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Baulkham Hills Market Report | Summer 2018 1


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


Welcome Throughout 2018 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 (opening in 2019), 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. As we draw near to Christmas, Ray White Castle Hill is once again supporting the Little Ray of Giving campaign - Ray White’s very own Christmas charity initiative that has since inception helped thousands of underprivileged people in our communities. This year, Ray White Castle Hill has chosen to support the Jesuit Refugee Service and throughout November and December, our office is requesting donations of nonperishable food items to be placed under our Christmas tree in the reception area. We would also like to, on behalf of the team at Ray White Castle Hill, take this opportunity to thank our local community for their continued support throughout 2018 and we look forward to assisting you with your property needs in 2019. We wish you all a very Merry Christmas and a prosperous New Year!

Philip Kelly and David Dowling Directors | Ray White Castle Hill

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BAULKHAM BAULKHAMHILLS HILLS--Recently RecentlySold SoldProperties Properties

Recently Sold Properties

115 CORONATION RD

Median MedianSale SalePrice Price

115115 CORONATION CORONATION 115 CORONATION RDRD RD

6 PARK RD

Suburb SuburbGrowth Growth

6 PARK 6 PARK 6RD PARK RD RD

20 BROULA AVE

##Sold SoldProperties Properties

20 20 BROULA BROULA 20 BROULA AVE AVE AVE

$1.17m $1.17m

-3.7% -3.7%

241 241

Based Based onon 241 241 recorded recorded House House sales sales within within the the last last 1212 months months (Oct (Oct '17'17 - Sep - Sep '18) '18)

Current Current Median Median Price: Price: $1,172,000 $1,172,000 Previous Previous Median Median Price: Price: $1,217,000 $1,217,000

Based Based onon recorded recorded House House sales sales within within the the 1212 months months (Oct (Oct '17'17 - Sep - Sep '18) '18)

Based Based onon a rolling a rolling 1212 month month period period and and may may differ differ from from calendar calendar year year statistics statistics

Based Based on on 598598 recorded recorded House House sales sales compared compared over over thethe lastlast twotwo rolling rolling 12 12 month month periods periods

Based Based onon a rolling a rolling 1212 month month period period and and may may differ differ from from calendar calendar year year statistics statistics

$860,000

115 CORONATION RD 43beds | 2 baths | 2 cars 688 m² BAROSSA 1717APOLLO APOLLO AVE AVE CRT 3 BAROSSA 3 BAROSSA 3 BAROSSA CRT CRT CRT

19 Days 19 Days

6 PARK RD 4 beds | 2 baths | 3 car 765 m² 6 6OLEANDER OLEANDERAVE AVE

$1,270,000 696696 m²m²

$1,018,888

20 BROULA AVE 4 beds | 2 bath | 2 car 1,019 m² 8 8HILDEGARD HILDEGARDPL PL

$1,012,500 $1,012,500

OctOct

2018 2018

$960,000

33

11

3 BAROSSA CRT 5 beds | 3 baths | 2 cars 776 m²

33

$1,175,700 6 OLEANDER AVE 4 beds | 2 bath | 2 car 696 m²

Source: not be sold PL byPL Ray White 7 7JOHN JOHN ST STpricefinder.com.au | Properties included may/may 6 6ELLIOTT ELLIOTT

$1,460,000 8 HILDEGARD PL 6 beds | 3 bath | 3 cars 907 m² 3434KAREELA KAREELARD RD


last 12 recorded months (Financial 2018) Based on 153 Unit salesYear within the last 12 months (Financial Year 2018) Based on a rolling 12 month period and may differ from calendar year statistics Based Based on 153 recorded recorded Unit sales sales within within the the Based on 153 aon rolling 12 monthUnit period and may differ lastlast 12 from months 1212months (Financial (Financial YearYear 2018) 2018) calendar year statistics Based on a rolling month period and may differ from calendar year statistics QUICK FACTS

Based Based on a on rolling a rolling 12 month 12 month period period and may and may differdiffer 11/17 -21from MERYLL AVE Suburb Growth from calendar calendar year year statistics statistics

HOUSE

11/17 -21 MERYLL AVE 11/17 -21 MERYLL AVE

-3.9%

11/17 11/17 -21 -21 MERYLL MERYLL AVE AVE

Previous Median Price: $787,500 Previous Median Price: $787,500 Based on 415 recorded Unit sales compared over the last two Current Current Median Median Price: Price: $786,500 $786,500 rolling 12 month periods Based on 415 recorded Unit sales compared over the last two Previous Previous Median Median Price: Price: $787,500 $787,500 rolling 12 month periods

Based on 415 recorded Unit sales compared over the last two rolling 12 month periods

QUICK FACTS

BasedBased on 415 onrecorded 415 recorded Unit sales Unit sales compared compared over the overlast thetwo last two 8/21 JENNER ST rollingrolling 12 month 12 month periods periods

