Mission Bay Property Management Team
Amar Durakovic
Head of Property Management 021 479 566
Steven Liu
Property Manager 027 484 3599
Eve Pallatt
Property Manager 027 540 9895
Jackson Parish
Property Manager 027 241 2229
Property Manager 027 294 5449
Emma Steventon
Hello
Welcome to the May/June edition of our RENT – Property Management magazine from the Mission Bay branch team. Inside you will find the latest property management market data for the areas across Auckland, along with tips and information about our Property Management services.
I joined the Barfoot & Thompson Mission Bay branch in January 2018 having previously worked at another property management company. In my first year as a property manager, I was awarded the Real Estate Institute of New Zealand’s Rising star award in property management.
The award was a great honour, but more so a reflection of my emphasis on providing great customer service. Along with my team at Mission Bay we work ambitiously to provide world class service, deliver exceptional results and to understand our clients individual needs.
As a team we have a combined depth of knowledge and experience which ensures that we can take the everyday stresses of property management away from our owners and tenants.
We invite you to pop into the branch at any time and to discuss what is happening in the current market and to align your needs with our services both in property management and in sales.
Living locally we know our area and have strong networks to assist right across Auckland. We look forward to being of service to you
Amar and the Mission Bay Property Management Team.
Mission Bay branch 101 Tamaki Drive, Mission Bay, Auckland 1146
Property Mgt 09 521 0152
E a.durakovic@barfoot.co.nz barfoot.co.nz/mission-bay
Latest News
Auckland’s
Quarterly Rental Update
April 2025
The Auckland rental market continued to cool over the summer period, with a slower increase in average weekly rent prices and a quieter season of renter activity recorded during the first quarter of 2025.
The average weekly rent for a home in Auckland registered $691.55 at the end of March 2025. This was up 2.75% or $18.49 on the same period last year, but was just $1.77 more than the average paid in December 2024 ($689.78).
Barfoot & Thompson’s General Manager of Property Management
Anil Anna says the data shows that rental pricing has continued to stabilise following a period of more rapid, demand-driven growth.
“The rate of rental price increases reached a recent peak of 5.69% in March 2024, driven by a combination of factors including population growth bolstered by strong net-migration, the return of visitors and overseas students, and constrained housing supply.
“On the whole, these pressures eased through the rest of 2024,
and we’ve observed a slow downward trend in rental price increases as a result.
The rate of increases was 5.59% year-on-year at the end of June 2024, 4.81% at end September, and 3.89% at end December.
Mr. Anna also noted that while the summer period is typically one of the busiest in the rental calendar, the upswing began later this season, and did not build to the very high levels usually seen.
“During this same period there has been mounting strain on household budgets and tougher broader economic conditions, so it’s likely some renters are holding back from taking on the added costs of moving or a potentially higher rent at a new property.
“Generally speaking, properties are taking a little longer to let and pricing is proving important to generating good interest.
“I encourage landlords to engage a professional property manager to provide the latest insights on pricing in their area.
“For those still wanting to make
a move, now is a good time, with a range of choice available in the market.”
Looking at the various market segments, by size, one-bedroom properties, largely made up of apartments in Auckland central and the city fringe, saw the most price growth year-on-year, up 3.19% or $14.25 to a new average weekly rent of $460.35.
During the same period, threebedroom homes, which make up the majority of rental stock in the region overall, also experienced one of the greater price increases year-on-year, rising 3.01% or by $20.29 per week to an average of $693.93.
By area, South Auckland recorded the strongest annual growth, up 4.10% to an average of $636.10, followed by Franklin/Manukau Rural, up 3.77% and North Shore, up 3.54%. In the south, this growth was driven particularly by pricing of large properties of 5 or more bedrooms.
Anil Anna Property Management General Manager
These statistics are drawn from more than 17,500 tenancies managed by Barfoot & Thompson in the Auckland region, tracked monthly and reported quarterly. This update captures the period to 31 March 2025. Comparisons are for the same period the previous year unless otherwise stated. See tables and more detailed references at barfoot.co.nz/market-reports
Auckland rental market continued to cool over summer period
Auckland Region Rental Summary
Market Facts and Figures
AUCKLAND AVERAGE
Gross Yield
North Shore (continued)
South Auckland
Pakuranga/Howick
Rodney
Source: Barfoot & Thompson analysis of its tenancies for the period noted and its sales over the last six months for three bedroom properties. Gross yield calculated using average sales price and average rental per week for three bedroom properties. Suburbs with less than four tenancies or four sales for three bedroom properties with Barfoot & Thompson are not included.
