Barfoot & Thompson | Flat Bush by barfootsuburbsales

Apr.2024 Flat Bush Market Report

barfoot.co.nz/flatbush

Welcome to our SOLD Flat Bush Market Report magazine for April 2024

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.

Flat Bush branch 45/277 Te Irirangi Drive, Flat Bush Auckland 2019 P 09 271 6199 E flatbush@barfoot.co.nz barfoot.co.nz/flatbush

Jon Simpson and the Flat Bush team

March Activity and Prices Breach Auckland’s Property Log Jam

Residential property sales in Auckland in March made a significant breach in the log jam of homes that remained unsold in the first two months of the year.

“March was the most active trading month the Auckland housing market has experienced in the past two years” said Peter Thompson, Managing Director of Barfoot & Thompson.

“The log jam was breached, and we sold 1061 properties in the month, the first time we have exceeded the 1000 mark in two years, and the prices paid for those homes were the highest in 18 months.

“Both the median and average sales prices have now moved above the $1 million mark.

“The median sales price at $1,050,000 was up 8.2 percent on that for the previous month, and the median price is now 4.2 percent higher than the average median price for the previous 3 months.

“The average sales price at $1,227,495 was 10 percent higher than last month and is up 8.9

percent on the average price for the previous 3 months.

“Both the median and average price are higher than they were at the same time last year.

“In March, buyers made the decision that at current prices property represented value for money and that they were prepared to live with mortgage interest rates at current levels.

“Now that confidence has returned to the market, there is every prospect that buoyant conditions will continue through Autumn.

“New listings continued to reach the market at strong levels, with 1952 listings in the month, and at month end we had 5741 properties on our books.

“While we sold homes at the equivalent of 34 a day, the level of new listings outpaced sales and the choice of homes for sale in Auckland remains the highest it has been for more than a decade.

“A feature of March’s sales was the return in strength of buyers at the top end of the market, with 89

homes being sold for more than $2 million and of these, 27 sold for more than $3 million.

“Sales in the rural and lifestyle markets were in line with those experienced 12 months previously.

“While these markets did not experience the lift in activity seen in the Auckland metropolitan area, there was a general feeling of more confidence among vendors and buyers. Higher listings in March over those in the early months of the year gave potential buyers in these markets greater choice than has recently been available.”

Peter Thompson Managing Director

Market share and figures

Overall Market Share

Over the last 12 months, Barfoot & Thompson has sold more property in our area* than any competitor. For the period from 1st April 2023 to 31st March 2024, we sold 47% of all properties for sale in the area, that’s over 965 sales made by Barfoot & Thompson! And in the month of March 2024, we sold 46% - which is also more than any competitor!

Dannemora

Same period last year Last 3 months

50 12 26 31 125 44 19 5 28 29 23 23 45 12 20 25 120 37 18 5 25 30 10 31 0 20 40 60 80 100 120 140

Howick + Mellons Bay Highland Park Half Moon Bay Golflands + Burswood + Northpark Flat Bush Farm Cove + Sunnyhills + Pakuranga

East Tamaki

Same Period Last Year Last 3 months

of Sales

January to 31st March 2024 compared to the same period last year. 47% 46% YTD

Cockle Bay + Shelly Park + Somerville Bucklands Beach + Eastern Beach Botany Downs Beachlands + Maraetai

Number

1st

49% of properties in the local area* sold for $1.25 million or more over the last 3 months.

* Figures shown on these pages include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. The area shown includes Beachlands, Botany Downs, Bucklands Beach, Burswood, Cockle Bay, Dannemora, East Tamaki, East Tamaki Heights, Eastern Beach, Farm Cove, Flat Bush, Golflands, Half Moon Bay, Highland Park, Howick, Maraetai, Mellons Bay, Northpark, Pakuranga, Shelly Park, Somerville and Sunnyhills. Where sales information was not publicly available, an individual sale may have been excluded from the average results and tallies. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

$1,293,650 $1,159,949 $1,489,015 $1,398,370 $1,188,426 $1,248,497 $953,184 $2,418,000 $1,524,125 $1,416,010 $1,251,304 $1,528,347 $1,200,095 $957,083 $1,364,420 $1,249,520 $1,258,291 $1,696,794 $1,102,305 $1,697,000 $1,383,200 $1,771,062 $1,126,988 $1,380,225 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 Howick + Mellons Bay Highland Park Half Moon Bay Golflands + Burswood + Northpark Flat Bush Farm Cove + Sunnyhills + Pakuranga East Tamaki Dannemora Cockle Bay + Shelly Park + Somerville Bucklands Beach + Eastern Beach Botany Downs Beachlands + Maraetai Same Period Last Year Last 3 months

Average sale Price 1st January to 31st March 2024 compared to the same period last year.

