Welcome to our SOLD Milford Market Report magazine
for April/May 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 housing market recovery arrives
The Auckland housing market has responded aggressively to improved buying conditions with turnover hitting the highest number of sales in a month for more than three years, and with prices at their highest this calendar year.
“The long-anticipated housing market recovery finally arrived in March,” said Peter Thompson, Managing Director of Barfoot and Thompson.
“We sold 1,213 properties in March, and you need to go back to July 2021, when the market was just off its peak, to find a month when we sold more homes.
“There was also a marked increase in sales prices during the month, with the median price increasing by 4.3 percent to $970,000 and the average price by 3.4 percent to $1,145,045.
“The momentum in the market has been slowly building since the start of the year, and with marginally better economic
news in March confidence in the housing market lifted.
“Although both the median and average prices paid in March were at their highest this year, buyers continued to be cautious, and the prices being paid remain below where they were at this time last year.
“Higher sales number at modestly higher prices is a positive sign that improved market activity is likely to be sustained over the next few months.
“Buyer choice remains at an alltime high despite the high sales in March, and we listed 2,103 new properties in the month through a combination of new builds reaching the market and existing properties.
“At month end we had 6,268 properties on our books, by far the largest number of listings for 15 years.
“Sales activity was strong in all price segments during March, with a notable increase in sales at the top end of the market.
“We sold 28 homes for more than $3 million, the highest number in a month for three years and another 61 between $2 to $3 million.
“Sales activity in the rural and lifestyle markets in Northland and the Auckland region also increased significantly in March, with sales of close to $65 million across 39 properties.
“While turnover in the rural and lifestyle markets was up 48 percent on that for February, it was in line with turnover at the same time last year.”
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 April 2024 to 31st March 2025 we sold 38% of all properties for sale in the area* – that’s over 1400 sales made by Barfoot & Thompson!
Monthly sales overview in the local area* (*Recent Sales)
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
R O T H E S A Y B A Y
3 S A N D O W N R O A D
COASTAL CLASSIC WITH ENDLESS POTENTIAL
Enjoy sweeping Hauraki Gulf views from this generous 1012m² site backing onto the Beach Reserve With solid 1970s bones, open plan layout, and scope for further development, it’s easy to modernise or landbank. Zoned for Rangitoto College and close to the beach location and lifestyle don’t get better than this.
For sale details & viewing times: barfoot.co.nz/911630
Tim Mahon 027 298 7399
M I L F O R D
Two properties totalling 1,619sqm (more or less) in the heart of Milford Live in one and rent the other, or landbank and develop. Zoned suburban with services on site. Just a short walk to shops, beach, cafés and top schools First time on the market in 20 years – act quickly
barfoot.co.nz/911844
Cathy Li 021 779 783
M I L F O R D
ELEVATED OUTLOOK & EASY MILFORD LIVING
Near-new and freestanding with sweeping views of Rangitoto, the Gulf and Sky Tower Enjoy three bedrooms, three bathrooms, a study nook, internal garage and seamless indoor-outdoor flow. Set in a prime Milford location walk to Smales Farm, cafes, transport and the beach A smart, stylish home in a sought-after spot
barfoot.co.nz/911550
Kai Deng 021 902 628
H I L L C R E S T
L O T S 2 - 5 / 1 0 9 A R C H E R S R O A D
SUNNY, BRAND NEW & PARKSIDE
Lots 2–5 are available now: 3 bedrooms, 3 bathrooms, single garage Elevated and sunny with leafy reserve views and stylish modern finishes Enjoy Bosch appliances, generous storage, and thoughtful design throughout. Walk to schools, childcare and parks Freehold titles with no body corp – secure one of these today
barfoot co nz/910267
Lily Wang 021 887 918
A L B A N Y
RENOVATED BRICK & TILE IN PRIME LOCATION
Fully renovated and move-in ready, this single-level brick and tile home offers five bedrooms, dual living, and seamless indoor-outdoor flow. Set on a flat 636m² site with a brand new kitchen, updated bathrooms, and low-maintenance gardens. Located in a quiet cul-de-sac near top schools, shops, and cafes Simply move in and enjoy
barfoot co nz/911391
Linda Teng 022 0296 426
AUTUMN IS AN AWESOME TIME TO SELL
Summer is often seen as the most ideal time of the year to list your home but it can be smart to wait until autumn to hammer that ‘for sale’ sign into your lawn.
After all, the kids are back in school, the weather is still temperate and people are traveling less creating a more captive audience.
