July2023 Whangaparaoa & Hibiscus Coast Market Report barfoot.co.nz/whangaparaoa
Welcome to our SOLD Whangaparaoa & Hibiscus Coast Market Report magazine for July 2023
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.
Whangaparaoa branch Shop 2 719 Whangaparaoa Rd Whangaparaoa 0930 P 09 424 9199 E whangaparaoa@barfoot.co.nz barfoot.co.nz/whangaparaoa
Ben Teagle and the Whangaparaoa team
Latest News
June Sees Some Normality Return to the Auckland Market
It appears a sense of normality may have returned to the Auckland housing market with June property sales more in line with traditional pre-Covid sales patterns for the first month of winter.
“The current housing market cycle is probably one of hardest Aucklanders have been through in recent years,” says Peter Thompson, Managing Director of Barfoot & Thompson. “And while it is still tough, there continues to be positive signs we are now entering into a period of more stability.”
“With 711 sales during the month, the market is once again comparable with the same month pre-pandemic and 3.9% higher than June 2022, as sales numbers continue to track back up following April’s record low.
“June’s average sales price at $1,097,896 was up 2.5% on the previous month’s average and sat 1% higher when compared to the average price of the three months preceding. While the medium price at $995,000 increased by 4.2% when compared to May.
“When all recent house price rises and falls are taken out of the equation, the only period we can meaningfully compare current
house prices to is 2019 when we were last in a true marketdriven cycle. Both the average and median sales prices achieved during June are around 17% higher when compared to the same month four years ago.
“We are seeing an increase in multi-offer bids on properties and our auction rooms have been busy throughout the month. Although the increased activity is not driving up prices it does indicate confidence is returning, which is great news for both vendors and buyers.
“New listings continued to come into the market with 1266 during June which is in line with what we’d expect as we enter the winter period. This sense of familiarity is reassuring against the current backdrop and is a further sign of cautious optimism.
“At month’s end, we had 4277 listings on our books, giving buyers an excellent range of properties across all price brackets.
“The high end of the market continued to show resilience with 48 homes over $2 million sold in June, knocking May off the second highest monthly sales spot in this category.
“Properties under $750,000 were also in high demand, with 180 sold during the month.
“There were 24 rural and lifestyle properties sold in June, and although this is a relatively modest number, it’s the third busiest month of trading this year, reflecting that buyers and vendors are getting closer in their thinking on what’s fair for market value. There was also more activity in this sector during the month, with new appraisals and larger numbers of buyers attending open homes.”
Peter Thompson Managing DirectorSales Data June 2023 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 (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. We Do make a difference. Talk to us about Barfoot & Thompson’s number of days on the market for our different sale methods. SALE PRICE Average $1,034,472 Highest $1,855,000 Lowest $300,000 MEDIAN Sale Price $1,000,000 CV $1,050,000 TOTAL SALES June 2023 53 June Last Year 47 13%* * Total monthly sales up/down compared to the same period last year. BY PRICE BRACKETS $0 - $750K 8 $750K - $1M 18 $1 - $2M 27 $2M+ 0
Bay, Army Bay, Gulf Harbour, Manly, Matakatia, Red Beach, Stanmore Bay and Tindalls Beach
Arkles
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 July 2022 to 30th June 2023, we sold 32% of all properties for sale in the area – that’s over 300 sales made by Barfoot & Thompson!
Monthly sales overview in the local area* (*Recent Sales)
* Figures shown on this page include information from multiple sources and published reports of residential sales made by most Real Estate agencies and may include private sales. The area shown includes Arkles Bay, Army Bay, Gulf Harbour, Hatfields Beach, Manly, Matakatia, Orewa, Red Beach, Silverdale, Stillwater, Stanmore Bay & Tindalls Beach. 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.
32% 28% $0-1M 36% $1-1.5M $1.5M+ 32%
Number of Sales
64%
* Arkles Bay, Army Bay, Gulf Harbour, Hatfields Beach, Manly, Matakatia, Orewa, Red Beach, Silverdale, Stillwater, Stanmore Bay & Tindalls Beach
1st April to 30th June 2023 compared to the same period last year.
