Glenhaven Market Report | Summer 2018
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome Throughout 2018 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 (opening in 2019), 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. As we draw near to Christmas, Ray White Castle Hill is once again supporting the Little Ray of Giving campaign - Ray White’s very own Christmas charity initiative that has since inception helped thousands of underprivileged people in our communities. This year, Ray White Castle Hill has chosen to support the Jesuit Refugee Service and throughout November and December, our office is requesting donations of nonperishable food items to be placed under our Christmas tree in the reception area. We would also like to, on behalf of the team at Ray White Castle Hill, take this opportunity to thank our local community for their continued support throughout 2018 and we look forward to assisting you with your property needs in 2019. We wish you all a very Merry Christmas and a prosperous New Year!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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Based Based on 64 on recorded 64 recorded House House sales sales within within the the last last 12 months 12 (Financial (Financial Year Year 2018) 2018) Based Based on Based 64 on recorded 64months recorded on 64 recorded House House sales House sales within within sales thewithin the the lastlast 12 months 12last months 12(Financial months (Financial (Financial Year Year 2018) 2018) Year 2018)
Current Current Median Current Median Price: Median Price: $1,625,000 Price: $1,625,000 $1,625,000 Previous Previous Median Median Price: Price: $1,623,000 $1,623,000 Previous Previous Previous Median Median Price: Median Price: $1,623,000 Price: $1,623,000 $1,623,000
Based Based on aon rolling a rolling 12 month 12 month period period and and maymay differdiffer calendar calendar year year statistics 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
rollingrolling 12 month 12rolling month periods 12 periods month periods
Based Based on 154 onrecorded 154 recorded House House salessales compared compared over over the last thetwo last two rolling rolling 12recorded month 12 month periods periods Based Based on 154 onBased recorded 154 recorded on House 154 House sales sales compared House compared sales overcompared over the last thetwo last overtwo the last two
Recently Sold Houses
14 OLD GLENHAVEN RD 17 17 LINKSLEY LINKSLEY AVE AVE 17 17 LINKSLEY LINKSLEY 17 LINKSLEY AVE AVE AVE
13 13 CAMILLE CAMILLE PL PL 13 13 CAMILLE CAMILLE 13 CAMILLE PL PL PL
$1,775,000 17 LINKSLEY AVE CREGO RD | 2 cars 1,972 m² 56beds | 2 baths 14 14 OLD OLD GLENHAVEN GLENHAVEN RDRD 14 14 OLD OLD GLENHAVEN 14 GLENHAVEN OLD GLENHAVEN RDRD RD
13 CAMILLE PL 6 CRACKENBACK 4 beds | 2 baths | 2 carsCRT 996 m² 34 34 GILBERT GILBERT RDRD 34 34 GILBERT GILBERT 34 GILBERT RDRD RD
$1,260,550 34 GILBERT RD 4 beds | 4 baths | 2 cars 958 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
Based Based on aon rolling a rolling 12 month 12 month period period and and maymay differdiffer calendar calendar year year statistics 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
24 24 BEACON BEACON AVE AVE 24 24 BEACON BEACON 24 BEACON AVE AVE AVE
$1,228,000
$2,640,000 6 CREGO RD 5 beds | 5 baths | 3 cars 4,287 m²
Based Based on recorded on recorded House House sales sales within within the the 12 12 months months (Financial (Financial Year Year 2018) 2018) Based Based on Based recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months months (Financial months (Financial (Financial Year Year 2018) 2018) Year 2018)
$1,560,000 24 BEACON AVE CRTm² 4 beds 6 | 2WILLIAMTOWN baths | 2 cars 926 32 32 GREENBANK GREENBANK DRDR 32 32 GREENBANK GREENBANK 32 GREENBANK DRDR DR
$1,360,000 32 GREENBANK DR 4 beds | 2 baths | 2 cars 900 m²
