Kellyville
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
3
the last 12 the months lastrecorded 12(Financial months (Financial Year 2017) Year 2017) Based on 441 House sales within theon last months (Financial Year 2017) Based Based Based 441 on12 441 recorded on recorded 441 recorded House House sales House sales within within sales within the the lastlast 12the months 12last months 12 (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) Based on a Based rolling 12 on month a rollingperiod 12 month and may period differ and may differ calendar statistics year statistics Based from on a calendar rolling from 12 year month period and may differ calendar year statistics Based Based on aon Based rolling afrom rolling 12 on month a12 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
Previous Previous Median Price: Median $1,076,120 Price: $1,076,120 Current Current Median Current Median Price: Median Price: $1,160,000 Price: $1,160,000 $1,160,000 Previous Median Price: $1,076,120 Previous Previous Previous Median Median Price: Median Price: $1,076,120 Price: $1,076,120 $1,076,120
months (Financial months (Financial Year 2017) Year 2017) Based on recorded House sales within the 12 months (Financial Year 2017) Based Based onBased recorded on 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) Based on a Based rolling 12 on month a rollingperiod 12 month and may period differ and may differ Based on 999 Based recorded on House 999 recorded sales compared House sales overcompared the last two over the last two rolling 12 month rolling periods 12 month periods Based on 999 recorded House sales compared over the last two rolling 12 month periods Based Based on 999 onBased recorded 999 recorded on House 999 recorded House sales sales 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
Recently sold houses
14 PERSEUS 14 PERSEUS CCT CCT 14 PERSEUS CCT 14 14 PERSEUS PERSEUS 14 PERSEUS CCT CCT CCT
1 WOMBOYNE 1 WOMBOYNE AVE AVE 1 WOMBOYNE AVE 1 WOMBOYNE 1 WOMBOYNE 1 WOMBOYNE AVE AVE AVE
$1,338,888 14 PERSEUS CCT 511 bed | 3 bath | 2 garages 750 m² 11 LEWIS JONES LEWIS DR JONES DR 11 LEWIS JONES DR 11 11 LEWIS LEWIS 11JONES LEWIS JONES DR JONES DR DR
23 DAINTREE 23 DAINTREE PL PL 23 DAINTREE PL 23 23 DAINTREE DAINTREE 23 DAINTREE PL PL PL
$1,095,000 1 WOMBOYNE AVE 4 bed 2 bath | CRES 2 garages 699 m² 23 WOODSTREAM 23| WOODSTREAM CRES 23 WOODSTREAM CRES 23 23 WOODSTREAM WOODSTREAM 23 WOODSTREAM CRES CRESCRES
$1,920,000 11 LEWIS JONES DR 5 bed | 3 bath | 3 garages 747 m²
calendar statistics year statistics Based from on a calendar rolling from 12 year month period and may differ calendar year statistics Based Based on aon Based rolling afrom rolling 12 on month a12 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
$1,210,000 23 DAINTREE PL 4 HALLOWAY bed | 41 2 bath | BVD 2 garages 576 m² 41 HALLOWAY BVD 41 HALLOWAY BVD 41 41 HALLOWAY HALLOWAY 41 HALLOWAY BVD BVD BVD
$2,300,000 23 WOODSTREAM CRES 5 bed | 3 bath | 3 garages 1,442 m²
