Glenwood 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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the last 12 months (Financial Year 2017) Based Based Based on on on recorded 154 recorded House House House sales sales within sales within within Based Based on a154 on rolling a154 rolling 12 month 12recorded month period period and and may may differ differ the the lastthe last 12 last months 12 months 12 months (Financial (Financial (Financial Year Year 2017) Year 2017) 2017) from from calendar statistics statistics Based on a calendar rollingyear 12year month period and may differ from calendar year statistics
Previous Median Price: $906,000 Current Current Current Median Median Median Price: Price: $978,750 Price: $978,750 $978,750
Based Based on 343 on recorded 343 recorded House House salessales compared compared over over the last thetwo last two Previous Previous Previous Median Median Median Price: Price: $906,000 Price: $906,000 $906,000 rolling rolling 12 month 12 month periods periods Based on 343 recorded House sales compared over the last two rolling 12 month periods
Recently sold properties
Based Based on Based aon rolling aon rolling a12rolling month 12 month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Based Based on Based 343 on recorded 343 onrecorded 343 House recorded House sales House sales compared sales compared compared over over the last over thetwo last thetwo last two rolling rolling 12 month rolling 12 month 12 periods month periods periods
months (Financial Year 2017) Based Based Based on on recorded on recorded House sales sales within sales within within thediffer the 12 the 12 12 Based Based onrecorded aon rolling a rolling 12House month 12House month period period and and may may differ months months (Financial (Financial (Financial Year Year 2017) Year 2017) 2017) frommonths from calendar statistics statistics Based on a calendar rollingyear 12year month period and may differ from calendar year statistics
Based Based on Based aon rolling aon rolling a12rolling month 12 month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
3 YANCANNIA 3 YANCANNIA TCE TCE 3 YANCANNIA TCE
7 ADRIAN 7 ADRIAN ST ST 7 ADRIAN ST
20 20 HIGHCLAIRE HIGHCLAIRE PL PL 20 HIGHCLAIRE PL
3 YANCANNIA 3 YANCANNIA 3 YANCANNIA TCE TCE TCE
7 ADRIAN 7 ADRIAN 7 ADRIAN ST ST ST
20 20 HIGHCLAIRE 20 HIGHCLAIRE HIGHCLAIRE PL PL PL
$1,235,000
$865,000
$1,563,000
3 YANCANNIA TCE 16 16 WATKISS WATKISS ST ST bed | 2 bath 164WATKISS ST| 2 garages 550 m²
ADRIANTCE STTCE 6 SCHAEFER 6 7SCHAEFER 4 6bed | 2 bath | 2TCE garages 378 m² SCHAEFER
PL 720 CONSOLO 7 HIGHCLAIRE CONSOLO AVE AVE 6 bed7 |CONSOLO 4 bath | 2 garages 622 m² AVE
16 16 WATKISS 16 WATKISS WATKISS ST ST ST
6 SCHAEFER 6 SCHAEFER 6 SCHAEFER TCE TCE TCE
7 CONSOLO 7 CONSOLO 7 CONSOLO AVE AVE AVE
$1,380,000
$1,160,000
16 WATKISS ST 6 SCHAEFER TCE 5 bed | 3 bath | 2 garages 570 m² 4 bed | 3 bath | 3 garages 527 m² 4 ARROWSMITH 4 ARROWSMITH ST ST 6 DENMAN 6 DENMAN CRT CRT 4 Source: ARROWSMITH ST | Properties included may or may not 6 DENMAN CRT pricefinder.com.au be sold by Ray White 4 ARROWSMITH 4 ARROWSMITH 4 ARROWSMITH ST ST ST
