Glenwood 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
3
the last the 12last months 12 months (Financial (Financial Year 2017) Year 2017) Based on 141 recorded House sales within Based Based onBased 141 on 141 recorded on recorded 141 recorded House House sales House sales within within sales within the last 12 months (Financial Year 2017) the the lastlast 12the months 12 last months 12rolling (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) Based on Based a rolling on a12 month 12period monthand period mayand differ may differ from calendar from calendar year statistics year statistics Based on a rolling 12 month period and may differ 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 from calendar year statistics fromfrom calendar calendar from year calendar year statistics statistics year statistics
Previous Previous Median Median Price: Price: $904,500 $904,500 Current Median Price: $975,000 Current Current Median Current Median Price: Median Price: $975,000 Price: $975,000 $975,000 Previous Median Price: $904,500 Previous Previous Previous Median Median Price: Median Price: $904,500 Price: $904,500 $904,500
months months (Financial (Financial Year 2017) Year 2017) Based on recorded House sales within the 12 Based Based onBased recorded on recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months (Financial Year 2017) months months (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) Based on Based a rolling on a12 rolling month 12period monthand period mayand differ may differ Based onBased 329 recorded on 329 recorded House sales House compared sales compared over the last overtwo the last two rolling 12rolling month12 periods month periods
Recently sold properties
Based on 329 recorded House sales compared over the last two Based Based on 329 onBased recorded 329 recorded on House 329 House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling 12recorded month periods rolling rolling 12 month 12rolling month periods 12 periods month periods
from calendar from calendar year statistics year statistics Based on a rolling 12 month period and may differ 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 from calendar year statistics fromfrom calendar calendar from year calendar year statistics statistics year statistics
6 DENMAN 6 DENMAN CRT CRT
12 KIDMAN 12 KIDMAN ST ST
27 WANAARING 27 WANAARING TCE TCE
6 CRT 6 DENMAN DENMAN 6 DENMAN 6 DENMAN CRT CRT CRT
12 KIDMAN ST 12 12 KIDMAN KIDMAN 12 KIDMAN ST ST ST
27 WANAARING TCE 27 27 WANAARING WANAARING 27 WANAARING TCE TCE TCE
$1,015,000 6 DENMAN CRT 414 bed | 2TCE bathTCE | 2 garages 552 m² 14 BAARTZ BAARTZ 14 BAARTZ TCE 14 14 BAARTZ BAARTZ 14 BAARTZ TCE TCE TCE
$1,012,000 12 KIDMAN ST bed 2 bathRD | 2 garages 496 m² 575 MALVERN 57| MALVERN RD
14 BAARTZ TCE 5 bed | 2 bath | 2 garages 627 m²
19 CHIANTI CRT 19 19 CHIANTI CHIANTI 19 CHIANTI CRT CRT CRT
$1,071,000 57 MALVERN RD 5 bed | 2 bath | 2 garages 384 m²
24 SUMMIT 24 SUMMIT CRT CRT 9 MANDARIN WAY Source: pricefinder.com.au | Properties included may or may not9beMANDARIN sold by WAY Ray White 24 SUMMIT CRT 24 24 SUMMIT SUMMIT 24 SUMMIT CRT CRT CRT
27 WANAARING TCE 3 19 bedCHIANTI | 19 2 bath | 2 garages CHIANTI CRT CRT 372 m²
