Baulkham Hills Market Report Winter 2017
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Ray White Castle Hill is the proud sponsor of
Welcome There is certainly a lot of “noise� in our marketplace currently with talk of the bubble supposedly bursting. The truth is the rhetoric is not always accurate and it is important we consider what this means to our local residents. There is no question that some factors which are being highlighted are worthy of consideration. The market has been so strong for so long and it would not be a surprise to see a period of stability. I do believe however in the main, that if you were to read the news the market is about to crash. I cannot agree with the sentiment as the evidence does not point to this. One of the downsides to the negative press is that there can be somewhat of a placebo effect and it would be fair to say, we have had many buyers talking down the market. Our role is always to assist the vendors in getting the best possible price and so, while we may need to reallocate resources to focus more attention on a slightly smaller pool of buyers than what we saw at the peak of the market, this is something we will maintain as a priority.
year 2016/17, 61 sold for prices at or above the vendor’s expectations. A figure no other agent in our market place could come close to claiming. I share this not to brag but to assure you that if your property is in the right hands, the waters can be navigated effectively even if they become a little more challenging. We continue our support of the local community through our major sponsorship of the Castle Hill Bowling Club as well as local based charity Give & Take. We are always on the lookout to partner with groups in our community so, if you do know of any please feel free to contact us directly.
Philip Kelly and David Dowling Directors | Ray White Castle Hill
Auctions give a great indication of how a market is travelling. It is fair to say that some local agents have struggled of late with slipping success rates and on occasions cancelling auctions placing vendors interests in great danger. I am delighted to report that of the 63 on-site auctions submitted in the financial
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Jun
Jun
2017 2017 Jun 23 Days 23 Days 2017 Jun Jun Jun 23 Days 2017 2017 2017
Jun
1,024 m² 1,024 m²6
63 3 6 33
32 2 232
2
Recently sold properties
2323 Days Days
23 Days
6 1,024 1,024 m²m² 1,024 m² 66 1,024 m²
1 MARIAN 1 MARIAN CT CT 1 MARIAN CT 11MARIAN MARIAN 1 MARIAN CT CT CT
2
4 RADIATA 4 RADIATA AVE AVE 4 RADIATA AVE 44RADIATA RADIATA 4 RADIATA AVE AVE AVE
$1,471,000 1 MARIAN CT 16 PENINSULA PENINSULA WAY 416 bed | 2 bath | 2 WAY garages 16 PENINSULA WAY 16 16PENINSULA PENINSULA 16 PENINSULA WAY WAY WAY
$1,518,000 4 RADIATA AVE 2 4GEORGE 2 GEORGE PDE| 3PDE bed | 3 bath garages 750 m² 2 GEORGE PDE 22GEORGE GEORGE 2 GEORGE PDE PDE PDE
$1,550,000
$1,090,000
Jun
2017 2017 Jun 15 Days 15 Days 2017 Jun Jun Jun 15 Days 2017 2017 2017 1515 Days Days
15 Days
715 m² 715 m² 4 715 m² 715 715 m²m²
4 715 m² 44
42 2 4 22
22 2 22
2 2
2 GOODIN 2 GOODIN RD RD 2 GOODIN RD 22GOODIN GOODIN 2 GOODIN RD RD RD
$1,200,000 2 GOODIN RD MACKILLOP DR DR685 m² 3 43 bedMACKILLOP | 43 2 bath | 2 garages 43 MACKILLOP DR 43 43MACKILLOP MACKILLOP 43 MACKILLOP DR DR DR
$1,256,000
16 PENINSULA WAY 2 GEORGE PDE 43 MACKILLOP DR 4 bed | 2 bath | 2 garages 288 m² 3 bed | 1 bath | 1 garages 617 m² 3 bed | 2 bath | 2 garages 797 m² 5 KERWICK 5 KERWICK CRT CRT 1 GOODEN 1 GOODEN DR DR 19 CHARLES 19 CHARLES ST ST Source: pricefinder.com.au | Properties included may or may not be sold by Ray White 5 KERWICK CRT 1 GOODEN DR 19 CHARLES ST 55KERWICK KERWICK 5 KERWICK CRT CRT CRT 11GOODEN GOODEN 1 GOODEN DR DR DR 19 19CHARLES CHARLES 19 CHARLES ST ST ST $1,353,000 $1,353,000 $1,522,000 $1,522,000
$1,200,000 $1,200,000
2017Jun Jun 36 Days 2017 Jun2017 Jun Jun 36 Days 36 Days 2017 2017 2017
Suburb Growth /6 EDWARD ST +11.6% 9/6 EDWARD 9/6 EDWARD ST ST /69/6 EDWARD EDWARD 9/6 EDWARD ST ST ST
HOUSE
36 Days 36 Days
36 Days
2,508 m²
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2,508 m² 2,508 m² 3
2,5082,508 m² m² 2,508 3 m²3
# Sold Properties CONIE AVE 31637/17 37/17 37/17 CONIECONIE AVE AVE 37/17 37/17 CONIE 37/17 CONIE AVE CONIE AVE AVE
22 2 22
Suburb Growth
2017Jun Jun 12 Days 2017 Jun2017 Jun Jun 12 Days 12 Days 2017 2017 22017 12 Days 212 Days
12 Days
4,288 m²
37/17 CONIE AVE 8/59 -61 JENNER ST 3 bed |JENNER 2-61 bath | 2ST garages 8/59 -61 8/59 JENNER ST 8/59 8/59 -61-61 JENNER 8/59 JENNER -61 JENNER ST ST ST
4,2884,288 m² m² 4,288 3 m²3
# Sold Properties 35/5 SPURWAY DR 227 35/5 SPURWAY 35/5 SPURWAY DR DR 35/5 35/5 SPURWAY SPURWAY 35/5 SPURWAY DRDR DR
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
