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
theonlast the 12recorded last months 12 months (Financial (Financial Year 2017) Year 2017) Based 167 House sales within Based Based Based on12 167 onmonths on 167 recorded 154 recorded recorded House House House sales sales within sales within within the last (Financial Year 2017) the the lastthe last 12Based last months 12 months 12 months (Financial (Financial (Financial Year Year 2017) Year 2017) 2017) Based on a rolling on a12 rolling month 12 period month and period may and differ may differ from calendar from calendar year statistics year statistics Based on a rolling 12 month period and may differ Based Based on Based afrom on rolling aon rolling a12rolling month 12year month 12period month period and period and mayand may differ may differdiffer calendar statistics fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Previous Previous Median Median Price: Price: $906,000 $906,000 Current Median Price: $980,000 Current Current Current Median Median Median Price: Price: $980,000 Price: $980,000 $978,750 Previous Median Price: $906,000 Previous Previous Previous Median Median Median Price: Price: $906,000 Price: $906,000 $906,000
months months (Financial (Financial Year 2017) Year 2017) Based on recorded House sales within the 12 Based Based Based on recorded on on recorded recorded House House House sales sales within sales within within the the 12 the 12 12 months (Financial Year 2017) months months months (Financial (Financial (Financial Year Year 2017) Year 2017) 2017) Based on Based a rolling on a12 rolling month 12 period month and period may and differ may differ Based onBased 356 recorded on 356 recorded House sales House compared sales compared over the last overtwo the last two
rolling 12rolling month12 periods month periods Based on 356 recorded House sales compared over the last two rolling 12House month periods Based Based on Based 356 onrecorded 356 on recorded 343 House recorded sales House sales compared sales compared compared over the overlast over thetwo last thetwo last two rollingrolling 12 month rolling 12 month 12 periods month periods periods
16 MALVERN 16 MALVERN RD RD 16 MALVERN RD 16 MALVERN 16 7MALVERN ADRIAN RDST RD
3 YANCANNIA TCE
$1,235,000 3 YANCANNIA TCE 43bed | 2 bath 2 garages 550 m² 3 CANTWELL CANTWELL ST | ST 3 CANTWELL ST 3 CANTWELL 3 CANTWELL 16 WATKISS ST STST
16 MALVERN RD bed 2 bath |CL 2 garages 489 m² 155 SILVERTOP 15| SILVERTOP CL 15 SILVERTOP CL 15 SILVERTOP 15 6SILVERTOP SCHAEFER CL CL TCE
$1,010,000 12 WHEEDON ST 4 bed | 14 2 bath |ST 2 garages 414 m² 14 BAGALA BAGALA ST 14 BAGALA ST 14 BAGALA 14 7BAGALA CONSOLO ST ST AVE
$1,140,000 15 SILVERTOP CL 5 bed | 2 bath | 2 garages 550 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
4 ARROWSMITH ST
12 WHEEDON 12 WHEEDON ST ST 12 WHEEDON ST 12 WHEEDON 12 20 WHEEDON HIGHCLAIRE ST ST PL
$1,175,000
$910,000 3 CANTWELL ST 4 bed | 2 bath | 2 garages 423 m²
from calendar from calendar year statistics year statistics Based on a rolling 12 month period and may differ Based Based on Based afrom on rolling aon rolling a12rolling month 12year month 12period month period and period and mayand may differ may differdiffer calendar statistics fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