$917,426 $1,386,056 $1,198,655 $1,256,895 $1,121,055 $990,606 $1,145,800 $1,432,489 $1,491,441 $1,374,783 $1,578,437 $1,297,759 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 Stanmore Bay + Arkles Bay Silverdale Red Beach Orewa + Hatfield Beach Manly, Matakatia + Tindalls Beach Gulf Harbour + Army Bay Same Period Last Year Last 3 months
49 44 29 81 25 33 56 56 34 90 24 40 0 10 20 30 40 50 60 70 80 90 100 Stanmore Bay + Arkles Bay Silverdale Red Beach Orewa + Hatfield Beach Manly, Matakatia + Tindalls Beach Gulf Harbour + Army Bay Same Period Last Year Last 3 months Same period last year Last 3 months
of properties in the local area* sold for $1 million or more over the last 3 months.
Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. 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. Last 3 months Same period last year
1st April to 30th June 2023 compared to the same period last year.
Average sale Price
HOW WE HELP LANDLORDS
Property management with peace of mind
In our recent editions we have discussed the steps involved in selling your home. This article covers how Barfoot & Thompson also help landlords manage their property.
Remember we have more information and a range of videos to help whether you are buying, selling or renting.
Find out more about our Property Management service on our website at this link:
barfoot.co.nz/landlords/how-we-helplandlords
How we help landlords manage their property
As an investor, you want to know your rental property is in safe hands. That’s where Barfoot & Thompson comes in.
Stress-free property management
With Barfoot & Thompson, not only do you have the strength of Auckland’s largest and most trusted real estate company behind you, but you have peace of mind that property management experts are looking after your investment.
So instead of dealing with the day-to-day issues, you can sit back and relax, confident that your property is in safe hands.
We manage 15,000+ rental properties
Barfoot & Thompson is Auckland’s leading real estate company and New Zealand’s largest privately owned real estate company.
It is still run by the Barfoot and Thompson families and has been for 90 years.
We manage over 15,000 rental properties and with dedicated property managers in over 60 branches and one of Auckland’s largest rental portfolios, we have the experience and scale to help you.
We can help you find the right tenants and get the right rent
– Rigorous selection process
– Knowledge of the local rental market will ensure you get the right price
– Regular rent reviews – see an increase in rent received to match market changes
– Extensive portfolio of potential tenants: we’ll do our best to ensure your property is always tenanted.
We resolve disputes
Because property management is our area of expertise, and as members of the Real Estate Institute we understand the legislative ins and outs so can deal with any issues that arise quickly and effectively. When required, our property managers represent our landlords at mediations and tenancy tribunal hearings.
“I never have to worry about my rentals: the team at Barfoot & Thompson is on top of all the issues. I just get the statements at the end of the month. This is exactly the service I want.”
C. StokesFind out about how our property management can help you manage your rental properties, no matter how big or small your rental portfolio.
www.barfoot.co.nz/landlords
You can be sure that your money is in good hands
Handling of all rental funds is managed through our head office accounting department.
And, 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.
Barfoot & Thompson Ltd is also licensed under the Real Estate Agents Act 2008.
Did you know?
When you advertise a property for rent or for sale with Barfoot & Thompson, it will be advertised on barfoot.co.nz and realestate.co.nz
If your rental property becomes vacant, you’ll receive extra online marketing – at no extra cost –on barfoot.co.nz as well as realestate.co.nz
This offer is available to our fullservice property management clients.
We have local knowledge
Because our property managers are based in Barfoot & Thompson branches across Auckland and Northland, they understand their local rental market, have access to a wide portfolio of potential tenants, and can keep an eye on your property easily. Every branch has support staff to assist you should your property manager be out of the office.
Membership discount: Auckland Property Investors Association
As Gold sponsors of the Auckland Property Investors Association (APIA), Barfoot & Thompson full service property management clients, get a membership discount to the APIA. The APIA is a not-for-profit organisation which promotes education and networking for it’s members, helping them become betters landlords and astute property investors.
Regular communication, clear information
We report back to you on a regular basis the findings of our inspections, send statements at the end of each month, and keep you informed of market conditions, rent reviews and other relevant information.
The best technology in the business
Barfoot & Thompson has invested in state-of-the-art property management systems – which contain the details of all rental properties we manage. By linking all quotes, repairs, maintenance, photos and rent payments to each rental account, all information related to a property is at our fingertips – invaluable for regular reporting and should a dispute occur.
Property Insider
Every month, we send out an e-newsletter to our landlords to keep them in touch with what’s happening in the rental market.
