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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the402 lastrecorded 12 months (Financial Year 2018) Based on House sales within Based 402 recorded House sales within theon last months (Financial Year 2018) Based Based on Based 402 on12 402 recorded on recorded 402 recorded House House sales House sales within within sales within the the lastlast 12the months (Financial Year 2018) the last 12 months 12last months 12(Financial months (Financial (Financial Year Year 2018) 2018) Year 2018) Based on a rolling 12 month period and may differ
calendar year statistics Based on a rolling from 12 month period and may differ Based on rolling 12 month period and may differ calendar year statistics Based Based on a aon Based rolling afrom rolling 12 on month a12 rolling month period 12period month and and may period may differ and differ may differ from calendar year statistics fromfrom calendar calendar from year calendar year statistics statistics year statistics
Current Median Price: $1,219,500 Current Current Median Current Median Price: Median Price: $1,219,500 Price: $1,219,500 $1,219,500 Previous Median Price: $1,170,000 Previous Median Price: $1,170,000 Previous Previous Previous Median Median Price: Median Price: $1,170,000 Price: $1,170,000 $1,170,000
Based on 962 recorded House sales compared over the last two rolling 12 month periods 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 Based Based on 962 onBased recorded 962 recorded on House 962 recorded House sales sales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling 12 month periods rolling rolling 12 month 12rolling month periods 12 periods month periods
Recently Sold Houses
7 FLYNN AVE 7 FLYNN AVE 7 7 FLYNN FLYNN 7 FLYNN 7AVE AVE FLYNN AVE AVE
15 BELFORD AVE 15 BELFORD AVE 15 BELFORD AVE 15 15 BELFORD BELFORD 15 BELFORD AVE AVE AVE
$1,190,000 7 FLYNN AVE 43beds | 2CRT baths | 2 cars 472 m² AVRIL 3 AVRIL CRT 3 3 AVRIL AVRIL 3 AVRIL 3CRT CRT AVRIL CRT CRT
700 m²
Based on a rolling 12 month period and may differ
calendar year statistics Based on a rolling from 12 month period and may differ Based on rolling 12 month period and may differ calendar year statistics Based Based on a aon Based rolling afrom rolling 12 on month a12 rolling month period 12period month and and may period may differ and differ may differ from calendar year statistics fromfrom calendar calendar from year calendar year statistics statistics year statistics
32 PRESIDENT RD 32 PRESIDENT RD 32 PRESIDENT RD 32 32 PRESIDENT PRESIDENT 32 PRESIDENT RDRD RD
$1,265,000 15 BELFORD AVE 4 beds | 2 baths |AVE 2 cars 563 m² 29 CAYDEN 29 CAYDEN AVE 29 CAYDEN AVE 29 29 CAYDEN CAYDEN 29 CAYDEN AVE AVE AVE
$1,355,000 3 AVRIL CRT 5 beds | 3 baths | 3 cars
months (Financial Year 2018) Based on recorded House sales within the 12 Based on recorded House sales within the 12 months (Financial Year 2018) Based Based onBased recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months (Financial Year 2018) months months (Financial months (Financial (Financial Year Year 2018) 2018) Year 2018)
$895,000 32 PRESIDENT RD 3 beds |43 1 baths | 2 cars MONACO AVE697 m² 43 MONACO AVE 43 MONACO AVE 43 43 MONACO MONACO 43 MONACO AVE AVE AVE
$980,000 29 CAYDEN AVE 4 beds | 2 baths | 2 cars
Source: pricefinder.com.au | Properties included may/may not be sold by Ray White
472 m²
$1,720,000 43 MONACO AVE 5 beds | 2 baths | 2 cars
800 m²
QUICK FACTS
Median Sale Price Suburb Growth 50 50 FOX FOX CREEK 50 CREEK FOX CCT CREEK CCT CCT
$1.22m
+4.2%
50 50 FOX FOX CREEK 50 CREEK FOX CCT CREEK CCT CCT
# Sold Properties 27 27 ANNABELLE ANNABELLE 27 ANNABELLE CRES CRESCRES 402
7 JUPITER 7 JUPITER 7 JUPITER RDRD RD
27 27 ANNABELLE ANNABELLE 27 ANNABELLE CRES CRESCRES
7 JUPITER 7 JUPITER 7 JUPITER RDRD RD
$930,000
$900,000
$1,080,000
50 FOX CREEK CCT 433 beds | 2 AVENUE baths | 2AVENUE cars 318 m² 33 33 BALLYMORE BALLYMORE BALLYMORE AVENUE
27 ANNABELLE CRES 3 SPRINGBROOK beds | 2 bathsBVD | 1BVD cars BVD 696 m² 16 16 SPRINGBROOK 16 SPRINGBROOK
7 JUPITER RD 4 beds |14 2 baths |CRES 2 cars 702 m² 14 14 CARLISLE CARLISLE CARLISLE CRES CRES
33 33 BALLYMORE BALLYMORE 33 BALLYMORE AVENUE AVENUE AVENUE
16 16 SPRINGBROOK SPRINGBROOK 16 SPRINGBROOK BVD BVD BVD
14 14 CARLISLE CARLISLE 14 CARLISLE CRES CRESCRES
$1,200,000 33 BALLYMORE AVENUE 5 beds | 3 baths | 2 cars
$1,156,000 16 SPRINGBROOK BVD 4 beds | 2 baths | 2 cars 518 m²
$1,175,000 14 CARLISLE CRES 4 beds | 2 baths | 2 cars
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Source: pricefinder.com.au be9sold by Ray 10 10 JACKSON JACKSON 10 JACKSON PL PL PL | Properties included may/may 9 MARJORIE 9not MARJORIE MARJORIE PL PLWhitePL
10 10 JACKSON JACKSON 10 JACKSON PL PL PL
9 MARJORIE 9 MARJORIE 9 MARJORIE PL PL PL $1,203,000 $1,203,000 $1,203,000
640 m²
$1,300,000 $1,300,000 $1,300,000
Top 10 House Sales Address
Sold date
Land size
Price
1
59
HARTIGAN AVE
18/7/2018
851m2
$1,875,000
2
5
BALMORAL RD
2/7/2018
700m2
$1,850,000
3
43
MONACO AVE
25/7/2018
800m2
$1,720,000
4
29
CUNNINGHAM PDE
21/6/2018
623m2
$1,500,000
5
5
CARROW ST
21/7/2018
500m2
$1,480,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
2
LAKEFIELD AVE
9/7/2018
569m2
$1,465,000
7
20
HARTIGAN AVE
5/7/2018
478m2
$1,400,000
8
3
AVRIL CRT
27/7/2018
700m2
$1,355,000
9
65
ROSEBERY RD
13/7/2018
986m2
$1,350,000
10
4
EMILY CLARKE DR
2/7/2018
623m2
$1,335,000
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 JULY
JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
$700,000
NUMBER OF SALES
35
$900,000
AUG
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%
$300K-$400K
1
1
0%
$400K-$500K
3
3
1%
$500K-$600K
1
1
1%
$600K-$700K
1
6
7
$700K-$800K
7
8
15
$800K-$900K
26
12
38
$900K-$1M
44
4
48
$1M-$1.25M
160
160
$1.25M-$1.5M
108
108
$1.5M-$1.75M
29
29
$1.75M-$2M
10
10
$2M-$2.5M
4
4
$2.5M-$3M
3
3
1%
>$3M
5
5
1%
Past 12 Months 460 Sales
2% 3% 8% 10%
$1M-$1.25M 35% 23%
6% 2% 1%
160 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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