Same period last year Last 3 months

Source: theage.com.au

Energy-efficient homes

Easy Ways to Make Your Home More Sustainable.

Everyone wants to live in a warm, dry house - without the alarming monthly power bill. By making a few small adjustments, you can make your property warmer, drier and more energy efficient - all on a budget that can adapt as you go on.

How do you switch from gas to electric in your home

For decades, gas was promoted as a cheap, clean, “natural” source of power: stored sunshine.

Almost overnight, though, this fossil fuel is less popular: recognised as a major contributor to climate change, increasingly expensive and a potential health hazard in the home.

With gas now on the nose, the trend is New Zealand`s householders are switching to green electricity.

Where do you start?

The electric heat pump is a technology relatively new to New Zealand and Australia.

Germany, in contrast, is considering banning gas boilers entirely in new buildings, with heat pumps likely to be the main replacement due to their higher efficiency.

Costing between $2500 and $5500, depending on brand and capacity, electric heat pumps work a lot like a fridge in reverse, gathering heat from the outside air and transferring it to water in a storage tank.

They are much more efficient than old-style electric and gas water heaters and can cost very little to run when drawing power during the day from a home’s solar panels.

If replacing your gas hot water right now is impractical, you could make a start with some passive improvements to reduce your energy usage, which are generally easy and relatively cheap.

What can you change in the kitchen?

Once you have reverse-cycle heating and cooling and heat-pump hot water, next comes the kitchen: replacing a gas cooktop with an induction hotplate.

For many, this can prove the biggest hurdle. For generations, cooking with gas was considered superior to electric: instant heat that could be carefully controlled, far more responsive than the old-style electricelement cooktops.

What we have not known about gas, though, is its less-than-virtuous risk to health, especially our children’s.

Burning it in our kitchens, fills the air with pollutants that can be absorbed into the bloodstream.

Induction cookers produce zero emissions (in the home, at least) and are more efficient than gas – proving faster to boil a pot of water, for example.

The psychological barrier is understanding how they work. Induction cooktops – short for electromagnetic induction – generate a constantly changing magnetic field that transfers an electric current into metal cookware, heating it.

Efficiency Tips

• Seal draughty windows and external doors with weather stripping and automatic door seals for a few dollars from your local hardware store.

• This is basic, but draw the curtains or blinds at night in winter to keep heat inside.

• Block up the chimney if you don’t use the fireplace.

• In old homes, cover the wall vents.

• If you have a reverse-cycle air conditioner already, then you’re at least part of the way towards turning off the gas heating.

Digitally controlled cooking gives the ability to maintain exact temperatures and set timers, with no pan on the surface they stay cool and safe for children and pets, and they are easy to clean; although this is an important change that may cost money and effort, it will last for years and will make your kitchen ecofriendly. If not sure, as a first step you could test the water with a portable single-burner unit from under $100, which plugs into a normal socket.

Source: theage.com.au

So, you’ve turned off the gas. What next?

You may find the journey to electrification also encourages you to improve your home’s efficiency in other ways.

First steps typically include a rooftop solar panel array and new or better insulation in the roof and under the floor for homes on stumps, which are reasonably affordable upgrades, from a few thousand dollars depending on the type of material used, such as natural wool, and the size of the home.

Then there are the major purchases: double glazing, house batteries, electric cars that can potentially reverse-power your home, and renovations or new builds designed to be as energy efficient as possible. But you don’t need to have unlimited funds, alternatives like relying on fireplaces, electric stoves, getting materials from recycling centres, etc. It is about getting off gas and then slowly upgrade appliances or buy new improvements to your home.

New Zealand’s government is developing a plan for managing the gas industry’s transition to a low emissions future, while Auckland’s council has a complete guide and online resources to create a healthy, energyefficient homes. Click here to learn more.

Recent Sales

The following pages show a summary of sales in Dannemora, East Tamaki (& Heights) and Flat Bush made by all selling agencies during March 2024.

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.

