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Glenwood 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 12last months 12 months (Financial (Financial Year 2018) Year 2018) Based Based onBased on 144144 recorded on recorded 144 recorded House House sales House sales within within sales within thethe lastlast 12the months 12 last months 12rolling (Financial months (Financial (Financial Year Year 2018) 2018) Year 2018) Based on Based a rolling on a12 month 12period monthand period mayand differ may differ

months months (Financial (Financial Year 2018) Year 2018) 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 2018) 2018) Year 2018) Based on Based a rolling on a12 rolling month 12period monthand period mayand differ may differ Based onBased 325 recorded on 325 recorded House sales House compared sales compared over the last overtwo the last two Current Current Median Current Median Price: Median Price: $1,000,000 Price: $1,000,000 $1,000,000 Previous Previous Previous Median Median Price: Median Price: $985,000 Price: $985,000 $985,000

from calendar from calendar year statistics year statistics

rolling 12rolling month12 periods month periods

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

GLENWOOD - Recently from calendar from calendar year statistics year statistics

Based Based on 325 onBased recorded 325 recorded on House 325 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

12 BOONDEROO 12 BOONDEROO AVE AVE

6 TANN-DARBY 6 TANN-DARBY CRT CRT

12 12 BOONDEROO BOONDEROO 12 BOONDEROO AVE AVE AVE

6 TANN-DARBY 6 TANN-DARBY 6 TANN-DARBY CRT CRT CRT

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

21 BLUEGUM 21 BLUEGUM GR GR

Median Sale Price 21 21 BLUEGUM BLUEGUM 21 BLUEGUM GRGR GR

$1m

Based on 148 recorded House sales within the last 12 months (Financial Year 2018) Based on a rolling 12 month period and may differ from calendar year statistics

$1,055,000 12 BOONDEROO AVE 43beds | 2PL bathsPL| 2 cars 631 m² 3 FERNVIEW FERNVIEW 3 FERNVIEW 3 FERNVIEW 3 FERNVIEW PL PL PL

$1,050,000 6 TANN-DARBY CRT beds | 2 baths | 2 cars m² 304 KNIGHTSBRIDGE 30 KNIGHTSBRIDGE AVE490 AVE 30 30 KNIGHTSBRIDGE KNIGHTSBRIDGE 30 KNIGHTSBRIDGE AVE AVE AVE

$1,045,000 3 FERNVIEW PL 4 beds | 2 baths | 1 cars 585 m²

$1,085,000 30 KNIGHTSBRIDGE AVE 4 beds | 2 baths | 2 cars 600 m²

38 HUNGERFORD 38 HUNGERFORD DR DR Source: pricefinder.com.au | Properties included may/may not be sold by Ray White 38 38 HUNGERFORD HUNGERFORD 38 HUNGERFORD DRDR DR

$1,150,000 $1,150,000

Bas

$965,000 21 BLUEGUM GR 154ORCHARD PL beds |63 2 baths 63 CASINO CASINO ST| 2 cars ST 608 m²

41B

63 63 CASINO CASINO 63 CASINO ST ST ST

$835,000 15 ORCHARD PL 4 beds | 2 baths | 2 cars 461 m² 11 CONSOLO AVE

11 E $1,270,000


GLENWOOD - Recently Sold Properties GLENWOOD - Recently Sold Properties QUICK FACTS

Median Sale Price Suburb Growth 16 JOHN WARREN +1.5% AVE $1m

Median Sale Price 16 Median JOHN 16 JOHN 16 WARREN JOHN WARREN WARREN AVE AVE AVE Sale Price

$1m $1m

# Sold Properties 148 54 MALVERN RD

Suburb Growth 54 MALVERN 54Suburb MALVERN 54 MALVERN RDRD Growth RD

+1.5% +1.5%

2 PEPPERCORN PL

# Sold Properties 2 PEPPERCORN 2 PEPPERCORN PL PL PL #2 PEPPERCORN Sold Properties

148 148

Based on 148 recorded House sales within the148 lastrecorded 12 months (Financial Year 2018) Based on House sales within the last 12 months (Financial Year 2018)

