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Castle Hill Market Report | Spring 2018


We’re not sales people. We’re matchmakers. We introduce people to houses, until they find the one they love.


Welcome Over the past few months Australia’s love affair with real estate has certainly been tested and it’s safe to say, no one has been immune. Those ranging from first time home buyers to investors, to retirees downsizing, to developers and to your average mum and dad, property owners across the country have no doubt questioned their financial positions, crunched the numbers and for the first time in a long time, are having to make significant monetary decisions. It’s almost impossible to turn on the TV, log onto the Internet and tune into the radio and not be bombarded with negative dialogue about the state of the market and the contributing factors. The ongoing Royal Commission into Australia’s banking industry has dramatically altered the mortgage lending standards, meaning most applicants can now only borrow around 70% of what they could 12 months ago, the reduction in approval of foreign investors, the Chinese crackdown on foreign investment and of course, the looming expiration of a large percentage of ‘interest only’ loans, has all provided much content for headline news.

While it’s extremely valuable to be informed on these broader economic environments and how they influence buyer sentiment, it’s equally important to acknowledge that each area is made up of ‘micro markets’ that have their own contributing factors which influence property prices, such as infrastructure change, zoning updates, school catchments, proximity to shopping precincts and transport, etc. In spite of this shift in the market, Ray White Castle Hill has enjoyed a strong year, where demand for housing in the district continued. Yes, days on market in most cases has been longer than this time last year, and yes, numbers may be down at Auctions, however, the results we are achieving for our clients show what our team at Ray White Castle Hill already knew….buyers will always pay a premium for a great home in a great location. And the Hills District is just that! We are all fortunate to reside in a beautiful region of Sydney where opportunity is abundant. Along with the much anticipated Sydney Metro Northwest rail link, residents enjoy a thriving café and restaurant culture that continues to grow, are spoilt for choice in shopping centres,

have access to many community events and parklands, have a wonderful choice of reputable government and independent schools, experience a low unemployment rate and overall, a wonderful community that is embracing a huge amount of change and growth with confidence and poise. As one of the market leaders in the area, this is what drives us each and every day and we love being a part of the process in helping others reach their property goals. Should we be able to assist you with your property needs and / or you simply wish to have chat about the market conditions in your specific area, 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 the 12 last months 12on months (Financial (Financial Year 2018) Yearsales 2018)within Based 346 recorded House Current Current Median Current Median Price: Median Price: $1,580,066 Price: $1,580,066 $1,580,066 Previous Median Price: $1,550,000 the last months (Financial Year 2018) BasedBased on 346 Based on recorded 346 on12 recorded 346 House recorded House sales House within sales sales within within Previous Previous Median Previous Median Price: Median Price: $1,550,000 Price: $1,550,000 $1,550,000 the last the 12 last the months last 12 months 12 (Financial months (Financial (Financial Year 2018) Year Year 2018) 2018) Based on Based a rolling on a12 rolling month 12 period month and period may and differ may differ Based onBased 784 recorded on 784 recorded House sales House compared sales compared over the last overtwo the last two

months months (Financial (Financial Year 2018) Yearsales 2018)within the 12 Based on recorded House months (Financial Year BasedBased on recorded Based on recorded on House recorded House sales House within sales sales within the2018) within 12the 12 the 12 months months (Financial months (Financial (Financial Year period 2018) Year Year 2018) 2018) Based on Based a rolling on a12 rolling month 12 period month and may and differ may differ

rolling 12rolling month12 periods month periods from calendar from year statistics statistics from calendar from year statistics statistics Based on acalendar rolling 12year month period and may differ Based on acalendar rolling 12year month period and may differ Based on 784 recorded House sales compared over the last two rolling 12 month year statistics year statistics Based on Based a rolling Based on a12 rolling onmonth afrom rolling 12 calendar period month 12 month and period may period and differ may and differ may differ Based onBased Based a rolling Based on a12 rolling onmonth afrom rolling 12 calendar period month 12 month and period may period and differ may and differ may differ 784 recorded Based on 784on recorded House 784 recorded sales House compared House sales compared sales overperiods compared the last overtwo the over lastthe two last two Based on rolling 12 rolling month rolling 12 periods month 12 month periods periods from calendar from calendar from yearcalendar statistics year statistics year statistics from calendar from calendar from yearcalendar statistics year statistics year statistics