6 DENMAN CRT
$1,180,000 14 BAGALA ST 4 bed | 2 bath | 2 garages 450 m² 2 SEVILLE 2 SEVILLE PL PL 2 SEVILLE PL 2 SEVILLE 2 SEVILLE 25 IPSWICH PL PL AVE
$1,285,000 $1,285,000
90 90 MEURANTS 90 MEURANTS MEURANTS LANE LANE LANE 90 MEURANTS LANE 90 90 MEURANTS MEURANTS LANE LANE
82 82 CASINO 82 CASINO CASINO ST ST ST 82 CASINO ST 82 82 CASINO CASINO ST ST
$1,305,000 90 MEURANTS LANE 6 bed | 3 bath | 2 garages 510 m² 8 RACHAEL 8 RACHAEL 8 RACHAEL PL PL PL 8 RACHAEL PL 8 RACHAEL 8 RACHAEL PL PL
$1,120,000 82 CASINO ST 4 bed | 2 bath | 2 garages 551 m² 14 14 BITTERN 14 BITTERN BITTERN GRGRGR 14 BITTERN GR 14 14 BITTERN BITTERN GRGR
$1,145,000 8 RACHAEL PL 5 bed | 3 bath | 2 garages 450 m²
5 JAKOB 5 JAKOB 5 JAKOB WAY WAY WAY 5 JAKOB WAY 5 JAKOB 5 JAKOB WAY WAY
$888,000 5 JAKOB WAY 4 bed | 2 bath | 2 garages 354 m² 6 SARDINIA 6 SARDINIA 6 SARDINIA AVE AVE AVE 6 SARDINIA AVE 6 SARDINIA 6 SARDINIA AVE AVE
$925,000 14 BITTERN GR 4 bed | 2 bath | 2 garages 480 m²
Source: pricefinder.com.au | Properties included may 6 orMINUET may not beCRT soldCRT byCRT Ray White 10 10 BLYTHE 10 BLYTHE BLYTHE AVE AVE AVE 6 MINUET 6 MINUET 10 BLYTHE AVE 6 MINUET CRT 10 10 BLYTHE BLYTHE AVE AVE 6 MINUET CRT CRT $1,135,000 $1,135,000 $1,135,000 6 MINUET
$1,080,000 6 SARDINIA AVE 5 bed | 2 bath | 2 garages 475 m²
17 17 KIDMAN 17 KIDMAN KIDMAN ST ST ST 17 KIDMAN ST KIDMAN KIDMAN ST ST $1,356,000 $1,356,000 $1,356,000 17 17
5 $1,176,000 $1,176,000 $1,176,000
Address
Sold date
Land size
Price
1
20
HIGHCLAIRE PL
22/7/2017
621.6m2
$1,563,000
2
85
KNIGHTSBRIDGE AVE
7/7/2017
600m2
$1,555,000
3
7
CONSOLO AVE
13/7/2017
675m2
$1,380,000
4
16
WATKISS ST
21/7/2017
570m2
$1,380,000
5
14
BAARTZ TCE
13/6/2017
626.8m2
$1,360,000
6
6
MINUET CRT
1/8/2017
544.3m2
$1,356,000
7
90
MEURANTS LANE
11/8/2017
510m2
$1,305,000
8
2
SEVILLE PL
11/8/2017
652.9m2
$1,285,000
9
3
YANCANNIA TCE
26/7/2017
550m2
$1,235,000
10
5
GRECH PL
19/6/2017
566.6m2
$1,230,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
11
72
HUNGERFORD DR
4/5/2017
537.7m2
$1,225,000
12
22
KINGSMERE DR
12/5/2017
543.4m2
$1,225,000
13
46
CHARLIE YANKOS ST
12/8/2017
487.2m2
$1,220,000
14
63
GLENWOOD PARK DR
8/5/2017
462m2
$1,210,000
15
4
SILKYOAK CL
24/5/2017
541.5m2
$1,206,000
16
10
SEVILLE PL
12/8/2017
450.1m2
$1,200,000
17
14
BAGALA ST
12/8/2017
449.6m2
$1,180,000
18
17
KIDMAN ST
31/7/2017
449.7m2
$1,176,000
19
19
CHIANTI CRT
20/6/2017
475m2
$1,175,000
20
16
MALVERN RD
18/8/2017
489.3m2
$1,175,000
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
$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 AUG
JULY
JUN
MAY
APR
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
0
NUMBER OF SALES
MEDIAN SALE PRICE
10 $700,000
SALE MONTH
Number of sales
Median sale price
9
House
Unit
$0-$200k
1
1
1%
$200k-$300k
1
1
1%
$500k-$600k
1
1
1%
$600k-$700k
1
1
1%
$700k-$800k
13
2
15
$800k-$900k
38
1
39
$900k-$1M
41
41
$1M-$1.25M
75
75
$1.25M-$1.5M
13
13
$1.5M-$1.75M
3
3
190 sales
8% 21%
75 sales
22% 39% 7% 2%
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
11