$885,000 $885,000 6 DENMAN 6 DENMAN 6 DENMAN CRT CRT CRT $885,000
$1,380,000 7 CONSOLO AVE 4 bed | 3 bath | 3 garages 675 m² 25 25 IPSWICH IPSWICH AVE AVE 25 IPSWICH AVE
$1,015,000 $1,015,000 25 25 IPSWICH 25 IPSWICH IPSWICH AVE AVE AVE $1,015,000
$1,157,000 $1,157,000 $1,157,000
Median Sale Price
$979k
Suburb Growth
+8.0%
85 KNIGHTSBRIDGE AVE 85 KNIGHTSBRIDGE 85 KNIGHTSBRIDGE AVE AVE 85 KNIGHTSBRIDGE 85 85 KNIGHTSBRIDGE KNIGHTSBRIDGE AVE AVE AVE
# Sold Properties
154 5 GRECH PL
45 SHARROCK AVE 45 SHARROCK 45 SHARROCK AVE AVE 45 SHARROCK 45 45 SHARROCK SHARROCK AVE AVE AVE
5 GRECH 5 GRECH PL PL 5 GRECH 5 GRECH 5 GRECH PL PL PL
$1,555,000 85 KNIGHTSBRIDGE AVE 19 HIGHGATE PL 5 bed | 3 bath | 3 garages 600 m² 19 HIGHGATE 19 HIGHGATE PL PL 19 HIGHGATE 19 19 HIGHGATE HIGHGATE PL PL PL
$1,230,000 5 GRECH PL 12 KIDMAN ST 4 bed | 2 bath | 2 garages 567 m² 12 KIDMAN 12 KIDMAN ST ST 12 KIDMAN 12 12 KIDMAN KIDMAN ST ST ST
$1,130,000
$842,000 45 SHARROCK AVE 27 WANAARING TCE 3 bed | 2 bath | 1 garages 351 m² 27 WANAARING 27 WANAARING TCE TCE 27 WANAARING 27 27 WANAARING WANAARING TCE TCE TCE
$1,012,000
$1,020,000
19 HIGHGATE PL 12 KIDMAN ST 27 WANAARING TCE 4 bed | 2 bath | 2 garages 504 m² 5 bed | 2 bath | 2 garages 496 m² 3 bed | 2 bath | 2 garages 372 m² 14 BAARTZ TCE 57 MALVERN RD 19 CHIANTI CRT pricefinder.com.au | Properties included may57 or may not be soldRD by Ray RD White 14 BAARTZ 14Source: BAARTZ TCE TCE MALVERN 57 MALVERN 19 CHIANTI 19 CHIANTI CRT CRT 14 BAARTZ 14 14 BAARTZ BAARTZ TCE TCE TCE 57 57 MALVERN MALVERN RDRDRD 19 19 CHIANTI CHIANTI CRT CRT CRT $1,360,000 57 MALVERN $1,071,000 19 CHIANTI $1,360,000 $1,360,000
$1,071,000 $1,071,000
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$1,175,000 $1,175,000 $1,175,000
Top 20 house sales 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
16
WATKISS ST
21/7/2017
570m2
$1,380,000
4
7
CONSOLO AVE
13/7/2017
675m2
$1,380,000
5
14
BAARTZ TCE
24/6/2017
626.8m2
$1,360,000
6
6
MINUET CRT
1/8/2017
544.3m2
$1,356,000
7
3
YANCANNIA TCE
26/7/2017
550m2
$1,235,000
8
5
GRECH PL
4/7/2017
566.6m2
$1,230,000
9
22
KINGSMERE DR
12/5/2017
543.4m2
$1,225,000
10
72
HUNGERFORD DR
4/5/2017
537.7m2
$1,225,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
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63
GLENWOOD PARK DR
8/5/2017
462m2
$1,210,000
12
4
SILKYOAK CL
24/5/2017
541.5m2
$1,206,000
13
17
KIDMAN ST
31/7/2017
449.7m2
$1,176,000
14
19
CHIANTI CRT
20/6/2017
475m2
$1,175,000
15
6
SCHAEFER TCE
17/7/2017
527.1m2
$1,160,000
16
25
IPSWICH AVE
8/7/2017
450.1m2
$1,157,000
17
7
APPLEBOX AVE
23/5/2017
554.7m2
$1,150,000
18
8
LAURINA WAY
22/5/2017
594.2m2
$1,133,800
19
19
HIGHGATE PL
29/6/2017
503.5m2
$1,130,000
20
24
SUMMIT CRT
14/6/2017
381.8m2
$1,117,000
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
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 JULY
JUN
MAY
APR
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
0
NUMBER OF SALES
MEDIAN SALE PRICE
10 $700,000
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