# Sold Properties 8/21 JENNER ST 274 8/21 JENNER ST

UNIT

$650,000

Based on a rolling 12 month period and may differ months months (Financial (Financial Year 2018) 2018) from year Year statistics Based on a rolling 12calendar month period and may differ Based on afrom rolling 12 month period and may differ calendar year statistics from calendar year statistics Based Based on a on rolling a rolling 12 month 12 month period period and may and may differdiffer 15/3-9 AVE Growth # ARNDILL Sold Properties fromfrom calendar calendar year year statistics statistics

15/3-9 ARNDILL AVE -6.6% 161 15/3-9 ARNDILL AVE

6/2 -8 HILL ST 15/3-9 15/3-9 ARNDILL ARNDILL AVE AVE

$960,000 8/21 ST 2/27JENNER COOK ST 3 beds | 2 baths 2/27 COOK ST | 2 cars 2/27 COOK ST

$925,000

$836,000 2/27 COOK ST 3 beds | 2 baths | 2 cars

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

Sep

2018MERYLL AVE 89/1 59 Days m² 3 3 beds | 2 baths2,117 | 2 cars

Ba

27/78

S

$740,000 6/2 - 89/1 8 HILL ST MERYLL AVE 3 beds | 2 baths |AVE 2 cars 89/1 MERYLL 89/1 MERYLL AVE 2/48-50 CHELSEA AVE 89/189/1 MERYLL MERYLL AVE AVE

2/272/27 COOK COOK ST ST

10/310/3 THE THE COTTELL COTTELL WAY WAY

10/3 THE COTTELL WAY 3 beds | 2 baths | 2 cars

Suburb

8/218/21 JENNER JENNER ST ST

11/17 - 21 MERYLL AVE 10/3 THE COTTELL WAY bedsCOTTELL | 1 baths |WAY 2 cars 10/32THE 10/3 THE COTTELL WAY

months (Financial 2018) Based on recorded Unit salesYear within the 12 Based on 141 recorded Unit sales within the months (Financial Based on a rolling 12Year month2018) period and may differ last 12onmonths '17Unit -year Sep '18)within from(Oct calendar statistics Based Based recorded on recorded Unit sales sales within the the 12 12

20

22 D

7/1A $820,000

$815,000 2

S

20

2

107

5

9/9 O


Top 10 House Sales Address

Sold date

Land size

Price

1

22

RAILWAY ST

21/8/2018

695.6 m²

$1,725,000

2

27

LUKES LANE

19/9/2018

1024 m²

$1,700,000

3

8

HILDEGARD PL

28/9/2018

907.2 m²

$1,460,000

4

155

OLD NORTHERN RD

8/8/2018

1088 m²

$1,400,000

5

44

BUCKINGHAM RD

18/9/2018

1226 m²

$1,370,000

6

12

BATAVIA PL

1/9/2018

770.9 m²

$1,349,000

7

7

WYNDHAM PL

31/8/2018

995.4 m²

$1,335,000

8

3

SUMMIT PL

12/9/2018

700 m²

$1,300,000

9

13

COOLOCK CRES

4/8/2018

743.7 m²

$1,300,000

10

22

KAREELA RD

17/8/2018

695.6 m²

$1,280,000

Properties included may/may not be sold by Ray White


Top 10 Unit Sales Address

Sold date

Price

1

8/21

JENNER ST

19/8/2018

$960,000

2

9/9

OAKLAND AVE

29/8/2018

$930,000

3

1/25

JENNER ST

1/8/2018

$928,000

4

2/27

COOK ST

10/8/2018

$836,000

5

8/18

PEARCE ST

8/8/2018

$825,000

6

10/3

THE COTTELL WAY

17/10/2018

$820,000

7

2/48

CHELSEA AVE

5/9/2018

$820,000

8

15/6

EDWARD ST

10/10/2018

$816,000

9

89/1

MERYLL AVE

12/8/2018

$815,000

10

89/1

MERYLL AVE

12/8/2018

$815,000

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.


Median House Prices $1,300,000

60 55 50

$1,250,000

45 40

$1,200,000

35 $1,150,000

30

20 15

$1,050,000

10 5 0 OCT

SEP

AUG

JULY

JUN

MAY

APR

MAR

FEB

JAN 2018

DEC

$1,000,000

NUMBER OF SALES

$1,100,000

NOV

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

0%

$200K-$300K

1

1

0%

Past 12 Months

1

0%

1

0%

498 Sales

$300K-$400K

1

$400K-$500K

1

$500K-$600K

2

15

17

$600K-$700K

1

25

26

$700K-$800K

1

41

42

$800K-$900K

14

29

43

$900K-$1M

36

26

62

$1M-$1.25M

158

7

165

$1.25M-$1.5M

71

2

73

$1.5M-$1.75M

17

2

19

$1.75M-$2M

4

1

5

$2M-$2.5M

2

>$3M

7

2 1

8

3% 5% 8% 9%

$1M-$1.25M

12% 33% 15% 4% 1% 0% 2%

165 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

Siobhan Robinson 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

Michael Karanicolas 0411 062 888

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

Brendan Jackson 0404 088 783

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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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Baulkham Hills | Market Report December 2018  

Produced by Ray White Castle Hill

Baulkham Hills | Market Report December 2018  

Produced by Ray White Castle Hill

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