West Auckland
ADVICE FOR NEW PROPERTY BUYERS
TOP TIPS
Why work with a Barfoot & Thompson Property Manager to take care of your rental investment?
Whether you’re looking to purchase your first home or your first investment property, if you’re a new property buyer, it can be daunting to navigate today’s market. Barfoot & Thompson Director Kiri Barfoot shares some tips.
Save, save, and save some more
There’s no getting around the fact that, in order to purchase your first property, you’ll need money in the bank.
Saving up a home deposit can be the biggest obstacle for first property buyers. Studies, travel, and money spent on an active social life are obvious roadblocks to saving, but with rising house prices not corresponding to wage increases, what’s a young person to do?
“It’s important to remember that it has always been difficult to get your foot on the property ladder,” says Kiri Barfoot. “Instead of giving up, keep focused on your goals and consider your options.”
Some ideas to help you save faster
• Those who are fortunate to have the option of living with family while saving for a deposit could make the most of it. “It’s also becoming more common for parents to leverage the equity in their own homes to help their kids get on the ladder.”
• Maximising your KiwiSaver contributions with a view to withdraw funds for your first home can be another way to build up savings more quickly and automatically.
• You may be eligible for the Welcome Home Loan, check their website for more details and eligibility criteria.
• It may seem obvious, but cutting back on non-essential spending is necessary to reach your goals faster. Saving even small amounts can add up over time, and most importantly, will help build the savings habit and mindset.
“Property investment is an expensive pursuit and some sacrifices will need to be made. This doesn’t have to mean no more fun, but you’ll have to consider your priorities and savings goals before purchasing something non-essentialonly you can decide whether something is worth it to you.”
Think outside the box
If you’ve managed to save a deposit, the next step is to find a property you can afford.
As a young property buyer, it helps to look beyond the ‘traditional’ standalone house on a quarter-acre and expand your search to include apartments, units, terraced houses, multi-family properties and new builds.
“Remember that your first property isn’t necessarily your forever home, but a good way to build equity that you can use for your next property,” says Kiri.
You could also consider getting a flatmate or two, or look into temporary options such as Airbnb or boarding overseas students. While it can be a sacrifice to give up some privacy, the rental income can go towards covering costs such as the mortgage, utilities bills, or property maintenance.
Look for opportunities
Keep an open mind and be prepared to look at neighbourhoods that aren’t so trendy, or properties that are rough around the edges. “If you look around, there are still opportunities to be had for entry-level properties,” says Kiri. Areas that are close to public transport hubs or new motorways (both new and proposed) are great places to look.
“It pays to not be a snob. In the 1960s, people turned down Herne Bay properties as they had to drive through Ponsonby to get there. Now, look at both suburbs! You never know which suburb will be the next up-and-comer.”
Consider rentvesting
While you may not be able to afford to buy in the neighbourhood you want to live in, it’s likely that you’ll be able to afford to rent there, and perhaps purchase a property in a more affordable area to rent out.
While there are trade offs - e.g. you will still be living in a rented property and not one that you own, plus learn to become a landlord or engage the services of a professional property manager - this could be a way to continue to live the lifestyle that you want and build equity, which could then be used to get you into your forever home in several years’ time.
It’s important to note that as an investor, you will not be eligible to withdraw funds from KiwiSaver or be eligible for the HomeStart Grant. Doing your due diligence and weighing up the pros and cons is essential if you choose to go this route.
Keep your finger on the pulse and your eyes on the prize
Read our market updates to keep your finger on exactly what is happening in the market, and work with a salesperson who knows your area well, who’ll be able to inform you of any properties coming into the market that meet your criteria, as well as offer support and professional advice.
“Property is a long game. Don’t get swayed by the daily headlines and think longterm,” says Kiri.
Last but not least, stay positive! “Don’t give up, you’ll get there eventually,” says Kiri. “You can have it all - you just can’t have it all at once.” The financial stability and freedom you create for yourself will far outweigh any sacrifices you make now.
Auckland Suburbs
Market Data
The following pages show a summary of rental market data for suburbs across Auckland for the last six months, as sourced from the Ministry of Business, Innovation & Employment NZ - Tenancy Services for the period shown.
Please do not hesitate to contact any of our Property Management team if you would like more information, we would be delighted to help you with your Real Estate needs.
*The data shown on this page is sourced from the Ministry of Business, Innovation & Employment NZ - Tenancy Services for the period shown. Summary totals include averages for some types of property not shown. The market rent information comes from bond data. The results may not be a true indication of the rental market, as they only reflect properties where bonds have been lodged in the previous 6 months. More information is available at https://www.tenancy.govt.nz/ rent-bond-and-bills/market-rent/market-rent-explained.