From the latest suburb reports on sales, rent and yield (return on investment) to rental reports and landlord tips, you can get it all in the Property Management Insider – subscribe now.
We also run regular property investment seminars for our property management clients, where you can hear the latest information and tips on the sales and rental market, the New Zealand and Auckland economies and so much more.
Want more information on rental prices and return on investment?
– View our latest suburb report on sales, rent and yield.
– See our latest rental report organised by area.
– Contact one of our property managers or visit a branch near you.
www.barfoot.co.nz/propertymanagement
Recent Sales
The following pages show a summary of sales in Whangaparaoa Peninsula including Arkles Bay, Army Bay, Gulf Harbour, Manly, Matakatia, Red Beach, Stanmore Bay and Tindalls Beach made by all selling agencies during June 2023.
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.
Peninsula JUNE 2023 17 Kestrel Heights, Arkles Bay $921,550 Sale price Land Size Crosslease $930,000 CV 120 Floor size 4 Bedrooms 6 McKenzie Avenue, Arkles Bay $1,592,000 Sale price Land Size 817 $1,075,000 CV 159 Floor size 4 Bedrooms 10A Mollyhawk Rise, Arkles Bay $300,000 Sale price Land Size Crosslease $900,000 CV 94 Floor size 3 Bedrooms 52A Everard Avenue, Army Bay $1,150,000 Sale price Land Size 392 $1,050,000 CV 189 Floor size 4 Bedrooms 4 Shakespear Road, Army Bay $1,070,000 Sale price Land Size 859 $1,075,000 CV 220 Floor size 3 Bedrooms 1278A Whangaparaoa Road, Army Bay $1,150,000 Sale price Land Size Crosslease $1,065,000 CV 91 Floor size 2 Bedrooms 7 Burwood Terrace, Gulf Harbour $1,080,000 Sale price Land Size 674 $1,050,000 CV 240 Floor size 5 Bedrooms 31 Fingal Way, Gulf Harbour $950,000 Sale price Land Size 905 $1,175,000 CV 228 Floor size 4 Bedrooms
Gulf Harbour
Gulf
$645,000 Sale price Land Size Unit Title $580,000 CV 102 Floor size 3 Bedrooms
Whangaparaoa
42/340
Drive,
Harbour
33 Kaipuke Crescent, Gulf Harbour $920,000 Sale price Land Size 567 $1,075,000 CV 165 Floor size 3 Bedrooms 63 Kensington Terrace, Gulf Harbour $980,000 Sale price Land Size 699 $1,025,000 CV 239 Floor size 4 Bedrooms 14 Kiwa Crescent, Gulf Harbour $1,000,000 Sale price Land Size 337 $1,025,000 CV 166 Floor size 3 Bedrooms 18 Maylee Crescent, Gulf Harbour $1,065,500 Sale price Land Size 441 $1,000,000 CV 168 Floor size 3 Bedrooms 9 Midshipman Court, Gulf Harbour $899,000 Sale price Land Size 330 $960,000 CV 156 Floor size 3 Bedrooms 3 Parkview Drive, Gulf Harbour $1,165,000 Sale price Land Size 502 $1,250,000 CV 247 Floor size 4 Bedrooms 11A Brandon Road, Manly $850,000 Sale price Land Size 284 $925,000 CV 173 Floor size 4 Bedrooms 69 Motutapu Avenue, Manly $990,000 Sale price Land Size 525 $1,000,000 CV 144 Floor size 3 Bedrooms 45 Polkinghorne Drive, Manly $1,272,000 Sale price Land Size 722 $1,100,000 CV 220 Floor size 4 Bedrooms
