Market Report Baulkham Hills | June 2018

Baulkham Hills Market Report Winter 2018

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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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Based on recorded House within Based on recorded House sales within the last322 12 322 months (Apr '17 -sales Mar '18) Based on 322 recorded House sales within the last 12 months (Apr(Apr '17 -'17 Mar '18) '18) the last 12 months -- Mar the last 12 months (Apr '17 Mar '18) Based on 322 recorded House sales Based on a rolling 12 month period and maywithin differ the last 12 months (Apr '17 - Mar '18) calendar Based on a rolling 12from month periodyear and statistics may differ Based on afrom rolling 12 month period and may differdiffer Based on a rolling 12 month period and statistics Based on a calendar rolling 12year month period and may may differ from from calendar year year statistics calendar statistics statistics Basedfrom on acalendar rolling 12year month period and may differ from calendar year statistics

Current Median Price: $1,210,000 Based on recorded House within the 12 Based on House sales within the Previous Median Price: $1,160,000 months (Apr '17 -sales Mar '18) Based on recorded recorded House sales within the 12 12 Previous Median Price: $1,160,000 months (Apr(Apr '17 -'17 Mar '18) '18) Previous Median Price: $1,160,000 Current Median Price: $1,210,000 months -- Mar Previous Median Price: $1,160,000 months (Apr '17 Mar '18) Based on recorded House sales within the 12 Based on a rolling 12 month period and may differ Based on 688 recorded House sales compared over the last two Previous rolling Median Price: $1,160,000 12 month periods months (Apr '17 - may Mardiffer '18) calendar Based on a rolling 12from month periodyear and statistics Based on 688 recorded House sales compared over the last two

BasedBased on 688 recorded House sales sales compared over the last two two rolling 12 House month periods compared Based on on 688 688 recorded recorded House sales compared over over the the last last two rollingrolling 12 monthmonth periods rolling 12 12 month periods periods Based on 688 recorded House sales compared over the last two rolling 12 month periods

Recently sold properties

4 MERINDAH RD 4 MERINDAH RD 4 MERINDAH RD RD 4 4 MERINDAH MERINDAH RD 4 MERINDAH RD

12A MURRILLS CRES 12A MURRILLS CRES 12A12A MURRILLS CRES MURRILLS CRES 12A MURRILLS CRES 12A MURRILLS CRES

$1,065,000 4 MERINDAH RD 9 BOULTON AVE 3 bed | 2 bath | 2 garages 1,056 m² 9 BOULTON AVE 9 BOULTON AVEAVE 9 9 BOULTON BOULTON AVE 9 BOULTON AVE

$900,000

Based on afrom rolling 12 month period and may differdiffer Based on a rolling 12 month period and statistics Based on a calendar rolling 12year month period and may may differ from from calendar year year statistics calendar statistics statistics Basedfrom on acalendar rolling 12year month period and may differ from calendar year statistics

5 HENRY ST 5 HENRY ST 5 HENRY ST ST 5 5 HENRY HENRY ST 5 HENRY ST

$1,225,000 12A MURRILLS CRES 39 OAKLAND AVE 4 bed | 3 bath | 2 garages 356 m² 39 OAKLAND AVE 39 OAKLAND AVEAVE 39 39 OAKLAND OAKLAND AVE 39 OAKLAND AVE

$925,000

$1,461,000 5 HENRY ST 10 YVETTE ST 4 bed | 2 bath | 2 garages 1,031 m² 10 YVETTE ST 10 YVETTE ST ST 10 10 YVETTE YVETTE ST 10 YVETTE ST

