Cherrybrook 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
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
-3.5%
# Sold Properties
127
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
10/27/2018
859m2
$1,780,000
2
4
CLIFTON PL
11/16/2018
801m2
$1,750,000
3
3
ROWENA PL
12/19/2018
949m2
$1,643,000
4
1
ZULFI CL
11/8/2018
600m2
$1,620,000
5
64
SHEPHERDS DR
12/8/2018
1101m2
$1,585,000
6
18
DALKEITH RD
10/27/2018
640m2
$1,562,000
7
14
MONASTERY PL
12/5/2018
753m2
$1,557,000
8
15
GAVIN PL
10/31/2018
764m2
$1,550,000
9
17
HIBISCUS PL
12/12/2018
755m2
$1,496,250
10
27
ARUNDEL WAY
11/24/2018
471m2
$1,475,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
11
47
MANUKA CIR
26/11/2018
753m2
$1,470,000
12
206
SHEPHERDS DR
11/12/2018
753m2
$1,410,000
13
9
POGSON DR
19/10/2018
746m2
$1,410,000
14
11
TORRENS PL
7/12/2018
890m2
$1,350,000
15
30
WISTERIA CRES
15/11/2018
818m2
$1,300,000
16
12
WILTSHIRE CRT
9/11/2018
587m2
$1,280,000
17
21
CLARIDGE CL
17/11/2018
608m2
$1,255,000
18
7
KALUMNA CL
30/1/2019
770m2
$1,225,000
19
57
TALLOWWOOD AVE
2/11/2018
751m2
$1,200,000
20
2
HALLAM WAY
9/11/2018
353m2
$1,050,000
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
1%
$400K-$500K
1
1
1%
1
1
1%
$600K-$700K
Past 12 Months 158 Sales
$800K-$900K
2
5
7
$900K-$1M
2
12
14
$1M-$1.25M
17
6
23
$1.25M-$1.5M
48
48
29%
$1.5M-$1.75M
41
41
25%
$1.75M-$2M
13
13
$2M-$2.5M
2
2
1%
$2.5M-$3M
1
1
1%
6% 8% 13%
9%
$1.25M-$1.5M 48 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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