rolling 12 a rolling month 12 month 12 period month period and period may and may differ and may differdiffer from from calendar from calendar year calendar year statistics year statistics statistics
BasedBased on 305 Based onrecorded 305onrecorded 305 House recorded House salesHouse sales compared sales compared over compared the over last the over two last thetwo last two rollingrolling 12 month rolling 12 month periods 12 month periods periods
months months months (Oct(Oct '17(Oct -'17 Sep -'17 Sep '18) - Sep '18) '18) Based Based on Based recorded on recorded on recorded House House sales House sales within sales within the within the 12 12 the 12 months months months (Oct (Oct '1712 (Oct -'17 Sep -'17 Sep '18) - may Sep '18)differ '18)differdiffer Based Based onBased a on rolling a on rolling 12 a rolling month 12 month period month period and period and may and may from from calendar from calendar year calendar year statistics year statistics statistics
Based Based onBased a on rolling a on rolling 12 a rolling month 12 month 12 period month period and period may and may differ and may differdiffer from from calendar from calendar year calendar year statistics year statistics statistics
1 ZULFI 1 ZULFI 1 CL ZULFI CL CL
15 GAVIN 15 GAVIN 15 GAVIN PL PL PL
12 WILTSHIRE 12 WILTSHIRE 12 WILTSHIRE CRT CRTCRT
1 ZULFI 1 ZULFI 1 CL ZULFI CL CL
15 GAVIN 15 GAVIN 15 GAVIN PL PL PL
12 WILTSHIRE 12 WILTSHIRE 12 WILTSHIRE CRT CRTCRT
$1,620,000
$1,550,000
$1,280,000
1 ZULFI CL beds | 2 CRES baths | 3 cars 600 m² 12 PAXTON 12 4PAXTON 12 PAXTON CRES CRES
15 GAVIN PL | 3 baths | 2 cars 14 4 FERNBANK 14beds FERNBANK 14 FERNBANK PL PL PL 764 m²
12 WILTSHIRE CRT 432beds |32 2 RD baths 2 cars 587 m² JOHN 32 JOHN JOHN RD| RD
12 PAXTON 12 PAXTON 12 PAXTON CRES CRES CRES
14 FERNBANK 14 FERNBANK 14 FERNBANK PL PL PL
32 JOHN 32 JOHN 32 RD JOHN RD RD
$1,600,000 12 PAXTON CRES 4 beds | 2 baths | 2 cars 760 m²
$1,780,000 14 FERNBANK PL 4 beds | 2 bath | 2 cars 859 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$940,000 32 JOHN RD 3 beds | 1 bath | 1 car 518 m²
Based Based onBased 112 on 112 recorded on recorded 112 recorded House House sales House sales within within sales within last last 12 the months 12last months 12 (2018) months (2018) (2018) Based Based onthe Based 112 onthe 112 recorded on recorded 112 recorded House House sales House sales within within sales within the the lastlast 12the months 12last months 12(2018) months (2018) (2018) Based Based on aon Based rolling a rolling 12 on month a12 rolling month period 12period month and and may period may differ and differ may differ calendar calendar from year calendar year statistics statistics year statistics Based Based on afrom on Based rolling afrom 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
QUICK FACTS
HOUSE
17 17 HIBISCUS HIBISCUS 17 HIBISCUS PL PL PL 17 17 HIBISCUS HIBISCUS 17 HIBISCUS PL PL PL
Median Sale Price
$1.5m
Current Current Median Current Median Price: Median Price: $1,500,000 Price: $1,500,000 $1,500,000 Previous Previous Median Previous Median Price: Median Price: $1,550,000 Price: $1,550,000 $1,550,000 Previous Previous Median Previous Median Price: Median Price: $1,550,000 Price: $1,550,000 $1,550,000
