Market Report - Baulkham Hills | September 2017

Baulkham Hills Market Report Spring 2017

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Ray White Castle Hill is the proud sponsor of

Welcome There is certainly a lot of “noise� in our marketplace currently with talk of the bubble supposedly bursting. The truth is the rhetoric is not always accurate and it is important we consider what this means to our local residents.

There is no question that some factors which are being highlighted are worthy of consideration. The market has been so strong for so long and it would not be a surprise to see a period of stability. I do believe however in the main, that if you were to read the news the market is about to crash. I cannot agree with the sentiment as the evidence does not point to this.

One of the downsides to the negative press is that there can be somewhat of a placebo effect and it would be fair to say, we have had many buyers talking down the market. Our role is always to assist the vendors in getting the best possible price and so, while we may need to reallocate resources to focus more attention on a slightly smaller pool of buyers than what we saw at the peak of the market, this is something we will maintain as a priority.

year 2016/17, 61 sold for prices at or above the vendor’s expectations. A figure no other agent in our market place could come close to claiming. I share this not to brag but to assure you that if your property is in the right hands, the waters can be navigated effectively even if they become a little more challenging.

We continue our support of the local community through our major sponsorship of the Castle Hill Bowling Club as well as local based charity Give & Take. We are always on the lookout to partner with groups in our community so, if you do know of any please feel free to contact us directly.

Philip Kelly and David Dowling Directors | Ray White Castle Hill

Auctions give a great indication of how a market is travelling. It is fair to say that some local agents have struggled of late with slipping success rates and on occasions cancelling auctions placing vendors interests in great danger. I am delighted to report that of the 63 on-site auctions submitted in the financial

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the the last last 12 the months 12 last months 12 (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) Based Based on Based on 340 340 recorded on recorded 340 recorded House House sales House sales within within sales within thethe lastlast 12the months 12last months 12(Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) Based Based on aon Based rolling a rolling on 12 a month 12 rolling month period 12period month andand may period may differ and differ may differ from calendar calendar from year calendar year statistics statistics year statistics Based Based on aon Based rolling afrom rolling on 12 a month 12 rolling month period 12 period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics

Current Current Median Current Median Price: Median Price: $1,200,000 Price: $1,200,000 $1,200,000 Previous Previous Previous Median Median Price: Median Price: $1,075,000 Price: $1,075,000 $1,075,000 Previous Previous Previous Median Median Price: Median Price: $1,075,000 Price: $1,075,000 $1,075,000

Based Based on 761 onBased recorded 761 recorded on House 761 recorded House salessales compared House compared sales overcompared over the last the two last overtwo the last two rolling rolling 12recorded month 12 rolling month periods 12 periods month periods Based Based on 761 onBased recorded 761 recorded on House 761 House sales sales compared House compared sales over compared over the last the two last overtwo the last two

Recently sold properties

3 JAMBEROO 3 JAMBEROO 3 JAMBEROO AVE AVE AVE 3 JAMBEROO 3 JAMBEROO 3 JAMBEROO AVE AVE AVE

rolling rolling 12 month 12 rolling month periods 12 periods month periods

26 26 CONNELL CONNELL 26 CONNELL CLCL CL 26 26 CONNELL CONNELL 26 CONNELL CLCL CL

$1,170,000 3 JAMBEROO AVE 329 bed | 2AVE bathAVE | 2 garages 807 m² 29 29 MERYLL MERYLL MERYLL AVE 29 29 MERYLL MERYLL 29 MERYLL AVE AVE AVE

Based Based on aon Based rolling a rolling on 12 a month 12 rolling month period 12period month andand may period may differ and differ may differ from calendar calendar from year calendar year statistics statistics year statistics Based Based on aon Based rolling afrom rolling on 12 a month 12 rolling month period 12 period month and and may period may differ and differ may differ fromfrom calendar calendar from year calendar year statistics statistics year statistics

21 21 ASTORIA ASTORIA 21 ASTORIA PARK PARK RD PARK RD RD 21 21 ASTORIA ASTORIA 21 ASTORIA PARK PARK RD PARK RD RD

$1,325,000 26 CONNELL CL bed | 2ST bath garages 753 m² 4 ACKLING 44 ACKLING 4 ACKLING ST | 2ST 4 ACKLING 4 ACKLING 4 ACKLING STST ST

$950,000 29 MERYLL AVE 4 bed | 1 bath | 1 garages 803 m²

months months (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) Based Based on Based on recorded recorded on recorded House House sales House sales within within sales the within the 12 12 the 12 months months (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017)

$1,570,000 21 ASTORIA PARK RD |1 3 TRISTANIA bathCRT | 4CRT garages 14TRISTANIA 1bed TRISTANIA CRT 820 m² 1 TRISTANIA 1 TRISTANIA 1 TRISTANIA CRT CRT CRT