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2
32 2 32
22 2 22
$975,000 35/5 SPURWAY DR 9/4B CORONATION RD 2 bed | 2CORONATION bath |CORONATION 2 garagesRD RD 9/4B 9/4B 9/4B 9/4B CORONATION CORONATION 9/4B CORONATION RDRD RD
$980,000 8/59 -61 JENNER ST 3 bed | 2 bath | 2 garages
3
4,288 m² 4,288 m² 3
$947,000
$1,005,000 11/3 THE COTTELL WAY 4 bed | 2 bath | 2 garages
32 2 32
2
UNIT -4.1%
$943,000
9/6 EDWARD ST 1/3 THE COTTELL WAY 3 bed | 2COTTELL bathWAY | 2 garages 11/3 THE 11/3 COTTELL THE WAY 1/3 11/3 THE THE 11/3 COTTELL COTTELL THE COTTELL WAY WAY WAY
2
$900,000 9/4B CORONATION RD 3 bed | 2 bath | 2 garages 5
Top 10 house sales Address
Sold date
Land size (m2)
Price
1
3
KENNETH AVE
01/04/2017
1758m2
$1,730,000
2
94
KALIMNA DR
12/04/2017
697m2
$1,710,000
3
40
CANYON RD
06/05/2017
978m2
$1,623,000
4
14
KEENE ST
10/06/2017
1024m2
$1,560,000
5
39
SALAMANDER GR
27/04/2017
778m2
$1,560,000
6
16
PENINSULA WAY
31/05/2017
288m2
$1,550,000
7
1
GOODEN DR
25/05/2017
696m2
$1,522,000
8
4
RADIATA AVE
03/06/2017
750m2
$1,518,000
9
16
HILDEGARD PL
29/04/2017
741m2
$1,500,000
10
37
YATTENDEN CRES
07/04/2017
841m2
$1,500,000
Properties included may/may not be sold by Ray White
Top 10 unit sales Address
Sold date
Price
1
72/38
SOLENT CCT
10/04/2017
$1,170,000
2
11/3
THE COTTELL WAY
08/06/2017
$1,005,000
3
4/52
DOBSON CRES
03/04/2017
$1,001,000
4
5/71
RAILWAY ST
21/05/2017
$1,000,000
5
40/3
SPURWAY DR
24/04/2017
$1,000,000
6
1/2
THE COTTELL WAY
05/04/2017
$1,000,000
7
10/76
JENNER ST
09/04/2017
$990,000
8
8/59
JENNER ST
06/06/2017
$980,000
9
11/3
CHRISTOPHER ST
20/06/2017
$970,000
10
7/8
THE COTTELL WAY
22/05/2017
$960,000
Properties included may/may not be sold by Ray White
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Early work on the $900 million upgrade of Castle Towers is progressing and construction schedules are being finalised.
The Joint Regional Planning Panel approved the much awaited redevelopment plans for Castle Towers in September last year. At the time, QIC Global Real Estate managing director Steven Leigh, said: “The new Castle Towers will be as much about lifestyle, recreation, entertainment, experiential events and dining as it will be an outstanding retail destination.” The transformation of the neighbourhood surrounding the future Castle Hill Station has already begun, with a number of major developments already begun or in advanced stages of planning approval. The redevelopment will increase the size Castle Towers by up to 80,000sqm and increase parking capacity to more than 8000 vehicles. Castle Towers already acts as the gravitational centre of the Castle Hill CBD, providing a significant retail, entertainment and employment hub for the region. Its redevelopment will only enhance that role, with an updated cinema complex, dining and retail areas, as well as creating an estimated 2373 jobs. The plaza to be built around the new metro station will be designed with pedestrian flow to and from Castle Towers in mind. Castle Towers is also expected to be designed to allow through pedestrian access at all times. Using licence-plate recognition to track parking without the need for a paper ticket means vehicles will not be required to stop on entry to wait for a ticket to be issued, ensuring entry and exit from the carpark will be quick and easy. When activated, parking will be free for the first three hours. Cinema patrons will also be able to access an additional hour of free parking after validation. Parking fees will start at $5 with timed rates up to maximum daily rate of $40. Entry will be free after 6pm. Source: The Daily Telegraph - March 7, 2017 http://www.dailytelegraph.com.au/newslocal/hills-shire-times/week-2what-castle-hill-could-look-like-in-2037/news-story/be72a892e9056e4197b4b36bd920fcbc
Median house prices $1,500,000
60 55 50
$1,250,000
45 40
$2,000,000
35 $1,750,000
30
$1,500,000
20 15
$1,250,000
10 5 0 JUN
MAY
APR
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
JUL
$1,000,000
NUMBER OF SALES
MEDIAN SALE PRICE
25
SALE MONTH
Number of sales
Median sale price
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Understanding the market
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 team
Philip Kelly 0407 000 991
Daniel Llamas 0421 908 736
Peter Iann 0488 002 222
Aroha Gilbert 0412 067 934
Andy Lin 0433 433 093
Hilda Bandiera 9680 2255
Paul Conti 0414 981 005
Robbie Awad 0428 888 648
Kael Sharp 0435 821 736
Hannah Dowling 9680 2255
Brett Macartney 0431 073 780
Kieron Stedman 0433 124 734
Odette Roach 9680 2255
Joel Simpson 0450 907 598
Brittney Willmette 9680 2255
Jose Reyna 0414 914 127
Matthew Langdon 0431 037 478
Margarete Kwarcinski 9680 2255
Joseph Meyer 0417 675 741
Karl Anthony 0457 120 174
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au