JUNE 2023 6 Spinnaker Point, Manly $1,051,000 Sale price Land Size 602 $1,125,000 CV 174 Floor size 4 Bedrooms 4 Tiri Road, Manly $520,000 Sale price Land Size 344 $965,000 CV 77 Floor size 2 Bedrooms 97 Tiri Road, Matakatia $1,035,000 Sale price Land Size 1669 $1,475,000 CV 64 Floor size 1 Bedrooms 63A Albatross Road, Red Beach $842,000 Sale price Land Size Crosslease $810,000 CV 90 Floor size 2 Bedrooms 40 Anchorite Way, Red Beach $1,250,000 Sale price Land Size 555 $1,300,000 CV 230 Floor size 4 Bedrooms 51 Couldrey Crescent, Red Beach $1,290,000 Sale price Land Size 476 $1,350,000 CV 151 Floor size 3 Bedrooms 17 Durness Place, Red Beach $1,650,000 Sale price Land Size 825 $1,750,000 CV 420 Floor size 5 Bedrooms 3 Higham Ferrers Place, Red Beach $1,300,000 Sale price Land Size 758 $1,600,000 CV 135 Floor size 4 Bedrooms 21 Kukuwai Avenue, Red Beach $1,385,000 Sale price Land Size 453 $1,450,000 CV 239 Floor size 4 Bedrooms
14 Kuparu Lane, Red Beach $880,000 Sale price Land Size 221 $810,000 CV 101 Floor size 2 Bedrooms 18 Owen Chapman Drive, Red Beach $780,000 Sale price Land Size 112 $770,000 CV 86 Floor size 2 Bedrooms 28 Owen Chapman Drive, Red Beach $1,140,000 Sale price Land Size 233 $1,150,000 CV 199 Floor size 4 Bedrooms 32 Owen Chapman Drive, Red Beach $1,020,000 Sale price Land Size 164 $950,000 CV 150 Floor size 3 Bedrooms 40 Pohutukawa Avenue, Red Beach $1,600,000 Sale price Land Size 809 $1,550,000 CV 71 Floor size 2 Bedrooms 36 Saltwood Street, Red Beach $1,325,000 Sale price Land Size 625 $1,400,000 CV 221 Floor size 4 Bedrooms 23 Taikura Avenue, Red Beach $1,215,000 Sale price Land Size 476 $1,350,000 CV 178 Floor size 3 Bedrooms 105 Whangaparaoa Road, Red Beach $1,855,000 Sale price Land Size 4380 $1,850,000 CV 327 Floor size 4 Bedrooms 12A Cedar Terrace, Stanmore Bay $680,000 Sale price Land Size Crosslease $670,000 CV 76 Floor size 2 Bedrooms
JUNE 2023 21 Donald Street, Stanmore Bay $850,000 Sale price Land Size 630 $1,045,000 CV 170 Floor size 3 Bedrooms 8 Glanville Close, Stanmore Bay $1,165,000 Sale price Land Size 672 $1,325,000 CV 170 Floor size 3 Bedrooms 1/39 Langton Road, Stanmore Bay $832,500 Sale price Land Size 975 $930,000 CV 108 Floor size 3 Bedrooms 110/17 Link Crescent, Stanmore Bay $585,000 Sale price Land Size Unit Title $540,000 CV 62 Floor size 2 Bedrooms 118/17 Link Crescent, Stanmore Bay $558,500 Sale price Land Size Unit Title $540,000 CV 62 Floor size 2 Bedrooms 211/17 Link Crescent, Stanmore Bay $605,000 Sale price Land Size Unit Title $560,000 CV 62 Floor size 2 Bedrooms 223/17 Link Crescent, Stanmore Bay $605,000 Sale price Land Size Unit Title $560,000 CV 62 Floor size 2 Bedrooms 45A Melandra Road, Stanmore Bay $1,265,000 Sale price Land Size Crosslease $1,350,000 CV 248 Floor size 4 Bedrooms 1 Orca Drive, Stanmore Bay $799,000 Sale price Land Size 184 $920,000 CV 96 Floor size 2 Bedrooms
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.
