Bella Vista & Bella Vista Waters Market Report Winter 2017
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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Based Based onBased 62 on recorded 62 on recorded 62 recorded House House sales House sales within within sales thewithin the the lastlast 12 months 12last months 12(Financial months (Financial (Financial Year Year 2017) 2017) Year 2017)
Current Current Median Current Median Price: Median Price: $1,600,000 Price: $1,600,000 $1,600,000 Previous Previous Previous Median Median Price: Median Price: $1,400,000 Price: $1,400,000 $1,400,000
Recently sold properties
Based Based on aon Based rolling a rolling on 12 a month 12 rolling month period 12 period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
Based Based on 153 onBased recorded 153 recorded on House 153 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rollingrolling 12 month 12rolling month periods 12 periods month periods
2 WOODBRIDGE 2 WOODBRIDGE PL PL
2 WOODBRIDGE PL 17 17 BINGARA BINGARA 17 BINGARA CRES CRESCRES
Based Based onBased recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months months (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017)
$1,550,000 $1,550,000 62 62 NORTHRIDGE NORTHRIDGE 62 NORTHRIDGE AVE AVE AVE
Based Based on aon Based rolling a rolling on 12 a month 12 rolling month period 12 period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
10 ORANGERY 10 ORANGERY PL PL 10 ORANGERY PL 7 RICHARDSON 7 RICHARDSON 7 RICHARDSON PL PL PL
$1,750,000 $1,750,000
$1,550,000
$1,750,000
May May
2017 2017 19 Days 19 Days
May
2017 19 Days
755 m² 755 m²
1 755 m²
1
1
1
-
-
$1,223,000 1
17 BINGARA CRES 12 CROWN 12 CROWN 4 bedTCE | 2TCE bath | 2 garages 703 m²
1
Apr
Apr
N/A
N/A
2017 2017 -
62 NORTHRIDGE AVE 1 BRAEBURN 14BRAEBURN CRES CRES bed | 2 bath | 3 garages 679 m²
12 CROWN TCE 2 WOODBRIDGE 2 WOODBRIDGE 2 WOODBRIDGE PL PL PL
1 BRAEBURN CRES
Apr
2017
$2,230,000
N/A
12 CROWN TCE 2017 2017 2017 19 Days 19 Days 19 Days 755 m² 755 7551m² 1 1 1 1m²- 1 5 bed | 3 bath | 2m²garages 730
3
3
708 m²
5
2
2 3
2
4 FLAGSTONE GR 10 10 ORANGERY ORANGERY 10 ORANGERY PL PL PL
$2,800,000 -
5
$1,750,000 $1,750,000 $1,750,000
$1,800,000 May
5
$2,800,000
1 BRAEBURN CRES 44FLAGSTONE 4 FLAGSTONE GR bed | 2 bath | GR 3 garages 679 m²
$1,550,000 $1,550,000 $1,550,000
May May
708 m² 708 m²
1 BRAEBURN CRES 5 bed | 4 bath | 6 garages 709 m²
$1,815,000 Apr
Apr
Apr
4 2017 FLAGSTONE 2017 2017 GR N/A N/A N/A m² 708 m² 708 5m² 5m² 3 5 3 5 bed | 3 bath | 3 708 garages 700
2 32
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
12 12 CROWN CROWN TCE TCEby TCE 17 BRAEBURN 12200 BRAEBURN 1atBRAEBURN CRES CRES CRES 4 FLAGSTONE 4Solutions FLAGSTONE 4 FLAGSTONE GR Prepared Prepared on12 04/07/2017 onCROWN 04/07/2017 Ray by Ray White White Castle Castle Hill,Hill, +61+61 7 3231 3231 2200 Ray at Ray White White Corporate Corporate Default. Default. © Property © Property Data Data Solutions PtyGR Pty LtdGR Ltd 2017 2017 (pricefinder.com.au) (pricefinder.com.au)
2
Apr
Apr
2017 Apr Apr2017 Apr 18 Days 31 Days 700 m² 5 4 3 2017 2017 2017 2017 Apr Apr 18 Days 18 Days Days 31 Days 700 m² 700 5m² 45 3 4 3 31Apr 2017 2017 Apr Apr Apr 18 Days 31 m² 5 4 # Sold 32017 2017 2017 2017 Days Growth Properties Median Sale Price 700Suburb Apr
