Glenhaven Market Report Winter 2017
Ray White Castle Hill is the proud sponsor of
Welcome 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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Recently sold houses 43 43 43CARINDA CARINDA CARINDADR DR DR 43 43CARINDA CARINDADR DR 43 CARINDA DR
32 32 32FULLERS FULLERS FULLERSRD RD RD 32 32FULLERS FULLERSRD RD 32 FULLERS RD
$1,506,100 43 CARINDA DR 4 bed | 2 bath | 3 garages 902 m²
27 27 27GRANGE GRANGE GRANGERD RD RD 27 27GRANGE GRANGERD RD 27 GRANGE RD
$1,621,000 32 FULLERS RD 4 bed | 2 bath | 2 garages 951 m²
111SANDHURST SANDHURST SANDHURSTRD RD RD 111SANDHURST SANDHURSTRD RD SANDHURST RD
$1,450,000 27 GRANGE RD 5 bed | 3 bath | 2 garages 1,041 m²
34 34 34OLD OLD OLDGLENHAVEN GLENHAVEN GLENHAVENRD RD RD 34 34OLD OLDGLENHAVEN GLENHAVENRD RD 34 OLD GLENHAVEN RD
$1,385,000 34 OLD GLENHAVEN RD 4 bed | 2 bath | 2 garages 913 m² 999CARNARVON CARNARVON CARNARVONAVE AVE AVE 999CARNARVON CARNARVONAVE AVE CARNARVON AVE
$1,675,000 1 SANDHURST RD 4 bed | 3 bath | 2 garages 1,003 m²
666WOODBURN WOODBURN WOODBURNPL PL PL 777LUSS LUSS LUSSCRT CRT CRT Source: pricefinder.com.au be sold by Ray White 66 6WOODBURN WOODBURN PL PL | Properties included may or may 777not LUSS LUSS CRT CRT WOODBURN PL LUSS CRT
$3,250,000 9 CARNARVON AVE 7 bed | 5 bath | 3 garages 1,974 m² 60A 60A 60AGLENHAVEN GLENHAVEN GLENHAVENRD RD RD 60A 60AGLENHAVEN GLENHAVENRD RD 60A GLENHAVEN RD
Median Sale Price
$1.59m
Suburb Growth
+6.6%
6 WOODBURN PL 6 6WOODBURN WOODBURNPL PL 66 WOODBURN WOODBURN PL PL
# Sold Properties
70
7 LUSS CRT 7 7LUSS LUSSCRT CRT 77 LUSS LUSS CRT CRT
$1,572,000 6 WOODBURN PL
9 PL | 2 garages 920 m² 4 FINLEY bed | 2 bath 9 9FINLEY FINLEYPL PL 99 FINLEY FINLEY PL PL
$1,920,000 7 LUSS CRT TOMINTOUL 420bed | 3 bath | 2WAY garages 989 m²
2020TOMINTOUL TOMINTOULWAY WAY 20 20 TOMINTOUL TOMINTOUL WAY WAY
$1,500,000 9 FINLEY PL 3 bed | 2 bath | 2 garages 905 m²
60A GLENHAVEN RD 60A 60AGLENHAVEN GLENHAVENRD RD 60A 60A GLENHAVEN GLENHAVEN RD RD
$1,630,000 20 TOMINTOUL WAY 5 bed | 4 bath | 3 garages 881 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
$1,190,000 60A GLENHAVEN RD FINGAL AVE 3 4bed | 2 bath | 1 garages 441 m² 4 4FINGAL FINGALAVE AVE 44 FINGAL FINGAL AVE AVE
$1,916,000 4 FINGAL AVE 5 bed | 3 bath | 3 garages 1,054 m² 5
Top 20 house sales Address
Sold date
Land size (m2)
Price
1
13
GLENHAVEN RD
28/02/2017
20080m2
$5,450,000
2
3
MILLS RD
24/06/2017
22000m2
$4,625,000
3
9
CARNARVON AVE
27/04/2017
1974m2
$3,250,000
4
9
SANDHURST CRES
11/02/2017
1010m2
$2,175,000
5
57
FINGAL AVE
10/03/2017
4009m2
$2,125,000
6
3
BLAXLAND PL
03/06/2017
4007m2
$2,110,000
7
61
CARINDA DR
04/03/2017
1304m2
$2,061,000
8
7
LUSS CRT
07/04/2017
988.8m2
$1,920,000
9
4
FINGAL AVE
11/03/2017
1054m2
$1,916,000
10
26
OLD GLENHAVEN RD
06/06/2017
719.6m2
$1,875,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size (m2)
Price
11
56
GRANGE RD
25/02/2017
2000m2
$1,840,000
12
22
CAIRNGORM AVE
19/02/2017
820m2
$1,830,000
13
7
FARMRIDGE WAY
21/02/2017
1856m2
$1,771,000
14
15
BADENOCH AVE
05/02/2017
921.9m2
$1,705,000
15
60
GRANGE RD
03/05/2017
1003m2
$1,675,000
16
60
GILBERT RD
01/07/2017
983.3m2
$1,640,000
17
20
TOMINTOUL WAY
17/03/2017
881m2
$1,630,000
18
32
FULLERS RD
20/05/2017
950.8m2
$1,621,000
19
66
FINGAL AVE
02/03/2017
1001m2
$1,606,100
20
90
GRANGE RD
27/05/2017
875m2
$1,585,000
Properties included may/may not be sold by Ray White
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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. 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
$1,000,000
3 JUN
6
MAY
$1,200,000
APR
9
MAR
$1,400,000
FEB
12
JAN 2017
$1,600,000
DEC
15
NOV
$1,800,000
OCT
18
SEP
$2,000,000
AUG
21
JUL
$2,200,000
NUMBER OF SALES
MEDIAN SALE PRICE
Median house prices
SALE MONTH
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%
Population UNDER 15
19.4%
15 - 65
65+
65.8%
14.8%
Your team
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
Jose Reyna 0414 914 127
Matthew Langdon 0431 037 478
Margarete Kwarcinski 9680 2255
Joseph Meyer 0417 675 741
Karl Anthony 0457 120 174
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au