$1,100,000 4 ACKLING ST 3 bed | 2 bath | 1 garages 727 m²

Source: pricefinder.com.au | Properties included may 18 or may not18 be sold byDR Ray White 18 GOODEN GOODEN GOODEN DR DR

18 18 GOODEN GOODEN 18 GOODEN DRDR DR

$1,490,000 1 TRISTANIA CRT 5 bed | 4 bath | 2 garages 750 m² 46 46 FAIRMONT FAIRMONT 46 FAIRMONT AVE AVE AVE 46 46 FAIRMONT FAIRMONT 46 FAIRMONT AVE AVE AVE

$600,000 $600,000 $600,000

$649,000 $649,000 $649,000

last 12 months last 12(Financial months (Financial Year 2017) Year 2017) Based Based onBased 239 on on recorded 239 recorded UnitUnit sales sales Unit within within sales the within the the Based on 239 arecorded rolling 12 month period and may differ lastlast 12 months 12 last months 12(Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) from year statistics Based on a Based rolling 12 oncalendar month a rolling period 12 month and may period differ and may differ from calendar from year calendar statistics year statistics

Based Based on aon Based rolling a rolling 12 on month a12 rolling month period 12period month andGrowth and may period may differ and differ may differ Suburb # Sold fromfrom calendar calendar from year calendar year statistics statistics year statistics

HOUSE +11.6%

4/3 -7 JAMES ST 4/3 -7 JAMES 4/3 -7 ST JAMES ST

340

4/3 4/3 -7 JAMES -74/3 JAMES -7 ST JAMES ST ST

Previous Previous Median Price: Median $750,000 Price: $750,000 Current Current Median Current Median Price: Median Price: $770,000 Price: $770,000 $770,000

Based on 512 recorded Unit sales compared over the last two Previous Previous Previous Median Median Median Price: $750,000 Price: $750,000 $750,000 rolling 12Price: month periods Based on 512 Based recorded on Unit 512 sales recorded compared Unit sales overcompared the last two over the last two rolling 12 month rolling periods 12 month periods

months (Financial months (Financial Year 2017) Year 2017) Based Based onBased recorded on on recorded Unit Unit sales sales Unit within within sales the the 12 Based on arecorded rolling 12 month period and maywithin differ12the 12 months months (Financial months (Financial (Financial Year Year 2017) 2017) Year 2017) from year statistics Based on a Based rolling 12 oncalendar month a rolling period 12 month and may period differ and may differ from calendar from year calendar statistics year statistics

Based Based on aon Based rolling a rolling 12 on month a12 rolling month period 12period month and and may period may differ and differ may differ Based Based on 512 onBased recorded 512 recorded on Unit 512 sales recorded Unit sales compared Unit compared sales over compared the overlast thetwo last overtwo the last two # Sold Suburb Growth Properties Properties

UNIT +2.7%

rollingrolling 12 month 12rolling month periods 12 periods month periods

239 9/3 CHRISTOPHER ST

fromfrom calendar calendar from year calendar year statistics statistics year statistics

2/66 -68 JENNER ST 2/66 -68 2/66 JENNER -68 JENNER ST ST

9/3 CHRISTOPHER 9/3 CHRISTOPHER ST ST

2/66 2/66 -68-68 2/66 JENNER JENNER -68 JENNER ST ST ST

9/3 9/3 CHRISTOPHER CHRISTOPHER 9/3 CHRISTOPHER ST ST ST

$920,000

$990,000

$1,050,000

4/3 -7 JAMES ST 11/19-21 KENNETH AVE bed | 2 bath | 2 garages 11/19-21311/19-21 KENNETH KENNETH AVE AVE

2/66-82 -68OLD JENNER ST 29/78 NORTHERN RD bed | 2 bath | 2 garages 29/783 -82 29/78 OLD -82 NORTHERN OLD NORTHERN RD RD

9/3 CHRISTOPHER ST ST 4/2A CHRISTOPHER 3 bed | 4/2A 3 bath | 2 garages 4/2A CHRISTOPHER CHRISTOPHER ST ST

11/19-21 11/19-21 11/19-21 KENNETH KENNETH KENNETH AVE AVE AVE

29/78 29/78 -8229/78 -82 OLD OLD -82 NORTHERN NORTHERN OLD NORTHERN RDRD RD

4/2A 4/2A CHRISTOPHER CHRISTOPHER 4/2A CHRISTOPHER ST ST ST

$1,000,000

$680,000

11/19-21 KENNETH AVE 29/78 -82 OLD NORTHERN RD 3 bed | 2 bath | 2 garages 2 bed | 2 bath | 1 garages 10/1 KENNETH AVE 38/40 -42 JENNER ST 10/1 KENNETH 10/1 KENNETH AVE AVE| Properties included may38/40 JENNER JENNER ST Source: pricefinder.com.au or may -42 not38/40 be sold-42

