Bella Vista & Bella Vista Waters MARKET REPORT AUTUMN 2017
Ray White Castle Hill is the proud sponsor of
Give
Take
Wel come
3
The year is now back into full swing which gives us an opportunity to examine exactly what happened to the Hills property market in 2016. Two major trends stood out. Firstly, the volume of sales across North West Sydney was significantly down and secondly that the value of properties in our market reached new heights.
We are looking forward to continuing our support of local organisations in 2017 which include local charity Give & Take as well as the Castle Hill Bowling Club. As part of the broader brand we have also committed to sponsoring the NSW Waratahs once again in the upcoming Super Rugby season and we wish them all the best.
According to Pricefinder and consistent with our own perception and analysis, Castle Hill, Kellyville and Baulkham Hills all recorded the lowest number of transactions in over 20 years which is quite remarkable. What is even more remarkable is that these three suburbs recorded the highest volume of $1,000,000 plus sales for 2016. It is clear that house prices significant increase in value is being realised and when we add in Cherrybrook which also features on the list below, it certainly appears that the North West Rail Link has had a significant impact on these prices along with a shortage of stock.
These are both exciting and interesting days within our market place and we look forward to keeping you informed as the year unfolds.
While none of us have a crystal ball it will be interesting to see if the volume of sales pick up and if so, what impact that may have on prices.
Philip Kelly and David Dowling Directors | Ray White Castle Hill
Suburb
State
Number of sales over $1M
Castle Hill
NSW
237
Kellyville
NSW
207
Baulkham Hills
NSW
200
Glen Waverley
VIC
181
Mount Waverley
VIC
166
St Ives
NSW
157
Bentleigh East
VIC
153
Doncaster East
VIC
141
Cherrybrook
NSW
132
Ryde
NSW
130
Source: The Australian December 2016
last 12 months (2016) lastlast 12 months 12 months (2016) (2016) Based on 79 recorded House sales within the Based Based on 79 onrecorded 79 recorded House House sales sales within within the the last 12 months (2016) Based on a months rolling 12 month period and may differ last last 1212 12 months (2016) (2016) Based Based on a on rolling a rolling month 12 month period period and may and may differdiffer from calendar year statistics fromfrom calendar calendar year year statistics statistics Based on a rolling 12 month period and may differ Based Based on a on rolling a rolling 12 month 12 month period period andstatistics may and may differdiffer from calendar year fromfrom calendar calendar year year statistics statistics
Previous Median Price: $1,359,000 Previous Previous Median Median Price: Price: $1,359,000 $1,359,000 Current Median Price: $1,495,000 Current Current Median Median Price: Price: $1,495,000 $1,495,000 Previous Median Price: $1,359,000 Based on Median 182 recorded House sales compared over the last two Previous Previous Median Price: Price: $1,359,000 $1,359,000
BasedBased on 182 onrecorded 182 recorded HouseHouse sales sales compared compared over the overlast thetwo last two rolling 12 month periods rollingrolling 12 month 12 month periods periods Based on 182 recorded House sales compared over the last two BasedBased on 182 onrecorded 182 recorded HouseHouse sales sales compared compared over the overlast thetwo last two rolling 12 month periods rollingrolling 12 month 12 month periods periods
