Wooloomooloo Winston Hills Property Report 2023. Justin Spencer | 0436 000 991 belleproperty.com/parramatta
127 Number of Sales $188m Total Value 16 Years Experience $2.3m Highest Price Justin Spencer Real Estate Agent At Belle Property, we strive to bring you information that matters to you as local home owners in keeping you updated with the current trends and changes in the real estate market. We present to you a boutique crafted document designed to illuminate the shifting landscapes and dynamic trends that have defined the residential real estate market in Winston Hills over the past 12 months. From the tree-lined streets to the diverse housing options, this report serves as your key to understanding the nuances of Winston Hills' real estate landscape, providing invaluable insights for homeowners, investors, and those considering making this charming suburb their home. Information is key when it comes to making decisions around buying, selling or leasing your property, at Belle Property we aim to be your information leaders, ensuring you have what you need to make a smart, informed decision. A comprehensive market report of Winston Hills real estate in 2023 Welcome. Justin Spencer | 0436 000 991
Winston Hills Hawks As the major sponsor of Winston Hills Hawks JRLC, we look forward to strengthening our ties to the local community with a financial commitment that will see the club be able to provide better resources, such as upgraded playing equipment, for members and families within the local community. Parramatta Womens Shelter Parramatta Women's Shelter supports new beginnings for women and children who need a safe place to stay. They provide crisis accommodation and outreach support to women and children escaping domestic & family violence and homelessness, and specialise in housing larger families. Café Els Located outside Winston Hills Mall, you'll find easy access to the newly renovated and expanded café & bar. Café Els was featured in our SITCHU lifestyle magazine and on their social platform which is found locally and nationally. You can also catch our latest copy of the Belle lifestyle magazine on display As a real estate agent, embracing the role of being a community supporter through sponsorship initiatives is not merely a philanthropic gesture; it is an investment in the very fabric that sustains and enriches our neighbourhood community. Our Commitment to Your Community.
Winston Hills Snapshot 2023 In 2023 for Winston Hills, out of 3,812 houses, 127 houses sold represents a 3% sales turnover, below historical averages for sales volume. About 80% were freestanding homes, with the rest comprising different property types from town houses and apartments. The latter part of the year showed increased confidence in asking prices, yet a rise in available stock offered buyers more options to purchase although maintaining sustained price rises. Median Increase 2023 Lowest Sale Price 2023 Total Properties 2023 Median Sales Price 2023 5.2% $1.05m Highest Sale Price 2023 $2.3m Average Days on Market 28 127 $1.472m Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must relay on their own enquiries. Source: CoreLogic Yearly Sales Summary.
Local Insights. Median price Dec 2023 Change in Median price $1.380m Median price Jan 2023 $1.472m 3.4% November 2022 5.2% November 2023 Change in Median Value Highest Sale Price 2023 Lowest Sale Price 2023 $1.05m $2.3m House Price Comparison $ SOLD
ab Type Price Address Date Properties Sold in Winston Hills Q4-2023 H - House | A - Apartment | S - Studio | Th - Town House | D - Duplex | L - Land 1 2 2 3 3 1 1 2 2 1 1 2 2 2 2 2 2 2 2 2 2 1 2 1 1 2 2 1 2 2 2 2 1 2 2 1 4 4 2 2 1 2 4 2 2 2 1 3 2 3 2 1 1 1 2 2 1 1 Dec 2023 Dec 2023 Dec 2023 Dec 2023 Dec 2023 Dec 2023 Dec 2023 Nov 2023 Nov 2023 Nov 2023 Nov 2023 Nov 2023 Nov 2023 Nov 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 Oct 2023 49 Clackmannan Road 39 Edison Parade 25 Twain Street 137 Caroline Chisholm Drive 35 Gideon Street 11 Barnetts Road 21 Edison Parade 20 Shelley Street 173 Caroline Chisholm Drive 10 Caledonian Avenue 72 Moxhams Road 3 Carmel Place 19 Jerome Avenue 12 Lanhams Road 13 Mangalore Drive 433b Old Windsor Road 43 Tennyson Street 72 Model Farms Road 204/192 Caroline Chisholm Drive 41 Cromarty Crescent 18 Goodacre Avenue 10 Spey Street 47 Clackmannan Road 39 Edinburgh Place 3 Lomond Crescent 13 Cromarty Crescent 57/18 Buckleys Road 30 Asquith Avenue 77 Buckleys Road Winston Hills Sales Oct - Dec 2023. 3 5 4 5 4 3 3 3 4 3 4 4 4 3 5 4 4 5 3 4 4 3 4 4 4 3 3 4 3 H H H H H H H H H H H H H H H H H H A H H H H H H H TH H H $1,605,000 $1,745,000 $1,852,000 $1,705,000 $1,570,000 $1,465,000 $1,450,000 $1,880,000 $1,710,000 $1,475,000 $1,565,000 $1,305,000 $1,760,001 $1,500,000 $1,530,000 $1,160,000 $1,580,000 $1,800,000 $1,100,000 $1,790,000 $1,625,000 $1,400,000 $1,957,000 $1,550,000 $1,534,000 $1,325,000 $1,070,000 $1,300,000 $1,355,000 v
$2,100,000 120 Lanhams Road, Winston Hills 5 a 2 b 1 v SOLD Highest Sale Prices in 2023. Top four sales in Winston Hills for 2023 The four homes below represent the highest sale prices in Winston Hills in 2023. $2,200,000 21 Cliff Avenue, Winston Hills 4 a 2 b 2 v SOLD $2,300,000 75 Buckleys Road, Winston Hills 5 a 3 b 3 v SOLD $2,110,000 4 a 3 b 1 v 20 Ervine Street, Winston Hills SOLD
Looking at the past quarter of residential real estate, we saw two prominent trends. “low stock and low vacancies”. Low Vacancies We saw the Parramatta regions' residential vacancy rates dropping below 1.2% to mark a decade-low, sparking a surge in rental prices. This scarcity in available properties for lease signifies an intensely competitive market, amplifying rental costs amid high demand and limited supply. Low Stock The scarcity of residential properties for sale in July and August 2023 led to a significant uptick in housing prices. Compared to the previous year, the reduced stock levels underscored a seller's market, intensifying competition and driving prices upwards. Quarterly Market Trends.
