Bella Vista & Bella Vista Waters Market Report Winter 2018
Ray White Castle Hill is the proud sponsor of
Welcome 2018 has certainly been an interesting year not only in the real estate market, but markets across the board including Australian stocks, banking and the lending industries. Whilst this has provided numerous headlines across our state and national media and no doubt, interesting debates across the dinner table, more locally however, we have seen our real estate market most decidedly enter into a new phase- a phase that we refer to as a “normal” market. This begs the question “what is a normal market”? Property owners in Sydney over the past few years have seen their homes increase substantially in value – some areas even by double. The Hills has experienced an approx. 20% increase in property values since the commencement of the North West Rail Link. This increase was further fuelled by record low interest rates, robust foreign investment, easy to obtain finance, a strong economy and buyer demand, thus leading to a housing boom where it would be common to sell after the first open home and Auction clearance rates at all-time highs.
The shift to a more normal market has been gradual since early 2017 and one that was led by the Government changes to rules relating to foreign investment and ownership (announced in the 2017/2018 Budget), the closing in of supply and demand and more recently, much tighter lending conditions. Despite all this, the Hills District remains in high demand! Days on market has definitely increased, Auction clearance rates have shifted and the gap between buyer and seller expectation is occasionally askew, however good results are still being achieved by our Sales Executives. Our team’s ability to adapt and implement changes to meet the current environment has been critical for the success of our clients…..and the results show. Latest figures indicate that Ray White Castle Hill has the highest market share in the area – doubling since this time last year, our days on market are on average are the lowest compared to other agencies and positive testimonials flood in daily.
It’s these testimonials and feedback that continue to drive our team to work even harder for our clients and help validate why we all love working in this industry. We see it more than just a transaction. We view real estate as the matchmaking of a property to a buyer, helping dreams become realities, being a partner in creating wealth for clients and assisting those entering into a new chapter of life, be it: first time home buyer, investor, downsizer, retiree or the growing family, etc. Should we be able to assist you with your property needs, please don’t hesitate to contact your team of local Sales Executives at Ray White Castle Hill. We look forward to assisting you soon!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
3
Recently sold properties
23 23 ROWANBRAE 23 ROWANBRAE ROWANBRAE CRE, CRE, B CRE, VBWATERS VBWATERS V WATERS
65 65 BRIGHTON 65 BRIGHTON BRIGHTON DR,DR, B DR, VBWATERS VBWATERS V WATERS
12 12 BIMBADGEN 12 BIMBADGEN BIMBADGEN P, B P,VB P, WATERS VBWATERS V WATERS
23 ROWANBRAE 23 ROWANBRAE CRE, B CRE, V WATERS B V WATERS
1865 RAVENSWOOD 65 BRIGHTON BRIGHTON DR, B DR, V RISE WATERS B V BVWaters WATERS
12 BIMBADGEN BIMBADGEN P, B VP, WATERS BBV V WATERS 412 RESTON GRANGE
$1,850,000 23 ROWANBRAE CRE, BVWaters
$2,300,000 18 RAVENSWOOD RISE, BVWaters
$2,750,000 12 BIMBADGEN PL, BVWaters
5VILLIERS | 3 bath | B3RIS, garages 638 m² 3 DE 3 DE 3bed DE VILLIERS VILLIERS RIS, RIS, V BWATERS VBWATERS V WATERS
5 bed | 4 bath CCT, | 3 CCT, garages 730 m² 30 30 BRIDGEVIEW 30 BRIDGEVIEW BRIDGEVIEW B CCT, VBWATERS VBWATERS V WATERS
5 bed | 4STONYBROOK bath | 3 garages m²WATERS 19 19 STONYBROOK 19 STONYBROOK TCE, TCE, B TCE, VB701 WATERS VBWATERS V
3 DE VILLIERS 3 DE VILLIERS RIS, BRIS, V WATERS B V WATERS
30 BRIDGEVIEW 30 BRIDGEVIEW CCT, B CCT, V WATERS B V WATERS
19 STONYBROOK 19 STONYBROOK TCE, B TCE, V WATERS B V WATERS
$2,750,000 3 DE VILLIERS RIS, BVWaters 5 bed | 3 bath | 4 garages 800 m²
$3,450,000 30 BRIDGEVIEW CCT, BVWaters 5 bed | 5 bath | 3 garages 753 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$2,721,000 19 STONYBROOK TCE, BVWaters 5 bed | 4 bath | 3 garages 759 m²
Previous Median Price: $1,530,000
last 12 months (Apr '17 - Mar '18) Apr
96 Days
Based on 147 recorded House sales compared over the last two 6 SPRINGFIELD CRES BV rolling 12 month periods
Based on a rolling 12 month period and may differ
WESTWOOD WAYfrom BV calendar year statistics 2018
Median Sale 224 m²Price 3 Suburb 2 Growth 2
$1.72m
+7.5%
15 WESTWOOD WAY BV WESTWOOD WAY BV 13 NICHOLAS CL, BELLA VISTA
