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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the last 12 months (Financial Year 2018) Based Based on on 402 402 recorded recorded House House sales sales within within the last Based 12 months (Financial Year 2018) Based on months 442on recorded 442 recorded House House sales within sales within the last 12 (Financial Year 2018) Based on a rolling 12 month period and may differ the last the 12last months 12from months (Financial (Financial Year 2018) Year 2018) calendar year statistics
months (Financial Year 2018) Current Current Median Median Price: Price: $1,219,500 $1,219,500 Based Based on on recorded recorded House House sales sales within within the the 12 12 Previous Median Price: $1,170,000 Current Current Median Median Price: Price: $1,200,000 $1,200,000 (Financial Year 2018) Previous Median Price: $1,170,000 Basedmonths Based on recorded on recorded House House sales within sales within the 12the 12 months (Financial Year 2018) Based on a rolling 12 month period and may differ Based on 962 recorded House sales compared over the last two Previous Previous Median Median Price: Price: $1,170,000 $1,170,000 months months (Financial (Financial Year 2018) Year 2018) rolling 12 month periods
KELLYVILLE - Recently Sold Properties Based Based on on a a rolling rolling 12 12 month month period period and and may may differ differ from calendar year statistics from calendar year12 statistics Based on Based a rolling on a12 rolling month period monthand period mayand differ may differ from calendar from calendar year statistics year statistics
Based on 962 recorded House sales compared over the last two Based on 962 recorded House sales compared over the last two rolling 12 month periods rolling monthsales periods Based onBased 1003 recorded on 100312recorded House House compared sales compared over the last overtwo the last two rolling 12rolling month12 periods month periods
Recently Sold Houses
7 FLYNN AVE
Median Sale Price
7 7 FLYNN FLYNN AVE AVE 5 HONEYSUCKLE 5 HONEYSUCKLE PL PL
15 BELFORD AVE
from calendar year statistics Based Based on on a a rolling rolling 12 12 month month period period and and may may differ differ from calendar year statistics from calendar year12 statistics Based on Based a rolling on a12 rolling month period monthand period mayand differ may differ from calendar from calendar year statistics year statistics
32 PRESIDENT RD
Suburb Growth
15 15 BELFORD BELFORD AVE AVE 37 MAEVE 37 MAEVE AVE AVE
# Sold Properties
32 32 PRESIDENT PRESIDENT RD RD
$1.22m
+4.2%
402
Based on 402 recorded House sales within the last 12 months (Financial Year 2018)
Current Median Price: $1,219,500 Previous Median Price: $1,170,000
Based on recorded House sales within the 12 months (Financial Year 2018)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 962 recorded House sales compared over the last two rolling 12 month periods
Based on a rolling 12 month period and may differ from calendar year statistics
$1,006,000
5 HONEYSUCKLE PL 53beds | 2CRT baths | 2 cars 480 m² AVRIL 7 FLYNN AVE 3 3 AVRIL AVRIL CRT CRT 5 TRINITY 5 TRINITY AVE AVE
$1,430,000
37 MAEVE AVE 4 beds | 2 baths |AVE 2 cars 788 m² 29 CAYDEN 15 BELFORD AVE 29 29 CAYDEN CAYDEN AVE AVE 23 VALENTI 23 VALENTI CRESCRES