57 MALVERN RD 57 57 MALVERN MALVERN 57 MALVERN RDRD RD
$1,360,000
$1,020,000
9 MANDARIN WAY
9 MANDARIN 9 MANDARIN 9 MANDARIN WAY WAY WAY $1,117,000 $1,117,000
$1,175,000 19 CHIANTI CRT 6 bed | 3 bath | 2 garages 475 m² 9 WANAARING 9 WANAARING TCE TCE 9 WANAARING TCE
9 WANAARING 9 WANAARING 9 WANAARING TCE TCE TCE $870,000 $870,000
$950,000 $950,000
Median Sale Price
$975k 22 ADRIAN ST
Suburb Growth
# Sold Properties
+7.8%
141
22 ADRIAN ST 22 ADRIAN ST 22 22 ADRIAN ADRIAN 22 ADRIAN ST ST ST
4 SILKYOAK CL
18 BLYTHE AVE
4 SILKYOAK CL 4 SILKYOAK CL 4 SILKYOAK 4 SILKYOAK 4 SILKYOAK CLCL CL
18 BLYTHE AVE 18 BLYTHE AVE 18 18 BLYTHE BLYTHE 18 BLYTHE AVE AVE AVE
$870,000 22 ADRIAN ST 7 APPLEBOX AVE 3 bed | 2 bath | 1 garages 361 m² 7 APPLEBOX AVE 7 APPLEBOX AVE 7 APPLEBOX 7 APPLEBOX 7 APPLEBOX AVE AVE AVE
$1,206,000 4 SILKYOAK CL 22 KINGSMERE DR 4 bed | 2 bath | 2 garages 542 m² 22 KINGSMERE DR 22 KINGSMERE DR 22 22 KINGSMERE KINGSMERE 22 KINGSMERE DRDR DR
$1,150,000 7 APPLEBOX AVE 4 bed | 2 bath | 2 garages 555 m² 9 BLUEBERRY GR
$1,225,000 22 KINGSMERE DR 4 bed | 2 bath | 2 garages 543 m² 6 ADRIAN ST
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
9 BLUEBERRY GR 9 BLUEBERRY GR 9 BLUEBERRY 9 BLUEBERRY 9 BLUEBERRY GRGR GR
6 ADRIAN ST $950,000 6 ADRIAN ST 6 ADRIAN 6 ADRIAN 6 ADRIAN ST ST ST
$915,000 18 BLYTHE AVE 8 LAURINA WAY 3 bed | 2 bath | 2 garages 473 m² 8 LAURINA WAY 8 LAURINA WAY 8 LAURINA 8 LAURINA 8 LAURINA WAY WAY WAY
$1,133,800 8 LAURINA WAY 4 bed | 2 bath | 2 garages 594 m² 24 THOMPSON CRES 24 THOMPSON CRES $830,000 24 THOMPSON CRES 24 24 THOMPSON THOMPSON 24 THOMPSON CRES CRESCRES
5 $950,500
Top 20 house sales Address
Sold date
Land size (m2)
Price
1
14
BAARTZ TCE
24/06/2017
626.8m2
$1,360,000
2
15
GYMKHANA PL
12/04/2017
649m2
$1,300,000
3
38
KNIGHTSBRIDGE AVE
04/04/2017
624.7m2
$1,285,000
4
11
MAHOGANY CL
19/04/2017
640.1m2
$1,280,000
5
22
KINGSMERE DR
23/05/2017
543m2
$1,225,000
6
72
HUNGERFORD DR
04/05/2017
537.7m2
$1,225,000
7
63
GLENWOOD PARK DR
08/05/2017
462m2
$1,210,000
8
4
SILKYOAK CL
24/05/2017
541.5m2
$1,206,000
9
10
MIMOSA GR
01/04/2017
554.8m2
$1,200,000
10
19
CHIANTI CRT
20/06/2017
475m2
$1,175,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size (m2)
Price
11
20
WARDIA ST
28/04/2017
508.1m2
$1,161,000
12
7
APPLEBOX AVE
23/05/2017
554.7m2
$1,150,000
13
12
HUNGERFORD DR
11/04/2017
550.3m2
$1,140,000
14
7
AGINCOURT PL
01/04/2017
504.4m2
$1,135,000
15
8
LAURINA WAY
22/05/2017
594.2m2
$1,133,800
16
20
KINCHEGA CRES
21/04/2017
585m2
$1,130,000
17
24
SUMMIT CRT
14/06/2017
381.8m2
$1,117,000
18
68
CASINO ST
27/04/2017
547.9m2
$1,101,000
19
57
MALVERN RD
20/06/2017
384.3m2
$1,071,000
20
23
NYMAGEE ST
06/05/2017
360m2
$1,025,000
Properties included may/may not be sold by Ray White
7
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
Median house prices $1,100,000
24 22
$1,000,000
20 18
$900,000
16 14
$800,000
12
8 6
$600,000
4 2
$500,000 JUN
MAY
APR
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
JUL
0
NUMBER OF SALES
MEDIAN SALE PRICE
10 $700,000
SALE MONTH
Number of sales
Median sale price
9
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
11
Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au