Based Based on 63 Based onrecorded 63 on recorded 63 House recorded House sales House sales within within sales the within the the last last 12 months 12last months 12 (Oct months (Oct '17 -'17 Sep (Oct - Sep '18) '17 '18) - Sep '18) Based Based on a rolling on Based a rolling 12 onmonth a12 rolling month period 12 period month and may and period differ may and differ may differ from calendar from calendar from yearcalendar statistics year statistics year statistics
QUICK FACTS Median Sale Price
Suburb Growth
$1.61m -5% 14 OLD 14 GLENHAVEN OLD GLENHAVEN RD RD 19 GLENSHEE 19 GLENSHEE 19 GLENSHEE PL PL PL
Based Based on a rolling on Based a rolling 12 onmonth a12 rolling month period 12 period month and may and period differ may and differ may differ from calendar from calendar from yearcalendar statistics year statistics year statistics
# Sold Properties
63
36 SANDHURST 36 SANDHURST 36 SANDHURST CRES CRESCRES
11 HIGHETT 11 HIGHETT 11 HIGHETT PL PL PL
$1,780,000 36 SANDHURST CRES 5 beds | 3 baths | 3 cars 1,525 m² 6 CRACKENBACK 6 CRACKENBACK CRT CRT 3 AMELIA 3 AMELIA 3 GODBEE AMELIA GODBEE GODBEE AVEAVE AVE
$1,130,000 $1,130,000 $1,130,000
$1,185,000
Based Based on recorded Based on recorded on House recorded House sales House sales within within sales the within 12 the 12the 1 months months (Oct months (Oct '17 -'17 Sep (Oct - Sep '18) '17 '18) - Sep '18)
BasedBased on 154on recorded Based 154 recorded onHouse 154 recorded House sales compared sales House compared sales overcompared the over lastthe two last overtwo the last two rolling rolling 12 month 12rolling month periods 12 periods month periods
$1,540,000
19 GLENSHEE PL 4 beds | 2 baths | 2 cars 1,041 m² 6 CREGO 6 CREGO RD RD 14 OLD GLENHAVEN RD 23 EVANS 23 EVANS 23RD EVANS RD RD
Current Current Median Current Median Price: Median Price: $1,615,000 Price: $1,615,000 $1,615,000 Previous Previous Median Previous Median Price: Median Price: $1,700,000 Price: $1,700,000 $1,700,000
$1,440,000 11 HIGHETT PL 4 beds | 2 baths | 2 cars 1,117 m² 6 WILLIAMTOWN 6 WILLIAMTOWN CRT CRT 28A28A MILLS MILLS 28A RD MILLS RD RD
$1,250,000 $1,250,000 $1,250,000
$1,410,000
$2,950,000 $2,950,000 $2,950
$1,730,000
Sep Sep Sep 14 OLD GLENHAVEN RD 2018 2018 2018 4 beds baths | 2908 cars 39 Days39 Days 39 Days | 2 908 m²908 m² 4 m² 4 667 2 4m² 2 2 22
Sep Sep Sep Aug Aug Aug 6 CRACKENBACK CRT 6 WILLIAMTOWN CRT 2018 2018 2018 2018 2018 2018 4 beds baths | 2 cars 1,005 m² 5 beds | 3 baths | 2 cars 3 Days 3 Days | 32 Days 98 Days 98 Days 98 Days 1,010 1,010 m² m²1,010 1,187 1,187 m² 718 m²1,187 2 4 m²4 2 4 2 3 2 3 3 5m²m²5 3 5 3 3 3 3 5 Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
6 CREGO RD
6 CRACKENBACK CRT
6 WILLIAMTOWN CRT
Top 10 House Sales Address
Sold date
Land size
Price
1
14
GLENSHEE PL
3/8/2018
1000 m²
$3,100,000
2
28
MILLS RD
30/8/2018
1187 m²
$2,950,000
3
6
CREGO RD
27/6/2018
4287 m²
$2,640,000
4
9
ARALUEN PL
29/6/2018
2203 m²
$2,330,000
5
36
SANDHURST CRES
22/9/2018
1525 m²
$1,780,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
17
LINKSLEY AVE
30/7/2018
1972 m²
$1,775,000
7
24
WOODBURN PL
24/8/2018
924.3 m²
$1,750,000
8
6
WILLIAMTOWN CRT
8/6/2018
717.7 m²
$1,730,000
9
23
SYLVAN GR
22/8/2018
815 m²
$1,640,000
10
24
BEACON AVE
21/7/2018
925.9 m²
$1,560,000
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.
$1,000,000
2
NUMBER OF SALES
6
OCT
$1,200,000
SEP
10
AUG
$1,400,000
JUL
14
JUN
$1,600,000
MAY
18
APR
$1,800,000
MAR
22
FEB
$2,000,000
JAN 2018
26
DEC
$2,200,000
NOV
MEDIAN SALE PRICE
Median House Prices
MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Past 12 months House $400K-$500K
Unit
1
1
1%
$600K-$700K
1
1
1%
$800K-$900K
1
1
1%
$900K-$1M
3
3
Past 12 Months 80 Sales
4%
$1M-$1.25M
12
12
$1.25M-$1.5M
16
16
20%
$1.5M-$1.75M
16
16
20%
$1.75M-$2M
9
9
$2M-$2.5M
7
7
$2.5M-$3M
4
4
>$3M
6
6
16%
11% 9% 5% 8%
$1.25M-$1.5M 16 Sales $1.5M-$1.75M 16 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
Siobhan Robinson 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
Michael Karanicolas 0411 062 888
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
Brendan Jackson 0404 088 783
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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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