Glenwood 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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Current Median CurrentPrice: Median $1,000,000 Price: $1,000,000 Previous Previous Median Price: Median $1,011,000 Price: $1,011,000
Based onBased 129 recorded on 129 recorded House sales House within sales within the last 12the months last 12(Oct months '17 - (Oct Sep '18) '17 - Sep '18)
Based onBased recorded on recorded House sales House within sales thewithin 12 the 12 months (Oct months '17 - (Oct Sep '18) '17 - Sep '18)
GLENWOOD GLENWOOD GLENWOOD - Recently - Recently - Recently Sold Sold Sold Properties Properties Properties
Recently Sold Houses
Based on a Based rolling 12 on month a rolling period 12 month and may period differ and may differ from calendar from year calendar statistics year statistics
Based on 305 Based recorded on House 305 recorded sales compared House sales overcompared the last two over the last two rolling 12 month rolling periods 12 month periods
Median Median Median Sale Sale Sale Price Price Price7 STALLION Suburb Growth Growth Growth 20 Suburb ALWYN CRES GLEN 7Suburb STALLION GLEN
19 GREENHILL 19 GREENHILL DR DR
Based on a Based rolling 12 on month a rolling period 12 month and may period differ and may differ from calendar from year calendar statistics year statistics
# #Sold Sold # Sold Properties Properties Properties
MAHOGANY 25 17 ANGARA 25 ANGARA CCT CLCCT
$1m $1m $1m
-1.1% -1.1% -1.1%
137 137 137
Based Based onBased 137 on 137 recorded on recorded 137 recorded House House sales House sales within within sales within the the lastlast 12the months 12last months 12(Oct months (Oct '17 '17 - (Oct Sep - Sep '18) '17 '18) - Sep '18)
Current Current Median Current Median Price: Median Price: $1,000,000 Price: $1,000,000 $1,000,000 Previous Previous Previous Median Median Price: Median Price: $1,011,000 Price: $1,011,000 $1,011,000
Based Based onBased recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months months (Oct months (Oct '17 '17 - (Oct Sep - Sep '18) '17 '18) - Sep '18)
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
Based Based on 313 onBased recorded 313 recorded on House 313 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling rolling 12 month 12rolling month periods 12 periods month periods
$850,000
19 GREENHILL DR 42beds | 2ST baths 2 LORIKEET 2 LORIKEET LORIKEET ST ST| 2 cars 369 m²
$910,000
20 ALWYN CRES 4 KNIGHTSBRIDGE beds | 2 baths | 2 cars m² 80 80 KNIGHTSBRIDGE 80 KNIGHTSBRIDGE AVE AVE500 AVE
1 WALTHAM WAY 1 GOOSEBERRY 1 GOOSEBERRY PL PL
2 HIGHCLAIRE PL
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
$1,170,000
25 ANGARA CCT 4 10 beds |10 2 baths | 2 CRES cars 751 m² 10 TEAWA TEAWA TEAWA CRES CRES 4 ETRUSCAN CRT
$955,000 $955,000
$931,750 Oct
$753,000
Oct
2018 2 LORIKEET 2018 ST 18 Days 18 Days m² 4 m² 568 2 4m² 2 2 4 beds | 2 659 baths | 2659 cars
2
80 KNIGHTSBRIDGE AVE 3 beds | 2 baths | 1 car 579 m²
20 20 ALWYN ALWYN CRES CRES Source: pricefinder.com.au | Properties included may/may notALWYN be20 sold byCRES Ray White 53 ANGARA 53 ANGARA CCT CCT
$940,000 10 TEAWA CRES 4 beds | 2 baths | 2 cars 450 m² 17 17 MAHOGANY MAHOGANY 17 MAHOGANY CLCL CL 27 SOUTHWAITE 27 SOUTHWAITE CRES CRES
Current Current Median Current Median Price: Median Price: $987,500 Price: $987,500 $987,500 Previous Previous Previous Median Median Price: Median Price: $1,020,000 Price: $1,020,000 $1,020,000
Based Based onBased 104 on 104 recorded on recorded 104 recorded House House sales House sales within within sales within the the lastlast 12the months 12last months 12(2018) months (2018)(2018)