Recently Sold Properties

8 FERNGREEN 8 FERNGREEN WAY WAY 8 FERNGREEN WAY 8 FERNGREEN 8 FERNGREEN 8 FERNGREEN WAY WAY WAY

9 BROOKFIELD 9 BROOKFIELD WAY WAY 9 BROOKFIELD WAY 9 BROOKFIELD 9 BROOKFIELD 9 BROOKFIELD WAY WAY WAY

$2,410,000 8 FERNGREEN WAY beds baths | 3 cars 2,353 m² 44 POWYS 44 4 POWYS CCT| 4CCT 44 POWYS CCT 44 POWYS 44 POWYS 44 CCT POWYS CCTCCT

$1,265,000 9 BROOKFIELD WAY 547beds | 3 baths 2 cars 561 m² 47 TUCKWELL TUCKWELL RD |RD 47 TUCKWELL RD 47 TUCKWELL 47 TUCKWELL 47 TUCKWELL RD RD RD

$1,165,000 44 POWYS CCT 4 beds | 2 baths | 2 cars

826 m²

1 TASMAN 1 TASMAN CRT CRT 1 TASMAN CRT 1 TASMAN 1 TASMAN 1 TASMAN CRT CRTCRT

$1,545,000 1 TASMAN CRT 4 beds | 3 ST bathsST | 3 cars 979 m² 5 BAYDON 5 BAYDON 5 BAYDON ST 5 BAYDON 5 BAYDON 5 BAYDON ST ST ST

$1,465,000 47 TUCKWELL RD 4 beds | 3 baths | 2 cars

31 ARMIDALE 31 Source: ARMIDALE CRESCRES | Properties included may/may not be sold by Ray White pricefinder.com.au 31 ARMIDALE CRES 31 ARMIDALE 31 ARMIDALE 31 ARMIDALE CRESCRES CRES $1,900,000 $1,900,000

900 m²

$1,500,000 5 BAYDON ST 4 beds | 2 baths | 3 cars

744 m²

4 COTTONWOOD 4 COTTONWOOD PL PL 4 COTTONWOOD PL 4 COTTONWOOD 4 COTTONWOOD 4 COTTONWOOD PL PL PL

$1,950,000 $1,950,000


Based Based on on 120120 recorded recorded Unit Unit sales sales within within thethe last last 12on months 12120 months (Financial (Financial Year Year 2018) 2018) Based Based Based on 120 on recorded 120 recorded recorded Unit Unit sales Unit sales within sales within within thethe the lastlast 12last months 12 months 12 months (Financial (Financial (Financial Year Year 2018) Year 2018) 2018)

Based Based on on recorded recorded Unit Unit sales sales within within thethe 12 12 months (Financial Year Year 2018) 2018) Based Based Based on months on recorded recorded on(Financial recorded Unit Unit sales Unit sales within sales within within thethe 12 the 12 12 months months months (Financial (Financial (Financial Year Year 2018) Year 2018) 2018)

Current Current Current Median Median Median Price: Price: Price: $878,000 $878,000 $878,000 Previous Previous Median Median Price: Price: $891,000 $891,000 Previous Previous Previous Median Median Median Price: Price: Price: $891,000 $891,000 $891,000

CASTLE HILL - Recently Sold Properties Based Based on aon rolling a rolling 12 month 12 month period period andand maymay differ differ from calendar calendar year statistics statistics Based Based on Based aon rolling afrom on rolling a12 rolling month 12 year month 12period month period and period and mayand may differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics

