Castle Hill Market Report Winter 2018
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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
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Recently sold properties
20 20 ORLEANS ORLEANS WAY WAY 20 ORLEANS WAY 20 20 ORLEANS 20 ORLEANS ORLEANS WAY WAY WAY
27 27 PEVENSEY PEVENSEY ST ST 27 PEVENSEY ST 27 27 PEVENSEY 27 PEVENSEY PEVENSEY ST ST ST
$1,225,000 20 ORLEANS WAY 4 FRANCIS bed | 2 ST bath 26 26 FRANCIS ST| 2 garages 484 m² 26 FRANCIS ST 26 26 FRANCIS 26 FRANCIS FRANCIS ST ST ST
$1,400,000 27 PEVENSEY ST 4 bed | 2 bathCRES | 2CRES garages 600 m² 16 16 CHILTERN CHILTERN 16 CHILTERN CRES 16 16 CHILTERN 16 CHILTERN CHILTERN CRES CRES CRES
$1,052,000 26 FRANCIS ST 3 bed | 1 bath | 2 garages 409 m²
$1,550,000 16 CHILTERN CRES 5 bed | 2 bath | 2 garages 942 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
28 28 GALAHAD GALAHAD CRES CRES 28 GALAHAD CRES 28 28 GALAHAD 28 GALAHAD GALAHAD CRES CRES CRES
$1,535,000 28 GALAHAD CRES 4 bed 2 bath 2 garages 968 m² 8 DAVID 8| DAVID RD|RD 8 DAVID RD 8 DAVID 8 DAVID 8 DAVID RDRDRD
$1,725,000 8 DAVID RD 5 bed | 3 bath | 4 garages 795 m² 47 47 ROXBOROUGH ROXBOROUGH PARK PARK RDRD 47 ROXBOROUGH PARK RD 47 47 ROXBOROUGH 47 ROXBOROUGH ROXBOROUGH PARK PARK PARK RDRDRD
$1,030,000 $1,030,000
last 12 months (Financial Year 2018) lastlast 12 last months (Financial Year 2018) 12 months 12 months (Financial (Financial Year Year 2018) 2018)
Previous Median Price: $891,000 Previous Median Price: $891,000 Previous Previous Median Median Price: Price: $891,000 $891,000
months (Financial Year 2018) months (Financial Year 2018) months months (Financial (Financial Year Year 2018) 2018)
Based on a rolling 12 month period and may differ Based on afrom rolling month and mayand differ Based Based on aon rolling a12rolling 12year month 12period month period period and may may differdiffer calendar statistics fromfrom calendar yearyear statistics from calendar calendar year statistics statistics
Based on 256 recorded Unit sales compared over the last two Based Based on Based Based 256 onrecorded 256 onrolling recorded 256 Unit recorded sales Unit sales sales Unit compared sales compared compared over over over the last over thetwo last thetwo two last two two Based on 256 on recorded 256 recorded Unit Unit sales compared compared over the last the last 12 month periods rollingrolling 12 month rolling 12 12 periods month periods periods rolling rolling 12 month month 12 month periods periods
Based on a rolling 12 month period and may differ Based on afrom rolling month and mayand differ Based Based on aon rolling a12rolling 12year month 12period month period period and may may differdiffer calendar statistics fromfrom calendar yearyear statistics from calendar calendar year statistics statistics
Suburb Growth
HOUSE +3.2%
