Glenhaven Market Report | Spring 2018
We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.
Welcome Over the past few months 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, 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. Should we be able to assist you with your property needs and / or you simply wish to have chat about the market conditions in your specific area, 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
3
Based Based onBased 64 on recorded 64 recorded on 64 recorded House House sales House sales within within sales thewithin the the last last 12 months 12 last months (Financial months (Financial (Financial Year Year 2018) 2018) Year Based Based on Based 64 on recorded 64 recorded on1264 recorded House House sales House sales within within sales the2018) within 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 Previous Median Median Price: Median Price: $1,623,000 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 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 year calendar year statistics statistics year statistics Based Based on afrom on Based rolling afrom rolling 12 on month afrom 12 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 onBased recorded 154 recorded on House 154 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling rolling 12recorded month 12rolling month periods 12 periods month periods Based Based on 154 onBased recorded 154 recorded on House 154 House sales sales compared House compared sales over compared over the last thetwo last overtwo the last two
Recently Sold Houses
17 17 LINKSLEY LINKSLEY 17 LINKSLEY AVE AVE AVE 17 17 LINKSLEY LINKSLEY 17 LINKSLEY AVE AVE AVE
13 13 CAMILLE CAMILLE 13 CAMILLE PL PL PL 13 13 CAMILLE CAMILLE 13 CAMILLE PL PL PL
$1,775,000 17 LINKSLEY AVE 5 beds | 2 baths | 2 cars 1,972 m² 14 14 OLD OLD GLENHAVEN 14 GLENHAVEN OLD GLENHAVEN RDRD RD 14 14 OLD OLD GLENHAVEN 14 GLENHAVEN OLD GLENHAVEN RDRD RD
13 CAMILLE PL 4 beds | 2 baths | 2 cars 996 m² 34 34 GILBERT GILBERT 34 GILBERT RDRD RD 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 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 year calendar year statistics statistics year statistics Based Based on afrom on Based rolling afrom rolling 12 on month afrom 12 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 24 BEACON AVE AVE AVE 24 24 BEACON BEACON 24 BEACON AVE AVE AVE
$1,228,000
$1,185,000 14 OLD GLENHAVEN RD 4 beds | 2 baths | 1 car 667 m²
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 Based recorded on recorded on recorded House House sales House sales within within sales the within the 12 12the 12 months months (Financial months (Financial (Financial Year Year 2018) 2018) Year 2018)
$1,560,000 24 BEACON AVE 4 beds | 2 baths | 2 cars 926 m² 32 32 GREENBANK GREENBANK 32 GREENBANK DRDR DR 32 32 GREENBANK GREENBANK 32 GREENBANK DRDR DR
$1,360,000 32 GREENBANK DR 4 beds | 2 baths | 2 cars 900 m²
QUICK FACTS
Median Sale Price Suburb Growth 46 GLENHAVEN RD $1.64m 46 GLENHAVEN 46 GLENHAVEN RD RD +1.0% 46 GLENHAVEN 46 GLENHAVEN 46 GLENHAVEN RD RDRD
$1,441,000 46 GLENHAVEN RD GREENBANK 599 beds | 3 baths | 2DR cars 780 m² 99 GREENBANK 99 GREENBANK DR DR 99 GREENBANK 99 GREENBANK 99 GREENBANK DR DRDR
$2,650,000
# Sold Properties 47 CARINDA DR 69 47 CARINDA 47 CARINDA DR DR 47 CARINDA 47 CARINDA 47 CARINDA DR DRDR
60 GREENBANK DR 60 GREENBANK 60 GREENBANK DR DR 60 GREENBANK 60 GREENBANK 60 GREENBANK DR DRDR
$1,175,000 47 CARINDA DR 7 SANDHURST CRES 4 beds | 2 baths | 2 cars 1,052 m² 7 SANDHURST 7 SANDHURST CRESCRES 7 SANDHURST 7 SANDHURST 7 SANDHURST CRESCRES CRES
$1,500,000
99 GREENBANK DR 7 SANDHURST CRES 4 beds | 3 baths | 3 cars 915 m² 4 beds | 3 baths | 4 cars 1,124 m² 9 HIGHETT PL 6 RENEE CL Source: pricefinder.com.au | Properties included may/may not be sold by Ray White 9 HIGHETT 9 HIGHETT PL PL 6 RENEE 6 RENEE CL CL 9 HIGHETT 9 HIGHETT 9 HIGHETT PL PL PL 6 RENEE 6 RENEE 6 CL RENEE CL CL $1,660,000
$1,125,000 60 GREENBANK DR 4 beds |92GREENBANK baths | 2 cars DR 901 m² 9 GREENBANK 9 GREENBANK DR DR 9 GREENBANK 9 GREENBANK 9 GREENBANK DR DRDR
$1,760,000 9 GREENBANK DR 5 beds | 2 baths | 2 cars 900 m² 4 ABBEY WAY 4 ABBEY 4 ABBEY WAY WAY 4 ABBEY 4 ABBEY 4 WAY ABBEY WAY WAY $1,880,000
5
$2,185,000
Top 10 House Sales Address
Sold date
Land size
Price
1
99
GREENBANK DR
1/5/2018
915m2
$2,650,000
2
9
ARALUEN PL
29/6/2018
2,203m2
$2,330,000
3
17
LINKSLEY AVE
30/7/2018
1,972m2
$1,775,000
4
24
WOODBURN PL
24/8/2018
924m2
$1,750,000
5
6
WILLIAMTOWN CRT
8/6/2018
718m2
$1,730,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
23
SYLVAN GR
22/8/2018
815m2
$1,640,000
7
24
BEACON AVE
21/7/2018
926m2
$1,560,000
8
46
GLENHAVEN RD
21/5/2018
780m2
$1,441,000
9
6
CRACKENBACK CRT
10/6/2018
1,005m2
$1,410,000
10
32
GREENBANK DR
18/6/2018
900m2
$1,360,000
Properties included may/may not be sold by Ray White
7
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
3
NUMBER OF SALES
6
AUG
$1,200,000
JUL
9
JUN
$1,400,000
MAY
12
APR
$1,600,000
MAR
15
FEB
$1,800,000
JAN 2018
18
DEC
$2,000,000
NOV
21
OCT
$2,200,000
SEP
MEDIAN SALE PRICE
Medium 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%
1
2
3%
$900K-$1M
1
$1M-$1.25M
10
10
$1.25M-$1.5M
15
15
$1.5M-$1.75M
16
16
$1.75M-$2M
10
10
$2M-$2.5M
7
7
$2.5M-$3M
2
2
>$3M
7
7
Past 12 Months 76 Sales 13% 20% 21% 13% 9%
3% 9%
$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
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
David Xiao 0433 009 018
Kimberley Hatchett 9680 2255
11
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
Ray White Castle Hill is the proud sponsor of