Market rent in Albany
Market rent in Chatswood
Market rent in Epsom
Market rent in Glen Innes
Market rent in Grafton
List with a good listener.
At Barfoot & Thompson, we understand that every buyer’s needs are unique, and so we take the time to personalise our service accordingly. Once our salespeople have sat down with you to determine the right type of buyers for your property, we’ll produce a customised marketing plan that works with your budget and timeframe. We want you to
be 100% confident and happy with the process, so we’ll never force you into a rushed decision. We believe getting you a result is only half the job –you also need to be completely satisfied with how we get there. No wonder we make one in three of Auckland’s property sales every day. Check out our website to find out more.
barfoot.co.nz
Market rent in Herne Bay
Market rent in Mairangi Bay
Market rent in Mangere
Market rent in Milford
Market rent in Mt Wellington
Market rent in Northcote
APARTMENT/FLAT
Market rent in Point Chevalier
Market rent in Rothesay Bay
Market rent in Royal Oak
APARTMENT/FLAT
Market rent in St Johns
HOW WE HELP LANDLORDS
Stress-free property management?
No worries.
Owning a rental property can provide outstanding returns over time, but can also be a time consuming and stressful business.
From screening tenants, negotiating rent increases and getting calls about blocked sinks, you know what a hassle it can be. But when you leave the hassle to someone else, you want to be confident that your property is being well looked after.
That is where Barfoot & Thompson’s Property Management team comes in.
Our team of dedicated property managers removes the stress of maintaining your investment. We’ll find the right tenants, collect and review rent, arrange maintenance and more - all for a very competitive agreed rate.
Managing over 15,500 properties across Auckland and Northland, we have our finger on the pulse of the latest rental rates and access to quality tenants. By choosing a company awarded Best International Lettings Agency 2017/18, you can be sure your property is in safe hands.
“The industry is dynamic and it is evolving. We are seeing high immigration levels impacting the market. Our average tenancy is now almost 2 years, and changes in legislation mean that poor management can not only affect your revenue, it can affect people’s lives. With our knowledge of both the industry and the rental market in Auckland and Northland, we are committed to providing consistent and reliable service to investors and the people renting our properties.”
Kiri Barfoot
Our services
The best thing we offer is peace of mind, but we have a range of other great services too! Whether you have a single rental property or a full investment portfolio, Barfoot & Thompson Property Management has a service to suit your needs. We also offer body corporate and commercial property management services for your investment.
Full property management service
If you’d like us to take all of the stress off your hands, go for our full property management service. This includes:
• An online marketing campaign for your property, including free listing on barfoot.co.nz. realestate.co.nz and trademe.co.nz
• Automated booking system for prospective tenants to streamline the viewing of your property and 24/7 response to inquiries.
• Credit and reference checks.
• Interviewing and rigorous screening of suitable prospective tenants and completion of residential tenancy agreement.
• Bond lodgement with the Bond Centre.
• Dispute resolution on your behalf.
• Income collection and reporting.
• Thorough inspections of your property including an initial inspection with your new tenant, regular follow up inspections at a pre-arranged frequency, and a final inspect1on before the tenant moves out.
• Arrangement of property repairs and maintenance, including advice and assistance on the best way to rectify any damages, deal with tenants, and approach the Tenancy Tribunal if required.
• Access to professional tradespeople at reduced costs.
• Advice on current market conditions and rental rates as well as regular rent reviews.
• Guidance around changes in legislation to ensure your property meets the required standard.
• Access to the latest technology (such as our trust account management system) to ensure your money is safe at all times.
Cost: A competitive fee of 8.5% + GST (9.5-% + GST if the property is furnished) of all money collected and any repairs and maintenance we carry out on your behalf. The fee is usually tax deductible. Extra costs may apply for credit checks and marketing upgrades.
Cost: A competitive fee of 8.5% + GST (9.5-% + GST if the property is furnished) of all money collected and any repairs and maintenance we carry out on your behalf. The fee is usually tax deductible. Extra costs may apply for credit checks and marketing upgrades.
Why choose us?
Why use a property manager?
Apart from the time and hassle it takes to find tenants and arrange repairs and maintenance, there’s a lot of legislation to understand and processes to follow - especially if a dispute with tenants arises.
By using a property manager, you can be sure that an expert is looking after your investmentso when issues arise they are managed quickly and effectively.