recen t ly sol d propert ies
months (2016) months months (2016) (2016) Based on recorded House sales within the 12 Based Based on recorded on recorded House House sales sales within within the the 12 12 months (2016) Based on a months rolling(2016) 12 month period and may differ months (2016) Based Based on a on rolling a rolling 12 month 12 month period period and may and may differdiffer from calendar year statistics fromfrom calendar calendar year year statistics statistics Based on a rolling 12 month period and may differ Based Based on a on rolling a rolling 12 month 12 month period period andstatistics may and may differdiffer from calendar year fromfrom calendar calendar year year statistics statistics
6 MACARTHUR RIDGE WAY 6 MACARTHUR 6 MACARTHUR RIDGE RIDGE WAY WAY
97 BINGARA CRES 97 BINGARA 97 BINGARA CRES CRES
90 BINGARA CRES 90 BINGARA 90 BINGARA CRES CRES
6 MACARTHUR RIDGE WAY 6 MACARTHUR 6 MACARTHUR RIDGE RIDGE WAY WAY
97 BINGARA CRES 97 BINGARA 97 BINGARA CRES CRES
90 BINGARA CRES 90 BINGARA 90 BINGARA CRES CRES
SOLD $1,595,000
SOLD $1,595,000
SOLD $1,395,000
6 MACARTHUR RIDGE WAY bed | 2 bathROW | 4 garages 557 m² 44STANHOPE 4 STANHOPE 4 STANHOPE ROW ROW
97 BINGARA CRES 4 bed | 3 bath | 2 garages RAVENSWOOD RISE 876 m² RAVENSWOOD RAVENSWOOD RISE RISE
90 BINGARA CRES 4 bed3| 2 bath | 2 garages 701 m² THE POINTE 3 THE 3 THE POINTE POINTE
4 STANHOPE ROW 4 STANHOPE 4 STANHOPE ROW ROW
RAVENSWOOD RISE RAVENSWOOD RAVENSWOOD RISE RISE
3 THE POINTE 3 THE 3 THE POINTE POINTE
SOLD $1,820,000
SOLD $2,220,000
4 STANHOPE ROW 5 bed | 3 bath | 2 garages 733 m²
RAVENSWOOD RISE 4 bed | 3 bath | 3 garages
11 MIDDLEBROOK RISE 14beSPRINGFIELD Source: pricefinder.com.au | Properties included may or may not sold by Ray White CRES 11 MIDDLEBROOK 11 MIDDLEBROOK RISE RISE 14 SPRINGFIELD 14 SPRINGFIELD CRES CRES 11 MIDDLEBROOK RISE
$2,300,000
14 SPRINGFIELD CRES
SOLD $1,850,000 3 THE POINTE 4 bed | 2 bath | 2 garages 422 m² 7 ARABELLA PL 7 ARABELLA 7 ARABELLA PL PL $1,350,000
7 ARABELLA PL
$1,445,000
Median Sale Price
$1.5m
Suburb Growth
+10.0%
5
# Sold Properties
79
5 BARRABA 5 BARRABA 5 BARRABA PL PLPL
27 PAULA 27 27 PAULA PAULA PEARCE PEARCE PEARCE PL PLPL
3 WAINWRIGHT 3 WAINWRIGHT 3 WAINWRIGHT MEWS MEWS MEWS
5 BARRABA 5 BARRABA 5 BARRABA PL PLPL
27 PAULA 27 27 PAULA PAULA PEARCE PEARCE PEARCE PL PLPL
3 WAINWRIGHT 3 WAINWRIGHT 3 WAINWRIGHT MEWS MEWS MEWS
SOLD $1,400,000
SOLD $1,253,000
SOLD $1,790,000
5 BARRABA PL 4 bed | 3 bath | 2 garages 765 m² 1 PITTMAN 1 PITTMAN 1 PITTMAN PL PLPL
27 PAULA PEARCE PL 54bed | 2 bath | 2 garages 864 m² 10 WOODBRIDGE 10 10 WOODBRIDGE WOODBRIDGE PL PLPL
3 WAINWRIGHT MEWS 4 bed | 4 bath | 3 garages 736 m² 11 ARABELLA 11 11 ARABELLA ARABELLA PL PLPL
1 PITTMAN 1 PITTMAN 1 PITTMAN PL PLPL
10 WOODBRIDGE 10 10 WOODBRIDGE WOODBRIDGE PL PLPL
11 ARABELLA 11 11 ARABELLA ARABELLA PL PLPL
SOLD $1,800,000 1 PITTMAN PL 5 bed | 3 bath | 4 garages 923 m²
SOLD $2,825,000 10 WOODBRIDGE PL 4 bed | 5 bath | 3 garages 810 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
3 NICHOLAS 3 NICHOLAS 3 NICHOLAS CL CLCL
15 DE15VILLIERS 15 DEDE VILLIERS VILLIERS RISERISE RISE
SOLD $1,650,000 11 ARABELLA PL 5 bed | 2 bath | 2 garages 745 m² 10 MONTPELLIER 10 10 MONTPELLIER MONTPELLIER RISERISE RISE
BELL A VISTA | t op 10 house sa l es ADDRESS
SOLD DATE
LAND SIZE (m2)
PRICE
1
4
STANHOPE ROW
2/14/2017
733m2
$1,820,000
2
1