QUICK FACTS
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
Median Sale Price
$988K
Suburb Growth
-3.2%
17 17 PACKSADDLE PACKSADDLE 17 PACKSADDLE ST ST ST
Based Based on 293 onBased recorded 293 recorded on House 293 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling rolling 12 month 12rolling month periods 12 periods month periods
# Sold Properties
104 20 20 ALWYN 20 ALWYN ALWYN CRES CRES CRES
$863,000
$1,085,000 27 LORIKEET ST 5 beds | 3 baths | 2 cars 539 m² 2 HIGHCLAIRE 2 HIGHCLAIRE 2 HIGHCLAIRE PL PL PL 46 46 CASINO CASINO 46 CASINO ST ST ST
$995,000 $995,000 $995,000
Dec
2018 2018 2018 1 WALTHAM WAY 54 Days 54 Days 54 Days 656 m² 656 m² 656 4m² 4 568 2 4m² 2 2 22 4 beds | 2 baths | 2 cars
$1,100,000 3 KINGSVIEW WAY 5 beds | 3 baths | 2 cars 697 m² 4 ETRUSCAN 4 ETRUSCAN 4 ETRUSCAN CRT CRT CRT 18 18 PLUM PLUM 18 GDNS PLUM GDNSGDNS
$970,000 $970,000 $970,000
$1,022,000 Dec Dec
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 MAHOGANY 17 MAHOGANY MAHOGANY CLCLCL 3 KINGSVIEW 3 KINGSVIEW 3 KINGSVIEW WAY WAY WAY
27 27 LORIKEET LORIKEET 27 LORIKEET ST ST ST
17 PACKSADDLE ST 3 beds | 2 baths | 2 cars 612 m² 1 WALTHAM 1 WALTHAM 1 WALTHAM WAY WAY WAY 1 DRAPER 1 DRAPER 1 DRAPER ST ST ST
Based Based onBased recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months months (2018) months (2018)(2018)
$750,000 $750,000 $750,000
$1,410,000 Dec Dec
Dec
2018 2018 22018 HIGHCLAIRE PL
67 Days 67 Days 551 m² 551 m² 5 2 67 Days 5577 2 52 4 beds | 3 baths |551 2 m² cars m²
$914,000 Dec Dec
3 23
Dec
2018 2018CRT 42018 ETRUSCAN 74 Days 74 Days 74 Days m² 509 m² 509 4m² m² 4 1 41 43 beds | 2 baths |509 2 cars 378
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Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
27 27 NYDEGGAR NYDEGGAR 27 NYDEGGAR AVE AVE AVE
7 HIGHCLAIRE 7 HIGHCLAIRE 7 HIGHCLAIRE PL PL PL
1 11
226226 GLENWOOD GLENWOOD 226 GLENWOOD PARK PARK DR PARK DR DR
1
Top 20 House Sales Address
Sold date
Land size
Price
1
2
HIGHCLAIRE PL
23/10/2018
577m2
$1,410,000
2
3
KINGSVIEW WAY
14/12/2018
697m2
$1,100,000
3
27
LORIKEET ST
18/12/2018
539m2
$1,085,000
4
16
RUFUS AVE
18/10/2018
550m2
$1,085,000
5
17
MAHOGANY CL
17/10/2018
581m2
$1,025,000
6
1
WALTHAM WAY
30/10/2018
568m2
$1,022,000
7
1
DRAPER ST
6/12/2018
656m2
$995,000
8
18
HARCOURT GR
28/11/2018
593m2
$975,000
9
46
CASINO ST
5/12/2018
551m2
$970,000
10
10
TEAWA CRES
26/10/2018
450m2
$940,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
11
2
LORIKEET ST
21/11/2018
568m2
$931,750
12
226
GLENWOOD PARK DR
30/11/2018
519m2
$925,000
13
7
HIGHCLAIRE PL
30/11/2018
385m2
$919,000
14
4
ETRUSCAN CRT
12/10/2018
378m2
$914,000
15
20
ALWYN CRES
2/11/2018
500m2
$910,000
16
21
EMMANUEL TCE
7/11/2018
561m2
$868,888
17
3
CAVALRY GR
6/12/2018
378m2
$865,000
18
17
PACKSADDLE ST
21/12/2018
612m2
$863,000
19
6
CHERRYWOOD ST
3/11/2018
293m2
$855,000
20
19
GREENHILL DR
20/10/2018
369m2
$850,000
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.
Median House Prices $1,100,000
24 22
$1,000,000
20 18
$900,000
16 14
$800,000
12
6 $600,000
4 2
$500,000 DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
0
NUMBER OF SALES
8
JAN 2018
MEDIAN SALE PRICE
10 $700,000
MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Past 12 months House
Unit
0-$200K
2
2
$500K-$600K
1
1
1%
$600K-$700K
1
1
1%
$700K-$800K
10
$800K-$900K
15
15
$900K-$1M
36
36
$1M-$1.25M
44
44
$1.25M-$1.5M
6
6
$1.5M-$1.75M
4
4
2
12
2%
Past 12 Months 121 Sales 10% 12% 30% 36% 5%
3%
$1M-$1.25 44 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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