# Sold Properties
52
6 SPRINGFIELD CRES BV 6 SPRINGFIELD CRES BV
10 WARDINGTON RISE, BELLA VISTA
$1,540,000 15 WESTWOOD WAY, BV NICHOLAS BELLA662 VISTA 513 bed | 2 bath | CL, 2 garages m²
Based on a rolling 12 month period and may differ from calendar year statistics
7 SPRINGFIELD CRES BV
7 SPRINGFIELD CRES BV
7 CRES, SPRINGFIELD CRES 70 BINGARA BELLA VISTA
$1,345,000 6 SPRINGFIELD CRES, BV
19 BELLA VISTA DR BVBELLA 10 WARDINGTON RISE,836 5 bed | 2 bath | 2 garages m² VISTA
18 RAVENSWOOD RISE BVWaters
19 BELLA VISTA DR BV 19 BELLA VISTA DR BV
$1,560,000 13 NICHOLAS CL, BV 4 bed | 2 bath | 2 garages 728 m²
months (Apr '17 - Mar '18)
$1,540,000 19 BELLA VISTA DR, BV 4 bed | 2 bath | 2 garages 801 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$1,263,000 70 BINGARA CRES BV 4 RESTON BVVISTA CRES,GRA BELLA 4 bed70| 2BINGARA bath | 2 garages 700 m² 4 RESTON GRANGE BV
4 RESTON GRA BV 4 RESTON GRA BV
$1,501,000 4 RESTON GRANGE, BV 4 bed | 3 bath | 2 garages 737 m² 5
Bella Vista Waters | recent sales Address
Sold date
Land size
Price
21
BRIDGEVIEW CCT
5/6/2018
670m2
$2,610,000
4
WOODBRIDGE PLACE
11/5/2018
720m2
$2,508,000
30
BRIDGEVIEW CCT
27/4/2018
662m2
$3,450,000
17
WATERSTONE CRES
23/4/2018
224m2
$1,230,000
23
ROWANBRAE CRES
16/4/2018
638m2
$1,850,000
Properties included may/may not be sold by Ray White
Bella Vista | recent sales Address
Sold date
Land size
Price
39
SKYLARK CCT
15/6/2018
319m²
$1,340,000
48
FRANCESCO CRES
12/6/2018
1172m2
$1,620,000
7
WOODWARD TCE
5/6/2018
800.6m²
$1,525,000
6
SPRINGFIELD CRES
11/5/2018
836.4m²
$1,345,000
15
WESTWOOD WAY
27/4/2018
662m2
$1,540,000
Properties included may/may not be sold by Ray White
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How to keep warm this winter What can you do to stay warm at home? By Ines Gruber Source: https://www.choice.com.au/home-and-living/heating/home-heating/ articles/how-to-keep-warm-this-australian-winter-170915
If you want to feel warm at home long term and also save money you need a plan that goes beyond beanies and ugg boots. Here are some practical solutions to beat the winter chill: Insulate: It is the best way to keep the heat in winter in and in summer out. Average households with ceiling wall and under floor insulation can save around $450 per year on energy bills. Seal up gaps and cracks: If you add up all the cracks and gaps in an average home, it would be the equivalent of having a 1 metre by 1.5 metre window open all the time. They can account for up to 15-20% of heat loss. Seal windows and use curtains: That will not only help you to keep warm in winter, but cool in summer. Up to 40% of our heating energy can be lost through the windows. Look for possible draught culprits: Not only windows, but doors can be an issue. If you’re just heating one room or living area, close its doors and windows to keep in the heat. A simple door snake or a rolled up towel can also help stop any draughts, especially in older houses where the doors might have larger gaps at floor level.
Cover the floor with rugs: They act as insulation between your feet and the cold, hard floor. Reverse ceiling fans: Most models have a reverse switch. It turns the blades anti-clockwise and pushes the warm air from your heating system from the ceiling (remember, warm air rises) back down. Maintain your heaters: Get them serviced professionally every few years to keep them running more efficiently; gas heaters in particular should be well-maintained to ensure safe operation. Close up any rooms you don’t use and turn off the heating there.
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 2018
DEC
NOV
OCT
SEP
AUG
JULY
0
NUMBER OF SALES
MEDIAN SALE PRICE
5
SALE MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Last 12 months House $400k-$500k
Unit
1
1
1%
Last 12 months
1%
77 sales
$800k-$900k
1
1
$900k-$1M
3
3
2
4
$1M-$1.25
2
$1.25M-$1.5M
15
15
$1.5M-$1.75M
17
17
$1.75M-$2M
9
9
$2M-$2.5M
13
13
$2.5M-$3M
6
6
>$3M
3
3
4% 5% 19% 22%
17 sales
12% 17% 8% 4%
$1.5M-$1.75M
Your team
Philip Kelly 0407 000 991
Daniel Llamas 0421 908 736
Odette Roach 9680 2255
Kael Sharp 0435 821 736
Karl Anthony 0457 120 174
Margarete Kwarcinski 9680 2255
Sylvester Wijaya 02 9680 2255
Hannah Dowling 9680 2255
Kieron Stedman 0433 124 734
Matthew Langdon 0431 037 478
Paul Conti 0414 981 005
Robbie Awad 0428 888 648
Hilda Bandiera 9680 2255
Yong Park 0402 486 424
Phil Haq 0452 054 290
Stella Zhang 0452 557 858
Joel Simpson 0450 907 598
Peter Iann 0488 002 222
Brendan Wein 0431 618 086
Tony Yee 02 9680 2255
Warren Tam 0412 067 934
Joseph Meyer 0417 675 741
David Xiao 0433 009 018
Kimberley Hatchett 9680 2255
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au