Barfoot & Thompson | Milford by barfootsuburbsales

Welcome to our SOLD Milford Market Report magazine

for May/June 2025

Our magazine contains the latest available information regarding property sales in the local area along with details of market trends, stats and tips.

Aucklanders continue to have an almost insatiable appetite for property market intelligence, so each month we will share details of the trends in your area. This is just part of our commitment to continue delivering you the highest level of service.

We’ve been locals for decades so we know the area well. Our goal is to apply this knowledge for you so you’re able to make the most of the opportunity that today’s and tomorrow’s market presents.

Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Thank you and all the best for the coming month.

Henry Barfoot and the Milford team

Latest News

Auckland property sales remain strong in April

Monthly Auckland residential property sales continued to gain momentum during April and sales for the first four months of the year were their highest for four years.

“By the end of April this year we had sold 3440 properties, 18.5 percent higher than in the first four months of last year, 65.5 percent higher than in 2023 and 2.8 percent higher than in 2022,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“It underlines that in terms of the number of sales being made, the Auckland market is building some traction.

“In April we sold 842 properties. While down nearly a third on those for March, this was the highest number of sales we have made in April for four years, and we only exceeded this number in April once in the last nine years.

“Sales in the early part of April slowed when talk of tariff ‘trade wars’ reached their highest but rebounded quickly towards month’s end.

“March is the peak of the summer selling season, and a decline in sales numbers compared to March is normal.

“From a price perspective the market showed no signs of lifting, with prices in April drifting downwards with the median price at $934,000, being down 3.7 percent on that for March, and the average price at $1,110, 689, down 3 percent.

“Prices normally ease back post March as we head into autumn.

“A marked feature of sales in April was the high percentage of sales in the under $750,000 price segment, which accounted for 26.8 percent of all sales. In March this price segment accounted for 23.4 percent of sales.

“The high number of new build apartments and town houses in the under $750,000 price segment currently hitting the market are proving extremely popular with first time buyers and investors.

“Sales of properties for in excess of $2 million represented 7.5 percent of all sales, and this figure is consistent with the percentage of $2 million sales in April last year.

“New listings for April were a healthy 1578, and were in line with April last year, and properties for sale on our books

at month end were 6113.

“This number is only marginally down on last month’s record level of properties for sale at month end.

“April sales in the rural and lifestyle markets to the north, south and west of Auckland continued to enjoy strong sales activity in the month, with sales reaching a little over $61 million. This level of turnover was down only 5 percent on March’s outstanding sales month.

“With 28 rural and lifestyle properties being sold, this was the highest number of sales in the month of April in four years.”

Peter Thompson Managing Director

Milford, Castor Bay, Forrest Hill

Market Share and Figures

Market Leaders

We sell across all price brackets and types of property. Here’s proof why people continue to list and sell with Barfoot & Thompson.

Overall Market Share

Over the last 12 months, Barfoot & Thompson sold more property in our area* than any competitor.

For the period from 1st May 2024 to 30th April 2025 we sold 38% of all properties for sale in the area* – that’s over 1430 sales made by Barfoot & Thompson!

Monthly sales overview in the local area* (*Recent Sales)

Sunnynook

Milford

Mairangi Bay

Forrest Hill

Castor 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

Advice

for Landlords

5 C o m m o n L a n d l o r d M i s t a k e s t o A v o i d

O w n i n g a r e n t a l p r o p e r t y c a n b e

a r e w a r d i n g i n v e s t m e n t b u t

o n l y i f m a n a g e d c a r e f u l l y E v e n

e x p e r i e n c e d l a n d l o r d s c a n f a l l

i n t o t r a p s t h a t p u t t h e i r r e t u r n s ,

i n s u r a n c e , o r r e l a t i o n s h i p s w i t h

t e n a n t s a t r i s k . H e r e a r e f i v e

c o m m o n m i s t a k e s e v e r y l a n d l o r d

s h o u l d w a t c h o u t f o r :