$1,020,000

9 BOULTON AVE 39 OAKLAND AVE 10 YVETTE ST 4 bed | 2 bath | 2 garages 721 m² 6 bed | 2 bath | 3 garages 767 m² 3 bed | 1 bath | 2 garages 885 m² 3 REIBY DR 6 HILDA RD 2 ELANORA CL Source: not beRD sold by Ray White 3 REIBY DRpricefinder.com.au | Properties included may or6may HILDA 2 ELANORA CL 3 REIBY DR DR 6 HILDA RD RD 2 ELANORA CL CL 3 6 2 3 REIBY REIBY DR 6 HILDA HILDA RD 2 ELANORA ELANORA CL $1,245,000 $1,050,000 $1,243,000 3 REIBY DR 6 HILDA RD 2 ELANORA CL $1,245,000 $1,050,000 $1,243,000

last last 12 months last 12 months 12 months (Apr(Apr '17(Apr -'17 Mar -'17 Mar '18) - Mar '18) '18) Based Based on Based 173 on 173 recorded on 173 recorded recorded UnitUnit sales Unit sales within sales within the within the the last last 12 months last 12 months 12 months (Apr12 (Apr '17 (Apr -'17 Mar -'17 Mar '18) - differ Mar '18)differ '18)differ Based Based onBased a on rolling a on rolling 12 a rolling month 12 month period month period and period may and may and may from from calendar from calendar year calendar year statistics year statistics statistics

Growth # Sold Based Based onBased a on rolling a on rolling 12 a rolling month 12 Suburb month 12 period month period and period may and may differ and may differ differ from from calendar from calendar year calendar year statistics year statistics statistics

HOUSE +4.3%

322

Previous Previous Previous Median Median Median Price: Price: $755,000 Price: $755,000 $755,000 Current Current Current Median Median Median Price: Price: $850,000 Price: $850,000 $850,000 Previous Previous Previous Median Median Median Price: Price: $755,000 Price: $755,000 $755,000

BasedBased on 439 Based onrecorded 439onrecorded 439 Unit recorded sales Unit sales compared Unit sales compared over compared the over last the over two last thetwo last two rollingrolling 12 month rolling 12 month periods 12 month periods periods

months months months (Apr(Apr '17(Apr -'17 Mar -'17 Mar '18) - Mar '18) '18) Based Based on Based recorded on recorded on recorded UnitUnit sales Unit sales within sales within the within the 12 12 the 12 months months months (Apr (Apr '1712 (Apr -'17 Mar -'17 Mar '18) -may Mar '18)differ '18)differdiffer Based Based onBased a on rolling a on rolling 12 a rolling month 12 month period month period and period and may and may from from calendar from calendar year calendar year statistics year statistics statistics

Suburb Growth # Sold Properties Properties Based Based onBased a on rolling a on rolling 12 a rolling month 12 month 12 period month period and period may and may differ and may differdiffer BasedBased on 439 Based onrecorded 439onrecorded 439 Unit recorded sales Unit sales compared Unit sales compared over compared the over last the over two last thetwo last two

UNIT +12.6%

rollingrolling 12 month rolling 12 month periods 12 month periods periods

173

from from calendar from calendar year calendar year statistics year statistics statistics

1/571/57 VALERIE 1/57 VALERIE VALERIE AVE AVEAVE

8/125 8/125 -127 8/125 -127 OLD -127 OLD NORTHERN OLD NORTHERN NORTHERN RD RD RD

2/2 2/2 THE 2/2 THE COTTELL THE COTTELL COTTELL WAY WAY WAY

1/571/57 VALERIE 1/57 VALERIE VALERIE AVE AVEAVE

8/125 8/125 -127 8/125 -127 OLD -127 OLD NORTHERN OLD NORTHERN NORTHERN RD RD RD

2/2 2/2 THE 2/2 THE COTTELL THE COTTELL COTTELL WAY WAY WAY

$880,000

$775,000

$905,000

1/57 VALERIE AVE 3 bed | 2 bath | 1 garages 73/40 73/40 -52 73/40 -52 BARINA -52 BARINA BARINA DOWNS DOWNS DOWNS RD RD RD

8/125 -127 OLD NORTHERN RD 2 bed | 1 bath | 1 garages 17/32 17/32 -38 17/32 -38 JENNER -38 JENNER JENNER ST ST ST

2/2 THE COTTELL WAY 3 bed | 2 bath | 2 garages 38/138/1 -5 38/1 HILL -5 HILL -5ST HILL ST ST