QUICK FACTS

HOUSE

47/12 47/12 -18-18 HUME HUME AVE AVE 47/12 47/12 47/12 -18-18 HUME -18 HUME HUME AVE AVE AVE

Suburb Growth

+1.3%

Median Sale Price

Based Based on aon rolling a rolling 12 month 12 month period period andand maymay differ differ from calendar calendar year statistics statistics Based Based on Based aon rolling afrom on rolling a12 rolling month 12 year 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 272 on recorded 272 recorded Unit Unit salessales compared compared overover the last the two last two 12 Unit month 12 month periods periods Based Based on Based 272 on recorded 272 onrolling recorded 272rolling Unit recorded sales sales Unit compared sales compared compared overover the last the overtwo last thetwo last two

QUICK FACTS rolling rolling 12 rolling month 12 month 12 periods month periods periods

# Sold Properties

359 UNIT 908/12 908/12 PENNANT PENNANT STST

Suburb Growth

# Sold Properties

-1.5%79/2-4 126AVE 79/2-4 PURSER PURSER AVE

Suburb Growth

908/12 908/12 908/12 PENNANT PENNANT PENNANT STST ST

# Sold Properties

79/2-4 79/2-4 79/2-4 PURSER PURSER PURSER AVE AVE AVE

$878k

-1.5%

126

Based on 126 recorded Unit sales within the last 12 months (Financial Year 2018)

Current Median Price: $878,000 Previous Median Price: $891,000

Based on recorded Unit sales within the 12 months (Financial Year 2018)

Based on a rolling 12 month period and may differ from calendar year statistics

Based on 278 recorded Unit sales compared over the last two rolling 12 month periods

Based on a rolling 12 month period and may differ from calendar year statistics

$772,000

47/12 -18 HUME AVE 2 beds | 2 baths | 2 cars 15/35-37 PARSONAGE RD 8 CHAINMAIL 8 CHAINMAIL CRES CRES 8 CHAINMAIL 8 CHAINMAIL 8 CHAINMAIL CRES CRES CRES

$743,500

908/12 PENNANT ST 2 beds | 2 baths | 2 cars 17/35-37 PARSONAGE RD 31/1 31/1 -7 HUME -7 HUME AVE AVE 31/1 31/1 -731/1 HUME -7 HUME -7 HUME AVE AVE AVE

$1,020,000 15/35-37 PARSONAGE RD 3 beds | 2 baths | 2 cars

Aug

2018 50 Days 4,925 m² 31/1 -7 HUME AVE 2 beds | 2 baths | 2 cars

79/2-4 PURSER AVE 2 beds | 2 baths | 1 car 48/22-26 MERCER ST 9/8-14 9/8-14 MERCER MERCER STST 9/8-14 9/8-14 9/8-14 MERCER MERCER MERCER STST ST

$1,020,000

$750,000

Source: pricefinder.com.au | Properties included may/may not be sold by Ray White 5/38 -42 BRISBANE RD 47/12 -18 HUME AVE 2/11 2/11 GARTHOWEN GARTHOWEN CRES CRES 2/11 2/11 GARTHOWEN 2/11 GARTHOWEN GARTHOWEN CRES CRES CRES

