Glenhaven Market Report Spring 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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Based on 75 recorded House sales within the last 12 months (Financial Year 2017) Based on 75 recorded House sales within the Based Based onon 75 75 recorded recorded House House sales sales within within the the last 12 months (Financial Year 2017) the last last 1212 months months (Financial (Financial Year 2017) 2017) Based on 75 recorded HouseYear sales within last on 12 amonths 2017) Based rolling 12(Financial month periodYear and may differ
Current Median Price: $1,572,000 Current Median Price: $1,572,000 Current Current Median Median Price: Price: $1,572,000 $1,572,000 Previous Median Price: $1,490,000 CurrentMedian Median Price: $1,572,000 Previous Previous Median Price: Price: $1,490,000 $1,490,000 Previous Median Price: $1,490,000 Previous Median Price: $1,490,000 Based on 149 recorded House sales compared over the last two
Recently sold houses calendar year statistics Based on rolling 12 month period and may differ Based Based onon a rolling aafrom rolling 1212 month month period period and and may may differ differ from calendar year statistics calendar calendar year year statistics statistics Based onfrom afrom rolling 12 month period and may differ from calendar year statistics
6 ADAM PL ADAM PL 6 66 ADAM ADAM PL PL 6 ADAM PL
rolling 12 month periods Based Based onon on 149 149 recorded recorded House House sales sales compared compared over over thethe the last last two two Based Based on 149 149 recorded recorded House House sales sales compared compared over over the last last two two rolling rolling 12 12 month month periods periods rolling rolling 1212 month month periods periods Based on 149 recorded House sales compared over the last two rolling 12 month periods
1B FULLERS RD 1B FULLERS RD 1B 1B FULLERS FULLERS RD RD 1B FULLERS RD
$2,150,000 6 ADAM PL 43 bed | 3 RD bath | 6 garages 4,006 m² MILLS
MILLS RD 3 33 MILLS MILLS RD RD 3 MILLS RD
60 GILBERT RD 60 GILBERT RD 6060 GILBERT GILBERT RD RD 60 GILBERT RD
1B FULLERS RD 434 bed | 5 bath |AVE 2 garages 700 m² LINKSLEY
34 LINKSLEY AVE 3434 LINKSLEY LINKSLEY AVE AVE 34 LINKSLEY AVE
$1,640,000 60 GILBERT RD 7 bed | 4 bath | 2 garages 26 OLD GLENHAVEN RD 983 m² 26 OLD GLENHAVEN RD 2626 OLD OLD GLENHAVEN GLENHAVEN RD RD 26 OLD GLENHAVEN RD
$1,375,000 34 LINKSLEY AVE 4 bed | 3 bath | 3 garages 635 m²
3 BLAXLAND PL BLAXLAND PL 3Source: 33 BLAXLAND BLAXLAND PL PL pricefinder.com.au | Properties included may or may not be sold by Ray White $2,110,000 3 BLAXLAND PL $2,110,000 $2,110,000 $2,110,000
calendar year statistics Based on rolling 12 month period and may differ Based Based onon a rolling aafrom rolling 1212 month month period period and and may may differ differ from calendar year statistics calendar calendar year year statistics statistics Based onfrom afrom rolling 12 month period and may differ from calendar year statistics
$2,200,000
$4,625,000 3 MILLS RD 6 bed | 3 bath | 4 garages 2.2 ha
