Glenwood 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
the last the 12last months 12 months (Financial (Financial Year 2018) Year 2018) Based Based onBased on 144144 recorded on recorded 144 recorded House House sales House sales within within sales within thethe lastlast 12the months 12 last months 12rolling (Financial months (Financial (Financial Year Year 2018) 2018) Year 2018) Based on Based a rolling on a12 month 12period monthand period mayand differ may differ
months months (Financial (Financial Year 2018) Year 2018) Based Based onBased on recorded 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 on Based a rolling on a12 rolling month 12period monthand period mayand differ may differ Based onBased 325 recorded on 325 recorded House sales House compared sales compared over the last overtwo the last two 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: $985,000 Price: $985,000 $985,000
from calendar from calendar year statistics year statistics
rolling 12rolling month12 periods month periods
Recently Sold Houses
Based Based on aon Based rolling a rolling on 12 a month 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
GLENWOOD - Recently from calendar from calendar year statistics year statistics
Based Based on 325 onBased recorded 325 recorded on House 325 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
12 BOONDEROO 12 BOONDEROO AVE AVE
6 TANN-DARBY 6 TANN-DARBY CRT CRT
12 12 BOONDEROO BOONDEROO 12 BOONDEROO AVE AVE AVE
6 TANN-DARBY 6 TANN-DARBY 6 TANN-DARBY CRT CRT CRT
Based Based on aon Based rolling a rolling on 12 a month 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
21 BLUEGUM 21 BLUEGUM GR GR
Median Sale Price 21 21 BLUEGUM BLUEGUM 21 BLUEGUM GRGR GR
$1m
Based on 148 recorded House sales within the last 12 months (Financial Year 2018) Based on a rolling 12 month period and may differ from calendar year statistics
$1,055,000 12 BOONDEROO AVE 43beds | 2PL bathsPL| 2 cars 631 m² 3 FERNVIEW FERNVIEW 3 FERNVIEW 3 FERNVIEW 3 FERNVIEW PL PL PL
$1,050,000 6 TANN-DARBY CRT beds | 2 baths | 2 cars m² 304 KNIGHTSBRIDGE 30 KNIGHTSBRIDGE AVE490 AVE 30 30 KNIGHTSBRIDGE KNIGHTSBRIDGE 30 KNIGHTSBRIDGE AVE AVE AVE
$1,045,000 3 FERNVIEW PL 4 beds | 2 baths | 1 cars 585 m²
$1,085,000 30 KNIGHTSBRIDGE AVE 4 beds | 2 baths | 2 cars 600 m²
38 HUNGERFORD 38 HUNGERFORD DR DR Source: pricefinder.com.au | Properties included may/may not be sold by Ray White 38 38 HUNGERFORD HUNGERFORD 38 HUNGERFORD DRDR DR
$1,150,000 $1,150,000
Bas
$965,000 21 BLUEGUM GR 154ORCHARD PL beds |63 2 baths 63 CASINO CASINO ST| 2 cars ST 608 m²
41B
63 63 CASINO CASINO 63 CASINO ST ST ST
$835,000 15 ORCHARD PL 4 beds | 2 baths | 2 cars 461 m² 11 CONSOLO AVE
11 E $1,270,000
the last 12 months (Oct '17 - Sep '18) Current Median $1,000,000 Based on 109 recorded House sales within Based on 109 recorded House Price: sales within Previous Median Price: $1,011,000 the last 12 months (Oct '17 Sep '18) the last 12 months (Oct '17 Sep '18) Based on a rolling 12 month period and may differ Based on 285 recorded House sales compared over the last two
GLENWOOD - Recently Sold Properties GLENWOOD - Recently Sold Properties from calendar year statistics
rolling 12 month periods
Based on a rolling 12 month period and may differ QUICK FACTS from calendar year statistics
Median Sale Price Suburb Growth 28 HUNGERFORD DR
Based on a rolling 12 month period and may differ from calendar year statistics
