Market Report - Bella Vista & Bella Vista Waters | Autumn 2017

Bella Vista & Bella Vista Waters 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

Based on 7112 recorded House last last months 12 months (2016)sales (2016)within the 12 House months (2016) Based Based on Based 71 onrecorded on 71last recorded 71 recorded House House sales sales within sales within the within thethe laston last 1212 last months 12 months 12 period months (2016) (2016) (2016) Based onBased a rolling a rolling month12 monthand period mayand differ may differ Basedfrom on acalendar rolling month period and may differ from12 calendar year statistics year statistics from calendar year statistics Based Based onBased a on rolling aon rolling 12 a rolling month 12 month 12 period month period and period may and and may differ may differdiffer from from calendar from calendar calendar year year statistics year statistics statistics

Previous Previous MedianMedian Price: $1,359,000 Price: $1,359,000 Previous Median Price: $1,359,000 Current Current Current Median Median Median Price: Price: $1,480,000 Price: $1,480,000 $1,480,000 Previous Previous Previous Median Median Median Price: Price: $1,359,000 Price: $1,359,000 $1,359,000

Based on 174 Based recorded on 174House recorded sales House compared sales compared over the last over twothe last two 12 House month rolling periods 12 month periodsover the last two Based on 174 rolling recorded sales compared rolling 12 month periods BasedBased on 174 Based onrecorded 174 on recorded 174House recorded House sales House sales compared sales compared compared over the over last over thetwo last thetwo last two rollingrolling 12 month rolling 12 month periods 12 month periods periods

recen t ly sol d propert ies

90 BINGARA 90 BINGARA CRES CRES 90 BINGARA CRES 90 BINGARA 90 90 BINGARA BINGARA CRES CRES CRES

SOLD $1,395,000 90 BINGARA CRES 4 bed | 2 bath | 2 garages 701 m² 14 SPRINGFIELD 14 SPRINGFIELD CRES CRES 14 SPRINGFIELD CRES 14 SPRINGFIELD 14 14 SPRINGFIELD SPRINGFIELD CRES CRES CRES

SOLD $1,350,000 14 SPRINGFIELD CRES 4 bed | 3 bath | 2 garages 825 m²

4 STANHOPE 4 STANHOPE ROW ROW 4 STANHOPE ROW 4 STANHOPE 4 STANHOPE 4 STANHOPE ROW ROW ROW

Basedfrom on acalendar rolling month period and may differ from12 calendar year statistics year statistics from calendar year statistics Based Based onBased a on rolling aon rolling 12 a rolling month 12 month 12 period month period and period may and and may differ may differdiffer from from calendar from calendar calendar year year statistics year statistics statistics

3 THE 3POINTE THE POINTE 3 THE POINTE 3 THE 3 THE 3POINTE THE POINTE POINTE

SOLD $1,820,000

SOLD $1,850,000

4 STANHOPE ROW 5 bed | 3 bath garages 733 m² 7 ARABELLA 7 ARABELLA PL | 4PL 7 ARABELLA PL 7 ARABELLA 7 ARABELLA 7 ARABELLA PL PL PL

SOLD $1,445,000

3 THE POINTE bed5| 2 bathPL | 3 garages 422 m² 54BARRABA BARRABA PL 5 BARRABA PL 5 BARRABA 5 BARRABA 5 BARRABA PL PL PL

SOLD $1,400,000

7 ARABELLA PL 4 bed | 2 bath | 2 garages 722 m²

27 PAULA 27 PAULA PEARCE PEARCE PL PL PITTMAN 1 be PITTMAN PLby RayPL Source: pricefinder.com.au | Properties included may or1 may not sold White 27 PAULA PEARCE PL 1 PITTMAN PL 27 PAULA 27 27 PAULA PAULA PEARCE PEARCE PEARCE PL PL PL 1 PITTMAN 1 PITTMAN 1 PITTMAN PL PL PL $1,253,000 $1,253,000

Based on recorded House monthsmonths (2016) sales (2016)within the 12 months (2016) Based Based on Based recorded on on recorded recorded House House House sales sales within sales within the within 12 thethe 12 12 months months months (2016) (2016) (2016) Based onBased a rolling on 12 a rolling month12 period monthand period mayand differ may differ

5 BARRABA PL 4 bed | 3 bath | 2 garages 765 m²

10 WOODBRIDGE 10 WOODBRIDGE PL PL 10 WOODBRIDGE PL 10 WOODBRIDGE 10 10 WOODBRIDGE WOODBRIDGE PL PL PL $1,800,000 $1,800,000

