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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the last 12 months last 12 months (AprHouse '17 (Apr - Mar '17 '18) -within Mar '18) Based onthe 438 recorded sales Based Based on Based on 438 438 on recorded 438 recorded House House House within sales within the last 12recorded months (Apr '17sales -sales Marwithin '18) the the last last the 1212 months last months 12 months (Apr (Apr '17 '17 (Apr - Mar - may Mar '17 '18) '18) - Mar '18) Based on Based a rolling on12 a month rolling 12 period month andperiod differ and may differ from calendar fromyear calendar statistics year statistics Based on a rolling 12 month period and may differ Based Based onon Based a rolling afrom rolling on 12 a12 month rolling month 12 period period month and and period may may differ and differ may differ calendar year statistics from from calendar calendar fromyear calendar year statistics statistics year statistics
Current Median Price: $1,230,000 Current Current Current Median Median Price: Median Price: $1,230,000 Price: $1,230,000 $1,230,000 Previous Median Price: $1,120,000 Previous Previous Previous Median Median Price: Median Price: $1,120,000 Price: $1,120,000 $1,120,000
Based on 996 Based recorded on 996 House recorded salesHouse compared salesover compared the lastover two the last two rolling 12 month rolling periods 12 month periods Based on 996 recorded House sales compared over the last two rolling 12sales month periods Based Based on on 996 Based 996 recorded recorded on 996 House recorded House 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
Recently sold houses
54 THOMAS 54 THOMAS BOULTON BOULTON CCT CCT 54 THOMAS BOULTON CCT 5454THOMAS THOMAS 54 THOMAS BOULTON BOULTON BOULTON CCT CCT CCT
199 HEZLETT 199 HEZLETT RD RD 199 HEZLETT RD 199 199HEZLETT HEZLETT 199 HEZLETT RD RD RD
$1,120,000 54 THOMAS BOULTON CCT 41bed | 3 bathAVE | 3 garages 704 m² 1 HORATIO HORATIO AVE 1 HORATIO AVE 1 1HORATIO HORATIO 1 HORATIO AVE AVE AVE
from calendar fromyear calendar statistics year statistics Based on a rolling 12 month period and may differ Based Based onon Based a rolling afrom rolling on 12 a12 month rolling month 12 period period month and and period may may differ and differ may differ calendar year statistics from from calendar calendar fromyear calendar year statistics statistics year statistics
44 MACQUARIE 44 MACQUARIE AVE AVE 44 MACQUARIE AVE 4444MACQUARIE MACQUARIE 44 MACQUARIE AVE AVE AVE
$860,000 199 HEZLETT RD 4 bed |PL 2 bathPL | 2 garages 300 m² 2 JORJA 2 JORJA 2 JORJA PL 2 2JORJA JORJA 2 JORJA PL PL PL
$1,120,000 1 HORATIO AVE 3 bed | 2 bath | 2 garages 426 m²
months months (AprHouse '17 (Apr - Mar '17 '18) -within Mar '18) Based on recorded sales the 12 Based Based on Based on recorded recorded on recorded House House House within salesthe within the 1212the 12 months (Apr '17sales -sales Marwithin '18) months months months (Apr (Apr '17 '17 (Apr - Mar - Mar '17 '18) '18) -may Mardiffer '18) Based on Based a rolling on12 a month rolling 12 period month andperiod and may differ
