Bella Vista & Bella Vista Waters Market Report Spring 2017
Welcome 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
Recently sold properties
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
A
20
from calendar year statistics
rolling 12 month periods
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
Median Sale Price
$1.6m
6 JARDINE TCE
Suburb Growth
+14.3%
# Sold Properties
31 D
69 10 ORANGERY PL
6 JARDINE TCE 3 PLOVER GLEN 9 BRIGHTON DR
12 CROWN TCE
10 ORANGERY PL 9 BRIGHTON DR 12 CLOVERHILL GR 13 ARABELLA PL
12 CROWN TCE ARABELLA PL 21 13 ROWANBRAE CRES 7 RICHARDSON PL 1 LOMBARD PL
L 19 1NO $1,610,000
$1,610,000
$1,200,000
Apr
$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
$2,050,000 9 BRIGHTON DR, BELLA VISTA WATERS 1 BRAEBURN CRES 5 bed | 4 bath | 3 garages 700 m² 1 BRAEBURN CRES 62 NORTHRIDGE AVE 21 ROWANBRAE CRES
2017
Mar 736 m² 5 3 2 $2,350,000 2017 129 Days 2 4 ROWANBRAE 4 2 21 CRES, BELLA VISTA WATERS FLAGSTONE GR 5 bed | 4 bath | 3 garages 638 m² 4 FLAGSTONE 19 NORTHRIDGE AVEGR 51 KIMBERLEY CRT 23 BRIGHTON DR
Apr $2,350,000 2017 31 Days 736 m² 5 3 CLOVERHILL GR, BELLA VISTA WATERS 4 12 MOUNT BANK RISE 5 bed | 3 bath | 3 garages 844 m² 4 MOUNT BANK 21 ROWANBRAE CRESRISE 2 WOODBRIDGE PL 19 NORTHRIDGE AVE
$2,230,000
31 Days
$1,550,000
2
23
$682,500 $2,810,000
Prepared on 01/08/2017 by Ray White Castle Hill, 02 4226 9000
$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
$2,800,000 May 2017 1 BRAEBURN679CRES, BELLA VISTA WATERS 33 Days m² 4 2 3 5 bed | 4 bath | 6 garages 709 m² 9 BRIGHTON DR $682,500
$2,670,000 May 2017 419MOUNT BANK RISE, BELLA VISTA WATERS Days 755 m² 1 1 5 bed | 3 bath | 3 garages 70 m² 13 ARABELLA PL
Source: pricefinder.com.au be sold by Ray White 9 BRIGHTON DR | Properties included may or may not13 ARABELLA PL
$2,050,000
$2,050,000
The materials provided are distributed as an information source only. © The S under licence from the Department of Finance and Services, Land and Proper third party data sources. Ownership information derived from Non-Governmen reliability, completeness or suitability of the data for any particular purpose and $2,335,000 damages (including indirect or consequential damage) and costs which might May Mar Property Sales Information provider of the Department of Finance and Service 2017 BELLA VISTA WATERS 19 NORTHRIDGE AVE, N/A 2017 702 m² 3 2 20 Days 700 m² m² 6 5 1bed | 3 bath | 3 garages 750 LOMBARD PL
$1,610,000 $1,610,000
1 LOMBARD PL
2 5
3
5
$1,200,000
$1,200,000
Bella Vista | Top 10 house sales
Bella Vista Waters | Top 10 house sales
Address
Sold date
Land size
Price
Address
Sold date
Land size
Price
1
4
FLAGSTONE GR
8/4/2017
700m2
$1,815,000
1
95
EDGEWATER DR
2/8/2017
774m2
$3,335,000
2
12
CROWN TCE
22/4/2017
730m2
$1,800,000
2
23
BRIGHTON DR
27/3/2017
700m2
$2,810,000
3
10
ORANGERY PL
26/4/2017
708m2
$1,750,000
3
1
BRAEBURN CRES
21/4/2017
709m2
$2,800,000
4
7
RICHARDSON PL
5/6/2017
824m2
$1,736,000
4
4
MOUNT BANK RISE
19/4/2017
70m2
$2,670,000
5
129
CHAPEL LANE
5/8/2017
701m2
$1,734,000
5
12
CLOVERHILL GR
5/6/2017
844m2
$2,350,000
6
15
BELLA VISTA DR
17/7/2017
743m2
$1,700,000
6
21
ROWANBRAE CRES
29/3/2017
638m2
$2,350,000
7
13
ARABELLA PL
3/4/2017
736m2
$1,610,000
7
3
SPRINGDALE RISE
23/2/2017
734m2
$2,350,000
8
25
SPRINGFIELD CRES
4/3/2017
700m2
$1,600,000
8
19
NORTHRIDGE AVE
28/3/2017
750m2
$2,335,000
9
97
BINGARA CRES
4/3/2017
877m2
$1,595,000
9
62
NORTHRIDGE AVE
31/5/2017
679m2
$2,230,000
10
13
STOCK FARM AVE
21/3/2017
757m2
$1,520,000
10
1
RAVENSWOOD RISE
14/2/2017
715m2
$2,220,000
Properties included may/may not be sold by Ray White
Properties included may/may not be sold by Ray White
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Median house prices
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.
$2,200,000
The redevelopment will increase the size Castle Towers by up to 80,000sqm and increase parking capacity to more than 8000 vehicles.
$2,000,000
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$1,800,000
$1,600,000
6 5
$1,400,000
4 3
$1,200,000
2 1
$1,000,000 JULY
JUN
MAY
APR
MAR
FEB
DEC
SALE MONTH
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
JAN 2017
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.
NOV
OCT
0 AUG
MEDIAN SALE PRICE
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.
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Its redevelopment will only enhance that role, with an updated cinema complex, dining and retail areas, as well as creating an estimated 2373 jobs.
Castle Towers is also expected to be designed to allow through pedestrian access at all times.
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Castle Towers already acts as the gravitational centre of the Castle Hill CBD, providing a significant retail, entertainment and employment hub for the region.
The plaza to be built around the new metro station will be designed with pedestrian flow to and from Castle Towers in mind.
12
SEP
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.”
NUMBER OF SALES
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.
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%
Your team
Population UNDER 15
19.4%
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
Matthew Langdon 0431 037 478
Margarete Kwarcinski 9680 2255
Joseph Meyer 0417 675 741
Karl Anthony 0457 120 174
15 - 65
65+
65.8%
14.8%
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au