Ray White Castle Hill is the proud sponsor of
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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Previous Median Price: $1,400,000 last 12 months (Financial Year 2017) months (Financial Year 2017) Current Current Median Current Median Price: Median Price: $1,600,000 Price: $1,600,000 $1,600,000 Based Based onBased 69 onBased recorded 69 recorded on recorded House House sales House sales within within sales the within thedifferthe Based onBased recorded onBased recorded on House House sales sales within within sales the within the 12 12differ the 12 on69 a rolling 12 month period and may onrecorded a rolling 12House month period and may Based on 160 recorded House sales compared over the last twoBased Previous Previous Previous Median Median Price: Median Price: $1,400,000 Price: $1,400,000 $1,400,000 rolling 12 month periods lastlast 12 months 12last months 12(Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) months months (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) from calendar year statistics from calendar year statistics Based on a rolling 12 month period and may differ Based on a rolling 12 month period and may differ Based on 160 recorded House sales compared over the last two from calendar year statistics
from calendar year statistics
rolling 12 month periods
Based Based on aon Based rolling a rolling 12 on month a12 rolling month period 12period 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 160 onBased recorded 160 recorded on House 160 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
Based Based on aon Based rolling a rolling 12 on month a12 rolling month period 12period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
3 PROVIDENCE DR 3 PROVIDENCE DR
15 BELLA VISTA DR 15 BELLA VISTA DR
17 BINGARA CRES 17 BINGARA CRES
3 PROVIDENCE 3 PROVIDENCE 3 PROVIDENCE DRDR DR
15 15 BELLA BELLA 15VISTA BELLA VISTA DR VISTA DR DR
17 17 BINGARA BINGARA 17 BINGARA CRES CRESCRES
$1,480,000
$1,700,000
$1,223,000
33PROVIDENCE DR, BELLA VISTA PLOVER GLEN 4 bed | 2 bath | 2 garages 700 m² 3 PLOVER GLEN
15 BELLA VISTA DR, BELLA 12 CLOVERHILL GR VISTA 5 bed | 3 bathGR | 2 garages 742 m² 12 CLOVERHILL
17 BINGARA CRES, BELLAPL VISTA 7 RICHARDSON bed | 2 bath | 2PL garages 703 m² 74RICHARDSON
6 JARDINE TCE 3 PLOVER 3 PLOVER 3 PLOVER GLEN GLENGLEN
10 ORANGERY PL 12 12 CLOVERHILL CLOVERHILL 12 CLOVERHILL GRGR GR
12 CROWN TCE 7 RICHARDSON 7 RICHARDSON 7 RICHARDSON PL PL PL
$1,330,000
$1,750,000
3 PLOVER GLEN, BELLA VISTA 10 ORANGERY PL, BELLA VISTA 3 bed | 2 bath | 2 garages 356 m² 5 bed | 3 bath | 2 garages 708 m² 62 NORTHRIDGE AVE 2 WOODBRIDGE PL 62 NORTHRIDGE AVE PLWhite Source: pricefinder.com.au | Properties included may 2 orWOODBRIDGE may not be sold by Ray 1 BRAEBURN CRES 62 62 NORTHRIDGE NORTHRIDGE 62 NORTHRIDGE AVE AVE AVE
$2,230,000 4 MOUNT BANK RISE 2 WOODBRIDGE 2 WOODBRIDGE 2 WOODBRIDGE PL PL PL $2,230,000
$1,736,000 7 RICHARDSON PL, BELLA VISTA 5 bed | 3 bath | 2 garages 824 m² 51 KIMBERLEY CRT 51 KIMBERLEY CRT
$1,550,000 4 FLAGSTONE GR 51 51 KIMBERLEY KIMBERLEY 51 KIMBERLEY CRT CRT CRT $1,550,000
$682,500
$682,500
Jun
2
2017 58 Days
Current Median Price: $1,600,000 Previous Median Price: $1,400,000
Based on 73 recorded House sales within the last 12 months (Financial Year 2017) 5
844 m²
3
3
6 JARDINE TCE 6 JARDINE TCE 2 WOODBRIDGE PL 3 PLOVER GLEN
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 164 recorded House sales compared over the last two rolling 12 month periods