by Ray White ST 10/1 10/1 KENNETH KENNETH 10/1 KENNETH AVE AVE AVE

$770,000 38/40 38/40 -4238/40 -42 JENNER JENNER -42 JENNER ST ST ST $770,000 $770,000

$1,087,500 4/2A CHRISTOPHER ST 3 bed | 2 bath | 2 garages

$750,000 $750,000 $750,000

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Top 10 house sales Address

Sold date

Land size

Price

1

40

CANYON RD

6/5/2017

977.8m2

$1,623,000

2

21

ASTORIA PARK RD

22/7/2017

819.5m2

$1,570,000

3

14

KEENE ST

10/6/2017

1024m2

$1,560,000

4

16

PENINSULA WAY

31/5/2017

288m2

$1,550,000

5

1

GOODEN DR

20/5/2017

695.6m2

$1,522,000

6

4

RADIATA AVE

3/6/2017

750m2

$1,518,000

7

1

TRISTANIA CRT

15/7/2017

750m2

$1,490,000

8

50

REIBY DR

1/7/2017

695.6m2

$1,470,000

9

9

EUCALYPTUS CRT

19/5/2017

769.9m2

$1,460,000

10

39

CROSS ST

3/5/2017

1012m2

$1,450,000

Properties included may/may not be sold by Ray White

Top 10 unit sales Address

Sold date

Price

1

4/2

CHRISTOPHER ST

16/7/2017

$1,087,500

2

9/3

CHRISTOPHER ST

24/7/2017

$1,050,000

3

11/3

THE COTTELL WAY

9/6/2017

$1,005,000

4

5/71

RAILWAY ST

21/5/2017

$1,000,000

5

11/19

KENNETH AVE

22/7/2017

$1,000,000

6

2/66

JENNER ST

24/7/2017

$990,000

7

8/59

JENNER ST

6/6/2017

$980,000

8

11/3

CHRISTOPHER ST

11/6/2017

$970,000

9

7/8

THE COTTELL WAY

20/5/2017

$960,000

10

5/29

RAILWAY ST

15/5/2017

$950,000

Properties included may/may not be sold by Ray White

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Early work on the $900 million upgrade of Castle Towers is progressing and construction schedules are being finalised.

The Joint Regional Planning Panel approved the much awaited redevelopment plans for Castle Towers in September last year.

At the time, QIC Global Real Estate managing director Steven Leigh, said: “The new Castle Towers will be as much about lifestyle, recreation, entertainment, experiential events and dining as it will be an outstanding retail destination.”

The transformation of the neighbourhood surrounding the future Castle Hill Station has already begun, with a number of major developments already begun or in advanced stages of planning approval.

The redevelopment will increase the size Castle Towers by up to 80,000sqm and increase parking capacity to more than 8000 vehicles.

Castle Towers already acts as the gravitational centre of the Castle Hill CBD, providing a significant retail, entertainment and employment hub for the region.

Its redevelopment will only enhance that role, with an updated cinema complex, dining and retail areas, as well as creating an estimated 2373 jobs.

The plaza to be built around the new metro station will be designed with pedestrian flow to and from Castle Towers in mind.

Castle Towers is also expected to be designed to allow through pedestrian access at all times.

Using licence-plate recognition to track parking without the need for a paper ticket means vehicles will not be required to stop on entry to wait for a ticket to be issued, ensuring entry and exit from the carpark will be quick and easy.

When activated, parking will be free for the first three hours. Cinema patrons will also be able to access an additional hour of free parking after validation.

Parking fees will start at $5 with timed rates up to maximum daily rate of $40.

Entry will be free after 6pm.

Source: The Daily Telegraph - March 7, 2017 http://www.dailytelegraph.com.au/newslocal/hills-shire-times/week-2what-castle-hill-could-look-like-in-2037/news-story/be72a892e9056e4197b4b36bd920fcbc

Median house prices $1,500,000

60 55 50

$1,250,000

45 40

$2,000,000

35 $1,750,000

30

$1,500,000

20 15

$1,250,000

10 5 0 JULY

JUN

MAY

APR

MAR

FEB

JAN 2017

DEC

NOV

OCT

SEP

AUG

$1,000,000

NUMBER OF SALES

MEDIAN SALE PRICE

25

SALE MONTH

Number of sales

Median sale price

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Understanding the market

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 team

Philip Kelly 0407 000 991

Daniel Llamas 0421 908 736

Peter Iann 0488 002 222

Aroha Gilbert 0412 067 934

Andy Lin 0433 433 093

Hilda Bandiera 9680 2255

Paul Conti 0414 981 005

Robbie Awad 0428 888 648

Kael Sharp 0435 821 736

Hannah Dowling 9680 2255

Brett Macartney 0431 073 780

Kieron Stedman 0433 124 734

Odette Roach 9680 2255

Joel Simpson 0450 907 598

Brittney Willmette 9680 2255

Matthew Langdon 0431 037 478

Margarete Kwarcinski 9680 2255

Joseph Meyer 0417 675 741

Karl Anthony 0457 120 174

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

raywhitecastlehill.com.au