Every reasonable effort has been made to ensure the accuracy of the information presented. Land and floor sizes are approximate, sourced from REINZ, Auckland Council or other public sources and may contain inaccuracies. Barfoot & Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

MAR 2024 East Tamaki 9 Burnaston Court $2,135,000 $2,200,000 CV Land Size Sale price 732 Bedrooms 5 Floor size 328 316 Point View Drive $4,355,000 $3,675,000 CV Land Size Sale price 5043 Bedrooms 6 Floor size 401 35/2 Armoy Drive $650,000 $790,000 CV Land Size Sale price Unit Title Bedrooms 2 Floor size 80 52/2 Armoy Drive $828,000 $830,000 CV Land Size Sale price Unit Title Bedrooms 3 Floor size 112 18 Armstrong Farm Drive $2,250,000 $2,350,000 CV Land Size Sale price 751 Bedrooms 4 Floor size 267 383 Chapel Road $1,350,000 $1,350,000 CV Land Size Sale price 427 Bedrooms 4 Floor size 190 20/7 Kelvin Hart Drive $522,000 $540,000 CV Land Size Sale price Unit Title Bedrooms 1 Floor size 50 257 Kilkenny Drive $1,545,000 $1,575,000 CV Land Size Sale price 600 Bedrooms 4 Floor size 226

Dannemora

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.

22 Kirikiri Lane $830,000 $850,000 CV Land Size Sale price 139 Bedrooms 2 Floor size 116 8 Marlon Lane $1,300,000 $1,400,000 CV Land Size Sale price 490 Bedrooms 4 Floor size 169 31 Newbliss Crescent $1,512,000 $1,475,000 CV Land Size Sale price 551 Bedrooms 3 Floor size 191 4/27 Opito Way $634,000 $720,000 CV Land Size Sale price Unit Title Bedrooms 2 Floor size 80 21 Penwood Close $3,850,000 $3,200,000 CV Land Size Sale price 5010 Bedrooms 6 Floor size 447 14 Wayne Francis Drive $1,520,000 $1,450,000 CV Land Size Sale price 688 Bedrooms 4 Floor size 173

MAR 2024 3 Alluvial Street $1,665,000 n/a CV Land Size Sale price 380 Bedrooms 6 Floor size n/a 9 Alluvial Street $1,684,000 n/a CV Land Size Sale price 399 Bedrooms n/a Floor size n/a 92 Arrowsmith Drive $1,020,000 $1,050,000 CV Land Size Sale price 184 Bedrooms 4 Floor size 176 18 Askerne Drive $1,268,000 $1,250,000 CV Land Size Sale price 399 Bedrooms 4 Floor size 167 15 Aviano Close $1,452,500 $1,525,000 CV Land Size Sale price 400 Bedrooms 5 Floor size 255 2A Ballyalton Crescent $1,700,000 $1,700,000 CV Land Size Sale price 351 Bedrooms 7 Floor size n/a 14 Beros Place $1,480,000 $1,450,000 CV Land Size Sale price 497 Bedrooms 5 Floor size 232 6 Bowmore Close $1,270,000 $1,300,000 CV Land Size Sale price 349 Bedrooms 4 Floor size 205 5 Caldecote Place $974,000 $1,100,000 CV Land Size Sale price 560 Bedrooms 3 Floor size 142

Flat Bush

13/11 Carlos Drive $620,000 $620,000 CV Land Size Sale price Unit Title Bedrooms 2 Floor size 80 60 Castlederg Drive $1,401,000 $1,650,000 CV Land Size Sale price 426 Bedrooms 5 Floor size 288 58 Chateau Rise $4,500,000 $4,250,000 CV Land Size Sale price 3897 Bedrooms 5 Floor size 508 16 Cloonlyon Drive $1,760,000 $1,775,000 CV Land Size Sale price 477 Bedrooms 7 Floor size 336 11 Coachman Drive $1,289,510 $1,400,000 CV Land Size Sale price 365 Bedrooms 4 Floor size 225 29 Cooladawson Drive $1,670,000 $1,650,000 CV Land Size Sale price 365 Bedrooms 7 Floor size 322 9 Gerolds Place $1,058,000 $1,125,000 CV Land Size Sale price 608 Bedrooms 3 Floor size 148 18 Glann Lane $1,640,000 $1,825,000 CV Land Size Sale price 325 Bedrooms 7 Floor size 358 9 Kenley Heights $1,478,000 $1,525,000 CV Land Size Sale price 642 Bedrooms 5 Floor size 236

