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
3
Aug
Aug 2017 Aug 2017 42 Days Aug 42 DaysAug 2017 42Aug Days 2017 20172017 42 Days 42 Days 42 Days
Aug
892 m² 892 m²
5
5
892 m²
892 m² 892 m² 5 892 m²
5
2 2 5 2 2 5
2 2 2 2 2 2
20 FIRST FARM DR 20 FIRST FARMFARM DR DR 20 FIRST 20 20 FIRST FIRST FARM FARM DRDR DR 20 FIRST FARM
Aug 2017 Aug 20172017 23 Days Aug Aug 23 Days 23Aug Days 2 2017 20172017 23 Days 23 Days
2
23 Days
996 m² 5 996 m² 996 m² 996 m² 996 m² 5 996 m²
5 5
3 3 5 3 3 5
46A KINGS RD 46A KINGS RD RD 46A KINGS 46A 46A KINGS KINGS RDRD RD 46A KINGS
$1,738,000 20 FIRST FARM DR 11 CASTLEWOOD DR 4 bed | 2 bath | 2 garages 947 m² 11 CASTLEWOOD DR 11 CASTLEWOOD DR 11 11 CASTLEWOOD CASTLEWOOD DRDR DR 11 CASTLEWOOD
11 CASTLEWOOD DR 5 bed | 3 bath | 2 garages 922 m²
46A KINGS RD 72 OLD CASTLE HILL RD 3 bed | 2 bath | 3 garages 386 m² 72 OLD CASTLE HILL RD 72 OLD CASTLE HILL RD 72 72 OLD OLD CASTLE HILL HILL RD RD RD 72CASTLE OLD CASTLE HILL
$1,780,000 72 OLD CASTLE HILL RD 5 bed | 3 bath | 2 garages 912 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
2 2
31 DAPHNE AVE 31 31 DAPHNE AVE DAPHNE AVE 31 31 DAPHNE DAPHNE AVE AVEAVE 31 DAPHNE
$948,000
$1,827,000
2 2 3 2 2 3
$1,450,000 31 DAPHNE AVE 2 BROSNAN PL 5 bed | 3 bath | 2 garages 892 m² 2 BROSNAN PL 2 BROSNAN PL 2 BROSNAN 2 BROSNAN PL PL PL 2 BROSNAN
$1,910,000 2 BROSNAN PL 5 bed | 3 bath | 2 garages 678 m²
902/12 PENNANT ST SERC ANABALE 3/3 51/31 -39 SHERWIN AVE
17/7 HARRINGTON AVE DR ENARC 53-32/711 117/23-35 CRANE RD
51/31 51/31 -39 51/31 -39 SHERWIN -39 SHERWIN SHERWIN AVE AVE AVE
117/23-35 117/23-35 117/23-35 CRANE CRANE CRANE RD RDRD
$1,080,000
Jun
2017 24 Days
$812,000
EVA NIWREHS 93- 13/15 3/3 ELABANA CRES 3/3 3/3 ELABANA 3/3 ELABANA ELABANA CRES CRES CRES
Jun
3
2
2
2017 413 Days
172 m²
$692,000
51/31 -39 SHERWIN AVE 1 bed | 1 bath | 2 garages 35/22-26 MERCER ST
3
2
$965,000
2
117/23-35 CRANE RD 1/51 PARSONAGE 3 bed | 2 bath | 3RD garages EVA RESRUP 4-2/45 54/2-4 PURSER AVE
35/22-26 35/22-26 35/22-26 MERCER MERCER MERCER ST ST ST
54/2-4 54/2-4 54/2-4 PURSER PURSER PURSER AVE AVE AVE
$950,000 3/3 ELABANA CRES MERCER ST TS RECREM 62-22/53 324/22-26 bed | 2 bath | 1 garages
$1,055,000
Jun
$655,000 35/22-26 MERCER ST 1 bed | 2 bath | 1 garages
2017 31 Days
2,526 m²
3$1,040,000 2 2
54/2-4 PURSER AVE 3 bed | 2 bath | 2 garages
$870,000 24/22-26 MERCER ST 2 bed | 2 bath | 2 garages TS TNANNEP 215 /209
EVA Source: pricefinder.com.au | Properties included may or may not be sold by Ray White 902/12 PENNANT ST
NOTGNIRRAH 7/71 17/7 HARRINGTON AVE
000,218$
000,080,1$
Address
Sold date
Land size
Price
1
152
OLD CASTLE HILL RD
24/6/2017
4,000m2
$3,500,000
2
22
BRAE PL
20/5/2017
739.3m2
$2,600,000
3
51
BALINTORE DR
1/5/2017
763.6m2
$2,575,000
4
20
DARCEY RD
21/5/2017
702.2m2
$2,475,008
5
92
GOORAWAY DR
23/6/2017
1125m2
$2,400,000
6
6
YINNELL PL
22/5/2017
702.4m2
$2,400,000
7
27
LYGON PL
26/5/2017
737m2
$2,398,888
8
25
WILLS AVE
22/5/2017
1514.5m2
$2,320,000
9
42
WHITE CEDAR DR
27/5/2017
985.7m2
$2,250,000
10
55
OLD CASTLE HILL RD
13/5/2017
636.6m2
$2,220,000
Properties included may/may not be sold by Ray White
Address
Sold date
Price
1
7/16
MERCER ST
2/5/2017
$1,600,000
2
7/52
PARSONAGE RD
3/5/2017
$1,180,000
3
8/35
PARSONAGE RD
13/5/2017
$1,122,000
4
6/21
DAN CRES
9/8/2017
$1,082,000
5
902/12
PENNANT ST
17/6/2017
$1,080,000
6
1/51
PARSONAGE RD
9/6/2017
$1,055,000
7
7/10
GLADSTONE RD
13/6/2017
$1,050,000
8
54/2
PURSER AVE
21/6/2017
$1,040,000
9
7/11
HARRINGTON AVE
20/5/2017
$1,035,000
10
2/193
OLD NORTHERN RD
3/5/2017
$972,000
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
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 AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
$1,250,000
NUMBER OF SALES
MEDIAN SALE PRICE
25
SALE MONTH
Number of sales
Median sale price
9
House
Unit 1
0%
0-$200k
1
$300k-$400k
1
2
3
0%
$400k-$500k
1
2
3
0%
$500k-$600k
1
1
$600k-$700k
3
8
11
$700k-$800k
1
25
26
47
47
$800k-$900k
0% 2% 4% 8%
$900k-$1M
13
40
53
$1M-$1.25
43
31
74
$1.25M-$1.5M
131
4
135
22%
$1.5M-$1.75M
140
2
142
23%
$1.75M-$2M
76
1
77
$2M-$2.5M
29
1
30
$2.5M-$3M
9
>$3M
7
1
9% 12%
12% 5%
9
1%
8
1%
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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