Current Median Price: $1,000,000 Current Median Median Price: $1,000,000 Previous Price: $985,000 Previous Median Price: $985,000

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

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

Based on 329 recorded House sales compared over the last two rolling 12 month periods Based on 329 recorded House sales compared over the last two rolling 12 month periods

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

$1,175,000

16 JOHN WARREN AVE 15 6 ORCHARD PL | 2 cars 546 m² beds | 3 baths 36 JOHN 15 ORCHARD PL WARREN AVE

$850,000

54 MALVERN RD CRESTVIEW 441B beds | 2 baths | 2DR cars 370 m² 9 VANESSA 41B CRESTVIEW DR CRT

36 JOHN 36 JOHN 36 WARREN JOHN WARREN WARREN AVE AVE AVE

19 STAFF 19 STAFF 19AVE STAFF AVE AVE

$976,000

36 JOHN WARREN AVE 41B CRESTVIEW DR 4 beds | 2 baths | 2 cars 662 m² 4 beds | 2 baths | 2 cars 618 m² 11 CONSOLO AVE 11 EDWIN PL Source: pricefinder.com.au | Properties included may/may not be sold by Ray White 5 EAGLE 11 CONSOLO AVEWAY 11 EDWIN PL 5 EAGLE 5 EAGLE 5 WAY EAGLE WAY WAY

2 PEPPERCORN PL 7 CASINO ST| 2 cars 590 m² 5 beds | 2 baths STAFF AVE 7 CASINO19ST

9 VANESSA 9 VANESSA 9 VANESSA CRT CRT CRT

$1,250,000

$1,270,000 $850,000

$1,015,000

$1,175,000 7 CASINO ST 4 beds | 2 baths | 2 cars 556 m² 5

$1,300,000


Top 10 House Sales Address

Sold date

Land size

Price

1

15

TARWIN AVE

4/7/2018

601m2

$1,450,000

2

11

EDWIN PL

9/8/2018

550m2

$1,300,000

3

11

CONSOLO AVE

11/8/2018

589m2

$1,270,000

4

36

JOHN WARREN AVE

16/6/2018

662m2

$1,250,000

5

7

CASINO ST

14/8/2018

556m2

$1,175,000

Properties included may/may not be sold by Ray White


Address

Sold date

Land size

Price

6

16

JOHN WARREN AVE

21/6/2018

546m2

$1,175,000

7

38

HUNGERFORD DR

22/6/2018

653m2

$1,150,000

8

9

LORD WAY

6/6/2018

546m2

$1,150,000

9

16

KINGSMERE DR

3/6/2018

555m2

$1,095,000

10

30

KNIGHTSBRIDGE AVE

2/7/2018

600m2

$1,085,000

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 $1,100,000

24 22

$1,000,000

20 18

$900,000

16 14

$800,000

12

6 $600,000

4 2

$500,000 AUG

JULY

JUN

MAY

APR

MAR

FEB

JAN 2018

DEC

NOV

OCT

0

NUMBER OF SALES

8

SEP

MEDIAN SALE PRICE

10 $700,000

MONTH

Number of sales

Median sale price

9


Recent Activity Sales by Price - Past 12 months House

Unit

0-$200K

1

1

1%

Past 12 Months

$300K-$400K

1

1

1%

140 Sales

$500K-$600K

1

1

1%

$700K-$800K

7

$800K-$900K

14

14

$900K-$1M

49

49

35%

$900K-$1M

$1M-$1.25M

48

48

35%

49 Sales

$1.25M-$1.5M

12

12

$1.5M-$1.75M

2

2

2

6%

9

10%

9% 1%


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

Ray White Castle Hill is the proud sponsor of

Glenwood | Market Report October 2018  

Produced by Ray White Castle Hill

Glenwood | Market Report October 2018  

Produced by Ray White Castle Hill