MAR 2024 32 Kiato Lane $695,000 n/a CV Land Size Sale price 77 Bedrooms 2 Floor size n/a 39 Kiato Lane $680,000 n/a CV Land Size Sale price n/a Bedrooms 2 Floor size n/a 2 Koromeke Street $1,860,000 n/a CV Land Size Sale price 421 Bedrooms 7 Floor size n/a 47 Koromeke Street $1,735,000 n/a CV Land Size Sale price 434 Bedrooms 7 Floor size 328 28A Ksenia Drive $694,000 $720,000 CV Land Size Sale price 252 Bedrooms 2 Floor size 112 3 Lavey Road $1,560,000 $1,475,000 CV Land Size Sale price 364 Bedrooms 7 Floor size 275 31 Lucca Crescent $1,230,000 $1,500,000 CV Land Size Sale price 400 Bedrooms 5 Floor size 261 32 Maybole Drive $1,450,000 $1,425,000 CV Land Size Sale price 594 Bedrooms 4 Floor size 224 45 Michael Bosher Way $1,640,000 n/a CV Land Size Sale price 368 Bedrooms 6 Floor size n/a

90A Michael Jones Drive $545,000 $560,000 CV Land Size Sale price Unit Title Bedrooms 2 Floor size 89 96C Michael Jones Drive $520,000 $540,000 CV Land Size Sale price Unit Title Bedrooms 2 Floor size 73 98B Michael Jones Drive $530,000 $540,000 CV Land Size Sale price Unit Title Bedrooms 2 Floor size 73 31B Murphys Park Drive $815,000 $810,000 CV Land Size Sale price 59 Bedrooms 3 Floor size 85 41 Murphys Park Drive $1,565,000 $1,800,000 CV Land Size Sale price 376 Bedrooms 7 Floor size 311 Lot 941/125C Murphys Road $819,000 n/a CV Land Size Sale price 103 Bedrooms 3 Floor size 98 264 Murphys Road $1,288,000 $1,250,000 CV Land Size Sale price 451 Bedrooms 4 Floor size 180 411 Murphys Road $560,000 $620,000 CV Land Size Sale price Unit Title Bedrooms 1 Floor size 66 425 Murphys Road $680,000 $840,000 CV Land Size Sale price Unit Title Bedrooms 2 Floor size 73

MAR 2024 386 Ormiston Road $1,221,000 $1,325,000 CV Land Size Sale price 292 Bedrooms 5 Floor size 228 399 Ormiston Road $1,622,000 $1,750,000 CV Land Size Sale price 447 Bedrooms 6 Floor size 317 3 Pae Lane $1,743,000 $1,775,000 CV Land Size Sale price 414 Bedrooms 7 Floor size 330 5 Palazzo Close $1,460,000 $1,500,000 CV Land Size Sale price 364 Bedrooms 6 Floor size 268 20 Paripari Street $1,430,000 $1,500,000 CV Land Size Sale price 325 Bedrooms 6 Floor size 250 4 Ravello Rise $1,800,000 $1,825,000 CV Land Size Sale price 1037 Bedrooms 4 Floor size 294 14 Reno Way $1,164,000 $1,325,000 CV Land Size Sale price 316 Bedrooms 5 Floor size 201 20 Silverwood Drive $1,280,000 $1,175,000 CV Land Size Sale price 405 Bedrooms 4 Floor size 177 102 Valderama Drive $747,826 $790,000 CV Land Size Sale price 440 Bedrooms n/a Floor size n/a

12 Watersfield Place $1,050,000 $1,125,000 CV Land Size Sale price 612 Bedrooms 3 Floor size 142 56 Whimbrel Road $990,000 $1,100,000 CV Land Size Sale price 173 Bedrooms 4 Floor size 168

MAR 2024

Meet the team

# 5 Branch Overall to end March 2023

# 6 Branch Overall to end March 2022

# 6 Branch Overall to end March 2021

#4 Branch Overall to end March 2020

A hardworking team with multi-lingual ability, Barfoot & Thompson Flat Bush (previously known as Dannemora) are well-positioned to help you buy, sell or rent in this new and diverse area.

Barfoot & Thompson has been in Flat Bush since 2004, and has seen many changes take place over the years as the area - previously farmland - has been sympathetically redeveloped.