1 . S k i p p i n g a t h o r o u g h e n t r y

i n s p e c t i o n

A n e n t r y i n s p e c t i o n r e p o r t ,

c o m p l e t e w i t h p h o t o s , i s c r i t i c a l

t o p r o t e c t y o u r a s s e t W i t h o u t

c l e a r p r o o f o f a p r o p e r t y ' s

c o n d i t i o n a t t h e s t a r t o f a

t e n a n c y , y o u m a y s t r u g g l e t o

c l a i m f o r a n y d a m a g e a t t h e

e n d S k i p p i n g t h i s s t e p c o u l d

m e a n c o s t l y r e p a i r s c o m i n g o u t

o f y o u r o w n p o c k e t

2 . F a i l i n g t o c o n d u c t r e g u l a r

p r o p e r t y i n s p e c t i o n s

M o s t i n s u r a n c e p o l i c i e s r e q u i r e

l a n d l o r d s t o i n s p e c t t h e i r

p r o p e r t y a t r e g u l a r i n t e r v a l s

o f t e n e v e r y t h r e e m o n t h s .

N e g l e c t i n g i n s p e c t i o n s c o u l d n o t

o n l y a l l o w s m a l l m a i n t e n a n c e

i s s u e s t o s n o w b a l l b u t c o u l d a l s o

i n v a l i d a t e y o u r i n s u r a n c e c o v e r

w h e n y o u n e e d i t m o s t

3 . N o t a d j u s t i n g r e n t w i t h t h e

m a r k e t

F a i l i n g t o r e v i e w a n d i n c r e a s e

r e n t i n l i n e w i t h m a r k e t t r e n d s

c a n s e r i o u s l y i m p a c t y o u r r e t u r n

o n i n v e s t m e n t R e g u l a r , m o d e s t

i n c r e a s e s w h i l e s t a y i n g w i t h i n

l e g a l g u i d e l i n e s e n s u r e y o u r

r e n t a l r e m a i n s c o m p e t i t i v e

w i t h o u t u n d e r v a l u i n g y o u r a s s e t

4 . I s s u i n g a n i n v a l i d n o t i c e t o

v a c a t e

T h e r u l e s a r o u n d e n d i n g a

t e n a n c y a r e s t r i c t a n d s p e c i f i c

A n i n c o r r e c t l y i s s u e d n o t i c e c a n

l e a d t o c o s t l y d i s p u t e s a t t h e

T e n a n c y T r i b u n a l a n d s i g n i f i c a n t

d e l a y s i n r e g a i n i n g p o s s e s s i o n o f

y o u r p r o p e r t y A l w a y s d o u b l e -

c h e c k t h e n o t i c e p e r i o d s a n d

g r o u n d s f o r t e r m i n a t i o n u n d e r

c u r r e n t l e g i s l a t i o n

5 . B r e a c h i n g a t e n a n t ’ s r i g h t t o

q u i e t e n j o y m e n t

T u r n i n g u p u n a n n o u n c e d , e v e n

w i t h g o o d i n t e n t i o n s , i s a b r e a c h

o f t h e t e n a n t ' s r i g h t s N o t o n l y

c a n t h i s d a m a g e y o u r

r e l a t i o n s h i p w i t h t h e t e n a n t , b u t

i t c o u l d a l s o l e a d t o f o r m a l

c o m p l a i n t s a n d f i n a n c i a l

p e n a l t i e s A l w a y s p r o v i d e p r o p e r

n o t i c e b e f o r e a n y v i s i t s

I h a v e t o a d d t h a t s o m e t i m e s t h e

b i g g e s t m i s t a k e i s n o t u s i n g a

p r o f e s s i o n a l p r o p e r t y m a n a g e r !

M y r e n t a l t e a m w o r k i n c r e d i b l y h a r d t o p r o t e c t y o u r i n v e s t m e n t ,

m a i n t a i n g o o d t e n a n t

r e l a t i o n s h i p s , a n d e n s u r e y o u r

p e a c e o f m i n d t h r o u g h o u t t h e

t e n a n c y W e ’ r e h a p p y t o t a l k

a b o u t h o w w e c a n h e l p y o u .

Louise Benson

Head of Property Management

027 431 9536

l benson@barfoot co nz

READY... SET, OPEN HOME!

