Kellyville 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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the last the12last months 12 months (Oct '17 (Oct - Sep '17 -'18) Sep '18) Based 36612recorded House sales within Based on aon rolling month period and may differ the last 12 months (Oct '17 period - Sep '18) from calendar year statistics Based Based on a rolling on a 12 rolling month 12 period month and may and differ may differ
Previous Previous Median Median Price:Price: $1,200,000 $1,200,000 Current Median Price: $1,171,000 Based on 926 recorded House sales compared over the last two Previous Price: $1,200,000 rollingMedian 12 month periods
Based on Based 926 recorded on 926 recorded House sales House compared sales compared over the over last two the last two rolling 12rolling month12periods month periods
from calendar from calendar year statistics year statistics
Recently Sold Houses
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 926 recorded House sales compared over the last two rolling 12 month periods
2 ROSEVILLE CL 2 ROSEVILLE 2 ROSEVILLE CL CL
2 BLACKHAM RD 2 BLACKHAM 2 BLACKHAM RD RD
82ERINLEIGH CRT 14 STRACHAN CRT ROSEVILLE CL
11 46 FOX CRT CREEK CCT 2 CARMELO BLACKHAM RD
$1,400,000 14 STRACHAN CRT 24 FRASER AVE 5 beds | 3 baths | 3 cars 778 m² 24 FRASER 24 FRASER AVE AVE
from calendar from calendar year statistics year statistics
Based on a rolling 12 month period and may differ from calendar year statistics
3 BRIANA CRT 19 DEEPDALE ST
$1,340,000 2 BLACKHAM RD 44 SEYMOUR WAY | 2 cars 2,133 m² 7 beds | 4 baths 44 SEYMOUR 44 SEYMOUR WAYWAY
14 CRT 7 GOLDEN GROVE AVE 24STRACHAN FRASER AVE
months months (Oct '17 (Oct - Sep '17 -'18) Sep '18)
Based recorded House within Based onon a rolling 12 month periodsales and may differthe 12 months (Oct '17 - Sepperiod '18)may from calendar year statistics Based Based on a rolling on a 12 rolling month 12 period month and and differ may differ
46 CREEK WAY CCT 44FOX SEYMOUR
$1,228,000 3 BRIANA CRT 47 JAMES 4 beds | 3 MILEHAM bath | 2 carDR 512 m² 47 JAMES 47 JAMES MILEHAM MILEHAM DR DR 19 ST 1 JORJA PL 47DEEPDALE JAMES MILEHAM DR
$1,176,000
$1,110,000
$865,000 Oct 24 FRASER AVE 2018| 2 baths | 2 cars 432 m² 4 beds 58 Days 600 m²
4
2
$942,000 2
44 SEYMOUR WAY 5 beds | 3 baths | 2 cars 451 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$1,430,000 Oct 47 JAMES MILEHAM DR 5 beds | 32018 baths | 2 cars 803 m² 119 Days 718 m²
5
2
2
QUICK FACTS
Median Sale Price Suburb Growth 6 WELLGATE AVE 6 WELLGATE AVE 6 WELLGATE AVE
$1.17m
-2.6%
6 WELLGATE 6 WELLGATE AVE 6 WELLGATE AVE AVE
# Sold Properties 9 COMMONWEALTH ST 9 COMMONWEALTH ST 3879 COMMONWEALTH ST
68 OXLADE ST 68 OXLADE ST 68 OXLADE ST
9 COMMONWEALTH 9 COMMONWEALTH ST ST ST 9 COMMONWEALTH
68 OXLADE 68 OXLADE ST ST ST 68 OXLADE
$1,555,000 6 WELLGATE AVE 3/8 HILLVIEW 6 beds RD | 3 baths | 4 cars 937 m² 3/8 HILLVIEW RD 3/8 HILLVIEW RD 3/8 3/8 HILLVIEW 3/8 HILLVIEW RDRD RD HILLVIEW
$910,000 9 COMMONWEALTH ST 5 DEEPDALE 4 beds | 2 ST baths | 2 cars 360 m² 5 DEEPDALE ST 5 DEEPDALE ST 5 DEEPDALE 5 DEEPDALE ST ST ST 5 DEEPDALE
$742,500 3/8 HILLVIEW RD 3 beds | 2 baths | 1 car 242 m²
68 OXLADE ST 4 beds | 3 baths 22 TRINITY AVE | 2 cars 500 m² 22 TRINITY AVE 22 TRINITY AVE 22 TRINITY 22 TRINITY AVE 22 TRINITY AVE AVE
$1,070,000 5 DEEPDALE ST 5 beds | 3 baths | 2 cars 360 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$1,100,000
$1,110,000 22 TRINITY AVE 4 beds | 2 baths | 2 cars 581 m² 5
Top 10 House Sales Address
Sold date
Land size
Price
1
13
HECTOR CRT
7/9/18
705m2
$2,090,000
2
6
WELLGATE AVE
5/11/18
937m2
$1,555,000
3
56
PRESIDENT RD
8/11/18
527m2
$1,500,000
4
41
BALMORAL RD
10/9/18
700m2
$1,490,000
5
127
GARRAWILLA AVE
5/9/18
450m2
$1,465,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
17
CORMACK CCT
20/9/18
602m2
$1,435,000
7
47
JAMES MILEHAM DR
15/10/18
803m2
$1,430,000
8
37
MAEVE AVE
18/8/18
788m2
$1,430,000
9
14
STRACHAN CRT
8/10/18
778m2
$1,400,000
10
2
BLACKHAM RD
19/10/18
2,133m2
$1,340,000
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 $1,300,000
75 70 65
$1,200,000
60 55
$1,100,000
50 45
$1,000,000
30 25
$800,000
20 15 NOV
OCT
SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
$700,000
NUMBER OF SALES
35
$900,000
DEC
MEDIAN SALE PRICE
40
MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Past 12 months House
Unit
$200K-$300K
1
1
0%
$400K-$500K
2
2
0%
$500K-$600K
1
4
5
1%
18
18
$600K-$700K
Past 12 Months 461 Sales
3%
$700K-$800K
14
10
24
$800K-$900K
30
9
39
$900K-$1M
58
3
61
$1M-$1.25M
149
149
$1.25M-$1.5M
92
92
$1.5M-$1.75M
26
26
$1.75M-$2M
11
11
$2M-$2.5M
4
4
$2.5M-$3M
1
1
0%
>$3M
4
4
1%
5% 8% 13% 32% 20% 6% 2% 1%
$1M-$1.25M 149 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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