“ ” Over the past decade in the 2153 postcode, the contrasting trajectory of house and apartment values is emblematic of a shifting real estate landscape. In 2010, apartments held 70% of a house's value, dwindling to 50% by 2022. This divergence, intensified by scarcity of land and increased apartment construction capacity, echoes broader societal trends. The current median house price in Winston Hills, surpassing $1.5M, highlights the allure of houses near the CBD, compounding the affordability gap. The disparity reflects multifaceted causes—land scarcity, urbanization, and shifting preferences. Property preferences have not been diverse in the past. The division of property prices hints at shifting societal norms for western Sydney. The Growing Divide.
“ ” Over three decades in the 2153 postcode, residential property occupancy has undergone a remarkable evolution. A 10% decline in outright ownership contrasts a stable percentage of mortgage holders, while renters have doubled, indicating a fundamental shift in housing dynamics. This transformation aligns with changing demographics as a new wave of buyers values suburban living and modern amenities, willing to pay a premium. Despite the surge in renters, they remain under a quarter of the population, fostering a balanced and vibrant community. This evolving occupancy mix underscores the significance of adaptable urban planning to accommodate diverse housing needs within evolving societal landscapes. This metamorphosis in occupancy patterns underscores the dynamic interplay of generational preferences, affordability, & the enduring appeal of suburban lifestyles. A Changing Occupancy Mix.
Winston Hills, NSW, 2153 30 Asquith Avenue What we learnt about Winston Hills Through this sale, we have learnt that buyers looking in Winston Hills are wanting somewhere to lay down their roots for a long time, with the most appealing aspects being the access to great schools, parks and major roads. The feedback we received from many buyers was that Winston Hills was considered a great value proposition on price, as a lot of the buyers met had been previously priced out of surrounding suburbs such as North Rocks, Carlingford, Ermington, Baulkham Hills, North Parramatta and Dundas. $1.3M Sold. A Winston Hills Case Study. 42 96 Days on Market Inspections Enquiries 16
$2,850,000 - Sold 07/10/2023 10 Linden Grove, Ermington SOLD Premium Brand = Premium Results. Below are the top 4 sales for 2023 as sold by the team at Belle Property Parramatta | Carlingford | Beecroft. Our team are renowned for achieving the best prices in the suburbs we service, matching the reputation of the Belle Property brand throughout the National network via our buyer matching capabilities across a shared database throughout the Belle Property offices. $2,570,000 - Sold 04/11/2023 5 Bokana Place, North Rocks SOLD $2,800,000 - Sold 26/10/2023 23 Holmes Avenue, Oatlands SOLD $3,600,000 - Sold 16/09/2023 76 Arcadian Circuit, Carlingford SOLD
” “ Simon, Vendor - October 2023 Justin is simply one of the best agents I have worked with so far. I had a frictionless experience as Justin took care of all the hurdles we faced during the process. He genuinely cared and acted with professionalism along with excellent communication throughout the process. I wouldn’t have achieved this result if I selected another agent in the area. Testimonials.
Meet Our Agents The highly motivated team leads by example with a strong track record of consistently achieving exceptional results throughout our specialty areas. The Team. Justin Spencer Real Estate Agent Winston Hills & Northmead Monique Gray Executive Assistant | Team Chris Sahyoun & Justin Spencer Chris Sahyoun Principal Oatlands & North Parramatta Cleo Sunwar Real Estate Agent Oatlands & Parramatta Thomas Perram Principal Carlingford & North Rocks Julianne Goh Executive Assistant | Team Thomas Perram Haixia Huang Real Estate Agent Carlingford Joshua Elder Real Estate Agent North Rocks & Telopea Matthew Formosa Real Estate Agent Ermington & Dundas Anika Benecke Executive Assistant | Matthew Formosa George Kollias Real Estate Agent Beecroft & West Pennant Hills Amir Rezai Assistant Agent Ermington & Dundas Connor Jones Assistant Agent Parramatta & Westmead Moses Metlege Business Development Manager Mark Khalil Leasing Consultant Louise Herring Head of Property Management
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Reach our for a free and trusted appraisal Justin Spencer 0436 000 991 justin.spencer@belleproperty.com Belle Property Parramatta 02 9635 5000 Belle Property Carlingford 02 7906 2952 Belle Property Beecroft 02 9635 5000 Information about this report: We Belle Property Lake Macquarie have endeavoured to show all sales reported by all agents and individuals as listed on publicly available sources for the mentioned period. We believe this information to be accurate, whilst all care has been taken, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of this document. Individuals are directed to rely on their own enquiries. Please disregard this publication if your property is exclusively listed with another agent. Properties displayed are only those which have been publicly listed and sold by multiple agents/cies in the area. We advised you seek independent advice on your area statistics if you are thinking of buying or selling. belleproperty.com Contact.
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