Glenhaven Market Report Winter 2018
Ray White Castle Hill is the proud sponsor of
Welcome 2018 has certainly been an interesting year not only in the real estate market, but markets across the board including Australian stocks, banking and the lending industries. Whilst this has provided numerous headlines across our state and national media and no doubt, interesting debates across the dinner table, more locally however, we have seen our real estate market most decidedly enter into a new phase- a phase that we refer to as a “normal” market. This begs the question “what is a normal market”? Property owners in Sydney over the past few years have seen their homes increase substantially in value – some areas even by double. The Hills has experienced an approx. 20% increase in property values since the commencement of the North West Rail Link. This increase was further fuelled by record low interest rates, robust foreign investment, easy to obtain finance, a strong economy and buyer demand, thus leading to a housing boom where it would be common to sell after the first open home and Auction clearance rates at all-time highs.
The shift to a more normal market has been gradual since early 2017 and one that was led by the Government changes to rules relating to foreign investment and ownership (announced in the 2017/2018 Budget), the closing in of supply and demand and more recently, much tighter lending conditions. Despite all this, the Hills District remains in high demand! Days on market has definitely increased, Auction clearance rates have shifted and the gap between buyer and seller expectation is occasionally askew, however good results are still being achieved by our Sales Executives. Our team’s ability to adapt and implement changes to meet the current environment has been critical for the success of our clients…..and the results show. Latest figures indicate that Ray White Castle Hill has the highest market share in the area – doubling since this time last year, our days on market are on average are the lowest compared to other agencies and positive testimonials flood in daily.
It’s these testimonials and feedback that continue to drive our team to work even harder for our clients and help validate why we all love working in this industry. We see it more than just a transaction. We view real estate as the matchmaking of a property to a buyer, helping dreams become realities, being a partner in creating wealth for clients and assisting those entering into a new chapter of life, be it: first time home buyer, investor, downsizer, retiree or the growing family, etc. Should we be able to assist you with your property needs, please don’t hesitate to 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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Based on 72 recorded House sales within the Based Basedon on7272 recorded recorded House sales sales within within the last 12 monthsHouse (Apr '17 - Mar '18) the last last 12 12 months months (Apr (Apr '17 '17 - sales Mar -sales Marwithin '18) '18) Based Based Based on on on 72 72 72 recorded recorded recorded House House House sales within within the the the last last last 1212 12 months months months (Apr (Apr (Apr '17 '17 '17 - Mar -- Mar Mar '18) '18) '18) Based on a rolling 12 month period and may differ from calendar year statistics Based Basedonona arolling rolling 1212month month period period and andmay maydiffer differ calendar calendar year year statistics statistics Based Based Based onon on afrom arolling afrom rolling rolling 1212 12 month month month period period period and and and may may may differ differ differ from from from calendar calendar calendar year year year statistics statistics statistics