$757,500

3

2

$825,000 2018 79 Days 1.26 ha 2 2 9/8-14 MERCER ST 2 beds | 2 baths | 2 cars

$705,000

Aug

908/12 PENNANT ST

2

5

2


Top 10 House Sales Address

Sold date

Land size

Price

1

3

LOMOND PL

28/6/2018

2,000m2

$3,800,000

2

8

FERNGREEN WAY

7/8/2018

2,353m2

$2,410,000

3

4

COTTONWOOD PL

13/7/2018

1,539m2

$1,950,000

4

31

ARMIDALE CRES

20/7/2018

643m2

$1,900,000

5

5

OWEN WAY

25/6/2018

715m2

$1,810,000

6

31

GILHAM ST

7/6/2018

696m2

$1,805,000

7

32

CASTLEWOOD DR

13/7/2018

1,565m2

$1,800,000

8

1

MARIE ST

6/7/2018

838m2

$1,758,000

9

15

CASTLEWOOD DR

18/7/2018

850m2

$1,690,000

10

22

FOLEY PL

17/8/2018

529m2

$1,688,000

Properties included may/may not be sold by Ray White


Top 10 Unit Sales Address

Sold date

Price

1

2/11

GARTHOWEN CRES

1/8/2018

$1,070,000

2

15/35

PARSONAGE RD

20/8/2018

$1,020,000

3

17/35

PARSONAGE RD

20/8/2018

$1,020,000

4

4/3

ELABANA CRES

28/8/2018

$935,000

5

8/2

PARSONAGE RD

1/8/2018

$892,500

6

9/8

MERCER ST

13/8/2018

$825,000

7

5/38

BRISBANE RD

10/8/2018

$820,000

8

801/12

PENNANT ST

10/8/2018

$796,000

9

6/1

MERCER ST

8/8/2018

$788,000

10

47/12

HUME AVE

7/8/2018

$772,000

Properties included may/may not be sold by Ray White

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Quick Tips on how to Prepare your Home for Sale We’ve listed some simple tips that can assist in maximising the sale price when selling your home. The more effortless a home looks, the more marketable a property will be and thus be more appealing to the greatest number of prospective buyers. Your property should impersonal enough not to infringe on a buyer’s own sense of style, but clean and decorated enough to allow buyers to imagine themselves in each space without too much effort required.

MAINTENANCE The rule of thumb is – if something needs repairing- fix it! Check for peeling paint, chipped corners and loose wallpaper. CLEANING Every area of the house must sparkle and shine! Each hour spent will be worth the effort. Make it easy for the buyer to want your house. THE FRONT ENTRY Whether a graciously proportioned centre hall or a small foyer just large enough for a coat rack and tiny table, this part of your house deserves your particular attention.

STAGING The use of a brightly coloured pillow on a chair or a throw blanket on a sofa can add dimension to an otherwise neutral room. Fresh flowers and creating a sanctuary in the bathroom help create a sense of luxury.

NEUTRALISING Be cautious about selecting colours when painting the interior walls or replacing the carpet. Your objective is to make your house appeal to the largest possible buying segment.

SPACE MANAGEMENT Create the illusion of more space and consider removing some furniture from any room that may seem over crowded. If necessary, put large items in storage.

ATMOSPHERE A clean smelling house creates a positive image in the buyer’s mind. Be aware of any odours from cooking, cigarette smoke, pets etc. These may have adverse effects on potential buyers.


Medium House Prices 60

$1,600,000

55 50

$1,500,000

45 40

$1,450,000

35 30

$1,400,000

15 10

$1,300,000

5 0 AUG

JULY

JUN

MAY

APR

MAR

FEB

JAN 2018

DEC

NOV

OCT

$1,250,000

NUMBER OF SALES

20

$1,350,000

SEP

MEDIAN SALE PRICE

25

MONTH

Number of sales

Median sale price

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Recent Activity Sales by Price - Past 12 months House

Unit

0-$200K

1

1

$200K-$300K

2

$300K-$400K

1

2

0%

2

0%

Past 12 Months

1

0%

442 Sales

2

0%

$400K-$500K

2

$500K-$600K

1

3

4

1%

$600K-$700K

1

4

5

1%

24

24

5% 5%

$700K-$800K $800K-$900K

1

22

23

$900K-$1M

6

20

26

$1M-$1.25M

52

26

78

$1.25M-$1.5M

81

3

84

$1.5M-$1.75M

79

$1.75M-$2M

44

$2M-$2.5M

26

26

$2.5M-$3M

5

5

>$3M

7

7

$1.25M-$1.5M

6% 18% 19%

79 1

18%

45

10% 6% 1% 2%

84 Sales


Your Local 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 287C Old Northern Road, Castle Hill NSW 2154 T 02 9680 2255 W raywhitecastlehill.com.au  Follow us on Facebook facebook.com/raywhitecastlehill

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Castle Hill | Market Report October 2018  

Produced by Ray White Castle Hill

Castle Hill | Market Report October 2018  

Produced by Ray White Castle Hill