Kellyville
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
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Current Current Median Current Median Price: Median Price: $1,147,500 Price: $1,147,500 $1,147,500 Previous Previous Previous Median Median Price: Median Price: $1,076,070 Price: $1,076,070 $1,076,070
Based Based onBased on 408408 recorded on recorded 408 recorded House House sales House sales within within sales within thethe lastlast 12the months 12last months 12(Financial months (Financial (Financial Year Year 2017) 2017) Year 2017)
Recently sold houses
Based Based on aon Based rolling a rolling on 12 a month 12 rolling month period 12period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
Based Based on 965 onBased recorded 965 recorded on House 965 recorded House salessales compared House compared sales overcompared over the last thetwo last overtwo the last two rolling rolling 12 month 12rolling month periods 12 periods month periods
18 18 MARDI MARDI 18CRT MARDI CRT CRT
14 14 LONDON LONDON 14 LONDON CRT CRT CRT
Jun Jun
Jun
59 Days 59 Days
59 Days
2017 2017 2017
695 m² 695 m² 6955m² 5
$1,385,000 $1,385,000 $1,385,000
14 LONDON CRT 4 bed | 2 bath | 2 garages 500 m² 3 SEATH 3 SEATH 3 ST SEATH ST ST
2
Based Based on aon Based rolling a rolling on 12 a month 12 rolling month period 12period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics
24 24 TREMAIN TREMAIN 24 TREMAIN AVE AVE AVE
28 28 QUEENSBURY QUEENSBURY 28 QUEENSBURY AVE AVE AVE
2 5 2 2 22 $1,300,000
Based Based onBased on recorded recorded on recorded House House sales House sales within within sales thewithin the 12 12the 12 months months (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017)
$1,655,000
28 QUEENSBURY AVE 4 bed | 3 bath | 2 garages 566 m² 77 77 CRAIGMORE CRAIGMORE 77 CRAIGMORE DRDR DR
18 18 MARDI MARDI 18CRT MARDI CRT CRT
10 10 ACRES ACRES 10 RD ACRES RD RD
Jun Jun
Jun
14 Days 14 Days
14 Days
2017 2017 2017
740 m² 740 m² 7403m² 3
2 12
2
24 24 TREMAIN TREMAIN 24 TREMAIN AVE AVE AVE
$1,023,000 $1,023,000 $1,023,000
$1,410,000
$1,460,000
Jun
3 SEATH 2017 2017 2017 ST 59 Days 59 Days 59 Days 695 m² 695 6955m² 5 2 5 2 m²2 22 4 bed | 2 bath | 3m²garages 705
2
77 CRAIGMORE DR 4 bed | 2 bath | 2 garages 670 m²
$1,010,000 Jun Jun
Jun
20 YORK RD 2017 2017 2017 Days 14 Days 14 Days m² 740 m² 740 3m² 3 m²1 3 1 4 14bed | 2 bath | 2 740 garages 450
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
3 SEATH 3 SEATH 3 ST SEATH ST ST
1 31 $1,065,000
10 ACRES RD 5 bed | 2 bath | 7 garages 734 m² 20 20 YORK YORK 20RD YORK RD RD
$1,385,000 $1,385,000 $1,385,000
Jun Jun
$1,023,000 $1,023,000 $1,023,000
77 77 CRAIGMORE CRAIGMORE 77 CRAIGMORE DRDR DR
20 20 YORK YORK 20RD YORK RD RD
2 12
2
Median Sale Price
$1.15m
Suburb Growth
+6.6%
1 VALLEYVIEW 1 VALLEYVIEW 1 VALLEYVIEW PL PL PL 1 VALLEYVIEW PL 1 VALLEYVIEW PL
# Sold Properties
408
41 41 HORATIO HORATIO 41 HORATIO AVE AVE AVE 41 HORATIO AVE 41 HORATIO AVE
$1,335,000 1 VALLEYVIEW PL 4 bed | 3 bath | 2 garages 710 m² 120120 CATTAI CATTAI 120 CATTAI CREEK CREEK DR CREEK DR DR 120 CATTAI CREEK DR 120 CATTAI CREEK DR
$1,000,000 41 HORATIO AVE 3 bed | 2 bath | 2 garages 292 m² 22/22 22/22 (LOT 22/22 (LOT 11 (LOT 11 WATER WATER 11 WATER CREEK CREEK CREEK BVD BVD BVD 22/22 (LOT 11 WATER CREEK BVD 22/22 (LOT 11 WATER CREEK BVD
$1,160,000 120 CATTAI CREEK DR 4 bed | 2 bath | 2 garages 500 m²
21 21 CHALET CHALET 21 CHALET RDRD RD 21 CHALET RD 21 CHALET RD
$2,000,000 22/22 (LOT 11 WATER CREEK BVD 4 bed | 3 bath | 2 garages 700 m²
Source: pricefinder.com.au | Properties included may 12 or may not be AVE sold by RayAVE White HAYES 12 HAYES 12 HAYES AVE
12 HAYES AVE 12 HAYES AVE
$995,000 21 CHALET RD 3 bed | 2 bath | 2 garages 721 m² 6 ZACHARY 6 ZACHARY 6 ZACHARY PL PL PL 6 ZACHARY PL 6 ZACHARY PL
$1,330,000 6 ZACHARY PL 4 bed | 2 bath | 2 garages 513 m²
9 HALLOWAY BVD 9 HALLOWAY 9 HALLOWAY BVD BVD 9 HALLOWAY BVD 9 HALLOWAY BVD $1,900,000 $1,900,000 $1,900,000
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$1,105,000 $1,105,000 $1,105,000
Top 20 house sales Address
Sold date
Land size (m2)
Price
1
25
CONNELLY WAY
22/03/2017
1066m2
$2,300,000
2
20
WATER CREEK BVD
06/04/2017
702.5m2
$2,250,000
3
6
WATER CREEK BVD
01/03/2017
700.3m2
$2,035,000
4
22
WATER CREEK BVD
03/06/2017
780.8m2
$2,000,000
5
35
BALLYMENA WAY
19/05/2017
965.5m2
$1,970,000
6
12
HAYES AVE
07/06/2017
897.2m2
$1,900,000
7
5
DUNN WAY
22/03/2017
760.2m2
$1,790,000
8
17
BRANDON GR
19/05/2017
660m2
$1,750,000
9
33
CATTAI CREEK DR
30/05/2017
904.3m2
$1,720,000
10
2
ZANITH WAY
24/03/2017
720.6m2
$1,690,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size (m2)
Price
11
28
QUEENSBURY AVE
01/07/2017
565.5m2
$1,655,000
12
39
JOHN HILLAS AVE
03/05/2017
732.5m2
$1,640,000
13
11
PATYA CCT
28/03/2017
700m2
$1,630,000
14
37
JOHN HILLAS AVE
31/03/2017
738.8m2
$1,585,000
15
17
APPLEGUM CRES
04/03/2017
756.4m2
$1,550,000
16
117
CATTAI CREEK DR
08/04/2017
733.1m2
$1,540,000
17
24
CARLISLE CRES
19/04/2017
700.2m2
$1,530,000
18
12
WILDROSE ST
18/03/2017
720.6m2
$1,485,000
19
5
SENTINEL AVE
01/05/2017
600.1m2
$1,480,000
20
20
HAYES AVE
23/05/2017
707.1m2
$1,470,000
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 $1,300,000
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 2017
DEC
NOV
OCT
SEP
AUG
JUL
$700,000
NUMBER OF SALES
MEDIAN SALE PRICE
40
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
Jose Reyna 0414 914 127
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