Property prices in The Hills: Suburb breakdown of prices in 2020/21

House prices in The Hills have surged with the value of properties increasing by almost 28 per cent in some suburbs. See the suburb breakdown of which areas experienced the least and most growth.

Nicole Pierre

2 min read

July 13, 2021 - 7:29AM

Hills Shire Times

Hills Shire

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House prices in The Hills have surged in recent months, with the value of properties increasing by almost 28 per cent in some suburbs.

Glenhaven houses increased by 27.6 per cent in the past financial year according to a recent CoreLogic report.

In comparison, home values across Sydney surged 15 per cent in the same period.

Glenhaven was followed by Baulkham Hills and Bella Vista out of suburbs in the Hills to experience the most growth with increases in house values by 24.7 per cent and 24.6 per cent respectively.

Castle Hill was next with a 23.9 per cent increase in house values followed by West Pennant Hills at 23.6 per cent and Kellyville at 23 per cent.

House prices in The Hills have surged with the value of properties increasing by almost 28 per cent in some suburbs. Picture: generic

For apartment buyers, Baulkham Hills units experienced the most growth in property values out of others in the Hills at 6.9 per cent followed by Castle Hill at 6.4 per cent.

On the other side of the spectrum, Rouse Hill units dropped by 1.2 per cent and Cherrybrook units experienced 0.7 per cent growth.

Director of Manor Real Estate Jay Bacani said Baulkham Hills and Glenhaven were popular among buyers because of the increased land sizes in those areas.

“A lot of people at the moment are wanting to upsize. We’ve seen properties with a minimum of 4-bedrooms have had the highest growth,” he said.

“Baulkham Hills also has the school, good transport and parkland.

“For Glenhaven, the majority of homes are 900 square metres and a lot of people are looking for more space.”

Mr Bacani said he’s also had a lot of prospective buyers saying their looking for “bush outlooks.”

Jay Bacani director of Manor Real Estate. Picture: Supplied

“This year we have had more than ever people asking for properties that back the bush and park which is very interesting,” he said.

“A lot of people have indicated it’s because they’re working from home.”

The real estate agent said the majority of buyers were looking to upsize from apartments in other parts of Sydney such as Rhodes, Wentworth Point, Parramatta and even the Inner West.

“The majority are asking for more space and bigger properties,” he said.

When asked whether Covid-19 has changed the market, he said it’s been a “large factor” for buyers wanting to upsize in The Hills.

“With low interest rates plus Covid and a lot of people working from home, it’s almost been a perfect storm for people upsizing,” he said.