$2,825,000 $2,825,000

Median Sale Price

$1.48m

Suburb Growth

+8.9%

33WAINWRIGHT MEWS WAINWRIGHT 3 WAINWRIGHT MEWS MEWS 33WAINWRIGHT WAINWRIGHT 3 WAINWRIGHT MEWS MEWS MEWS

SOLD $1,790,000

5

# Sold Properties

71

11 PL 11ARABELLA ARABELLA 11 ARABELLA PL PL

10 RISE 10MONTPELLIER MONTPELLIER 10 MONTPELLIER RISERISE

11 11ARABELLA ARABELLA 11 ARABELLA PL PL PL

10 10MONTPELLIER MONTPELLIER 10 MONTPELLIER RISE RISERISE

SOLD $1,650,000

SOLD $2,000,000

3 WAINWRIGHT MEWS 4 bed | 4 bath | 3 garages 736 m² 15 DE RISE 15 DE 15VILLIERS VILLIERS DE VILLIERS RISERISE

11 ARABELLA PL 5 bed | 2 bath | 3AVE garages 745 m² 59 59NORTHRIDGE NORTHRIDGE 59 NORTHRIDGE AVEAVE

15 15DE DE 15VILLIERS VILLIERS DE VILLIERS RISE RISERISE

59 59NORTHRIDGE NORTHRIDGE 59 NORTHRIDGE AVE AVEAVE

SOLD $2,550,000

85 85BRIGHTON BRIGHTON 85 BRIGHTON DR DR DR

SOLD $2,580,000

15 DE VILLIERS RISE 4 bed | 4 bath | 2 garages 956 m²

SOLD $1,290,000

59 NORTHRIDGE AVE 5 bed | 4 bath | 4 garages 818 m²

57 AVE 80 Source: pricefinder.com.au not sold byCRES Ray White 57PRESTIGE PRESTIGE 57 PRESTIGE AVEAVE | Properties included may or may 80BINGARA BINGARA 80beBINGARA CRES CRES $1,702,000

10 MONTPELLIER RISE 585 bed | 4 bath | 3DR garages 1,046 m² 85BRIGHTON BRIGHTON 85 BRIGHTON DR DR

85 BRIGHTON DR 3 bed | 2 bath | 2 garages 371 m² 16 POINTE 16THE THE 16 THE POINTE POINTE

$1,280,000

$1,600,000

BELL A VISTA | t op 10 house sa l es ADDRESS

SOLD DATE

LAND SIZE (m2)

PRICE

1

4

STANHOPE ROW

2/14/2017

733m2

$1,820,000

2

1

PITTMAN PL

12/19/2016

923m2

$1,800,000

3

57

PRESTIGE AVE

11/6/2016

764m2

$1,702,000

4

11

ARABELLA PL

12/4/2016

745m2

$1,650,000

5

7

ARABELLA PL

1/23/2017

722m2

$1,445,000

6

5

BARRABA PL

12/23/2016

765m2

$1,400,000

7

90

BINGARA CRES

2/16/2017

701m2

$1,395,000

8

14

SPRINGFIELD CRES

2/1/2017

825m2

$1,350,000

9

80

BINGARA CRES

11/5/2016

700m2

$1,280,000

10

27

PAULA PEARCE PL

12/22/2016

864m2

$1,253,000

Properties included may/may not be sold by Ray White

BELL A VISTA WAT ERS | t op 10 house sa l es ADDRESS

SOLD DATE

LAND SIZE (M2)

PRICE

1

10

WOODBRIDGE PL

12/16/2016

810m2

$2,825,000

2

59

NORTHRIDGE AVE

12/1/2016

818m2

$2,580,000

3

15

DE VILLIERS RISE

12/1/2016

956m2

$2,550,000

4

14

ASHBURN CL

10/17/2016

836m2

$2,235,000

5

10

MONTPELLIER RISE

12/2/2016

1,046m2

$2,000,000

6

3

THE POINTE

2/10/2017

422m2

$1,850,000

7

3

WAINWRIGHT MEWS

12/11/2016

736m2

$1,790,000

8

4

THE POINTE

10/11/2016

456m2

$1,690,000

9

16

THE POINTE

11/4/2016

422m2

$1,600,000

10

85

BRIGHTON DR

11/21/2016

371m2

$1,290,000

Properties included may/may not be sold by Ray White

7

AUS T R A L I A DAY 2017

medi a n house p rices

9

12

$2,200,000

11 10

$2,000,000

9 $1,800,000

8

$1,600,000

6 5

$1,400,000

4 3

$1,200,000

2 1

$1,000,000

SALE MONTH

Number of sales

Median sale price

JAN 2017

DEC

NOV

OCT

SEP

AUG

JUL

JUN

MAY

APR

MAR

FEB

0

NUMBER OF SALES

MEDIAN SALE PRICE

7

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

Aroha Gilbert 0412 067 934

Matthew Langdon 0431 037 478

Hilda Bandiera 9680 2255

Paul Conti 0414 981 005

Karl Anthony 0457 120 174

Jose Reyna 0414 914 127

Hannah Dowling 9680 2255

Kieron Stedman 0433 124 734

Glenn Hagan 0434 984 374

Odette Roach 9680 2255

Joel Simpson 0450 907 598

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