Glenhaven 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
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Based Based onBased 64 on recorded 64 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: Median Price: $1,623,000 Price: $1,623,000 $1,623,000 Nov Previous
Nov Nov
2018 2018 2018
55 Days 55 Days 55 Days 1,2561,256 m² m² 1,256 7 m²7 4 7 4 3 43 Based Based on 154 onBased recorded 154 recorded on House 154 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rollingrolling 12 month 12rolling month periods 12 periods month periods
Recently Sold Houses
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 fromfrom calendar calendar from year calendar year statistics statistics year statistics
17 17 LINKSLEY LINKSLEY 17 LINKSLEY AVE AVE AVE
Based Based onBased 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) 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 fromfrom calendar calendar from year calendar year statistics statistics year statistics
23 23 EVANS EVANS 23 RD EVANS RD RD
13 13 CAMILLE CAMILLE 13 CAMILLE PL PL PL
$1,775,000
3
24 24 BEACON BEACON 24 BEACON AVE AVE AVE
$1,228,000
Sep Sep
Sep
39 Days 39 Days
39 Days
2018 2018 2018
$1,130,000 $1,130,000 $1,130,000
908 m² 908 m² 9084m² 4
2 42 $1,560,000
17 LINKSLEY AVE 5 beds | 2 baths | 2 cars 1,972 m² 26B 26B HYDE HYDE 26B AVE HYDE AVE AVE
13 CAMILLE PL 4 beds | 2 baths | 2 cars 996 m² 3 AMELIA 3 AMELIA 3 AMELIA GODBEE GODBEE GODBEE AVE AVE AVE
24 BEACON AVE 4 beds | 2 baths | 2 cars 926 m² 28A 28A MILLS MILLS 28ARD MILLS RD RD
14 14 OLD OLD GLENHAVEN 14 GLENHAVEN OLD GLENHAVEN RDRD RD
34 34 GILBERT GILBERT 34 GILBERT RDRD RD
32 32 GREENBANK GREENBANK 32 GREENBANK DRDR DR
$910,000 26B HYDE AVE 3 beds | 2 baths | 2 cars 418 m²
$1,250,000 3 AMELIA GODBEE AVE 4 beds | 2 baths | 3 cars 1,010 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$2,950,000 28A MILLS RD 5 beds | 3 baths | 3 cars 1,187 m²
2 22
2
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
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
$1.63m
Suburb Growth
-4.1%
14 OLD GLENHAVEN RD 19 GLENSHEE 19 GLENSHEE 19 GLENSHEE PL PL PL
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
# Sold Properties 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 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 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
14 OLD GLENHAVEN RD
50
$1,540,000
19 GLENSHEE PL 4 beds | 2 baths | 2 cars 1,041 m² 6 CREGO RD 14 OLD GLENHAVEN RD 23 EVANS 23 EVANS 23RD EVANS RD RD
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)
$1,440,000 11 HIGHETT PL CREGO RD | 2 cars 1,117 m² 46beds | 2 baths 6 WILLIAMTOWN CRT
6C
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
$2,640,000
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 6 CRACKENBACK CRT 6 CREGO RD Aug 2018 2018 2018 2018 2018 2018 4 beds baths | 2 cars 1,005 m² 5 beds | 5 baths cars 3 Days 3 Days | 32 Days 98 Days 98 Days 98 Days| 3 1,010 1,010 m² m²1,010 1,187 1,187 m² 4,287 m²1,187 m²5 3 5 3 3 3 3 2 4 m²4 2 4 2 3 2 3 3 5 m² 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 16 House Sales Address
Sold date
Land size
Price
1
14
GLENSHEE PL
3/8/2018
1000m2
$3,100,000
2
28
MILLS RD
30/8/2018
1187m2
$2,950,000
3
390
OLD NORTHERN RD
7/11/2018
4001m2
$2,450,000
4
32
MILLS RD
25/9/2018
1803m2
$1,920,000
5
48
GLENHAVEN RD
30/11/2018
1063m2
$1,862,000
6
4
MILLS RD
1/11/2018
1256m2
$1,850,000
7
20
CROMERTY PL
11/11/2018
866m2
$1,800,000
8
36
SANDHURST CRES
22/9/2018
1525m2
$1,780,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
9
24
WOODBURN PL
24/8/2018
924m2
$1,750,000
10
23
SYLVAN GR
15/8/2018
815m2
$1,640,000
11
19
GLENSHEE PL
13/10/2018
1041m2
$1,540,000
12
6
CARINDA DR
8/10/2018
3605m2
$1,460,000
13
11
HIGHETT PL
14/9/2018
1117m2
$1,440,000
14
3
AMELIA GODBEE AVE
2/9/2018
1010m2
$1,250,000
15
23
EVANS RD
8/9/2018
908m2
$1,130,000
16
24
GLENHAVEN RD
28/8/2018
908m2
$1,095,000
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
NOV
$1,200,000
OCT
10
SEP
$1,400,000
AUG
14
JUL
$1,600,000
JUN
18
MAY
$1,800,000
APR
22
MAR
$2,000,000
FEB
26
JAN 2018
$2,200,000
DEC
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
2%
$600K-$700K
1
1
2%
$800K-$900K
1
1
2%
$900K-$1M
1
1
2
$1M-$1.25M
11
1
12
$1.25M-$1.5M
9
9
$1.5M-$1.75M
12
12
$1.75M-$2M
11
17
$2M-$2.5M
5
8
$2.5M-$3M
3
5
>$3M
3
5
Past 12 Months 65 Sales
3% 18% 14% 18% 13% 9% 5% 8%
$1M-$1.25M 12 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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