Based Based on 276 onBased recorded 276 recorded on House 276 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling rolling 12recorded month 12 rolling month periods 12 periods month periods Based Based on 276 onBased recorded 276 recorded on House 276 House sales sales compared House compared sales over compared over the last thetwo last overtwo the last two rolling rolling 12 month 12 rolling month periods 12 periods month periods
Suburb Growth
-3.2%
# Sold Properties
112
206206 SHEPHERDS SHEPHERDS 206 SHEPHERDS DRDR DR 206206 SHEPHERDS SHEPHERDS 206 SHEPHERDS DRDR DR
$1,496,250 17 HIBISCUS PL 5 beds | 4 baths | 2 cars 754 m² 11 11 TORRENS TORRENS 11 TORRENS PL PL PL 11 11 TORRENS TORRENS 11 TORRENS PL PL PL
206 SHEPHERDS DR 4 beds | 2 baths | 2 cars 753 m² 30 30 WISTERIA WISTERIA 30 WISTERIA CRES CRESCRES 30 30 WISTERIA WISTERIA 30 WISTERIA CRES CRESCRES
$1,300,000 30 WISTERIA CRES 4 beds | 3 bath | 2 cars 819 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
Based Based on aon Based rolling a rolling 12 on month a12 rolling month period 12period month and and may period may differ and differ may differ calendar calendar from year calendar year statistics statistics year statistics Based Based on afrom on Based rolling afrom 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
14 14 MONASTERY MONASTERY 14 MONASTERY PL PL PL 14 14 MONASTERY MONASTERY 14 MONASTERY PL PL PL
$1,410,000
$1,350,000 11 TORRENS PL 4 beds | 2 baths | 2 cars 890 m²
Based Based onBased recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12 the 12 months (2018) months (2018) (2018) Based Based onBased recorded on recorded onmonths recorded House House sales House sales within within sales thewithin the 12 12 the 12 months months (2018) months (2018) (2018)
$1,557,000 14 MONASTERY PL 5 beds | 2 baths | 2 cars 740 m² 21 21 CLARIDGE CLARIDGE 21 CLARIDGE CLCL CL 21 21 CLARIDGE CLARIDGE 21 CLARIDGE CLCL CL
$1,255,000 21 CLARIDGE CL 4 beds | 2 baths | 2 cars 608 m² 5
Top 20 House Sales Address
Sold date
Land size
Price
1
14
FERNBANK PL
27/10/2018
859m2
$1,780,000
2
4
CLIFTON PL
16/11/2018
801m2
$1,750,000
3
15
ROSSIAN PL
17/10/2018
687m2
$1,700,000
4
1
ZULFI CL
15/11/2018
600m2
$1,620,000
5
12
PAXTON CRES
18/10/2018
777m2
$1,600,000
6
4
ELGA CL
13/10/2018
812m2
$1,600,000
7
18
DALKEITH RD
27/10/2018
640m2
$1,562,000
8
14
MONASTERY PL
12/12/2018
740m2
$1,557,000
9
15
GAVIN PL
14/11/2018
764m2
$1,550,000
10
24
KENTIA PDE
18/10/2018
1,021m2
$1,515,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
11
17
HIBISCUS PL
21/12/2018
755m2
$1,496,250
12
39
PURCHASE RD
10/10/2018
741m2
$1,480,000
13
206
SHEPHERDS DR
18/12/2018
753m2
$1,410,000
14
9
POGSON DR
19/10/2018
746m2
$1,410,000
15
55
FORESTER CRES
12/10/2018
510m2
$1,360,000
16
11
TORRENS PL
7/12/2018
890m2
$1,350,000
17
30
WISTERIA CRES
5/12/2018
819m2
$1,300,000
18
12
WILTSHIRE CRT
9/11/2018
587m2
$1,280,000
19
21
CLARIDGE CL
30/11/2018
608m2
$1,255,000
20
10
BROKENWOOD PL
20/10/2018
358m2
$985,000
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 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
$400K-$500K
1
$600K-$700K
2
1%
1
1%
1
1
1%
Past 12 Months 160 Sales
$800K-$900K
2
7
9
$900K-$1M
2
11
13
$1M-$1.25M
15
5
20
$1.25M-$1.5M
47
47
29%
$1.5M-$1.75M
40
40
25%
$1.75M-$2M
14
14
$2M-$2.5M
2
2
1%
$2.5M-$3M
1
1
1%
6% 8% 13%
9%
$1.25M-$1.5M 47 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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