Kellyville
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 Based on 438 438 recorded on recorded 438 recorded House House sales House sales within within sales within the the last last the 1212 months last months 12 months (Apr (Apr '17 '17 (Apr - Mar - Mar '17 '18) '18) - Mar '18)
Current Current Current Median Median Price: Median Price: $1,230,000 Price: $1,230,000 $1,230,000 Previous Previous Previous Median Median Price: Median Price: $1,120,000 Price: $1,120,000 $1,120,000
Based Based on Based on recorded recorded on recorded House House sales House sales within within salesthe within the 1212the 12 months months months (Apr (Apr '17 '17 (Apr - Mar - Mar '17 '18) '18) - Mar '18)
KELLYVILLE KELLYVILLE KELLYVILLE - Recently - Recently - Recently Sold Sold Sold Properties Properties Properties
Recently sold houses
Based Based onon Based a rolling a rolling on12 a12 month rolling month 12 period period month and and period may may differ and differ may differ from from calendar calendar fromyear calendar year statistics statistics year statistics
Based Based onon Based a rolling a rolling on12 a12 month rolling month 12 period period month and and period may may differ and differ may differ from from calendar calendar fromyear calendar year statistics statistics year statistics
Based Based on on 996 Based 996 recorded recorded on 996 House recorded House sales sales House compared compared salesover compared over thethe lastlast over twotwo the last two rolling rolling 12 12 month rolling month periods 12 periods month periods
5454THOMAS THOMAS 54 THOMAS BOULTON BOULTON BOULTON CCT CCT CCT
Median Median Median Sale Sale Sale Price Price Price
199 199HEZLETT HEZLETT 199 HEZLETT RD RD RD
4444MACQUARIE MACQUARIE 44 MACQUARIE AVE AVE AVE
Suburb Suburb Suburb Growth Growth Growth
# Sold # #Sold Sold Properties Properties Properties
$1.24m $1.24m $1.24m
+10.4% +10.4% +10.4%
450 450 450
BasedBased onBased 450on recorded 450 on 450 recorded recorded HouseHouse sales House within sales sales within within the last the 12the last months last 12 months 12(Apr months '17 (Apr - (Apr Mar '17 '18) '17 - Mar - Mar '18)'18)
Current Current Median Current Median Price: Median Price: $1,236,940 Price: $1,236,940 $1,236,940 Previous Previous Previous Median Median Price: Median Price: $1,120,000 Price: $1,120,000 $1,120,000
BasedBased onBased recorded on recorded on recorded HouseHouse sales House within sales sales within thewithin 12the the 12 12 months months (Apr months '17 (Apr - (Apr Mar '17 '18) '17 - Mar - Mar '18)'18)
Based on Based a Based rolling on a12 on rolling month a rolling 12period month 12 month and period may period and differ and maymay differdiffer $1,120,000 from calendar fromfrom calendar year calendar statistics yearyear statistics statistics
Based onBased 1010Based recorded on 1010 on 1010 recorded House recorded sales House compared House salessales compared overcompared the last overtwo over the last thetwo last two rolling 12rolling month rolling 12 periods month 12 month periods periods
54 THOMAS BOULTON CCT 4 bed | 3 bath | 3 garages 704 m²
$860,000
199 HEZLETT RD 4 bed | 2 bath | 2 garages 300 m²
109 ACRES 109109 ACRES RD ACRES RDRD 2 2JORJA JORJA 2 JORJA PL PL PL
561 1 CONNAUGHT 56 56 CONNAUGHT CONNAUGHT CCT CCT CCT HORATIO HORATIO 1 HORATIO AVE AVE AVE
