Kellyville
Market Report Winter 2018
Ray White Castle Hill is the proud sponsor of
Welcome 2018 has certainly been an interesting year not only in the real estate market, but markets across the board including Australian stocks, banking and the lending industries. Whilst this has provided numerous headlines across our state and national media and no doubt, interesting debates across the dinner table, more locally however, we have seen our real estate market most decidedly enter into a new phase- a phase that we refer to as a “normal” market. This begs the question “what is a normal market”? Property owners in Sydney over the past few years have seen their homes increase substantially in value – some areas even by double. The Hills has experienced an approx. 20% increase in property values since the commencement of the North West Rail Link. This increase was further fuelled by record low interest rates, robust foreign investment, easy to obtain finance, a strong economy and buyer demand, thus leading to a housing boom where it would be common to sell after the first open home and Auction clearance rates at all-time highs.
The shift to a more normal market has been gradual since early 2017 and one that was led by the Government changes to rules relating to foreign investment and ownership (announced in the 2017/2018 Budget), the closing in of supply and demand and more recently, much tighter lending conditions. Despite all this, the Hills District remains in high demand! Days on market has definitely increased, Auction clearance rates have shifted and the gap between buyer and seller expectation is occasionally askew, however good results are still being achieved by our Sales Executives. Our team’s ability to adapt and implement changes to meet the current environment has been critical for the success of our clients…..and the results show. Latest figures indicate that Ray White Castle Hill has the highest market share in the area – doubling since this time last year, our days on market are on average are the lowest compared to other agencies and positive testimonials flood in daily.
It’s these testimonials and feedback that continue to drive our team to work even harder for our clients and help validate why we all love working in this industry. We see it more than just a transaction. We view real estate as the matchmaking of a property to a buyer, helping dreams become realities, being a partner in creating wealth for clients and assisting those entering into a new chapter of life, be it: first time home buyer, investor, downsizer, retiree or the growing family, etc. Should we be able to assist you with your property needs, please don’t hesitate to contact your team of local Sales Executives at Ray White Castle Hill. We look forward to assisting you soon!
Philip Kelly and David Dowling Directors | Ray White Castle Hill
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the last 12 months (Financial Year 2018) the last 12 months (Financial Year 2018) Based Based on 350 on 350 recorded recorded House House sales sales within within Based on 350 recorded House sales within the the last last 12 months 12 months (Financial (Financial Year Year 2018) 2018) Based on a rolling 12 month period and may differ the last 12 months (Financial Year 2018) Based on a rolling 12 month period and may differ
Previous Median Price: $1,170,000 Current Current Median Median Price: Price: $1,225,000 $1,225,000 Current Median Price: $1,225,000 Previous Previous Median Median Price: Price: $1,170,000 $1,170,000 Based on 911 recordedPrice: House sales compared over the last two Previous Median $1,170,000
KELLYVILLE - Recently Sold Properties
from calendar year statistics from calendar year statistics Based Based on aon rolling a rolling 12 month 12 month period period and and maymay differdiffer Based on a rolling from 12 month period and may differ from calendar calendar year year statistics statistics from calendar year statistics
