Castle hill 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
Based on 424 recorded House sales within the the last last 12 12months months (2016) (2016) Based Based on on 424 424 recorded recorded House House sales saleswithin within the last 12 months (2016) Based on 424 recorded House sales within themonths last last12 12months months(2016) (2016) the last the 12 (2016)
Current CurrentPrice: Median Median Price: Price: $1,413,000 Previous Median Median Price: Price:$1,413,000 $1,360,000 $1,360,000 CurrentPrevious Median $1,413,000 Previous Median Price: $1,360,000 Previous Previous Median Median Price: Price: $1,360,000 $1,360,000 Previous Median Price: $1,360,000
Based on recorded House sales within the 12 months months (2016) (2016) Based Based on on recorded recorded House House sales sales within within the12 12 months (2016) Based on recorded House sales within the 12 the months(2016) (2016) months months (2016)
on on aamonth rolling rolling12 12month month period and andmay maydiffer differ Based on Based aBased rolling 12 period andperiod may differ from from calendar calendar year yearperiod statistics statistics on on aa rolling rolling 12 12 month month and andmay maydiffer differ from calendar year statistics Based on Based aBased rolling 12 month period andperiod may differ from fromyear calendar calendar year yearstatistics statistics from calendar statistics
Based Based on on875 875 recorded recorded House sales sales compared compared over thelast lasttwo two Based on 875 recorded House salesHouse compared over the lastover two the rolling rolling 12 12month month periods periods rolling 12 month periods Based Based on on 875 875 recorded recorded House sales sales compared compared over thelast lasttwo two Based on 875 recorded House salesHouse compared over the lastover two the rolling rolling 12 12month monthperiods periods rolling 12 month periods
on on aamonth rolling rolling12 12month month period and andmay maydiffer differ Based on Based aBased rolling 12 period andperiod may differ from from calendar calendar year yearperiod statistics statistics on on aa rolling rolling 12 12 month month and andmay maydiffer differ from calendar year statistics Based on Based aBased rolling 12 month period andperiod may differ from fromyear calendar calendar year yearstatistics statistics from calendar statistics
recen t ly sol d propert ies
88 COOMALIE COOMALIE AVE 8 COOMALIE AVE AVE 88 COOMALIE COOMALIE AVE 8 COOMALIE AVE AVE
SOLD $1,617,000 8 COOMALIE AVE 4 bed | 3 bath | 2 garages 750 m² 19 19 BELVEDERE BELVEDERE AVE 19 BELVEDERE AVE AVE 19 19 BELVEDERE BELVEDERE AVE 19 BELVEDERE AVE AVE
SOLD $1,860,000 19 BELVEDERE AVE 5 bed | 3 bath | 2 garages 933 m²
18 18 PEVENSEY PEVENSEY ST ST 18 PEVENSEY ST 18 18 PEVENSEY PEVENSEY ST ST 18 PEVENSEY ST
SOLD $1,232,000 18 PEVENSEY ST 4 bed | 3 bath | 2 garages 648 m² 37 37 ELABANA ELABANA CRES 37 ELABANA CRES CRES 37 37 ELABANA ELABANA CRES 37 ELABANA CRES CRES
SOLD $1,650,100 37 ELABANA CRES 4 bed | 3 bath | 2 garages 813 m²
pricefinder.com.au | Properties included may or may not sold by Ray White 55Source: HILLTOP HILLTOP CRT 35 35beLOCKHART LOCKHART AVE 5 HILLTOP CRT CRT 35 LOCKHART AVE AVE 5 5 HILLTOP HILLTOP CRT CRT 35 35 LOCKHART LOCKHART AVE 5 HILLTOP CRT 35 LOCKHART AVE AVE
20 20 PEVENSEY PEVENSEY ST ST 20 PEVENSEY ST 20 20 PEVENSEY PEVENSEY ST ST 20 PEVENSEY ST
SOLD $1,500,000 20 PEVENSEY ST 4 bed | 2 bath | 2 garages 522 m² 77 SETTLERS SETTLERS CL CL 7 SETTLERS CL 77 SETTLERS SETTLERS CL CL 7 SETTLERS CL
SOLD $1,830,000 7 SETTLERS CL 4 bed | 3 bath | 3 garages 1,025 m² 66 BOWMAN BOWMAN AVE 6 BOWMAN AVE AVE 66 BOWMAN BOWMAN AVE 6 BOWMAN AVE AVE
Current Current Median Current Median Price: Median Price: $838,500 Price: $838,500 $838,500 Previous Previous Previous Median Median Price: Median Price: $800,000 Price: $800,000 $800,000
