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 Throughout 2018 Australia’s love affair with real estate was certainly tested and it’s safe to say, no one was 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 were questioning their financial positions, crunching the numbers and for the first time in a long time, made significant monetary decisions. It’s still 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 dramatically altered the mortgage lending standards, meaning most applicants could 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 beginning of a large percentage of ‘interest only’ loans expiring, all provides 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, where demand for housing in the district continued. Yes, days on market in most cases was longer compared to the previous 12 months, and yes, numbers may have been down at auctions, however, the results we achieved, and continue to achieve, 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. Should we be able to assist you with your property needs throughout 2019 and beyond / 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 and wish you all the best for a prosperous 2019!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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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 129 on 129 recorded on recorded 129 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)
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)
GLENWOOD GLENWOOD GLENWOOD - Recently - Recently - Recently Sold Sold Sold Properties Properties Properties
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
Based Based on 305 onBased recorded 305 recorded on House 305 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
Median Median Median Sale Sale Sale Price Price Price7 STALLION Suburb Suburb Growth Growth Growth 7 STALLION 7Suburb STALLION GLEN GLENGLEN
19 19 GREENHILL GREENHILL 19 GREENHILL DRDR DR
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
# #Sold Sold # Sold Properties Properties Properties
25 25 ANGARA ANGARA 25 ANGARA CCT CCT CCT
$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
$735,000
7 STALLION GLEN 4 KNIGHTSBRIDGE beds | 2 baths AVE 521 m2 AVE 80 80 KNIGHTSBRIDGE 80 KNIGHTSBRIDGE AVE
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
1 GOOSEBERRY 1 GOOSEBERRY 1 GOOSEBERRY PL PL PL $955,000 $955,000 $955,000
$931,750 Oct
Oct
$753,000
Oct
2018 2018 2018 2 LORIKEET ST 18 Days 18 Days 18 Days m² 659 m² 659 4 m² 4 568 2 4m² 2 2 22 4 beds | 2 659 baths | 2 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 53 ANGARA ANGARA 53 ANGARA CCT CCT CCT
$940,000 10 TEAWA CRES 4 beds | 2 baths | 2 cars 450 m² 17 17 MAHOGANY MAHOGANY 17 MAHOGANY CLCL CL 27 27 SOUTHWAITE SOUTHWAITE 27 SOUTHWAITE CRES CRESCRES
Based on 109 recorded House sales within the last 12 months (Oct '17 - Sep '18) Based on a rolling 12 month period and may differ QUICK FACTS from calendar year statistics
Median Sale Price
$1m
Suburb Growth
-1.1%
Current Median Price: $1,000,000 Previous Median Price: $1,011,000
Based on recorded House sales within the 12 months (Oct '17 - Sep '18)
Based on 285 recorded House sales compared over the last two rolling 12 month periods
Based on a rolling 12 month period and may differ from calendar year statistics
# Sold Properties
137 20 20 ALWYN 20 ALWYN ALWYN CRES CRES CRES
17 17 MAHOGANY 17 MAHOGANY MAHOGANY CLCLCL 17 17 MAHOGANY MAHOGANY CLCL
20 20 ALWYN ALWYN CRES CRES 6 ALPINE WAY
28 HUNGERFORD DR
$1,080,000 28 HUNGERFORD DR 5 beds | 2 baths | 2 cars 552 m² 1 WALTHAM 1 WALTHAM 1 WALTHAM WAY WAY WAY 1 WALTHAM 1 WALTHAM WAY WAY 10 NIXON ST
$910,000 20 ALWYN CRES 4 beds | 2 baths | 2 cars 500 m² 2 HIGHCLAIRE 2 HIGHCLAIRE 2 HIGHCLAIRE PL PL PL 2 HIGHCLAIRE 2 HIGHCLAIRE PL PL
$1,022,000 1 WALTHAM WAY 4 beds | 2 baths | 2 cars 568 m²
$1,410,000 2 HIGHCLAIRE PL 4 beds | 3 baths | 2 cars 577 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$1,025,000 17 MAHOGANY CL 4 beds | 2 baths | 2 cars 581 m² 4 ETRUSCAN 4 ETRUSCAN 4 ETRUSCAN CRT CRT CRT 4 ETRUSCAN 4 ETRUSCAN CRT CRT
$914,000 4 ETRUSCAN CRT 4 beds | 2 baths | 2 cars 378 m² 5
Top 10 House Sales Address
Sold date
Land size
Price
1
2
HIGHCLAIRE PL
30/10/18
577m2
$1,410,000
2
11
EDWIN PL
2/8/18
550m2
$1,300,000
3
11
CONSOLO AVE
11/8/18
589m2
$1,270,000
4
25
ANGARA CCT
9/10/18
751m2
$1,170,000
5
6
ALPINE WAY
1/9/18
599m2
$1,165,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
19
CHIANTI CRT
6/9/18
475m2
$1,130,000
7
25
BLUEGUM GR
3/9/18
540m2
$1,110,000
8
28
HUNGERFORD DR
28/9/18
552m2
$1,080,000
9
17
MAHOGANY CL
1/11/18
581m2
$1,025,000
10
1
WALTHAM WAY
30/10/18
568m2
$1,022,000
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 NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
0
NUMBER OF SALES
8
DEC
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
1%
Past 12 Months
$500K-$600K
1
1
1%
141 Sales
$600K-$700K
1
1
1%
$700K-$800K
10
$800K-$900K
15
15
$900K-$1M
44
44
$1M-$1.25M
52
52
$1.25M-$1.5M
9
9
$1.5M-$1.75M
2
2
3
9%
13
11% 31% 37% 6% 1%
$1M-$1.25 52 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
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
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
Jayden Potten 0402 604 828
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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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