Why choose Barfoot & Thompson?
As an investor you want to know your rental property is in safe hands. By choosing us, you’re choosing a company that has been awarded Best International Lettings Agency 2017/18. You’ll have the strength of Auckland’s largest and most trusted real estate company behind you and peace of mind that property management experts are protecting your investment.
The power of Barfoot & Thompson
Barfoot & Thompson is New Zealand’s largest privately owned real estate company - still run by the Barfoot and Thompson families after more than 90 years.
We manage over 15,500 rental properties and with dedicated property managers in over 60 branches, we have the experience and scale to help you.
Knowledge, experience and service
We know the property market inside out, including the intricate legislation and legalities behind property investment. We provide you with the highest quality advice so you understand the obligations, responsibilities and rights for you as a landlord and for your tenants.
Leaders in our market
We’re committed to being the best real estate agency around. We are thrilled to be recognised nationally and internationally for providing outstanding service including being awarded Best International Lettings Agency 2017/18.
• International Property Awards
• Best International Lettings Agency 2017/18
Best Real Estate Agency Asia Pacific - 2 years running
• Best Real Estate Agency Marketing Asia Pacific 2017/18
• REINZ Large Real Estate Agency of the Year
- All Disciplines 2017
It doesn’t cost as much as think
Our complete service comes at a very competitive property management fee of 8.5% + GST or 9.5% + GST if your property is furnished, of all monies collected and any repairs or maintenance carried out on your behalf. There are no additional charges for inspections, representation at dispute resolutions or when your property is vacant. (N. B. There may be fees for credit checks, additional inspections or marketing upgrades).
The right tenants, the right rent
Our wide-reaching network, rigorous selection process and market knowledge ensures you’ll get the right tenant and be paid the right rent for your property. We conduct regular rent reviews, so you’ll see an increase in rent to match any changes in the market. And with our large tenant portfolio we will do our best to ensure your property is always occupied
You can trust that your money is in good hands
Handling of your rental funds is managed through our head office accounting department. Unlike many other property management companies all money collected on your behalf is held in an audited trust account so you know where it is at any time.
We work hard for you
From the very beginning, we work hard to ensure your investment is well looked after. Here’s an overview of what you can expect when you choose to work with our expert team.
Initial consultation
We identify the management service that meets your needs and help you complete all the paperwork needed.
Account activation
We set up your account in our management system. This includes all the details for your property. All future quotes, repairs, maintenance and information associated with your property will be linked to this account and can be sent to you easily whenever you require it.
Marketing
We organise all the marketing for your property (in line with your agreed marketing strategy and budget). This can include advertising copy, signboards, photography, floorplans and video.
Finding tenants
To locate quality tenants, we organise online advertisements on barfoot.co.nz, realestate.co.nz, and trademe.co.nz. This service is free of charge for you.
Property viewings
We conduct viewings of your property by appointment on your behalf. Our Book-AViewing system helps us manage these efficiently for you. Ask us for more information.
Tenant applications
We know that the success of your investment lies in finding you a quality tenant. We thoroughly check every tenant that applies to rent your property. This includes looking at employment references, past rental history, credit checks, tenancy tribunal checks and proof of income.
Approval
Once we’ve screened our shortlisted applicants we present these applications to you so that you can make an informed decision and select the most suitable tenant for your property. Everyone is different and you may or may not want to be involved in this part of the process; the decision is yours.
Notification
Once an appropriate tenant has been selected, we promptly notify them of the decision to avoid losing them to another rental property.
Preparation
We organise all final paperwork, monies and lodgement of the bond. If your property is vacant or a tenant is vacating it will be cleaned, the state of all chattels is documented and any necessary maintenance is completed.
Pre-inspection
We complete a full inspection of your property, including water readings and body corporate information (if applicable).
Handover
Once a full inspection is completed and recorded, we meet and hand over keys to your new tenant on commencement date.
Receiving rent payments
Unlike many property management companies, we collect rental funds from your tenants and hold them in an audited trust account so you know where your money is at any time.
Find out more about what a property manager can do for you, visit barfoot. co.nz/howwehelp
Find out more about what a property manager can do for you, visit barfoot. co.nz/howwehelp
FAQs
From the very beginning, we work hard to ensure your investment is well looked after. Here’s an overview of what you can expect when you choose to work with our expert team.
How much will your service cost me?
Barfoot & Thompson charge a flat fee of 8.5% + GST (9.5% + GST if the property is furnished) of rent collected and any repairs, maintenance, and renovations carried out, or invoices paid on your behalf. There is no extra charge for routine inspections, administration, monthly and end of year financial statements and mediation or any appearances we make at the Tenancy Tribunal on your behalf.
