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
the the lastthe last 12 last months 12 months 12 months (Apr(Apr '16(Apr -'16 Mar '16 - Mar '17) - Mar '17)'17) Based Based Based on 351 on 351 on recorded 351 recorded recorded House House House sales sales within sales within within the the last the last 12alast months 1212 months 12 months (Apr (Apr '16 (Apr '16 -period Mar '16 - Mar '17) - Mar '17) '17) Based Based onBased a on rolling on rolling a rolling month 12 month 12 period month period and may and and may differmay differdiffer
Previous Previous Previous Median Median Median Price: Price: $1,385,000 Price: $1,385,000 $1,385,000 Current Current Current Median Median Median Price: Price: $1,425,000 Price: $1,425,000 $1,425,000 Previous Previous Previous Median Median Median Price: Price: $1,385,000 Price: $1,385,000 $1,385,000
from from calendar from calendar calendar year year statistics year statistics statistics
BasedBased on 776 Based onrecorded 776 onrecorded 776House recorded House sales House sales compared sales compared compared over the over last over thetwo last thetwo last two rollingrolling 12 month rolling 12 month periods 12 month periods periods
Based Based on Based aon rolling aon rolling a12rolling month 12 month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Based Based on Based 776 on recorded 776 onrecorded 776 House recorded House sales House sales compared sales compared compared over over the last over thetwo last thetwo last two rolling rolling 12 month rolling 12 month 12 periods month periods periods
recen t ly sol d propert ies
months months months (Apr(Apr '16(Apr -'16 Mar '16 - Mar '17) - Mar '17)'17) Based Based Based on recorded on recorded on recorded House House House sales sales within sales within within the the 12 the 12 12 months months months (Apr (Apr '16 (Apr '16 -month Mar '16 - and Mar '17) - Mar '17)may '17)differdiffer Based Based onBased a on rolling aon rolling 12 a rolling month 12 month 12 period period period may and and differmay from from calendar from calendar calendar year year statistics year statistics statistics
Based Based on Based aon rolling aon rolling a12rolling month 12 month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
19 CHELSEA 19 19 CHELSEA CHELSEA RD RDRD
25 WISEMAN 25 25 WISEMAN WISEMAN RD RDRD
14 BANKS 14 14 BANKS BANKS RD RDRD
19 19 CHELSEA 19 CHELSEA CHELSEA RDRDRD
25 25 WISEMAN 25 WISEMAN WISEMAN RDRDRD
14 14 BANKS 14 BANKS BANKS RDRDRD
SOLD $1,411,000
SOLD $1,422,888
SOLD $4,800,000
19 CHELSEA RD 4 bed | 3 bath | 2 garages 488 m² 76 HARRINGTON 76 76 HARRINGTON HARRINGTON AVE AVE AVE
25 WISEMAN RD 4 bed | 3 bath | 2 garages 913 m² 4 SHARP 4 SHARP 4 SHARP CL CL CL
14 BANKS RD 5 bed | 5 bath | 3 garages 2,000 m² 3 CHURCHWOOD 3 CHURCHWOOD 3 CHURCHWOOD WAY WAY WAY
76 76 HARRINGTON 76 HARRINGTON HARRINGTON AVE AVE AVE
4 SHARP 4 SHARP 4 SHARP CLCL CL
3 CHURCHWOOD 3 CHURCHWOOD 3 CHURCHWOOD WAY WAY WAY
SOLD $980,000 76 HARRINGTON AVE 4 bed | 2 bath | 2 garages 254 m²
SOLD $1,812,000 4 SHARP CL 4 bed | 3 bath | 3 garages 923 m²