$1.6m
18 Days 18 Days
700 m² 700 m²
5 4 4 3 +14.3%
5
21 ROWANBRAE CRES 21 ROWANBRAE 21 ROWANBRAE CRES CRES 21 ROWANBRAE CRES 21 ROWANBRAE 21 ROWANBRAE CRES CRES
3
$2,350,000 21 ROWANBRAE 63 BINGARA CRES CRES 563 bed | 4 bath |CRES 3 garages 638 m² 63 BINGARA BINGARA CRES 63 BINGARA CRES 63 BINGARA 63 BINGARA CRES CRES
$1,510,000
736 m² 736 m²
62 19 NORTHRIDGE AVE 31 Days 31 Days
736 m² 736 m²
736 5m²
5
736 m²
5
5
3 35 5 3 3
2 2 3 3 2 2
19 NORTHRIDGE 19 NORTHRIDGE AVE AVE 19 NORTHRIDGE AVE 19 NORTHRIDGE 19 NORTHRIDGE AVE AVE
$2,335,000 NORTHRIDGE AVE 1319STOCK FARM AVE 5 bed 3 bathAVE | FARM 3 garages 13 STOCK 13|FARM STOCK AVE 750 m² 13 STOCK FARM AVE 13 STOCK 13 STOCK FARM FARM AVE AVE
$1,520,000
2 2
23 BRIGHTON DR 23 BRIGHTON 23 BRIGHTON DR DR 23 BRIGHTON DR 23 BRIGHTON 23 BRIGHTON DRDR
$2,810,000 2370 BRIGHTON PRESTIGEDR AVE 6 PRESTIGE bed | 70 5 bath | 3 garages 70 PRESTIGE AVE AVE 700 m² 70 PRESTIGE AVE 70 PRESTIGE 70 PRESTIGE AVE AVE
$1,330,000
63 BINGARA CRES 13 STOCK FARM AVE 70 PRESTIGE AVE 4 bed | 2 bath | 2 garages 703 m² 4 bed | 2 bath | 2 garages 757 m² 4 bed | 3 bath | 2 garages 702 m² 97 BINGARA CRES 25 SPRINGFIELD CRES 6 MACARTHUR RIDGE WAY 5 97 BINGARA 97 BINGARA CRES CRES | Properties included may 25 SPRINGFIELD SPRINGFIELD CRES 6 MACARTHUR 6 MACARTHUR RIDGE WAY RIDGE WAY Source: pricefinder.com.au or may not25 be sold by Ray White CRES 97 BINGARA CRES 25 SPRINGFIELD CRES 6 MACARTHUR RIDGE WAY $1,595,000 $1,595,000 $1,600,000 97 BINGARA 97 BINGARA CRES CRES 25 SPRINGFIELD 25 SPRINGFIELD CRES CRES 6 MACARTHUR 6 MACARTHUR RIDGE RIDGE WAY WAY $1,595,000$1,595,000 $1,595,000 $1,595,000 $1,600,000 $1,600,000
Bella Vista | Top 10 house sales Address
Sold date
Land size (m2)
Price
1
4
STANHOPE ROW
07/02/2017
733.2m2
$1,820,000
2
4
FLAGSTONE GR
08/04/2017
700.1m2
$1,815,000
3
12
CROWN TCE
22/04/2017
729.5m2
$1,800,000
4
10
ORANGERY PL
26/04/2017
708.4m2
$1,750,000
5
7
RICHARDSON PL
05/06/2017
823.6m2
$1,736,000
6
13
ARABELLA PL
03/04/2017
736m2
$1,610,000
7
25
SPRINGFIELD CRES
04/03/2017
700m2
$1,600,000
8
97
BINGARA CRES
04/03/2017
876.5m2
$1,595,000
9
6
MACARTHUR RIDGE WAY
26/02/2017
557.1m2
$1,595,000
10
13
STOCK FARM AVE
21/03/2017
757.4m2
$1,520,000
Properties included may/may not be sold by Ray White
Bella Vista Waters | Top 10 house sales Address
Sold date
Land size (m2)
Price
1
23
BRIGHTON DR
27/03/2017
700m2
$2,810,000
2
1
BRAEBURN CRES
21/04/2017
709.2m2
$2,800,000
3
59
NORTHRIDGE AVE
17/11/2016
818m2
$2,580,000
4
15
DE VILLIERS RISE
01/12/2016
956m2
$2,550,000
5
21
ROWANBRAE CRES
29/03/2017
638m2
$2,350,000
6
3
SPRINGDALE RISE
23/02/2017
733.9m2
$2,350,000
7
19
NORTHRIDGE AVE
28/03/2017
749.8m2
$2,335,000
8
11
MIDDLEBROOK RISE
06/02/2017
743.1m2
$2,300,000
9
62
NORTHRIDGE AVE
08/06/2017
678.8m2
$2,230,000
10
1
RAVENSWOOD RISE
14/02/2017
716m2
$2,220,000
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 12
$2,200,000
11 10
$2,000,000
9 $1,800,000
8 7
$1,600,000
6
$1,400,000
4 3
$1,200,000
2 1
$1,000,000 JUN
MAY
APR
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
JUL
0
NUMBER OF SALES
MEDIAN SALE PRICE
5
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