Rest and relaxation
Summer months are meant for relaxing, and spending time with family. Keeping the house clean with the kids home all day coupled with having to work around open houses can really be overwhelming. Wait until the dust has settled and people are closing up baches and coming home from the beaches.
The charm of autumn
There is something so lovely about the changing leaves and a crisp cool morning with a cuppa in your hand. Have a cookbook open on your countertop to a recipe for a hearty stew next to a bowl full of red apples and home buyers will be able to picture themselves getting cosy during a night in. Plus, the autumn palette on your trees can make your garden more appealing.
Heating and cooling during a cooler market
In summer, heatwaves make sweltering indoor temperature a glaring issue. Attendees at open homes often find themselves sweaty and uncomfortable while viewing properties, especially during mid-day viewings. Prospective buyers then become aware of how hot a home could be and it might therefore appear less appealing. Autumn temperatures make for a more pleasant period of time with weather extremes less of an issue. Plus, things like heat pumps and fireplaces (more common than air con) become big selling points.
Less competition
There are fewer homes on the market during the autumn months so your property will potentially receive more attention and have less competition for buyers.
Less competition for your power team
Having the right photographers, salesperson, home stagers and cleaners can be game changers when putting your house on the market. During the summer, these coveted services can be more expensive and the “best of best” can be fully booked. Waiting until the fall means there is less demand for services so you can score an appointment and you may be able to negotiate lower rates.
Buyers tend to be more serious
Autumn home buyers tend to be more focused on what they want.They have had the summer to hone down their property wish list and will be more likely to move quickly to purchase. Another motivation is that few want to brave winter’s cold temperatures when packing and settling in.
Want to know more about how to add value to your property?
For more advice, contact one of our salespeople or check out all our selling tips on how to add value to your home.
Recent
Sales
The following pages show a summary of sales in Milford, Castor Bay & Forrest Hill made by all selling agencies during March 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
47 Belmont Terrace
$2,395,000
Lot 5/98 Kitchener Road
$2,790,000 n/a CV
98 Kitchener Road
$4,200,000 $4,585,000
6 Lanark Street
$1,760,000
154A Nile Road
$1,290,000
15 Ocean View Road
$5,425,000 $4,825,000
30A
Ocean View Road
$4,900,000 $4,375,000
9A Pierce Road
$3,422,000
2/117 Shakespeare Road
$990,000
1/185 Shakespeare Road
4/197 Shakespeare Road
$840,000
5/35 Shakespeare Road
$780,000
18A Tiri Road
Castor Bay
1/62 Beach Road
5/18 Bevyn Street
50 Castor Bay Road $4,200,000
2/2 Marama Street
$1,320,000
37A Parr Terrace
$2,300,000
7B Peter Terrace
$1,770,000
Forrest Hill
23 Blakeborough Drive
$1,540,000
1/125 Forrest Hill Road
$968,000
Avenue
43 Kenmure Avenue
37 Lyttelton Avenue
$1,300,000 $1,800,000 CV Land Size Sale price 623 Bedrooms 3 Floor size 120
2/23 Marsh Avenue
$1,170,000 $1,060,000 CV Land Size Sale price Crosslease Bedrooms 3 Floor size 140
5 Ravenwood Drive
$1,700,000 $1,875,000 CV Land Size Sale price 675 Bedrooms 4 Floor size 250
36 Seine Road
$1,580,000 $1,775,000 CV
675
12A Tiber Road
$1,700,000 $1,650,000 CV Land Size Sale price 219
3
4 Floor size 175
6 William Souter Street
$2,000,000 $2,400,000 CV Land Size Sale price 862 Bedrooms 6 Floor size 150
46
Woodstock Road
$1,635,000 $1,725,000 CV Land Size Sale price 675 Bedrooms 3 Floor size 120
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.
What our C u s t o m e r s S a y
E i l e e n Y u
We are extremely pleased with our experience working with Eileen Yu Her , clear communication, and uided us through a smooth and successful purchase We’re truly grateful for her efforts and will happily recom
the b selling ever e her d
T i m M a h o n
Tim Mahon made selling my property a breeze. His depth of experience and knowledge et helped me sell for more with no problems I’m extremely pleased with the outcome and highly recommend his services
We are very pleased Kr isty and Jessie assisted us during the sale of our house They t us updated and were e for any inquiries Their ge, patience, and ability to connect with buyers made all the difference I highly recommend both Kristy and Jessie. above and beyond to get ur property sold She sures all parties are well mmunication via phone r property was tricky, time to understand the ny buyer concerns with
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