| Properties included may or may not be sold by ST Ray ST White 4 TALOFA 4 TALOFA 4Source: TALOFA PLpricefinder.com.au PL PL 19A 19A COOLONG 19A COOLONG COOLONG ST
SOLD $1,958,000 3 CHURCHWOOD WAY 5 bed | 2 bath | 3 garages 845 m² 23 CARINYAH 23 23 CARINYAH CARINYAH CRES CRES CRES
Mar Mar
Mar2017 2017 15 Days 15 Days 2017 15Mar DaysMar Mar 2017 2017 2017
Mar Mar
4,0544,054 m² m² 4,054 m² 3
2 2 2
2 2
Suburb Growth # Sold Properties 3 32 2 2 2 2
HOUSE +2.9%3 48/16-20 48/16-20 MERCER MERCER STST
15 Days 15 Days 15 Days
3 3 2
4,0544,054 m² 4,054 m² m²
48/16-20 MERCER ST 48/16-20 48/16-20 48/16-20 MERCER MERCER MERCER ST ST ST
SOLD $1,750,000 48/16-20 MERCER ST 49/12-18 49/12-18 HUME AVE 3 bed | 2HUME bath | AVE 2 garages 49/12-18 HUME AVE 49/12-18 49/12-18 49/12-18 HUME HUME HUME AVE AVEAVE
SOLD $850,000 49/12-18 HUME AVE 2 bed | 2 bath | 2 garages
351
Suburb Growth
UNIT +5.1% 4/1-5 4/1-5 MERCER MERCER STST
4/1-5 MERCER ST 4/1-5 4/1-5 MERCER 4/1-5 MERCER MERCER ST ST ST
SOLD $815,000 4/1-5 MERCER ST 27/1-7 27/1-7 HUME AVE AVE 2 bed | 2 HUME bath 27/1-7 HUME AVE| 1 garages 27/1-7 27/1-7 27/1-7 HUME HUME HUME AVE AVEAVE
SOLD $815,000 27/1-7 HUME AVE 2 bed | 2 bath | 4 garages
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
Mar2017 2017 15 Days 15 Days 2017 15Mar DaysMar Mar 2017 2017 # Sold2017 15 Properties Days 15 Days 15 Days
193 m² 193 m² 193 m² 1 193 m² 193 m² 193 m²1
131 22/19-29 22/19-29 SHERWIN SHERWIN AVE AVE 22/19-29 SHERWIN AVE 22/19-29 22/19-29 22/19-29 SHERWIN SHERWIN SHERWIN AVE AVEAVE
SOLD $900,000 22/19-29 SHERWIN AVE 10H/23-35 10H/23-35 CRANE RDRD 3 bed | 2 bath | 2CRANE garages 10H/23-35 CRANE RD 10H/23-35 10H/23-35 10H/23-35 CRANE CRANE CRANE RDRD RD
SOLD $870,000 10H/23-35 CRANE RD 3 bed | 2 bath | 4 garages
1 1 2 1
2 2 2
12 2
5
2 2
2 2
2
t op 10 house sa l es ADDRESS
SOLD DATE
LAND SIZE (m2)
1
5
GARTHOWEN CRES
2/3/2017
951m²
$6,200,000
2
3
GARTHOWEN CRES
2/3/2017
817m²
$5,100,000
3
14
BANKS RD
4/8/2017
2000m²
$4,800,000
4
4
TALOFA PL
4/4/2017
728.9m²
$2,170,000
5
11
LYNWOOD PL
3/3/2017
1158m²
$2,100,000
6
17
BALINTORE DR
3/4/2017
1038m²
$2,060,000
7
54
GEORGE MOBBS DR
1/13/2017
702m²
$1,998,000
8
3
CHURCHWOOD WAY
4/6/2017
845m²
$1,958,000
9
35
LOCKHART AVE
3/7/2017
929.5m²
$1,900,000
10
19
BELVEDERE AVE
3/11/2017
933.3m²
$1,860,000
Properties included may/may not be sold by Ray White
PRICE
t op 10 uni t sa l es
7
ADDRESS
SOLD DATE
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
32/2
PURSER AVE
3/19/2017
$1,097,500
7
14/52
KERRS RD
3/20/2017
$1,010,600
8
13/79
CRANE RD
2/13/2017
$1,000,000
9
4/49
CECIL AVE
3/10/2017
$955,000
10
7/342
OLD NORTHERN RD
2/10/2017
$940,000
Properties included may/may not be sold by Ray White
PRICE
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
60 55 50
$1,450,000
45 40
$1,400,000
30
$1,350,000
25 20
$1,300,000
15 10
$1,250,000
5 0
SALE MONTH
Number of sales
Median sale price
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
JUL
JUN
MAY
APR
$1,200,000
NUMBER OF SALES
MEDIAN SALE PRICE
35
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