Glenwood 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 Based on on 158 158 recorded recorded 158 recorded House House sales within within sales within the Based last 12 on months (Apr '17 House -sales Mar '18) the the last last 12last months months 12month months (Apr (Apr '17 '17 (Apr -- Mar Mar '17 '18) '18) -differ Mar '18) Based on the a 12 rolling 12 period and may
Previous Median Price: $950,000 Previous Previous Previous Median Median Median Price: Price: $950,000 Price: $950,000 $950,000
Based on 337 recorded House sales compared over the last two rolling 12 month periods Based on 337 recorded House sales compared over the last two Based on 337 recorded Houserolling sales 12 compared over the last two month periods 12 month periods Based Basedon onBased 337 337recorded recorded on rolling 337 House recorded House sales sales House compared compared sales compared over overthe thelast last over two two the last two rolling rolling12 12month rolling month12 periods periods month periods
Based a rollingyear 12 month period and may differ fromon calendar statistics Based on a rolling 12 month period andstatistics may differ from calendar year Based Based on on Based aafrom rolling rolling on a12 12 rolling month month 12period period month and and period may mayand differ differ may differ calendar year statistics from from calendar calendar from calendar year year statistics statistics year statistics
Recently sold properties
3 AMBERLEA ST 3 AMBERLEA ST 3 AMBERLEA ST 33 AMBERLEA AMBERLEA 3 AMBERLEA ST ST ST
98B MEURANTS LANE 98B MEURANTS LANE 98B MEURANTS LANE 98B 98B MEURANTS MEURANTS 98B MEURANTS LANE LANELANE
$1,080,000 3 AMBERLEA ST 19 RUFUS AVE RUFUS AVE 419 bed |AVE 2 bath | 2 garages 527 m² 19 RUFUS 19 19 RUFUS RUFUS 19 RUFUS AVE AVE AVE
Based a rollingyear 12 month period and may differ fromon calendar statistics Based on a rolling 12 month period andstatistics may differ from calendar year Based Based on on Based aafrom rolling rolling on a12 12 rolling month month 12period period month and and period may mayand differ differ may differ calendar year statistics from from calendar calendar from calendar year year statistics statistics year statistics
8 ARROWSMITH ST 8 ARROWSMITH ST 8 ARROWSMITH ST 88 ARROWSMITH ARROWSMITH 8 ARROWSMITH ST ST ST
$880,000 98B MEURANTS LANE 9 SEVILLE PL 9 SEVILLE PL 4 bed | 3 bath 9 SEVILLE PL | 2 garages 302 m² 99 SEVILLE SEVILLE 9 SEVILLE PL PL PL
$1,115,000 19 RUFUS AVE 4 bed | 2 bath 7 BRUSHBOX CL | 2 garages 544 m²
Based BasedBased on onmonths recorded recorded on recorded House House sales within within sales within the the 12 12 the 12 (Apr '17 House -sales Mar '18) months months months (Apr (Apr '17 '17 (Apr -- Mar Mar '17and '18) '18) - Mar Based on a rolling 12 month period may'18) differ
$785,000 815 ARROWSMITH BAGALA ST ST BAGALA ST 315 bed |15 2 bath | 1 garages 360 m² BAGALA ST 15 15 BAGALA BAGALA 15 BAGALA ST ST ST
$991,500 9 SEVILLE PL bed | 2 DR bath | 2 garages 550 m² 534GALEA