Based on 911 recorded House sales12compared over the last two rolling month periods rolling 12 month periods Based Based on 911 onrecorded 911 recorded House House salessales compared compared over the overlast thetwo last two Based on 911 recorded House sales over the last two rolling rolling 12compared month 12 month periods periods rolling 12 month periods
Recently sold houses
4 EMILY CLARKE DR 4 EMILY CLARKE DR 4 EMILY 4 EMILY CLARKE CLARKE DRDR 4 EMILY CLARKE DR
months (Financial Year 2018) months (Financial Year 2018) Based Based on recorded on recorded House House sales sales within within the the 12 12 Based on recorded House sales within the 12 months months (Financial (Financial Year Year 2018) 2018) Based on a rolling 12 month period and may differ months (Financial Year 2018) Based on a rolling 12 month period and may differ
12 BARAKEE CRES 12 BARAKEE CRES 12 BARAKEE 12 BARAKEE CRES CRES 12 BARAKEE CRES
from calendar year statistics from calendar year statistics Based Based on aon rolling a rolling 12 month 12 month period period and and maymay differdiffer Based on a rolling from 12 month period and may differ from calendar calendar year year statistics statistics from calendar year statistics
1 SPRINGBROOK BVD 1 SPRINGBROOK BVD 1 SPRINGBROOK 1 SPRINGBROOK BVD BVD 1 SPRINGBROOK BVD
Median Sale Price
Suburb Growth
$1.24m
+10.4%
450
Based on 450 recorded House sales within the last 12 months (Apr '17 - Mar '18)
Current Median Price: $1,236,940 Previous Median Price: $1,120,000
Based on recorded House sales within the 12 months (Apr '17 - Mar '18)
Based on a rolling 12 month period and may differ $1,335,000 from calendar year statistics
Based on 1010 recorded House sales compared over the last two rolling 12 month periods
4 EMILY CLARKE DR 4 bed | 2 bath | 2 garages 623 m² 56 CONNAUGHT CCT
$1,265,000 56 CONNAUGHT CCT 4 bed | 2 bath | 2 garages 621 m²
# Sold Properties
$900,000
12 BARAKEE CRES 442 bed | 2 bath DR | 2 garages 412 m² PERKINS 42 PERKINS DR 109 ACRES RD 42 PERKINS 42 PERKINS DRDR 42 PERKINS DR
1 SPRINGBROOK BVD 4 bed 2 bath | 2 garages 29| CUNNINGHAM PDE570 m² 29 CUNNINGHAM PDE 1 ST 29 CUNNINGHAM 29CARISBROOK CUNNINGHAM PDE PDE 29 CUNNINGHAM PDE
$1,215,000 42 PERKINS DR 4 bed | 2 bath | 2 garages 567 m²
35Source: SEYMOUR WAY 32 GROVE AVE pricefinder.com.au | Properties included may 32 or may notGOLDEN be sold by Ray White 35 SEYMOUR WAY GOLDEN GROVE AVE 6 SUNRISE PL 20 BENALLA AVE 35 SEYMOUR 35 SEYMOUR WAY WAY 32 GOLDEN 32 GOLDEN GROVE GROVE AVE AVE $1,160,000
Based on a rolling 12 month period and may differ $1,160,000 from calendar year statistics
$1,500,000 29 CUNNINGHAM PDE 4 bed | 3 bath | 3 garages 623 m²
$1,138,000
29 MALONGA AVE
Median Sale Price
$1.23m
Suburb Growth
+4.7%
15 MALONGA 15 MALONGA AVE AVE 15 MALONGA AVE 15 15MALONGA MALONGA 15 MALONGA AVE AVE AVE
# Sold Properties
350
41 PRESIDENT 41 PRESIDENT RD RD 41 PRESIDENT RD 41 41PRESIDENT PRESIDENT 41 PRESIDENT RD RD RD
$906,500 15 MALONGA AVE 450 bed | 2 bath garages 734 m² 50 PRESIDENT PRESIDENT RD| 2 RD 50 PRESIDENT RD 50 50PRESIDENT PRESIDENT 50 PRESIDENT RD RD RD
$1,190,000 41 PRESIDENT RD bed 3 bath AVE | 2 garages 365 BELLERIVE 36| BELLERIVE AVE 697 m² 36 BELLERIVE AVE 36 36BELLERIVE BELLERIVE 36 BELLERIVE AVE AVE AVE
$1,255,000 50 PRESIDENT RD 5 bed | 3 bath | 2 garages 526 m²
25 JONQUIL 25 JONQUIL PDE PDE 25 JONQUIL PDE 25 25JONQUIL JONQUIL 25 JONQUIL PDE PDE PDE
$1,235,000 25 JONQUIL PDE 4 8bed |2 bath CRT | 4 garages HALLETT 8 HALLETT CRT 759 m² 8 HALLETT CRT 8 8HALLETT HALLETT 8 HALLETT CRT CRT CRT
$1,112,000 36 BELLERIVE AVE 4 bed | 2 bath | 2 garages 386 m²
Source: pricefinder.com.au | Properties included may or may be sold byCRT Ray White 8 LYCETT 8 LYCETT AVE AVE 13 not PHILIPPA 13 PHILIPPA CRT 8 LYCETT AVE 13 PHILIPPA CRT 8 8LYCETT LYCETT 8 LYCETT AVE AVE AVE 13 13PHILIPPA PHILIPPA 13 PHILIPPA CRT CRT CRT $1,030,000 $1,030,000
$1,340,000 8 HALLETT CRT 5 bed | 3 bath | 2 garages 435 m²
27 DUNCRAIG 27 DUNCRAIG DR DR 27 DUNCRAIG DR 27 27DUNCRAIG DUNCRAIG 27 DUNCRAIG DR DR DR $1,200,000 $1,200,000