BasedBased onBased 146 onrecorded 146 on 146 recorded recorded Unit sales UnitUnit sales within sales within the within the the last 12 last months last 12 months 12 (2016) months (2016) (2016)
BasedBased onBased recorded on recorded on recorded Unit sales UnitUnit sales within sales within the within 12the the 12 12 months months (2016) months (2016) (2016)
Suburb Growth Suburb Growth # may Sold Properties # Based Based on aBased rolling on aon rolling 12amonth rolling 12 month period 12 month period andperiod may anddiffer and may differdiffer Based on Based 308Based recorded on 308 on recorded 308 Unitrecorded sales Unit compared sales Unit sales compared over compared theover last over two the last thetwo last two rolling 12 rolling month rolling 12periods month 12 month periods periods from calendar fromfrom calendar year calendar statistics yearyear statistics statistics
HOUSE +3.9%
424
4/33-35 4/33-35 4/33-35 GARTHOWEN GARTHOWEN GARTHOWEN CRES CRES CRES
UNIT +4.8%
16/2-4 16/2-4 PURSER PURSER AVE AVE 16/2-4 PURSER AVE
146
48/16-20 48/16-20 MERCER MERCER ST ST 48/16-20 MERCER ST
$820,000 $820,000 4/49-55 4/49-55 4/49-55 CECIL CECIL AVE CECIL AVE AVE $820,000
SOLD $932,500 Mar Mar
2017 2017 15 Days 2017 15 Days 15 Days
4/1-5 MERCER ST 2 bed | 2 bath | 1 garages
$1,750,000 $1,750,000 $1,750,000
SOLD $955,000 Mar Mar
Mar
SOLD $815,000
from calendar fromfrom calendar year calendar statistics yearyear statistics statistics
11/193-195 11/193-195 11/193-195 OLD OLD NORTHERN OLD NORTHERN NORTHERN RD RDRD
SOLD $1,220,000 4/33-35 GARTHOWEN CRES 3 MERCER bedMERCER | 2 bath 2 garages 4/1-5 4/1-5 ST|ST 4/1-5 MERCER ST
5 Sold Properties Based Based on aBased rolling on aon rolling 12amonth rolling 12 month period 12 month period andperiod may anddiffer and maymay differdiffer
193 m² 193 m² 193 m²
1
1 1 2
2 2 2
2017 2017 2 2 2017 N/A N/A Mar N/A
547 m² 547 m² 547 m²
3
11/193-195 OLD NORTHERN RD 3 bed | 2SHERWIN bath | 2 garages 22/19-29 22/19-29 SHERWIN AVE AVE 22/19-29 SHERWIN AVE
4/49-55 CECIL AVE 3 bed | 2 bath |HUME 2 garages 54/12-18 54/12-18 HUME AVE AVE 54/12-18 HUME AVE
16/2-4 16/2-4 PURSER 16/2-4 PURSER PURSER AVE AVE AVE
48/16-20 48/16-20 48/16-20 MERCER MERCER MERCER ST ST ST
SOLD $900,000
$820,000 $820,000 $820,000
Mar Mar Mar 22/19-29 SHERWIN AVE 20172017 2017 15 Days 15 Days 15|Days 3 bed 2 bath193| m² 2 193 garages m² 193 1 m² 1 21
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
2 22
SOLD $835,000
Mar Mar Mar 54/12-18 HUME AVE 20172017 2017 N/A N/A N/A 3 bed | 2 bath | 2547garages m² 547 m² 547 3 m² 2 2
3 3 2
2 2 2
2 2
$1,750,000 $1,750,000 $1,750,000
3 23
2 22
2 2
t op 10 house sa l es ADDRESS
SOLD DATE
LAND SIZE (m2)
PRICE
1
11
LYNWOOD PL
3/3/2017
1158m2
$2,100,000
2
17
BALINTORE DR
3/4/2017
1038m2
$2,060,000
3
54
GEORGE MOBBS DR
1/13/2017
702m2
$1,998,000
4
35
LOCKHART AVE
3/7/2017
930m2
$1,900,000
5
19
BELVEDERE AVE
3/11/2017
933m2
$1,860,000
6
53
ULUNDRI DR
2/18/2017
1125m2
$1,846,000
7
7
SETTLERS CL
3/10/2017
1025m2
$1,830,000
8
8
BROSNAN PL
3/2/2017
600m2
$1,800,000
9
12
MORONEY AVE
2/23/2017
700m2
$1,800,000
10
6
YINNELL PL
2/24/2017
702m2
$1,750,000
Properties included may/may not be sold by Ray White
t op 10 uni t sa l es
7
ADDRESS
SOLD DATE
PRICE
1
37/1
MERCER ST
1/7/2017
$1,760,000
2
48/16
MERCER ST
3/3/2017
$1,750,000
3
1/18
PARSONAGE RD
2/11/2017
$1,255,000
4
8/27
CHURCH ST
2/7/2017
$1,250,000
5
4/33
GARTHOWEN CRES
3/17/2017
$1,220,000
6
13/79
CRANE RD
2/13/2017
$1,000,000
7
4/49
CECIL AVE
3/10/2017
$955,000
8
11/193
OLD NORTHERN RD
3/14/2017
$932,500
9
22/19
SHERWIN AVE
2/28/2017
$900,000
10
7631
SHERWIN AVE
1/9/2017
$882,000
Properties included may/may not be sold by Ray White
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
$1,500,000
80 75
$1,450,000
70 65
$1,400,000
60
$1,350,000
50 45
$1,300,000
40 35
$1,250,000
30 25
$1,200,000
SALE MONTH
Number of sales
Median sale price
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
JUL
JUN
MAY
APR
MAR
20
NUMBER OF SALES
MEDIAN SALE PRICE
55
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