Current Median Price: $1,637,750 Current CurrentMedian Median Price: Price: $1,637,750 $1,637,750 Previous Median Price: $1,550,000 Current Current Current Median Median Median Price: Price: Price: $1,637,750 $1,637,750 $1,637,750 Previous Previous Median Price: $1,550,000 $1,550,000 Previous Previous Previous Median Median Median Price: Price: Price: $1,550,000 $1,550,000 $1,550,000
Recently sold houses 47 CARINDA DR 47 47CARINDA CARINDADR DR 47 47 47CARINDA CARINDA CARINDADR DR DR
Based on 163 recorded House sales compared over the last two rolling 12sales month periods over Based Based onon 163 163 recorded recorded House House sales compared compared over thethe last last two two rolling rolling 1212 month month periods periods Based Based Based onon on 163 163 163 recorded recorded recorded House House House sales sales sales compared compared compared over over over thethe the last last last two two two rolling rolling rolling 1212 12 month month month periods periods periods
99-101 GREENBANK DR 99-101 99-101GREENBANK GREENBANKDR DR 99-101 99-101 99-101GREENBANK GREENBANK GREENBANKDR DR DR
$1,175,000 47 CARINDA DR 49 bed | 2 bath | 2DR garages 1,052 m² GREENBANK
99GREENBANK GREENBANKDR DR 999GREENBANK GREENBANK GREENBANKDR DR DR
Based on a rolling 12 month period and may differ from calendar year statistics Based Basedonona arolling rolling 1212month month period period and andmay maydiffer differ calendar calendar year year statistics statistics Based Based Based onon on afrom arolling afrom rolling rolling 1212 12 month month month period period period and and and may may may differ differ differ from from from calendar calendar calendar year year year statistics statistics statistics
7 SANDHURST CRES 77SANDHURST SANDHURSTCRES CRES 777SANDHURST SANDHURST SANDHURSTCRES CRES CRES
$2,650,000 99-101 GREENBANK DR 49bed | 3 bath HIGHETT PL| 3 garages 1,832 m²
99HIGHETT HIGHETTPL PL 999HIGHETT HIGHETT HIGHETTPL PL PL
$1,760,000 9 GREENBANK DR 5 bed | 2 bath | 2 garages 900 m²
Based on recorded House sales within the 12 Based Basedon onrecorded recorded House sales withinthe the1212 months House (Apr '17sales - Marwithin '18) months months (Apr (Apr '17 '17-sales Mar -sales Mar'18) '18) Based Based Based on on on recorded recorded recorded House House House sales within within within the the the 1212 12 months months months (Apr (Apr (Apr '17 '17 '17 - Mar -- Mar Mar '18) '18) '18)
$1,660,000 9 HIGHETT PL 4 bed | 3 bath | 2 garages 4,064 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$1,500,000 7 SANDHURST CRES 4 bed | 3 bath 6 RENEE CL | 4 garages 1,033 m² 66RENEE RENEECL CL 666RENEE RENEE RENEECL CL CL
$1,880,000 6 RENEE CL 4 bed | 3 bath | 3 garages 1,129 m²
Median Sale Price
$1.64m
Suburb Growth
+ 5.7%
# Sold Properties
76
28 28GAWAIN GAWAINCRT CRT 28 28 28GAWAIN GAWAIN GAWAINCRT CRT CRT
70 70FINGAL FINGALAVE AVE 70 70 70FINGAL FINGAL FINGALAVE AVE AVE
$1,220,000 28 GAWAIN CRT
4428A bedOLD | 3 bath | 2 garages 428A OLD NORTHERN NORTHERN RD RD 848 m² 428A 428A 428AOLD OLD OLDNORTHERN NORTHERN NORTHERNRD RD RD
$1,750,000 70 FINGAL AVE 413 bed | 3 bathRD | 3 garages 1,000 m² 13 GRANGE GRANGE RD
13 13 13GRANGE GRANGE GRANGERD RD RD
$2,100,000 428A OLD NORTHERN RD 4 bed | 3 bath | 3 garages 2,052 m²
$1,615,000 23 GREENBANK DR 426 bed | 3 GLENHAVEN bath | 4 garages 26OLD OLD GLENHAVEN RD RD 922 m² 26 26 26OLD OLD OLDGLENHAVEN GLENHAVEN GLENHAVENRD RD RD
$2,250,000 13 GRANGE RD 4 bed | 3 bath | 4 garages 4,004 m²