Our fee is very competitive, and these costs may be tax deductible.
How often will you pay me?
We pay you monthly or twice a month, whichever you prefer, by direct crediting funds into your account. A comprehensive monthly statement detailing funds collected and disbursed on your behalf can be posted or emailed to you anywhere in the world. Invoice copies of accounts paid are included.
Do you collect a bond?
Yes. The Residential Tenancies Act requires that no more than four weeks bond be collected. Unless otherwise agreed, Barfoot & Thompson consider two weeks to be the minimum that should be paid. The bond is paid before the tenant takes possession and held by the Bond Centre until the tenant vacates.
Will it cost me to advertise the property?
No. If you have a full property management contract with us, our Option A marketing package is complimentary. You may choose to upgrade your marketing package at an extra cost.
Will I be charged for a vacant property?
No.
What if my tenant doesn’t pay the rent?
Barfoot & Thompson rent collection is computer monitored, enabling us to act very quickly when a rental payment is missed. The debt recovery process commences immediately. While we take every possible action to resolve the matter, in some cases it may be necessary to take the tenant through the mediation process or to the.
Tenancy Tribunal. If this is the case you will not be charged for our time.
Does Barfoot & Thompson guarantee me for any loss of rent?
No.
I will be moving overseas - can you handle all repairs?
Yes. Our property managers use a range of contractors who are highly skilled, competitively priced and quick to respond to our calls. If you have a preference for any particular tradesperson we would be pleased to accommodate this.
Legally, if you are overseas for 21 days or more, you are required to appoint someone to manage your property.
How often will you inspect my property?
Inspections are carried out on a regular basis. The frequency should be discussed with your property manager at the commencement of the management. Be sure to check what your insurance policy states as well, as they do generally have a set frequency. Pass this onto your property manager and we will set it as what is required.
What if I want to sell the property?
Your property manager can arrange with any of our experienced sales staff to have the property appraised and then listed for sale. This can be a very delicate situation and it is important that it’s handled professionally and efficiently. It is our job to ensure you and your tenants interests are protected. Your property manager will be happy to walk you through the process at any time.
Do you offer a Body Corporate service?
Yes, we offer full body corporate services. Ask our property managers for more details.
Do you offer commercial property management services?
Yes, we offer comprehensive property management services for commercial investments. Ask our property managers for more details.
Meet the Team
Ross has bought, developed and sold property in Auckland, Sydney and Melbourne and has maintained an avid interest in the real estate industry over many years. Through his work he has met and built relationships with people from all walks of life from all over the world, and he has always maintained the focus of achieving the very best result for everyone involved.
Ross is dedicated to looking after his client’s best interests and delivering great results every time. As a born and bred Aucklander, Ross has a fantastic grasp on the Auckland property market and a manner to put anyone at ease. His calm, professional and friendly approach, along with his immaculate attention to detail and astute advice, enables his clients to trust him completely from the outset. He has the ability to understand his client’s individual needs, relating to both buyers and sellers by analysing situations from their perspective and advising them accordingly.
With a consistent track record of exceeding expectations in his profession, Ross is committed to exceptional service through straight forward, honest communication and building trust and rapport with all of his clients. His dedication and unparalleled levels of service ensures he achieves excellent results.
Ross lives in central Auckland with his partner Delia, daughter Grace and Enzo the dog. He enjoys walking, swimming and long bike rides and is a life time Auckland and All Black rugby supporter.
Property Management team
479 566
Residential Sales team
Robert Ballard 022 682 0063
Tania Brown 021 125 0931
Sally Kam 027 567 2268
Mary Turner 021 523 868
Dayle Barnes 027 610 6101
Mark Edmonds 027 493 5657
Jason Li 021 195 0668
Cathy Xue 029 121 1596
Dan Barry 021 649 181
Foss 021 367 791
Rachel Liu 022 021 9903
Lawrence Yuan 021 038 5588
Barry 021 021 78880
Gu 021 907 617
Alex Mathew 027 358 8165
Mae Zhang 021 221 1139
Boyd 022 525 4980
Hou 021 628 658
Schoonraad 021 358 270
Aaron
Veronica
Nicole
Danny
Mel
Steve
101 Tamaki Drive, Mission Bay, Auckland 1146
Property Management 09 521 0152
Residential Sales 09 528 0775
Email a.durakovic@barfoot.co.nz
barfoot.co.nz/mission-bay
Barfoot & Thompson