Based on Based a rolling 12 month differover the last two Based on 285 recorded Based House on a rolling 12 month period on 285 recordedperiod House and salesmay compared sales compared over the lastand two may differ rolling 12 month periods rolling 12 from monthcalendar periods year statistics from calendar year statistics
# Sold Properties 6 ALPINE WAY
$1m -1.1% Median Sale Price 109 Suburb Growth 28 HUNGERFORD DR 28 HUNGERFORD 6 ALPINERD WAY DRGrowth 16 JOHN WARREN AVE Price 54Suburb MALVERN Median Sale
$1m $1m
months (Oct '17 - Sep '18) Current Median Price: $1,000,000 Based on recorded House sales within the 12 Bas Previous Median Price: $1,011,000 months (Oct '17 - Sep '18)
+1.5% +1.5%
# Sold Properties # Sold Properties
6 ALPINE WAY 2 PEPPERCORN PL
148 148
Based on 148 recorded House sales within the148 lastrecorded 12 months (Financial Year 2018) Based on House sales within the last 12 months (Financial Year 2018)
Current Median Price: $1,000,000 Current Median Median Price: $1,000,000 Previous Price: $985,000 Previous Median Price: $985,000
Based on recorded House sales within the 12 months (Financial Year 2018) Based on recorded House sales within the 12 months (Financial Year 2018)
Based on a rolling 12 month period and may differ calendar year statistics Based on a rolling from 12 month period and may differ from calendar year statistics
Based on 329 recorded House sales compared over the last two rolling 12 month periods Based on 329 recorded House sales compared over the last two rolling 12 month periods
Based on a rolling 12 month period and may differ calendar year statistics Based on a rolling from 12 month period and may differ from calendar year statistics
$1,080,000
28 HUNGERFORD DR 15 5 ORCHARD PL | 2 cars 552 m² beds | 2 baths 10 NIXON ST 15 ORCHARD PL 10 NIXON ST AVE 36 JOHN WARREN
$850,000
54 MALVERN RD CRESTVIEW 441B beds | 2 baths | 2DR cars 370 m² 41B CRESTVIEW DR 10 NIXON ST 9 VANESSA CRT
$927,500
$1,270,000
6 ALPINE WAY 7 CASINO ST| 2 cars 599 m² 4 beds | 2 baths 7 CASINO ST 19 STAFF AVE
$976,000
10 NIXON ST 41B CRESTVIEW DR 4 beds | 2 baths | 2 cars 527 m² 4 beds | 2 baths | 2 cars 618 m² 11 CONSOLO AVE 11 EDWIN PL Source: pricefinder.com.au | Properties included may/may not be sold by Ray White 11 CONSOLO AVE 11 EDWIN PL 5 EAGLE WAY
$1,165,000
$1,175,000 7 CASINO ST 4 beds | 2 baths | 2 cars 556 m² 5
$1,300,000
B
Top 10 House Sales Address
Sold date
Land size
Price
1
15
TARWIN AVE
4/7/2018
601m2
$1,450,000
2
11
EDWIN PL
9/8/2018
550m2
$1,300,000
3
11
CONSOLO AVE
11/8/2018
589m2
$1,270,000
4
36
JOHN WARREN AVE
16/6/2018
662m2
$1,250,000
5
7
CASINO ST
14/8/2018
556m2
$1,175,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
16
JOHN WARREN AVE
21/6/2018
546m2
$1,175,000
7
6
ALPINE WAY
14/9/2018
599m2
$1,165,000
8
38
HUNGERFORD DR
22/6/2018
653m2
$1,150,000
9
9
LORD WAY
6/6/2018
546m2
$1,150,000
10
16
KINGSMERE DR
3/6/2018
555m2
$1,095,000
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.
Medium 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 SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
0
NUMBER OF SALES
8
OCT
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%
139 Sales
$700K-$800K
8
$800K-$900K
15
15
$900K-$1M
41
41
$1M-$1.25M
50
50
$1.25M-$1.5M
11
11
$1.5M-$1.75M
2
2
2
10
7% 11% 30% 36% 8% 1%
$1M-$1.25 50 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
Siobhan Robinson 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
Michael Karanicolas 0411 062 888
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
Brendan Jackson 0404 088 783
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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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