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$1,170,000 $1,170,000
Top 10 house sales Address
Sold date
Land size
Price
1
10
FAIRWAY DRIVE
23/5/2018
730m2
1,900,000.00
2
5
BALMORAL ROAD
2/7/2018
2.2ha
1,850,000.00
3
Lot 1036
OAKWOOD PLACE
22/5/2018
634m2
1,870,000.00
4
Lot 1032
OAKWOOD PLACE
29/5/2018
633m2
1,825,000.00
5
2
TWICKENHAM AVE
18/6/2018
550m2
1,540,000.00
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
6
6
SUNRISE PL
25/5/2018
726.4m²
7
29
CUNNINGHAM PDE
21/6/2018
622.6m²
$1,500,000
8
76
ARNOLD AVE
21/5/2018
700m²
$1,500,000
9
5
ST MIRREN AVE
10/5/2018
450m²
$1,408,000
10
8
WILLANDRA CRES
22/5/2018
720.8m²
$1,400,000
Properties included may/may not be sold by Ray White
1,510,000.00
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How to keep warm this winter What can you do to stay warm at home? By Ines Gruber Source: https://www.choice.com.au/home-and-living/heating/home-heating/ articles/how-to-keep-warm-this-australian-winter-170915
If you want to feel warm at home long term and also save money you need a plan that goes beyond beanies and ugg boots. Here are some practical solutions to beat the winter chill: Insulate: It is the best way to keep the heat in winter in and in summer out. Average households with ceiling wall and under floor insulation can save around $450 per year on energy bills. Seal up gaps and cracks: If you add up all the cracks and gaps in an average home, it would be the equivalent of having a 1 metre by 1.5 metre window open all the time. They can account for up to 15-20% of heat loss. Seal windows and use curtains: That will not only help you to keep warm in winter, but cool in summer. Up to 40% of our heating energy can be lost through the windows. Look for possible draught culprits: Not only windows, but doors can be an issue. If you’re just heating one room or living area, close its doors and windows to keep in the heat. A simple door snake or a rolled up towel can also help stop any draughts, especially in older houses where the doors might have larger gaps at floor level.
Cover the floor with rugs: They act as insulation between your feet and the cold, hard floor. Reverse ceiling fans: Most models have a reverse switch. It turns the blades anti-clockwise and pushes the warm air from your heating system from the ceiling (remember, warm air rises) back down. Maintain your heaters: Get them serviced professionally every few years to keep them running more efficiently; gas heaters in particular should be well-maintained to ensure safe operation. Close up any rooms you don’t use and turn off the heating there.
Median house prices $1,300,000
75 70 65
$1,200,000
60 55
$1,100,000
50 45
$1,000,000
35
$900,000
30 25
$800,000
20 15 JUN
MAY
APR
MAR
FEB
JAN 2018
DEC
NOV
OCT
SEP
AUG
JULY
$700,000
NUMBER OF SALES
MEDIAN SALE PRICE
40
SALE MONTH
Number of sales
Median sale price
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Recent Activity Sales by Price - Last 12 months House
Unit
$300k-$400k
1
1
0%
$400k-$500k
3
3
1%
Last 12 months
$500k-$600k
1
1
1%
470 sales
$600k-$700k
1
6
7
$700k-$800k
10
10
20
$800k-$900k
20
11
21
$900k-$1M
37
4
41
$1M-$1.25
157
157
$1.25M-$1.5M
115
115
$1.5M-$1.75M
36
36
$1.75M-$2M
11
11
$2M-$2.5M
6
6
$2.5M-$3M
3
3
1%
>$3M
6
6
1%
2% 5% 7% 8% 32% 25% 8% 3% 2%
$1M-$1.25M 157 sales
Your team
Philip Kelly 0407 000 991
Daniel Llamas 0421 908 736
Odette Roach 9680 2255
Kael Sharp 0435 821 736
Karl Anthony 0457 120 174
Margarete Kwarcinski 9680 2255
Sylvester Wijaya 02 9680 2255
Hannah Dowling 9680 2255
Kieron Stedman 0433 124 734
Matthew Langdon 0431 037 478
Paul Conti 0414 981 005
Robbie Awad 0428 888 648
Hilda Bandiera 9680 2255
Yong Park 0402 486 424
Phil Haq 0452 054 290
Stella Zhang 0452 557 858
Joel Simpson 0450 907 598
Peter Iann 0488 002 222
Brendan Wein 0431 618 086
Tony Yee 02 9680 2255
Warren Tam 0412 067 934
Joseph Meyer 0417 675 741
David Xiao 0433 009 018
Kimberley Hatchett 9680 2255
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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au