Based on recorded House sales within the 12 months (Financial Year 2017) Based on recorded House sales within the 12 Based Based onon recorded recorded House House sales sales within within the the 1212 months (Financial Year 2017) months (Financial (Financial Year 2017) 2017) Based months on recorded HouseYear sales within the 12 (Financial Year and 2017) Basedmonths on a rolling 12 month period may differ
$1,875,000 26 OLD GLENHAVEN RD 7 bed | 3 bath | 2 garages 720 m² 53 GLENHAVEN RD 53 GLENHAVEN RD 5353 GLENHAVEN GLENHAVEN RD RD 53 GLENHAVEN RD
$1,215,000 $1,215,000 $1,215,000 $1,215,000
Median Sale Price
$1.57m
90 GRANGE RD 90 GRANGE RD 90 GRANGE RD 90 90 90 GRANGE GRANGE GRANGE RD RD RD
Suburb Growth
+5.5%
# Sold Properties
75
23 WOODBURN PL 23 WOODBURN PL 23 WOODBURN PL 23 23 23 WOODBURN WOODBURN WOODBURN PL PL PL
$1,585,000 90 GRANGE RD
32 FULLERS RD 5 bed | 3 bath | 3 garages 875 m² 32 FULLERS RD 32 FULLERS RD 32 32 32 FULLERS FULLERS FULLERS RD RD RD
$1,365,000 23 WOODBURN PL
24 DOHERTY AVE 4 bed | 2 bath | 2 garages 998 m² 24 DOHERTY AVE 24 DOHERTY AVE 24 24 24 DOHERTY DOHERTY DOHERTY AVE AVE AVE
$1,621,000 32 FULLERS RD
43 CARINDA DR 43 CARINDA DR 43 CARINDA DR 43 43 43 CARINDA CARINDA CARINDA DR DR DR
43 CARINDA DR 27 GRANGE RD 4 bed | 2 bath | 3 garages 902 m² 27 GRANGE RD 27 GRANGE RD 27 27 27 GRANGE GRANGE GRANGE RD RD RD
$1,715,000 24 DOHERTY AVE
34 OLD| 2 GLENHAVEN RD 918 m² SANDHURST RD 4 bed bath | 2 garages 41 bed | 2 bath | 2 garages 940 m² 34 OLD GLENHAVEN RD 1 SANDHURST RD 34 OLD GLENHAVEN RD 1 SANDHURST RD Source: pricefinder.com.au |RD Properties included may or may be sold by Ray White $1,385,000 $1,675,000 34 34 34 OLD OLD OLD GLENHAVEN GLENHAVEN GLENHAVEN RD RD 11SANDHURST 1not SANDHURST SANDHURST RD RD RD $1,385,000 $1,385,000 $1,385,000 $1,385,000 $1,385,000
$1,506,100
$1,675,000 $1,675,000 $1,675,000 $1,675,000 $1,675,000
$1,450,000 27 GRANGE RD CARNARVON 59bed | 3 bath | 2 AVE garages 1,041 m² 9 CARNARVON AVE 9 CARNARVON AVE 99CARNARVON 9CARNARVON CARNARVON AVE AVE AVE
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$3,250,000 $3,250,000 $3,250,000 $3,250,000 $3,250,000 $3,250,000
Top 20 house sales Address
Sold date
Land size
Price
1
13
GLENHAVEN RD
28 /2/2017
20080m2
$5,450,000
2
3
MILLS RD
24/6/2017
22000m2
$4,625,000
3
9
CARNARVON AVE
27/4/2017
1974m2
$3,250,000
4
1
FULLERS RD
8/7/2017
700.2m2
$2,200,000
5
9
SANDHURST CRES
11/2/2017
1010m2
$2,175,000
6
6
ADAM PL
12/7/2017
4006m2
$2,150,000
7
57
FINGAL AVE
10/3/2017
4009m2
$2,125,000
8
3
BLAXLAND PL
3/6/2017
4007m2
$2,110,000
9
61
CARINDA DR
4/3/2017
1304m2
$2,061,000
10
7
LUSS CRT
7/4/2017
988.8m2
$1,920,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
11
4
FINGAL AVE
11/3/2017
1054m2
$1,916,000
12
26
OLD GLENHAVEN RD
6/6/2017
719.6m2
$1,875,000
13
56
GRANGE RD
25/2/2017
2000m2
$1,840,000
14
22
CAIRNGORM AVE
19/2/2017
820m2
$1,830,000
15
7
FARMRIDGE WAY
21/2/2017
1856m2
$1,771,000
16
24
DOHERTY AVE
5/13/2017
939.9m2
$1,715,000
17
15
BADENOCH AVE
5/2/2017
921.9m2
$1,705,000
18
60
GRANGE RD
3/5/2017
1003m2
$1,675,000
19
60
GILBERT RD
1/7/2017
983.3m2
$1,640,000
20
20
TOMINTOUL WAY
17/3/2017
881m2
$1,630,000
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 JUL
6
JUN
$1,200,000
MAY
9
APR
$1,400,000
MAR
12
FEB
$1,600,000
JAN 2017
15
DEC
$1,800,000
NOV
18
OCT
$2,000,000
SEP
21
AUG
$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
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