Market Report - Baulkham Hills 2 | Autumn 2017

baulkham hills MARKET REPORT AUTUMN 2017

Ray White Castle Hill is the proud sponsor of

Give

Take

Wel come

3

The year is now back into full swing which gives us an opportunity to examine exactly what happened to the Hills property market in 2016. Two major trends stood out. Firstly, the volume of sales across North West Sydney was significantly down and secondly that the value of properties in our market reached new heights.

We are looking forward to continuing our support of local organisations in 2017 which include local charity Give & Take as well as the Castle Hill Bowling Club. As part of the broader brand we have also committed to sponsoring the NSW Waratahs once again in the upcoming Super Rugby season and we wish them all the best.

According to Pricefinder and consistent with our own perception and analysis, Castle Hill, Kellyville and Baulkham Hills all recorded the lowest number of transactions in over 20 years which is quite remarkable. What is even more remarkable is that these three suburbs recorded the highest volume of $1,000,000 plus sales for 2016. It is clear that house prices significant increase in value is being realised and when we add in Cherrybrook which also features on the list below, it certainly appears that the North West Rail Link has had a significant impact on these prices along with a shortage of stock.

These are both exciting and interesting days within our market place and we look forward to keeping you informed as the year unfolds.

While none of us have a crystal ball it will be interesting to see if the volume of sales pick up and if so, what impact that may have on prices.

Philip Kelly and David Dowling Directors | Ray White Castle Hill

Suburb

State

Number of sales over $1M

Castle Hill

NSW

237

Kellyville

NSW

207

Baulkham Hills

NSW

200

Glen Waverley

VIC

181

Mount Waverley

VIC

166

St Ives

NSW

157

Bentleigh East

VIC

153

Doncaster East

VIC

141

Cherrybrook

NSW

132

Ryde

NSW

130

Source: The Australian December 2016

the the lastlast the 12 months last 12 months 12 months (2016) (2016) (2016) Based Based on Based 363 on 363 recorded on recorded 363 recorded House House sales House sales within sales within within the the last last the 12 months last 12 months 12month months (2016) (2016) (2016) Based Based on Based a on rolling a rolling on12 a rolling month 12 month 12 period period andperiod may and may differ and differ may differ

Previous Previous Previous Median Median Median Price: Price: $1,081,500 Price: $1,081,500 $1,081,500 Current Current Current Median Median Median Price: Price: $1,100,000 Price: $1,100,000 $1,100,000 Previous Previous Previous Median Median Median Price: Price: $1,081,500 Price: $1,081,500 $1,081,500

fromfrom calendar calendar from year calendar year statistics statistics year statistics

BasedBased on 817 Based onrecorded 817on recorded 817 House recorded House salesHouse sales compared compared salesover compared the overlast the over two lastthe two last two rollingrolling 12 month rolling 12 month periods 12 month periods periods

Based Based on Based a on rolling a rolling on12 a rolling month 12 month 12 period month period andperiod may and may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics

BasedBased on 817 Based onrecorded 817on recorded 817 House recorded House salesHouse sales compared compared salesover compared the overlast the over two lastthe two last two rollingrolling 12 month rolling 12 month periods 12 month periods periods

recen t ly sol d propert ies

months months months (2016) (2016) (2016) Based Based on Based recorded on recorded on recorded House House sales House sales within sales within the within the 12 12 the 12 months months months (2016) (2016) (2016) Based Based on Based a on rolling a rolling on12 a rolling month 12 month 12 period month period andperiod may and may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics

Based Based on Based a on rolling a rolling on12 a rolling month 12 month 12 period month period andperiod may and may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics

59 SEVEN 59 SEVEN 59 SEVEN HILLS HILLS RD HILLS RD RD

16 ALYSSE 16 ALYSSE 16 ALYSSE CL CL CL

13 CALLISTEMON 13 CALLISTEMON 13 CALLISTEMON CL CL CL

59 SEVEN 59 SEVEN 59 SEVEN HILLS HILLS RD HILLS RD RD

16 ALYSSE 16 ALYSSE 16 ALYSSE CL CL CL

13 CALLISTEMON 13 CALLISTEMON 13 CALLISTEMON CL CL CL

SOLD $1,040,000

SOLD $1,220,000

SOLD $1,240,000

59 SEVEN HILLS RD 3 bed | 1 bath | 2 garages 828 m² 60 MACKILLOP 60 MACKILLOP 60 MACKILLOP DR DR DR

16 ALYSSE CL 4 bed | 2 bath | 2 garages 702 m² 73 LUCULIA 73 LUCULIA 73 LUCULIA AVE AVEAVE

13 CALLISTEMON CL 4 bed | 2 bath | 2 garages 767 m² 12 QUINTANA 12 QUINTANA 12 QUINTANA AVE AVEAVE

60 MACKILLOP 60 MACKILLOP 60 MACKILLOP DR DR DR

73 LUCULIA 73 LUCULIA 73 LUCULIA AVE AVEAVE

12 QUINTANA 12 QUINTANA 12 QUINTANA AVE AVEAVE

SOLD $1,250,000 60 MACKILLOP DR 4 bed | 2 bath | 2 garages 755 m²

SOLD $1,250,000 73 LUCULIA AVE 3 bed | 2 bath | 2 garages 817 m²

pricefinder.com.au beST sold

by ST Ray White 39 MERINDAH 39 Source: MERINDAH 39 MERINDAH RD RD RD | Properties included may or3may KENT 3not KENT 3 KENT ST

SOLD $1,338,000 12 QUINTANA AVE 4 bed | 2 bath | 1 garages 696 m² 8 THERESE 8 THERESE 8 THERESE CRT CRTCRT

laston 12176 months (2016) Based recorded Unit sales within the lastrecorded 12 months (2016) Based Basedon Based on176 176recorded on recorded 176 Unit Unit sales sales Unit within within salesthe within the the last last1212months last months 12 months (2016) (2016)(2016) Based on a rolling 12 month period and may differ

Price: $743,875 PreviousCurrent MedianMedian Price: $743,000 Current Current Current Median Median Median Price: Price:$743,875 Price: $743,875 Previous Median Price:$743,875 $743,000 Previous Previous Previous Median Median Median Price: Price:$743,000 Price: $743,000 $743,000

Based on 390 recorded Unit sales compared over the last two

(2016) Based months on recorded Unit sales within the 12 months (2016) Based Basedon Based onrecorded recorded on recorded Unit Unit sales sales Unit within within salesthe within the1212the 12 months months months (2016) (2016)(2016) Based on a rolling 12 month period and may differ

rolling 12 month periods from calendar year from calendar year Based on a rolling 12statistics month period and may differ Based on a rolling 12statistics month period and may differ Based on 390 recorded Unit sales compared over the last two rolling 12 month periods from calendar year statistics from calendar year statistics 5 differ Based Basedonon Based a arolling rolling on12 a 12 rolling month month 12 period period month and and period may may differ and differ may differ Based Based on on Based a a rolling rolling on 12 a 12 rolling month month 12 period period month and and period may maydiffer and differ may Based Based on on 390 Based 390 recorded recorded on 390 Unit recorded Unit sales sales compared Unit compared sales over compared over the the last last over two two the last two Suburb Growth Suburb Growth # Sold Properties # Sold Properties rolling rolling 1212 month rolling month periods 12 periods month periods from fromcalendar calendar from year calendar yearstatistics statistics year statistics from fromcalendar calendar from year calendar yearstatistics statistics year statistics

HOUSE +1.7%

UNIT -0.1%

363

20/2-8 HILL ST 1/1B JOHN ST 20/2-8 HILL ST 20/2-8 20/2-820/2-8 HILL HILLST ST HILL ST

38/321 WINDSOR RD 38/321 WINDSOR RD 38/321 38/321 38/321 WINDSOR WINDSOR WINDSOR RD RD RD

SOLD $791,000

SOLD $590,000

20/2-8 HILL ST

3 bed | 2 bathST | 2 garages 1/1B JOHN ST 9/70-72 JENNER 1/1B JOHN ST 1/1B 1/1BJOHN JOHN 1/1B ST JOHN ST ST

38/321 WINDSOR RD 2 bed | 1 bath ST | 1 garages 42/1 RUSSELL $862,000

SOLD $855,000

SOLD $695,000

176

1/2-4 RAILWAY 10/21-23 COOKST ST 1/2-4 RAILWAY ST 1/2-4 1/2-4RAILWAY 1/2-4 RAILWAY RAILWAY ST ST ST

SOLD $702,000 1/2-4 RAILWAY ST 310/21-23 bed | 2 bath | 2ST garages COOK 10/21-23 COOK ST 10/21-23 10/21-23 10/21-23 COOK COOKCOOK ST ST ST

