Buying and selling homes in the Hills – what you need to know | Helpful Tips

Selling or buying a house in the Hills District? Making decisions about property involves much more than simply finding a great real estate agent. Buying a home or investment is a huge financial commitment. The suburb you choose will affect the value of your property. It’s a balance of desire and affordability for home buyers; and capital growth and yield for investors.

Before making such a significant investment of your time and money, it pays to know the trends, personality and demographics of the area. Let’s look at current data from Census and RP Data to gain insights into buying real estate in the Hills District.

What are property prices like in the Hills District?

Latest sales figures show house prices in the Hills District are higher than average for New South Wales.  Median house price for a four bedroom home in Castle Hill is $1,530,000. In Dural it’s $1,455,000 and Rouse Hill it’s a more affordable $1,052,500. Median sale price in New South Wales is currently $637,000, remarkably lower than in the Hills.

Average days on market for homes sold by Guardian Realty is 28 days. Demand is at a record high and continuing to increase. Close to half of the properties we sell are sold by auction and the other half by private treaty. Median monthly mortgage repayments eat up $2,500 of the family budget or around 26% of median weekly income. This is higher than the state median of $1,986 and the national median of $1,755.

Who lives in the Hills area?

We’re home to a large proportion of couples with children – 60.4% of the local population, compared to 45.7% in NSW and 44.7% across Australia. The median age in our corner of Sydney is 38 years, which is consistent with NSW and Australia. There is a roughly even split between males and females in the district – female 49.3% and male 50.7%.

With an average of 3.2 people per household in the Hills District, median weekly household income is $2,363. Our income per household is higher than the rest of NSW and Australia. Professionals and managers are the most common occupations of locals.

What types of properties are in the Hills District?

82.4% of local dwellings are separate houses. Most have four or more bedrooms compared with three bedroom homes throughout Australia. Census data confirms that apartments make up only 5.5% of dwellings in the Hills District, while 20% of homes in NSW are apartments. This makes sense when you look at household composition for the Hills District, as well as the make-up of our land – lots of semi-rural acreages and suburban neighbourhoods.

However, the trend of apartment living is on the rise with new developments in Castle Hill, Norwest, Kellyville and Rouse Hill reflective of this. High rise living can represent a more affordable and convenient option for buyers, often with district views and no garden commanding the owners’ time and care.  Apartments are generally located within walking distance of transport, shops and restaurants.

What’s driving this demand?

The Hills is a unique, thriving corner of Sydney in that it includes both suburban and semi-rural suburbs. You can enjoy the serenity and nature of Annangrove but be in the centre of Castle Towers’ shops and restaurants in 20 minutes. The airport is a 40 minute drive and you can travel to the central coast in one hour.

We’ve got some of the best regarded schools in the state like Hills Grammar and William Clark College, and beautifully open spaces for children to play like Fagan Park. Areas such as Kellyville continue to expand and the North West Rail Link is currently under construction. The new train line will transform our region, connecting us to the city and local suburbs like never before, with one train every four minutes in peak hour.

Need some help to figure out if the Hills is right for you? All of our team at Guardian Realty are Hills District locals, with most of us born and bred in the area. We know first-hand about local schools, shops, services and more.

Get in touch with our friendly team!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.