11 MARELLA 11 MARELLA AVE AVE | Properties included may 54 CRAIGMORE CRAIGMORE Source: pricefinder.com.au or may not54 be sold by DR Ray White DR 11 MARELLA AVE 54 CRAIGMORE DR 11 11 MARELLA MARELLA 11 MARELLA AVE AVE AVE 54 54 CRAIGMORE CRAIGMORE 54 CRAIGMORE DRDR DR $1,002,000 $1,002,000
$1,040,000 41 HALLOWAY BVD 4 bed | 2 bath | 2 garages 436 m²
6 FRASCA 6 FRASCA PL PL 6 FRASCA PL 6 FRASCA 6 FRASCA 6 FRASCA PL PL PL $1,080,000 $1,080,000
$1,315,000 $1,315,000
Jul
Jul
Median Sale Price
$1.16m
4 RIALTO PL 4 RIALTO PL 4 RIALTO 4 RIALTO PL PL 4PL RIALTO
Suburb Growth
+7.8%
Jul
2017
89 Days 2017 Jul Jul Jul 89 Days 2017 20172017 89 Days 89 Days89 Days # Sold Properties
5 5 5 5 3 700 m²700 5 m² 55 5 53 700 m²
700 m² 700 m²
441176 WRIGHTS RD
4 RIALTO PL 20 MARDI CRT 4 CRT bed | 2 bath | 2 garages 545 m² 20 MARDI 20 MARDI 20 MARDI CRT CRTCRT 20 MARDI
$1,370,000 176 WRIGHTS RD 22 CORAL CRES 4 bedCRES | 2 bath | 2 garages 700 m² 22 CORAL 22 CORAL 22 CORAL CRES 22CRES CORAL CRES
$1,680,000 20 MARDI CRT 4 bed | 2 bath | 2 garages 692 m²
$735,000 22 CORAL CRES 3 bed | 4 bath | 2 garages 698 m²
Source: pricefinder.com.au | Properties included may or may not be sold by Ray White
5 3
2017
34 Days 2017 Jul Jul Jul 34 Days 2017 20172017
334 Days
34 Days34 Days
5 2 5 2 3 467 m²467 5 m² 52 5 23
3
467 m² 467 m² 467 m²
2 3
92 JAMES MILEHAM DR 92 JAMES MILEHAM DR 92 JAMES 92 JAMES MILEHAM DR DR DR 92MILEHAM JAMES MILEHAM
176 WRIGHTS RD 176 WRIGHTS 176 176 WRIGHTS RD RD RD WRIGHTS
$1,330,000
3
Jul
$1,552,000 92 JAMES MILEHAM DR 10 LYCETT AVE bed | 2 bath 104LYCETT AVE | 2 garages 603 m² 10 LYCETT 10 LYCETT AVEAVE 10AVE LYCETT
$1,075,000 10 LYCETT AVE 4 bed | 2 bath | 2 garages 545 m² 5
3
Top 20 house sales Address
Sold date
Land size
Price
1
10
WITHERS RD
11/5/2017
6823m2
$4,000,000
2
23
WOODSTREAM CRES
28/7/2017
1442m2
$2,300,000
3
25
THOMAS BOULTON CCT
3/5/2017
701m2
$2,200,000
4
28
BALMORAL RD
1/8/2017
700m2
$2,045,000
5
11
WATER CREEK BVD
13/6/2017
700m2
$2,000,000
6
22
WATER CREEK BVD
3/6/2017
780.8m2
$2,000,000
7
35
BALLYMENA WAY
19/5/2017
965.5m2
$1,970,000
8
11
LEWIS JONES DR
28/7/2017
747.3m2
$1,920,000
9
31
BALMORAL RD
18/7/2017
700m2
$1,920,000
10
12
HAYES AVE
7/6/2017
897.2m2
$1,900,000
Properties included may/may not be sold by Ray White
Address
Sold date
Land size
Price
11
5
WILLCOX CRES
5/11/2017
843.6m2
$1,850,000
12
17
BRANDON GR
19/5/2017
660m2
$1,750,000
13
33
CATTAI CREEK DR
30/5/2017
904.3m2
$1,720,000
14
20
MARDI CRT
7/15/2017
692m2
$1,680,000
15
28
QUEENSBURY AVE
1/7/2017
565.5m2
$1,655,000
16
39
JOHN HILLAS AVE
3/5/2017
732.5m2
$1,640,000
17
40
QUEENSBURY AVE
4/7/2017
510m2
$1,582,000
18
92
JAMES MILEHAM DR
15/7/2017
603.3m2
$1,552,000
19
87
FAIRWAY DR
4/5/2017
715.7m2
$1,509,000
20
5
SENTINEL AVE
1/5/2017
600.1m2
$1,480,000
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 $1,300,000
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 JULY
JUN
MAY
APR
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
$700,000
NUMBER OF SALES
MEDIAN SALE PRICE
40
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
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