SOLD $860,000

Feb

2017 91 Days

3,103 m²

3

2

2

1/1B JOHN ST 42/1 RUSSELL ST 2 bed | 2 bath | 1 garages 32bed | 2 bath | 2 garages 9/70-72 JENNER ST RUSSELL ST White Source: pricefinder.com.au | Properties included may or 42/1 may not be sold by Ray 9/70-72 JENNER ST 42/1 RUSSELL ST 9/70-72 9/70-72 9/70-72 JENNER JENNER JENNER ST ST ST 42/1 42/1RUSSELL RUSSELL 42/1 RUSSELL ST ST ST $862,000

10/21-23 COOK ST 3 bed | 2 bath | 2 garages

t op 10 house sa l es ADDRESS

SOLD DATE

LAND SIZE (m2)

PRICE

1

12

JAMBEROO AVE

$1,460,000

697m2

$1,460,000

2

7

ARABELLA PL

$1,445,000

722m2

$1,445,000

3

244

SEVEN HILLS RD

$1,440,000

940m2

$1,440,000

4

18

BAULKHAM HILLS RD

$1,412,000

696m2

$1,412,000

5

8

THERESE CRT

$1,365,000

791m2

$1,365,000

6

27

BROWNE PL

$1,360,000

797m2

$1,360,000

7

12

QUINTANA AVE

$1,338,000

696m2

$1,338,000

8

3

KALIMNA DR

$1,325,000

715m2

$1,325,000

9

33

JULIANA CRES

$1,321,000

752m2

$1,321,000

10

5

CHARLES ST

$1,314,000

760m2

$1,314,000

Properties included may/may not be sold by Ray White

t op 10 uni t sa l es

7

ADDRESS

SOLD DATE

PRICE

1

6/38

SOLENT CCT CCT

12/19/2016

$995,000

2

8/12

JAMES ST

11/1/2016

$960,000

3

15/17

CONIE AVE

11/8/2016

$921,000

4

46/3

SPURWAY DR

11/5/2016

$911,500

5

9/70

JENNER ST

11/19/2016

$900,000

6

10/21

COOK ST

12/6/2016

$898,000

7

18/55

OLD NORTHERN RD

12/12/2016

$890,000

8

1/1

JOHN ST

1/28/2017

$860,000

9

33/1

MERYLL AVE

11/4/2016

$830,000

10

9/9

OAKLAND AVE

2/6/2017

$828,000

Properties included may/may not be sold by Ray White

Urba n Design P l a n f or ne w R a il Northwest Rapid Transit has prepared an Urban Design and Corridor Landscape Plan (UDCLP) for the Sydney Metro Northwest project.

Artist impression of Castle Hill urban design and landscaping

The plan outlines the architectural and landscape design proposed for the new stations and precincts of the Sydney Metro Northwest. It describes what the new stations, services facilities and precincts from Cudgegong Road Station to the Epping Services Facility will look like when completed.

The plan provides an overview of how each station and precinct will align features of the landscape and architectural design. In summary, how NRT will deliver: •

Stations (open cut, elevated and underground), that meet functional and operational requirements and embrace the character of the local community.

•

Stations that integrate with the adjacent precinct and maximise the potential to derive social cultural economic and environmental benefits for the community over the long term.

•

Landscaping at each site that is designed to benefit the local environment and community. Our focus is on landscaping that is: respectful of natural and cultural settings ­both local and regional - and designed to mitigate the impact of the new infrastructure, including repairing disturbed ecosystems and providing sustainable settings.

•

Functional stations and precincts designed to promote pedestrian and cyclist access and facilitate multi-modal transport integration.

medi a n house p rices

9

$1,200,000

60 55 50

$1,100,000

45 40

$1,000,000 $900,000

30 25

$800,000

20 15

$700,000

10 5 0

SALE MONTH

Number of sales

Median sale price

FEB

JAN 2017

DEC

NOV

OCT

SEP

AUG

JUL

JUN

MAY

APR

MAR

$600,000

NUMBER OF SALES

MEDIAN SALE PRICE

35

unders ta nding t he marke t

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 T E A M David Dowling 0421 051 029

Philip Kelly 0407 000 991

Daniel Llamas 0421 908 736

Peter Iann 0488 002 222

Hilda Bandiera 9680 2255

Paul Conti 0414 981 005

Karl Anthony 0457 120 174

Aroha Gilbert 0412 067 934

Hannah Dowling 9680 2255

Kieron Stedman 0433 124 734

Odette Roach 9680 2255

Joel Simpson 0450 907 598

Jose Reyna 0414 914 127

Matthew Langdon 0431 037 478

Laura Robertson 9680 2255

Joseph Meyer 0417 675 741

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

raywhitecastlehill.com.au