Kellyville 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
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Based on 337 recorded House sales within the last 12on months (Oct '17 -sales Sep '18) Based Based onBased on 337 442 recorded recorded recorded House House sales within within sales within Based Based aon on rolling a442 rolling 12 month 12House month period period and and may may differ differ from from calendar calendar year statistics statistics the thelast last the 12 12last months months 12 months (Oct (Financial '17 (Financial -year Sep Year '18)2018) Year 2018) Based on a rolling 12 month period and may differ from calendar yearperiod statistics Based Based on aon Based rolling a rolling on 12amonth 12 rolling month 12 period month andand period maymay differ and differ may differ
Current Median Price: $1,170,000 Based on recorded House sales within the 12 Current Current Median Current Median Price: Median Price: $1,170,000 Price: $1,200,000 $1,200,000 Previous Median Price: $1,200,000 months (Oct '17 -12 Sep '18) Based on Based on recorded recorded recorded House House sales House sales within within sales within the 12 12differ the 12 Based Based onon aon rolling a rolling 12 month month period period andthe and may may differ Based Based on 898 onrecorded 898 recorded House House salessales compared compared over over the last thetwo last two Based rolling rolling 12Price: month 12$1,200,000 month periods periods Previous Previous Previous Median Median Price: Median Price: $1,170,000 $1,170,000 from from calendar calendar year year statistics statistics months months months (Oct (Financial '17 (Financial - Sep Year '18) 2018) Year 2018) Based on 898 recorded House sales compared over the last two rolling 12 month periods Based Based on 898 onBased 1003 recorded recorded on 1003 House recorded House salessales compared House compared sales over compared over the last the two last overtwo the last two rolling rolling 12 month 12rolling month periods 12 periods month periods
Recently Sold Houses from from calendar calendar fromyear calendar year statistics statistics year statistics
5 HONEYSUCKLE 5 HONEYSUCKLE PL PL
5 HONEYSUCKLE PL 9 BISLETT BISLETT CRES 59 beds | 2CRES baths | 2 cars 480 m² 9 BISLETT CRES 9 BISLETT 5 TRINITY 5 TRINITY CRES AVE AVE
$1,430,000 37 MAEVE AVE MARKETSFIELD 8 MARKETSFIELD AVE AVE 48beds | 2 baths | 2 cars 788 m² 8 MARKETSFIELD AVE 8 MARKETSFIELD 23 VALENTI 23 VALENTI CRES AVE CRES
$1,200,000 9 BISLETT CRES 5 beds | 3 baths | 2 cars
from from calendar calendar fromyear calendar year statistics statistics year statistics
22 22 WELFORD WELFORD CCT CCT
22 WELFORD CCT 22 WELFORD CCT
37 MAEVE 37 MAEVE AVE AVE
$1,006,000
Based on a rolling 12 month period and may differ from calendar yearperiod statistics Based Based on aon Based rolling a rolling on 12amonth 12 rolling month 12 period month andand period maymay differ and differ may differ
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
22 WELFORD CCT 18 18 BALLYMENA WAY WAY 4 beds | 3 BALLYMENA baths | 2 cars 664 m² 18 BALLYMENA WAY 1814 BALLYMENA CHALET 14 CHALET RDWAY RD
$1,290,000 8 MARKETSFIELD AVE 4 beds | 2 baths | 2 cars
$1,180,000
$1,150,000 18 BALLYMENA WAY 4 beds | 2 baths | 2 cars 450 m²
QUICK FACTS
Median Sale Price Suburb Growth 7 PENNYBRIGHT PL 7 PENNYBRIGHT PL PL 7 PENNYBRIGHT 7 PENNYBRIGHT 7 PENNYBRIGHT PL PL 7 PENNYBRIGHT PL
$1.17m
-2.5%
# Sold Properties 11 FINTRY CRT 11 FINTRY CRTCRT 337 11 FINTRY 11 FINTRY 11 FINTRY CRTCRT 11 FINTRY CRT
$1,325,000 7 PENNYBRIGHT PL BENALLA AVE 41beds | 2 baths | 3 cars 500 m² 1 BENALLA AVEAVE 1 BENALLA 1 BENALLA 1 BENALLA AVEAVE 1 BENALLA AVE
$1,255,000 11 FINTRY CRT 41 BALMORAL RD 608 m² 5 beds | 3 baths | 2 cars 41 BALMORAL RD RD 41 BALMORAL 41 BALMORAL 41 BALMORAL RD RD 41 BALMORAL RD
$1,025,000 1 BENALLA AVE 5 beds | 2 baths | 3 cars 695 m²
38 TIMBARRA AVE 38 TIMBARRA AVEAVE 38 TIMBARRA 38 TIMBARRA 38 TIMBARRA AVEAVE 38 TIMBARRA AVE
$1,490,000 41 BALMORAL RD 5 beds | 3 baths | 2 cars 700 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
$1,170,000 38 TIMBARRA AVE HECTOR CRT 4 beds |13 2 bath | 2 car 578 m² 13 HECTOR CRTCRT 13 HECTOR 13 HECTOR 13 HECTOR CRTCRT 13 HECTOR CRT
$2,090,000 13 HECTOR CRT 5 beds | 3 baths | 3 cars 705 m² 5
Top 10 House Sales Address
Sold date
Land size
Price
1
9
COUNTRY CLUB CCT
17/8/2018
737m2
$2,175,000
2
13
HECTOR CRT
11/9/2018
705m2
$2,090,000
3
43
MONACO AVE
25/7/2018
800m2
$1,720,000
4
41
BALMORAL RD
11/9/2018
700m2
$1,490,000
5
5
BUSH PADDOCK AVE
11/8/2018
700m2
$1,690,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
5
CARROW ST
21/7/2018
500m2
$1,480,000
7
127
GARRAWILLA AVE
5/9/2018
450m2
$1,465,000
8
30
THOMAS BOULTON CCT
25/8/2018
707m2
$1,437,000
9
17
CORMACK CCT
20/9/2018
602m2
$1,435,000
10
37
MAEVE AVE
31/8/2018
788m2
$1,430,000
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 $1,300,000
75 70 65
$1,200,000
60 55
$1,100,000
50 45
$1,000,000
30 25
$800,000
20 15 SEP
AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
$700,000
NUMBER OF SALES
35
$900,000
OCT
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
5
6
1%
15
15
$600K-$700K
Past 12 Months 433 Sales
3%
$700K-$800K
11
8
19
$800K-$900K
26
9
35
$900K-$1M
48
3
51
$1M-$1.25M
144
144
$1.25M-$1.5M
97
97
$1.5M-$1.75M
26
26
$1.75M-$2M
8
8
$2M-$2.5M
4
4
$2.5M-$3M
1
1
0%
>$3M
4
4
1%
4% 8% 12% 33% 22% 6% 2% 1%
$1M-$1.25M 144 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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