73/40 73/40 -52 73/40 -52 BARINA -52 BARINA BARINA DOWNS DOWNS DOWNS RD RD RD

17/32 17/32 -38 17/32 -38 JENNER -38 JENNER JENNER ST ST ST

38/138/1 -5 38/1 HILL -5 HILL -5ST HILL ST ST

$775,000 73/40 -52 BARINA DOWNS RD 3 bed | 2 bath | 2 garages

$775,000 17/32 -38 JENNER ST 3 bed | 2 bath | 2 garages

$570,000 38/1 -5 HILL ST 2 bed | 1 bath | 1 garages

Source: pricefinder.com.au | Properties included may or126/40 may126/40 not126/40 be sold by RayBARINA White -52 -52 BARINA -52 BARINA DOWNS DOWNS DOWNS RD RD RD

126/40 126/40 126/40 -52 -52 BARINA -52 BARINA BARINA DOWNS DOWNS DOWNS RD RD $730,000 RD$730,000 $730,000

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Top 10 house sales Address

Sold date

Land size

Price

1

16

JUSTINE AVE

14/3/2018

923m2

$1,725,000

2

105

AMPHITHEATRE CCT

14/3/2018

740m2

$1,675,000

3

16

COLOSSEUM CRES

3/2/2018

934m2

$1,650,000

4

27

APPIAN CCT

2/5/2018

773m2

$1,628,000

5

16

MORLEY CRT

13/2/2018

750m2

$1,600,000

6

28

SOLENT CCT

14/2/2018

301m2

$1,500,000

7

8

PETRIZZI PL

17/3/2018

798m2

$1,494,000

8

5

HENRY ST

7/5/2018

1031m2

$1,461,000

9

7

ORCHARD ST

14/3/2018

499m2

$1,450,000

10

13

ALYSSE CL

6/3/2018

1209m2

$1,450,000

Properties included may/may not be sold by Ray White

Top 10 unit sales Address

Sold date

Price

1

11/13

WATKINS RD

11/3/2018

$921,000

2

8/8

WATKINS RD

17/3/2018

$920,000

3

19/92

BARINA DOWNS RD

2/2/2018

$910,000

4

7/10

RUSSELL ST

1/2/2018

$910,000

5

2/2

THE COTTELL WAY

7/5/2018

$905,000

6

1/9

RENOWN RD

25/2/2018

$900,000

7

19/5

SPURWAY DR

1/2/2018

$895,000

8

1/57

VALERIE AVE

10/5/2018

$880,000

9

11/29

PEARCE ST

1/2/2018

$880,000

10

8/125

OLD NORTHERN RD

7/5/2018

$775,000

Properties included may/may not be sold by Ray White

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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

60 55 50

$1,250,000

45 40

$1,200,000

35 $1,150,000

30

$1,100,000

20 15

$1,050,000

10 5 0 APR

MAR

FEB

JAN 2018

DEC

NOV

OCT

SEP

AUG

JULY

JUN

MAY

$1,000,000

NUMBER OF SALES

MEDIAN SALE PRICE

25

SALE MONTH

Number of sales

Median sale price

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Recent Activity Sales by Price - Last 12 months 0-$200k

House

Unit

2

1

3

1%

1

1

0%

$300k-$400k $500k-$600k

5

14

19

$600k-$700k

3

31

34

$700k-$800k

5

39

44

$800k-$900k

9

28

37

$900k-$1M

21

43

64

$1M-$1.25

160

14

174

$1.25M-$1.5M

89

1

90

$1.5M-$1.75M

25

2

27

$1.75M-$2M

5

1

6

1%

>$3M

3

1

4

1%

Last 12 months

4%

531 sales

6% 8% 7% 12% 33% 17% 5%

$1M-$1.25M 174 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

Kieron Stedman 0433 124 734

Matthew Langdon 0431 037 478

Hilda Bandiera 9680 2255

Paul Conti 0414 981 005

Robbie Awad 0428 888 648

Joseph Meyer 0417 675 741

Phil Haq 0452 054 290

Joel Simpson 0450 907 598

Hannah Dowling 9680 2255

Peter Iann 0488 002 222

Brendan Wein 0431 618 086

Tony Yee 02 9680 2255

Warren Tam 0412 067 934

Yong Park 0402 486 424

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Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154

raywhitecastlehill.com.au