PITTMAN PL
12/6/2016
923m2
$1,800,000
3
3
WAINWRIGHT MEWS
12/12/2016
736m2
$1,790,000
4
57
PRESTIGE AVE
11/6/2016
764m2
$1,702,000
5
11
ARABELLA PL
12/4/2016
745m2
$1,650,000
6
6
MACARTHUR RIDGE WAY
3/13/2017
557m2
$1,595,000
7
97
BINGARA CRES
3/4/2017
877m2
$1,595,000
8
7
ARABELLA PL
1/23/2017
722m2
$1,445,000
9
90
BINGARA CRES
2/16/2017
701m2
$1,395,000
10
27
PAULA PEARCE PL
12/22/2016
864m2
$1,253,000
Properties included may/may not be sold by Ray White
BELL A VISTA WAT ERS | t op 10 house sa l es ADDRESS
SOLD DATE
LAND SIZE (M2)
PRICE
1
10
WOODBRIDGE PL
12/5/2016
810m2
$2,825,000
2
59
NORTHRIDGE AVE
11/17/2016
818m2
$2,580,000
3
15
DE VILLIERS RISE
12/1/2016
956m2
$2,550,000
4
11
MIDDLEBROOK RISE
2/6/2017
743m2
$2,300,000
5
14
ASHBURN CL
10/17/2016
836m2
$2,235,000
6
10
MONTPELLIER RISE
12/2/2016
1,046m2
$2,000,000
7
3
THE POINTE
2/10/2017
422m2
$1,850,000
8
3
WAINWRIGHT MEWS
12/11/2016
736m2
$1,790,000
9
4
THE POINTE
10/11/2016
456m2
$1,690,000
10
16
THE POINTE
11/4/2016
422m2
$1,600,000
Properties included may/may not be sold by Ray White
7
Urba n Design P l a n f or ne w R a il Northwest Rapid Transit has prepared an Urban Design and Corridor Landscape Plan (UDCLP) for the Sydney Metro Northwest project.
Artist impression of Castle Hill urban design and landscaping
The plan outlines the architectural and landscape design proposed for the new stations and precincts of the Sydney Metro Northwest. It describes what the new stations, services facilities and precincts from Cudgegong Road Station to the Epping Services Facility will look like when completed. The plan provides an overview of how each station and precinct will align features of the landscape and architectural design. In summary, how NRT will deliver: •
Stations (open cut, elevated and underground), that meet functional and operational requirements and embrace the character of the local community.
•
Stations that integrate with the adjacent precinct and maximise the potential to derive social cultural economic and environmental benefits for the community over the long term.
•
Landscaping at each site that is designed to benefit the local environment and community. Our focus is on landscaping that is: respectful of natural and cultural settings both local and regional - and designed to mitigate the impact of the new infrastructure, including repairing disturbed ecosystems and providing sustainable settings.
•
Functional stations and precincts designed to promote pedestrian and cyclist access and facilitate multi-modal transport integration.
medi a n house p rices
9
12
$2,200,000
11 10
$2,000,000
9 $1,800,000
8
$1,600,000
6 5
$1,400,000
4 3
$1,200,000
2 1
$1,000,000
SALE MONTH
Number of sales
Median sale price
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
JUL
JUN
MAY
APR
MAR
0
NUMBER OF SALES
MEDIAN SALE PRICE
7
unders ta nding t he marke t
RENT VS OWN OWN
PURCHASED
RENT GOV.
RENT PRIV.
36.2% 0.4%
44.4% 16.4%
POPULATION UNDER 15
19.4%
15 - 65
65+
65.8%
14.8%
YOUR T E A M David Dowling 0421 051 029
Philip Kelly 0407 000 991
Daniel Llamas 0421 908 736
Peter Iann 0488 002 222
Hilda Bandiera 9680 2255
Paul Conti 0414 981 005
Karl Anthony 0457 120 174
Aroha Gilbert 0412 067 934
Hannah Dowling 9680 2255
Kieron Stedman 0433 124 734
Odette Roach 9680 2255
Joel Simpson 0450 907 598
Jose Reyna 0414 914 127
Matthew Langdon 0431 037 478
Laura Robertson 9680 2255
Joseph Meyer 0417 675 741
Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au