432 432OLD OLDNORTHERN NORTHERNRD RD 72 72GREENBANK GREENBANKDR DR NORTHERN 72 GREENBANK DR Source: pricefinder.com.au | RD Properties included may or may not be sold by Ray White 432 432 432OLD OLD OLD NORTHERN NORTHERNRD RD 72 72 GREENBANK GREENBANK DR DR $1,630,000 $1,630,000 $1,630,000 $1,630,000 $1,630,000
23 23GREENBANK GREENBANKDR DR 23 23 23GREENBANK GREENBANK GREENBANKDR DR DR
$1,680,000 $1,680,000 $1,680,000 $1,680,000 $1,680,000
$1,980,880 26 OLD GLENHAVEN RD 7 bed | 3 bath | 4 garages 720 m² 22OLD OLDGLENHAVEN GLENHAVENRD RD 222OLD OLD OLDGLENHAVEN GLENHAVEN GLENHAVENRD RD RD
5 $1,200,000 $1,200,000 $1,200,000 $1,200,000 $1,200,000
Top 10 house sales Address
Sold date
Land size
Price
1
99
GREENBANK DR
1/5/2018
1832m2
$2,650,000
2
4
ABBEY WAY
17/3/2018
1115m2
$2,185,000
3
6
RENEE CL
25/3/2018
1129m2
$1,880,000
4
43
CARINDA DR
14/3/2018
1902m2
$1,785,000
5
9
GREENBANK DR
17/4/2018
1900m2
$1,760,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
70
FINGAL AVE
24/2/2018
1000m2
$1,750,000
7
9
HIGHETT PL
10/4/2018
1064m2
$1,660,000
8
122
GILBERT RD
12/3/2018
1752m2
$1,635,500
9
9
NATALIE CRT
4/6/2018
1921m2
$1,600,000
10
14
MILLS RD
15/3/2018
1256m2
$1,500,000
Properties included may/may not be sold by Ray White
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How to keep warm this winter What can you do to stay warm at home? By Ines Gruber Source: https://www.choice.com.au/home-and-living/heating/home-heating/ articles/how-to-keep-warm-this-australian-winter-170915
If you want to feel warm at home long term and also save money you need a plan that goes beyond beanies and ugg boots. Here are some practical solutions to beat the winter chill: Insulate: It is the best way to keep the heat in winter in and in summer out. Average households with ceiling wall and under floor insulation can save around $450 per year on energy bills. Seal up gaps and cracks: If you add up all the cracks and gaps in an average home, it would be the equivalent of having a 1 metre by 1.5 metre window open all the time. They can account for up to 15-20% of heat loss. Seal windows and use curtains: That will not only help you to keep warm in winter, but cool in summer. Up to 40% of our heating energy can be lost through the windows. Look for possible draught culprits: Not only windows, but doors can be an issue. If you’re just heating one room or living area, close its doors and windows to keep in the heat. A simple door snake or a rolled up towel can also help stop any draughts, especially in older houses where the doors might have larger gaps at floor level.
Cover the floor with rugs: They act as insulation between your feet and the cold, hard floor. Reverse ceiling fans: Most models have a reverse switch. It turns the blades anti-clockwise and pushes the warm air from your heating system from the ceiling (remember, warm air rises) back down. Maintain your heaters: Get them serviced professionally every few years to keep them running more efficiently; gas heaters in particular should be well-maintained to ensure safe operation. Close up any rooms you don’t use and turn off the heating there.
$1,000,000
3 MAY
6
APR
$1,200,000
MAR
9
FEB
$1,400,000
JAN 2018
12
DEC
$1,600,000
NOV
15
OCT
$1,800,000
SEP
18
AUG
$2,000,000
JUL
21
JUN
$2,200,000
NUMBER OF SALES
MEDIAN SALE PRICE
Median house prices
SALE MONTH
Number of sales
Median sale price
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Recent Activity Sales by Price - Last 12 months House
Unit
$700k-$800k
1
1
1%
$900k-$1M
2
2
3%
$1M-$1.25
10
2
11
$1.25M-$1.5M
13
1
14
$1.5M-$1.75M
17
17
$1.75M-$2M
9
9
$2M-$2.5M
10
10
$2.5M-$3M
2
2
>$3M
8
8
Last 12 months 80 sales
14% 18% 21% 11% 13% 3% 10%
$1.5M-$1.75M 17 sales
Your 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
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au