9/8-14 MERCER ST 9/8-14 MERCER ST ST ST 9/8-14 9/8-14 MERCER MERCER
# Sold Properties
319
UNIT -1.2%
4/3 ELABANA CRES 4/34/3 ELABANA CRES 4/3 ELABANA ELABANA CRES CRES
$825,000 9/8-14 MERCER ST
Suburb Growth
$995,000 19/57 - 63 CECIL AVE 3 bed | 2 bath | 2 garages
$796,000 801/12 PENNANT ST 2 bed | 2 bath | 2 garages 4/11 HARRINGTON AVE 4/11 HARRINGTON AVE 4/11 4/11 HARRINGTON HARRINGTON AVE AVE
$847,000 39/16 - 20 MERCER ST 2 bed | 2 bath | 2 garages
$915,000 4/11 HARRINGTON AVE 3 bed | 2 bath | 2 garages 5
15/2 - 6Source: SHERWIN AVE 14/2 8 SUSAN pricefinder.com.au | Properties included may or may-not be sold byPDE Ray White 15/2 - 15/2 6 -SHERWIN AVE 14/2 - 14/2 8 -SUSAN PDE 15/2 6 -SHERWIN 6 SHERWIN AVE AVE 14/2 8 -SUSAN 8 SUSAN PDE PDE $785,000
104
801/12 PENNANT ST 801/12 PENNANT ST ST ST 801/12 801/12 PENNANT PENNANT
$935,000 4/3 ELABANA CRES 3 bed 2 bath | 1ST garages 39/16 - 20 |MERCER 39/16 - 20- 20 MERCER ST ST ST 39/16 39/16 - 20 MERCER MERCER
| 2 bath 19/57 - 2 63bed CECIL AVE| 2 garages 19/57 - 63- 63 CECIL AVE 19/57 19/57 - 63 CECIL CECIL AVE AVE
# Sold Properties
$1,080,000
Top 10 house sales Address
Sold date
Land size
Price
1
17
BRAE PL
18/4/2018
910.8m²
$3,000,000
2
15
MIDDLETON AVE
16/4/2018
947.5m²
$2,735,000
3
19
BRAE PL
5/4/2018
940.6m²
$2,550,000
4
1
LANARK CRT
15/5/2018
771.5m²
$2,450,000
5
53
CASTLE ST
6/4/2018
806.8m²
$2,400,000
6
55
CASTLE ST
6/4/2018
806.8m²
$2,400,000
7
24
BRAE PL
15/6/2018
1194m²
$2,380,000
8
8
SPRINGTHORPE WAY
3/4/2018
718.4m²
$2,200,000
9
41
BALINTORE DR
14/4/2018
919.8m²
$2,150,000
10
22
HUME AVE
2/5/2018
695.6m²
$2,100,000
Properties included may/may not be sold by Ray White
Top 10 unit sales Address
Sold date
Price
1
26/11
GARTHOWEN CRES
11/4/2018
$1,250,000
2
2/2
HIGHCLERE PL
4/5/2018
$1,213,000
3
5/4
CRANE RD
8/4/2018
$1,150,000
4
1/3
CHILDREY PL
4/4/2018
$1,120,000
5
2/23
HIGHCLERE PL
18/4/2018
$1,083,000
6
14/2
SUSAN PDE
11/5/2018
$1,080,000
7
20/22
PENNANT ST
23/4/2018
$1,050,000
8
34/22
PENNANT ST
23/4/2018
$1,050,000
9
9/20
PENNANT ST
17/4/2018
$1,010,000
10
19/57
CECIL AVE
30/5/2018
$995,000
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 60
$1,600,000
55 50
$1,500,000
45 40
$1,450,000
35 30
$1,400,000
20
$1,350,000
15 10
$1,300,000
5 0 JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
AUG
JULY
$1,250,000
NUMBER OF SALES
MEDIAN SALE PRICE
25
SALE MONTH
Number of sales
Median sale price
9
Recent Activity Sales by Price - Last 12 months House 0-$200k
Unit 1
0%
1
1
0%
1
$300k-$400k
Last 12 months 491 sales
$400k-$500k
2
1
3
1%
$500k-$600k
1
3
4
1%
$600k-$700k
2
6
8
2%
20
20
$700k-$800k
4%
$800k-$900k
1
28
29
6%
$900k-$1M
8
25
33
6%
$1M-$1.25
50
22
72
$1.25M-$1.5M
90
4
94
20%
$1.5M-$1.75M
94
94
20%
$1.75M-$2M
53
$2M-$2.5M
27
27
$2.5M-$3M
7
7
>$3M
20
20
1
$1.25M-$1.5M
14%
12%
54 6% 1% 4%
94 sales $1.5M-$1.75M 94 sales
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