$1,265,000 56 CONNAUGHT CCT 4 bed | 2 bath | 2 garages 621 m²
Based on Based a Based rolling on a12 on rolling month a rolling 12period month 12 month and period may period and differ and maymay differdiffer $1,100,000 from calendar fromfrom calendar year calendar statistics yearyear statistics statistics
44 MACQUARIE AVE 6 bed | 3 bath | 3 garages 600 m²
1 13 CARISBROOK 1SUSSEX CARISBROOK 1 CARISBROOK ST RD ST ST 13SUSSEX 13 SUSSEX RD RD
$1,110,000 109 ACRES RD 4 bed | 2 bath | 2 garages 720 m²
$1,029,000 1 CARISBROOK ST 5 bed | 3 bath | 2 garages 365 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
6 SUNRISE 6 SUNRISE 6 SUNRISE PL PL PL
20 BENALLA 20 20 BENALLA BENALLA AVE AVE AVE
293535 MALONGA 29 29 MALONGA MALONGA AVE AVE AVE ROSEBERY ROSEBERY 35 ROSEBERY RD RD RD
Median Sale Price
$1.24m
Suburb Growth
+10.4%
6 SUNRISE 6 SUNRISE PL PL 6 SUNRISE 66 SUNRISE PL PL SUNRISE PL 6 SUNRISE PL
# Sold Properties
450
20 BENALLA 20 BENALLA AVE AVE 20 BENALLA 20 AVE AVE 20 BENALLA BENALLA AVE 20 BENALLA AVE
$1,510,000 6 SUNRISE PL 4 bed | 2 bath | 2 garages 726 m² 19 ARMBRUSTER 19 ARMBRUSTER AVE AVE 19 ARMBRUSTER 19 AVE AVE 19 ARMBRUSTER ARMBRUSTER AVE 19 ARMBRUSTER AVE
$955,000 20 BENALLA AVE 4 bed | 1 bath | 1 garages 1,023 m² 10 ANNABELLE 10 ANNABELLE CRES CRES 10 ANNABELLE 10 CRESCRES 10 ANNABELLE ANNABELLE CRES 10 ANNABELLE CRES
$1,020,000 19 ARMBRUSTER AVE 4 bed | 2 bath | 2 garages 446 m²
29 MALONGA 29 MALONGA AVE AVE 29 MALONGA 29 AVE AVE 29 MALONGA MALONGA AVE 29 MALONGA AVE
$1,150,000 10 ANNABELLE CRES 4 bed | 2 bath | 2 garages 1,265 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$935,000 29 MALONGA AVE 3 bed | 1 bath | 2 garages 706 m² 48 CRESTVIEW 48 CRESTVIEW AVE AVE 48 CRESTVIEW 48 AVE AVE 48 CRESTVIEW CRESTVIEW AVE 48 CRESTVIEW AVE
$1,280,000 48 CRESTVIEW AVE 5 bed | 3 bath | 3 garages 600 m² 5
Top 10 house sales Address
Sold date
Land size
Price
1
25
STRATHFILLAN WAY
19/3/2018
1401m2
$1,750,000
2
3
FARMHOUSE AVE
28/4/2018
703m2
$1,700,000
3
19
SARABAH ST
6/4/2018
645m2
$1,700,000
4
47
LAUGHTON CRES
17/4/2018
702m2
$1,605,000
5
71
PATYA CCT
2/3/2018
700m2
$1,590,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
11
EVERGREEN WAY
9/4/2018
901m2
$1,580,000
7
13
MEREDITH AVE
13/3/2018
601m2
$1,565,000
8
8
JACKSON PL
7/4/2018
792m2
$1,550,000
9
6
SUNRISE PL
25/5/2018
726m2
$1,510,000
10
76
ARNOLD AVE
21/5/2018
700m2
$1,500,000
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 $1,300,000
75 70 65
$1,200,000
60 55
$1,100,000
50 45
$1,000,000
35
$900,000
30 25
$800,000
20 15 MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
AUG
JULY
JUN
$700,000
NUMBER OF SALES
MEDIAN SALE PRICE
40
SALE MONTH
Number of sales
Median sale price
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Recent Activity Sales by Price - Last 12 months House 0-$200k
Unit 1
1
0%
1
0%
Last 12 months 482 sales
$300k-$400k
1
$400k-$500k
4
1
5
1%
$500k-$600k
1
1
2
1%
$600k-$700k
2
6
8
$700k-$800k
10
12
22
$800k-$900k
19
13
32
$900k-$1M
39
4
43
$1M-$1.25
154
154
$1.25M-$1.5M
120
120
$1.5M-$1.75M
37
37
$1.75M-$2M
14
14
$2M-$2.5M
7
7
$2.5M-$3M
3
3
1%
>$3M
6
6
1%
2% 5% 7% 8%
$1M-$1.25M 32% 25%
8% 3% 2%
154 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
Hannah Dowling 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
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
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au