10 ORANGERY PL 3 THORNBURY CRT 10 ORANGERY PL
BV 12 CLOVERHILL GR 4 GORE CRES BV
BVW
B
12 CROWN TCE 3 PLOVER 12GLEN CROWN TCE
$1,410,000
BV 7 RICHARDSON PL 74 EDGEWATER DR BVW$1,330,000
12 CL
12
$1,630,000
Jun
2017
$1,550,000 2 WOODBRIDGE 1 BRAEBURN CRES PL, BELLA VISTA WATERS 755 m² 1 BRAEBURN CRES 10 ORANGERY PL 62 NORTHRIDGE AVE
BV
53 Days
Jun
4
750 m²
Aug
2
2017
2
9 Days
$2,350,000
2017 78 Days m² BELLA6 3 3 CLOVERHILL GR, VISTA WATERS 4 12 MOUNT BANK 716 RISE 5 bed | 3 bath | 3 garages 844 m² 7 RICHARDSON PL 4 MOUNT BANK RISE 2 WOODBRIDGE PL $1,736,000 11 STOCK FARM AVE
BV BV
$1,750,000 $2,230,000
$1,550,000 $1,820,000
Ju
356 m²
3
2
$2,400,000
20
2
58 D
744 EDGEWATER FLAGSTONE DR, GR BELLA VISTA WATERS bed | 4 bath | 3AVE garages 703 m² 625NORTHRIDGE 4 FLAGSTONE GR
BVW 51 KIMBERLEY CRT 95 EDGEWATER DR BVW
2 WO
$682,500 $3,335,000
3P
Jun
Apr
2017
$2,800,000
May 2017 201714 Days 708 m²BELLA VISTA 5 WATERS 3 1 BRAEBURN679CRES, 33 Days m² 4 2 3 5 bed | 4 bath | 6 garages 709 m² 9 BRIGHTON DR
$2,670,000 824 m² 5 3 2 Aug 2017 4 BANK RISE, BELLA VISTA WATERS 19MOUNT Days 755 m² 2017 1 1 14 Days bed | 3 bath PL | 3 garages 5 70 m²3 2 135 ARABELLA
41 Days May
2
Source: pricefinder.com.au be sold by Ray White 9 BRIGHTON DR | Properties included may or may not13 ARABELLA PL $2,050,000 4 MOUNT BANK RISE
BVW
15 BELLA VISTA DR $2,050,000
$1,610,000
$2,230,000 May Aug 2017 62 NORTHRIDGE AVE, BELLA VISTA WATERS N/A 702 m² 2017 3 2 138 Days 4 1bed | 2 bath | 3 garages 679 774 m² 5 m² 4 LOMBARD PL 1 LOMBARD PL
10 PATRINE PL $1,610,000
5
2 3
$1,200,000
10 O
17 $1,200,000
Address
Sold date
Land size
Price
1
4
STANHOPE ROW
7/2/2017
733.2m2
$1,820,000
2
11
STOCK FARM AVE
2/8/2017
865m2
$1,820,000
3
4
FLAGSTONE GR
8/4/2017
700.1m2
$1,815,000
4
12
CROWN TCE
22/4/2017
729.5m2
$1,800,000
5
1
PITTMAN PL
6/12/2016
922.8m2
$1,800,000
6
3
WAINWRIGHT MEWS
12/12/2016
736.3m2
$1,790,000
7
10
ORANGERY PL
26/4/2017
708.4m2
$1,750,000
8
7
RICHARDSON PL
5/6/2017
823.6m2
$1,736,000
9
129
CHAPEL LANE
5/8/2017
701m2
$1,734,000
10
10
PATRINE PL
30/6/2017
700.1m2
$1,710,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
1
95
EDGEWATER DR
2/8/2017
774m2
$3,335,000
2
10
WOODBRIDGE PL
5/12/2016
810m2
$2,825,000
3
23
BRIGHTON DR
27/3/2017
700m2
$2,810,000
4
1
BRAEBURN CRES
21/4/2017
709.2m2
$2,800,000
5
4
MOUNT BANK RISE
19/4/2017
700m2
$2,670,000
6
59
NORTHRIDGE AVE
2/20/2017
812m2
$2,580,000
7
15
DE VILLIERS RISE
1/12/2016
956.4m2
$2,550,000
8
74
EDGEWATER DR
7/8/2017
703.1m2
$2,400,000
9
12
CLOVERHILL GR
5/6/2017
844.3m2
$2,350,000
10
21
ROWANBRAE CRES
29/3/2017
638m2
$2,350,000
Properties included may/may not be sold by Ray White
7
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
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 AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
0
NUMBER OF SALES
MEDIAN SALE PRICE
5
SALE MONTH
Number of sales
Median sale price
9
House $600k-$700k
Unit 1
1
$700k-$800k $900k-$1M
1%
2
2
2%
2
2
2%
$1M-$1.25
8
2
10
$1.25M-$1.5M
19
1
20
$1.5M-$1.75M
25
$1.75M-$2M
9
$2M-$2.5M
11
11
$2.5M-$3M
6
6
>$3M
1
1
88 sales 11% 23%
25 1
28% 11%
10
13% 7% 1%
25 sales
Philip Kelly 0407 000 991
Daniel Llamas 0421 908 736
Peter Iann 0488 002 222
Paul Conti 0414 981 005
Andy Lin 0433 433 093
Hilda Bandiera 9680 2255
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
Brittney Willmette 9680 2255
Matthew Langdon 0431 037 478
Margarete Kwarcinski 9680 2255
Joseph Meyer 0417 675 741
Karl Anthony 0457 120 174
Joel Simpson 0450 907 598
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