TOP TIPS

Why working with Barfoot & Thompson can help sell your home.

Congratulations, you’re on the market! In our recent editions we’ve discussed getting ready to sell, different sale methods and the tools for your marketing campaign. This article explores what to expect from an Open Home. Remember we have more information and a range of videos on our website to help you make the very best choices. barfoot.co.nz

barfoot.co.nz/sell/selling-guide

Open home schedule

During the first week of your campaign, we will introduce your property to our colleagues from Barfoot & Thompson. Internally, we call this a ‘caravan’ – our salespeople will view your home on the Tuesday morning before the first open home. Your listing agent will confirm times with you and the caravan will include agents from surrounding branches.

Our salespeople will visit to familiarise themselves with your property, so they know more about your home and can then contact their own personal databases of potential purchasers. This is an important first step to maximise exposure in the market and ensures

Preparing for an open home

that the Barfoot & Thompson team is working hard for you.

Your salesperson will have most likely set an open home calendar with you when they listed your property. Open homes are generally held on the weekend, on some occasions they may be supplemented by mid-week times or special viewings. We usually run an open home for a period of 30 minutes, but your agent will arrive a little earlier to set up and will stay until the last visitor has left. We try not to turn anyone away, so would recommend planning to be out of the house for at least an hour during the viewing times.

To prepare for the inspections we recommend you open some windows to air the house out and perform a thorough clean, tidying away everyday objects and children’s toys where applicable. If you have pets, try to keep them outdoors for a period of time before inspections start and if possible take them with you when you leave the house – some people are afraid of dogs or have allergies to pets so it is best if you can minimise any of these potential problems.

Put the heating on in winter and cool air in summer if you have it, so your home is a comfortable temperature when people walk in. The lights should also be on, even in summer - it helps when all the rooms have the same brightness.

Meet & greet

While you are away, your agent will greet all visitors at the main entrance and take note of their name, phone number and email where possible. We do not let anyone enter your home without at least getting a phone number from them. Visitors are left to walk freely through your home but our agents will always greet them again before they leave and answer any questions they might have.

We stay alert throughout the open home, but it is recommended that any ornaments or belongings of sentimental or monetary value are put away for safe keeping prior to the open home.

At the end of the open home your agent will lock all doors and windows, turn off the lights and send you a quick text or call you to let you know they are leaving.

Open home follow up

When open homes have finished for the day your agent will call back all the visitors and document any important feedback or comments for you. In the following days your salesperson will prepare feedback from them to discuss with you either by phone, email or in person, at which time you can ask any questions you might have.

Our salespeople have all the experience you need and are happy to provide you with more advice and information. Feel free to drop in at a branch, call, or contact us online. With Barfoot & Thompson, not only do you have the strength of Auckland’s largest and most trusted real estate company behind you, you also have 1,700+ salespeople working for you.

More tips on how to prepare for open homes

We have a range of videos on our website with tips from our salespeople about how you can get your home ready and impress potential buyers.

Get all the information about how to get your property in perfect shape for open home day. View on youtube, drop in at a branch, or visit our website barfoot.co.nz

Recent

Sales

The following pages show a summary of sales in Milford, Castor Bay & Forrest Hill made by all selling agencies during April 2025.

Our sales data includes information submitted by the selling agency and may include some private sales. Where details of a particular sale may not have been able to be fully verified, it may be omitted from our reports.

Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Scan me to view our most recent sales

Milford

31 Alma Road

$1,108,000

1/10 Crete Avenue

$1,335,000 $1,275,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 110

3/15 Dodson Avenue

$1,040,000 $1,175,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 90

1/16 Otakau Road

$1,000,000 $1,260,000 CV Land Size Sale price Crosslease

1/153 Shakespeare Road

$880,000

2/81 Shakespeare Road

$830,000 $940,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 80

This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Castor Bay

38 Braemar Road

$2,055,000 $2,025,000 CV Land Size Sale price 1224 Bedrooms 5 Floor size 222

1/69 East Coast Road

$1,358,000 $1,550,000 CV Land Size Sale price Crosslease Bedrooms 3 Floor size 180