$1,355,000 3 AVRIL CRT 5 beds | 3 baths | 3 cars
700 m²
$895,000
32 PRESIDENT RD 3 beds |43 1 bath | 2 cars 697 m² MONACO AVE 32 PRESIDENT RD 43 43 MONACO MONACO AVE AVE 14 CHALET 14 CHALET RD RD
$1,265,000 15 BELFORD AVE 4 beds | 2 baths | 2 cars 563 m²
Source: pricefinder.com.au | Properties included may/may29 notCAYDEN be sold by Ray White 3 AVRIL CRT AVE
$1,720,000 43 MONACO AVE 5 beds | 2 baths | 2 cars 43 MONACO AVE
800 m²
QUICK FACTS
Median Sale Price 5 TRINITY AVE 5 TRINITY AVE 5 5 TRINITY 5 TRINITY TRINITY 5 TRINITY AVE AVE AVEAVE
$1.2m
Suburb Growth
+2.6%
# Sold Properties 23 VALENTI CRES 442 23 VALENTI CRES 23 23 VALENTI 23 VALENTI VALENTI 23 VALENTI CRESCRES CRES CRES
$1,270,000 5 TRINITY AVE 10 HORATIO 4 bedsAVE | 3 baths | 3 cars 546 m² 10 HORATIO AVE 10 10 HORATIO 10 HORATIO HORATIO 10 HORATIO AVE AVE AVEAVE
$1,202,800 23 VALENTI CRES 22 NAMBUNG ST | 2 cars 680 m² 4 beds | 2 baths 22 NAMBUNG ST 22 22 NAMBUNG 22 NAMBUNG NAMBUNG 22 NAMBUNG ST ST ST ST
$988,000 10 HORATIO AVE 3 beds | 3 baths | 2 cars 562 m²
14 CHALET RD 14 CHALET RD 14 14 CHALET 14 CHALET CHALET 14 CHALET RD RD RD RD
$1,350,000 22 NAMBUNG ST 5 beds | 2 baths | 2 cars 450 m²
$830,000 14 CHALET RD 303 THOMAS BOULTON CCTm² beds | 1 bath | 1 car 699 30 THOMAS BOULTON CCT 30 BOULTON 30 THOMAS 30 THOMAS THOMAS 30 THOMAS BOULTON BOULTON BOULTON CCT CCT CCTCCT
$1,437,000 30 THOMAS BOULTON CCT 4 beds | 2 baths | 2 cars 707 m²
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
repared on 05/09/2018 by Ray White Castle Hill , 07 3231 2200 at Ray White Corporate Default. © Property Data Solutions Pty Ltd 2018 (pricefinder.com.au)
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Top 10 House Sales Address
Sold date
Land size
Price
1
54
THOMAS BOULTON CCT
12/6/2018
704m2
$1,902,000
2
5
BALMORAL RD
2/7/2018
701m2
$1,850,000
3
9
BALMORAL RD
5/6/2018
700m2
$1,800,000
4
43
MONACO AVE
25/7/2018
800m2
$1,720,000
5
2
TWICKENHAM AVE
16/6/2018
550m2
$1,540,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
29
CUNNINGHAM PDE
13/6/2018
623m2
$1,500,000
7
5
CARROW ST
21/7/2018
500m2
$1,480,000
8
30
THOMAS BOULTON CCT
25/8/2018
707m2
$1,437,000
9
37
MAEVE AVE
31/8/2018
788m2
$1,430,000
10
20
HARTIGAN AVE
5/7/2018
478m2
$1,400,000
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 AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
$700,000
NUMBER OF SALES
35
$900,000
SEP
MEDIAN SALE PRICE
40
MONTH
Number of sales
Median sale price
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Recent Activity Sales by Price - Past 12 months House
Unit
$200K-$300K
1
1
0%
$400K-$500K
2
2
0%
$500K-$600K
1
1
0%
$600K-$700K
1
8
9
$700K-$800K
8
9
17
$800K-$900K
28
11
39
$900K-$1M
48
3
51
$1M-$1.25M
157
157
$1.25M-$1.5M
99
99
$1.5M-$1.75M
28
38
$1.75M-$2M
10
10
$2M-$2.5M
4
4
$2.5M-$3M
2
2
0%
>$3M
5
5
1%
Past 12 Months 447 Sales
2% 4% 9% 11% 35% 22% 6% 2% 1%
$1M-$1.25M 157 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
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
David Xiao 0433 009 018
Kimberley Hatchett 9680 2255
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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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