$1,100,000 44 MACQUARIE AVE 613bed | 13 3 bath | 3 garages 600 m² SUSSEX SUSSEX RD RD 13 SUSSEX RD 1313SUSSEX SUSSEX 13 SUSSEX RD RD RD
$1,380,000 2 JORJA PL 4 bed | 2 bath | 3 garages 865 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$1,180,000 13 SUSSEX RD 4 bed | 2 bath | 2 garages 449 m² 35 ROSEBERY 35 ROSEBERY RD RD 35 ROSEBERY RD 3535ROSEBERY ROSEBERY 35 ROSEBERY RD RD RD
$1,170,000 $1,170,000
Median Sale Price
$1.23m
Suburb Growth
+9.8%
3 FARMHOUSE 3 FARMHOUSE 3 FARMHOUSE AVE AVEAVE 3 FARMHOUSE 3 FARMHOUSE AVEAVE 3 FARMHOUSE AVE
# Sold Properties
438
13 JANAMBA 13 JANAMBA 13 JANAMBA AVE AVEAVE 13 JANAMBA 13 JANAMBA AVEAVE 13 JANAMBA AVE
$1,700,000 3 FARMHOUSE AVE 5 bed | 3 bath | 2 garages 703 m² 19 WOMBOYNE 19 WOMBOYNE 19 WOMBOYNE AVE AVEAVE 19 WOMBOYNE 19 WOMBOYNE AVEAVE 19 WOMBOYNE AVE
$960,000 13 JANAMBA AVE 5 bed | 3 bath | 1 garages 697 m² 31 PERKINS 31 PERKINS 31 PERKINS DR DR DR 31 PERKINS 31 PERKINS DR DR 31 PERKINS DR
$1,088,000 19 WOMBOYNE AVE 4 bed | 2 bath | 2 garages 745 m²
$1,325,000 12 HIGHGATE CCT 5 bed | 2 bath | 2 garages 929 m² 20 MAYFAIR 20 MAYFAIR 20 MAYFAIR AVE AVEAVE 20 MAYFAIR 20 MAYFAIR AVEAVE 20 MAYFAIR AVE
$1,361,000 31 PERKINS DR 4 bed | 2 bath | 2 garages 568 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
4 WOKO 4 WOKO 4ST WOKO ST ST 4 WOKO 4 WOKO ST ST
12 HIGHGATE 12 HIGHGATE 12 HIGHGATE CCT CCTCCT 12 HIGHGATE 12 HIGHGATE CCTCCT 12 HIGHGATE CCT
9 GALVIN 9 GALVIN 9 AVE GALVIN AVEAVE 9 GALVIN 9 GALVIN AVEAVE
$1,380,000 20 MAYFAIR AVE 5 bed | 2 bath | 3 garages 909 m² 5 14 LOWAN 14 LOWAN 14 PL LOWAN PL PL 14 LOWAN 14 LOWAN PL PL
Top 10 house sales Address
Sold date
Land size
Price
1
28
STRATHFILLAN WAY
9/2/2018
1091m2
$3,325,123
2
11
CALADENIA PL
17/2/2018
731m2
$1,811,500
3
25
STRATHFILLAN WAY
19/3/2018
1401m2
$1,750,000
4
3
FARMHOUSE AVE
28/4/2018
703m2
$1,700,000
5
19
SARABAH ST
6/4/2018
645m2
$1,700,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
4
BENTLEY AVE
9/2/2018
1091m2
$3,325,123
7
50
POOLE RD
17/2/2018
731m2
$1,811,500
8
47
LAUGHTON CRES
19/3/2018
1401m2
$1,750,000
9
71
PATYA CCT
28/4/2018
703m2
$1,700,000
10
11
EVERGREEN WAY
6/4/2018
645m2
$1,700,000
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 APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
AUG
JULY
JUN
MAY
$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 507 sales
$300k-$400k
1
$400k-$500k
4
1
5
1%
$500k-$600k
1
2
3
1%
$600k-$700k
5
5
10
$700k-$800k
10
13
23
$800k-$900k
22
11
33
$900k-$1M
33
6
39
$1M-$1.25
168
168
$1.25M-$1.5M
125
125
$1.5M-$1.75M
40
40
$1.75M-$2M
16
16
$2M-$2.5M
9
9
$2.5M-$3M
3
3
1%
>$3M
6
6
1%
2% 5% 7% 8%
$1M-$1.25M 33% 25%
8% 3% 2%
168 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