7 BRUSHBOX CL 53 GALEA DR 7 BRUSHBOX CL DR Source: pricefinder.com.au | Properties included may or 53 mayGALEA not be sold by Ray White $1,140,000 77 BRUSHBOX BRUSHBOX 7 BRUSHBOX CL CL CL 53 53 GALEA GALEA 53 GALEA DR DR DR $1,140,000 $1,140,000
$1,000,000 15 BAGALA ST 4 bed | 2 bath | 2 garages 550 m²
$920,000 $920,000 $920,000
Median Sale Price
$1.02m
Suburb Growth
+7.1%
# Sold Properties
158
17 PETER 17 PETER 17 WILSON PETER WILSON WILSON ST ST ST
2 MALEY 2 MALEY 2 GR MALEY GRGR
27 IPSWICH 27 IPSWICH 27 IPSWICH AVE AVE AVE
17 PETER 17 PETER 17 WILSON PETER WILSON WILSON ST ST ST
2 MALEY 2 MALEY 2 GR MALEY GRGR
27 IPSWICH 27 IPSWICH 27 IPSWICH AVE AVE AVE
$1,165,000 17 PETER WILSON ST 4 bed | 2 bath | 2 garages 505 m²
$938,000 2 MALEY GR 4 bed | 2 bath | 2 garages 553 m²
$1,032,000 27 IPSWICH AVE 5 bed | 2 bath | 2 garages 450 m²
86 MEURANTS 86 MEURANTS 86 MEURANTS LANELANE LANE
3 JAKOB 3 JAKOB 3 WAY JAKOB WAY WAY
25 NYDEGGAR 25 NYDEGGAR 25 NYDEGGAR AVE AVE AVE
86 MEURANTS 86 MEURANTS 86 MEURANTS LANELANE LANE
3 JAKOB 3 JAKOB 3 WAY JAKOB WAY WAY
25 NYDEGGAR 25 NYDEGGAR 25 NYDEGGAR AVE AVE AVE
$1,070,000 86 MEURANTS LANE 4 bed | 2 bath | 2 garages 502 m²
$930,000 3 JAKOB WAY 4 bed | 2 bath | 2 garages 354 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$880,000 25 NYDEGGAR AVE 4 bed | 2 bath | 2 garages 462 m² 15 WATKISS 15 WATKISS 15 WATKISS ST ST ST 15 WATKISS 15 WATKISS 15 WATKISS ST ST ST
5 $1,080,000 $1,080,000 $1,080,000
Top 10 house sales Address
Sold date
Land size
Price
1
4
FAIRMOUNT CCT
7/2/2018
575m2
$1,170,000
2
17
PETER WILSON ST
29/3/2018
505m2
$1,165,000
3
28
GALEA DR
3/3/2018
564m2
$1,160,000
4
16
GALEA DR
21/2/2018
549m2
$1,150,000
5
7
BRUSHBOX CL
9/4/2018
451m2
$1,140,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
19
CRESTVIEW DR
19/2/2018
612m2
$1,120,000
7
19
RUFUS AVE
24/4/2018
544m2
$1,115,000
8
341
GLENWOOD PARK DR
6/2/2018
550m2
$1,100,000
9
3
AMBERLEA ST
30/4/2018
527m2
$1,080,000
10
15
WATKISS ST
5/3/2018
552m2
$1,080,000
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.
Median house prices $1,100,000
24 22
$1,000,000
20 18
$900,000
16 14
$800,000
12
8 6
$600,000
4 2
$500,000 APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
0
NUMBER OF SALES
MEDIAN SALE PRICE
10 $700,000
SALE MONTH
Number of sales
Median sale price
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Recent Activity Sales by Price - Last 12 months House
Unit
$300k-$400k
1
1
1%
Last 12 months
$400k-$500k
1
1
1%
165 sales
$500k-$600k
1
1
1%
$700k-$800k
6
$800k-$900k
20
20
$900k-$1M
49
49
$1M-$1.25M
66
66
$1.25M-$1.5M
13
13
$1.5M-$1.75M
4
4
2
8
5% 12%
$1M-$1.25M
30% 40% 8% 2%
66 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
Kieron Stedman 0433 124 734
Matthew Langdon 0431 037 478
Hilda Bandiera 9680 2255
Paul Conti 0414 981 005
Robbie Awad 0428 888 648
Joseph Meyer 0417 675 741
Phil Haq 0452 054 290
Joel Simpson 0450 907 598
Hannah Dowling 9680 2255
Peter Iann 0488 002 222
Brendan Wein 0431 618 086
Tony Yee 02 9680 2255
Warren Tam 0412 067 934
Yong Park 0402 486 424
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au