3/3 Peter Terrace

$1,210,000 $1,175,000 CV Land Size Sale price Crosslease Bedrooms 3 Floor size 140

1A Prestige Place

$1,210,000 $1,400,000 CV Land Size Sale price 326 Bedrooms 3 Floor size 210

2/2 The Esplanade

$1,600,000 $2,120,000 CV Land Size Sale price Crosslease Bedrooms 4 Floor size 270

10A Becroft Drive

$1,850,000

1/11 Brian Avenue

$1,120,000

Lot 1/11 Catalina Crescent

$1,250,000

34 Catalina Crescent

$1,300,000

1/102 East Coast Road

$1,920,000

2/169 Forrest Hill Road

$1,100,000

2/11 Gordon Avenue

$1,245,000

1/10 Havelock Avenue

$898,000

3 Juliet Place

$1,920,000

31A William Souter Street

$1,008,500 $1,375,000 CV

Land Size Sale price Crosslease Bedrooms 4 Floor size 140

8A William Souter Street

$1,900,000 $1,675,000 CV Land Size Sale price 288 Bedrooms 5 Floor size 250

What our C u s t o m e r s S a y

comm keepi conce profe

occupied property in and I am thrilled with the o utcome. His strategic approach generated significant interest, resulting in a sale price that exceeded my expectations What truly set Kai apart was his excellent communication and responsiveness throughout the process

L i n d a T e n g

Linda’s expertise and dedication gave me great confidence throughout the sale of my Her insightful advice and cation made the process cient I would not hesitate to recommend Linda to anyone seeking a reliable and results-driven real estate agent.

Kerry and April perfectly understood what our objective was and approached the task of s home with professionalism They kept us informed every step of the way and advised us how to present the home to maximise its potential The achieved sale price was a lot more than we were expecting, topped off with a clean short settlement

Elmarie was excellent from the first time we et her She was ofessional and friendly munication on anything d between us and the or making our first asy!

Meet the Team

As the Branch Manager of Barfoot & Thompson Milford, I lead a dynamic team dedicated to delivering top-notch real estate services to our clients. We help homeowners to achieve outstanding sales results, and help landlords to maximise their portfolio returns while minimising hassles.

My grandfather, Val Barfoot, founded Barfoot & Thompson 100 years ago as a new migrant from England. The company has grown to be the market leader in Auckland, but has never lost sight of key family values like integrity and respect. A focus on performance and service has seen Barfoot & Thompson achieve international recognition as the top real estate agency in Asia Pacific - the first New Zealand agency to do so.

I’m a proud North Shore local, and started my real estate career here in 2009. I’ve also had the privilege of working in our branches all across Auckland as a relieving manager, and I opened our Millwater branch in 2017 before relocating to Milford in 2019.

At Barfoot & Thompson, we believe in looking after our people and supporting our local community, but above all we believe in putting our clients first. I am committed to helping my team deliver exceptional real estate services to our clients in a positive and collaborative work environment. Feel free to reach out to me if you have any real estate needs or questions. I love meeting our clients in person and I always have time to talk.

Property Management team

Residential Sales team

Chris Cai 021 258 3328

Ying Han 021 228 8555

Cathy Li 021 779 783

Tim Mahon 027 298 7399

Lucy Wang 021 0220 4095

Mark Caisley 021 919 804

Chris Harvey 022 140 0302

Kristy Li 021 189 9366

Shirley Pei 021 1059 111

Eileen Yu 021 886 090

Faye Cui 021 269 5985

April Howard 021 688 411

Geraldine Ling 021 106 3639

Elmarie Steenberg 021 265 0252

Sophia Zeb 020 417 13052

Kai Deng 021 902 628

Effie Hu 027 818 3666

Allen Ma 021 861 230

Linda Teng 022 0296 426

Jessie Zhang 021 0283 1345

Kerry Graham 027 270 6726

Alvin Li 021 720 520

Don Mackay 027 525 0100

Lily Wang 021 887 918

180 Kitchener Road, Milford, Auckland 0620

Residential Sales 09 489 5049

Property Management 027 4319536

Email milford@barfoot.co.nz

barfoot.co.nz/milford

Barfoot & Thompson Milford