Today, Flat Bush is a thriving suburb with a very diverse culture. The team at Barfoot & Thompson reflect this diversity, and many staff are able to speak more than one language. The branch is in the top 25 Barfoot & Thompson branches for sales and among the top 10 rental

divisions in the company.

The Flat Bush sales team have an ‘auction focus’ - using Barfoot & Thompson’s in-house auction experts and the strength of the company’s network to get the best result possible for everyone who sells with them. Every home listed with Barfoot & Thompson is shared with all 77+ branches Auckland wide, giving your campaign unbeatable reach. After all - you never know which suburb your buyer will come from!

The Flat Bush rentals team offer dedicated property managers to look after your rental property, or help you find the perfect home.

As a suburb, Flat Bush is a great option for families - with large houses, great shopping nearby, good schooling and easy access to parks, reserves, farmland and the beautiful eastern beaches. Local eateries reflect the area’s diverse culture.

Jon Simpson Branch Manager 021 618 452 Property Management team Kelsey Luan Head of Property Management 027 537 8832 Terry Chien Property Management Administrator Amy Chiu Property Manager 027 298 5047 Claire Ooi Property Manager 027 495 8884 Yao Hou Property Manager 027 733 1853 Sally Yap Property Manager 027 245 1854 Colin Yang Property Manager 021 228 9902

Residential Sales team

Danny

Lim 021 267 5888

Kheang

Lim 021 300 505

021 380 337

Monique Ho Wendy Hu 021 536 513 Dev

Joshi 022 419 3400

Young

Kim 021 731 919

Wendy

Lio 021 075 2277

Eric

Koh 021 388 383

228

Raymond

Kwan 021 626

Veronica

Lee 021 886 866

021 278 7272

Sally Marwaha

021 275 6708

NK Lim

021 861 358

Alan Feng

021 307 883

Naresh Gulani Tav

Kaur 021 830 830

600

Melanie

Broodryk 021 507

Tejveer

Singh Bhatia 021 027 34189

Chitra

Bansal 027 487 0752

Sovan

Chhiv 027 854 3999

Sharine

Burns 027 60 600

Ajay

Dhir 022 434 9583

Tiara

Creswell 021 081 58554

0004

Jagjot

Dhaliwal 020 456

Baljit

Singh Duhra 027 540 5070

Anna

An 0272 888 885

Bob

Adler 027 221 0891

Victor

Bai 021 705 648

250

Timothy

Duncan Sales Manager 027 2943

Manoj

Arora 021 267 5170

Nidesh

Arora 027 449 2675

Ken

Lin 021 025 09936

Betty

Huang 027 611 1008

Walter

Huang 021 148 4181

Gopal

Koli 021 165 2713

Shane

Kumar 021 047 4353

Kamal

Luthra 021 250 1234

Anju Salwan 022 588 9878

Akash

Naven Pillay 027 655 6675

Digvijay Singh 021 0814 6165

Manu Thapar 022 0912 412

Graham McKinnon 021 193 9993 Mabel Mathew 022 027 8846 Hardeep Singh 021 877 987 Josh Troskie 021 022 02515 Vanjari 021 027 28810 Thomas Wahlmann 021 746 449 Michael Wang 021 244 9990 Sylvia Wang 027 222 6262 Nancy Zhu 021 810 681 Gillian Quantril 027 286 6806 Srini Rangu 021 040 5231 Jitender Setia 021 587 585 Pipal Sidhu 021 039 9242 Ken Ngan 021 688 389 Bobby Namdar 021 022 02606 Kumar Namdar 027 585 3677 Neeraj Narayan 021 265 7061 Rachel Yuan 021 158 8366 Kaylene McKinnon 021 192 9992 Naresh Mistry 027 480 0372 Mona Monica 022 300 6886 Bramha Naidoo 021 120 9215 Jimmy Singh 021 141 8088 Richie Singh 021 261 4001 Aakar Vyas 021 050 6954 Gurinder Sodhi 021 114 9442 Manpreet Singh 021 293 7196

Barfoot & Thompson Flat Bush 45/277 Te Irirangi Drive, Flat Bush, Auckland 2019 Residential Sales 09 09 271 6199 Property Management 09 271 6219 Email flatbush@barfoot.co.nz barfoot.co.nz/flatbush AKTSM6 Flat Bush