JUNE 2023
Rishworth
$935,000 Sale price Land Size 350 $870,000 CV 167 Floor size 4 Bedrooms 10 Springtime Crescent, Stanmore Bay $899,000 Sale price Land Size 985 $910,000 CV 141 Floor size 3 Bedrooms 84 Vipond
Stanmore Bay $1,145,000 Sale price Land Size 809 $1,300,000 CV 101 Floor size 2 Bedrooms 81 Wade River Road, Stanmore
$980,000 Sale price Land Size 809 $1,050,000 CV 122 Floor size 4 Bedrooms 316 Whangaparaoa Road, Stanmore Bay $840,000 Sale price Land Size 451 $865,000 CV 120 Floor size 3 Bedrooms 624 Whangaparaoa
Stanmore
$785,000 Sale price Land Size 979 $900,000 CV 100 Floor size 3 Bedrooms 51 Tindalls Bay
Tindalls
$1,535,000 Sale price Land Size 812 $1,400,000 CV n/a Floor size n/a Bedrooms 1100A Whangaparaoa
Tindalls Beach $1,625,000 Sale price Land Size Crosslease $1,425,000 CV 280 Floor size 5 Bedrooms
31B
Avenue, Stanmore Bay
Road,
Bay
Road,
Bay
Road,
Beach
Road,
PROPERTY MANAGEMENT
Quick Facts JUNE 2023
AUCKLAND AVERAGE
3.23%
AVERAGE WEEKLY RENT AUCKLAND REGIONS
PROPERTY INSIDER
The Property Management Insider is an essential monthly e-newsletter for any investor or landlord. It provides an in-depth look into the Auckland housing market, examines rental data and trends, and provides helpful tips and resources. Sign up here
TOTAL 1 2 3 4 5+ CENTRAL AUCKLAND $429 $615 $936 $776 $1,025 CENTRAL AUCKLAND EAST $424 $554 $695 $876 $1,122 CENTRAL AUCKLAND WEST $490 $589 $779 $894 $1,223 EASTERN SUBURBS $436 $585 $738 $940 $1,197 FRANKLIN/MANUKAU RURAL $377 $448 $548 $642 $724 NORTH SHORE $455 $549 $676 $816 $994 PAKURANGA/HOWICK $426 $536 $648 $778 $928 RODNEY $402 $528 $626 $765 $881 SOUTH AUCKLAND $370 $478 $596 $706 $819 WEST AUCKLAND $406 $515 $601 $719 $868 $648 p/w Average Rent 3 Bedroom p/w $1,041,749 Average Sale Price 3 Bedroom
Gross Yield Auckland Average RENT RECEIVED NUMBER OF RENTALS 1 $426 1,732 2 $543 4,859 3 $647 6,807 4 $781 3,534 5+ $951 1,071
Meet the team Property Management team
I’m a born and bred Kiwi having lived my entire life right here in the City of Sails.
In 2014, I launched my real estate career at Barfoot & Thompson Whangaparaoa. After five very successful years, four of which I was #1, I was appointed Branch Manager of Meadowlands which took me to East Auckland. Now, in 2023 I’m returning to where it all began - to manage the Whangaparaoa branch on the stunning Hibiscus Coast.
I am fortunate to have an outstanding team of experienced and energetic salespeople dealing in both residential and rural property. To complement that, we have a dedicated team specialising in property management, who pride themselves on being the best in the business. Added to this is our wonderful frontline staff, who are always ready to help and always greet you with a smile. Collectively, we believe in the importance of professionalism, honesty and trust. You, our customers, are what is important to us, no matter the situation.
As part of the Barfoot & Thompson network we have immediate access to over 75 branches and more than 1,800 salespeople covering the greater Auckland and Northland area, as well as the Barfoot & Thompson website barfoot.co.nz, that provides exposure to property listings 24/7. We are known for being one of the most technologically sophisticated real estate agencies, with advanced computer systems managing listings and providing the latest information on market trends, sales data and compliance.
If you’re thinking of selling, feel free to phone or call in and see us. Our enthusiastic staff will be happy to guide you through the process looking at costeffective marketing solutions to sell your property for the best price. As a buyer we will listen to your requirements and then help you find the property that suits your needs.
We look forward to helping you take that next step, on the property ladder.
Gareth Morgan Property Manager 021 505 349 Carmel Kavermann Property Management Administrator Laura Lovegrove Property Manager 027 393 6099 Belinda Rutten Head of Property Management 021 185 1523 Liz Lawson Property Manager 027 562 3085
Ben Teagle Branch Manager 021 248 8829
Residential Sales team
Steve Lawrence 021 563 476 Megan Cox 021 964 620 Nadia Bone 021 247 4214 Lucy Burrows 027 432 8400 Chris Bone 021 481 660 Danielle Bedford 021 263 8221 Lucille de Abreu 021 1999 124 Sue Kollerie 021 211 8065 Anne Thatcher 027 504 3041 Olga Grinkevich 021 230 4375 Glenn Taylor 021 750 266 Janene Hopkins 022 088 2522 Angela Howie 021 998 542 Anna Langdon 027 659 6753 Debbie Donovan 021 610 697 Caroline Lawrence 021 039 5329 Drue Matich 021 024 90448 Nik Sams 027 353 5461 Franci Raven 021 384 444 Malcolm Parker 021 622 220 Jeremy Thatcher 027 504 3040 Maree Taylor 021 755 600
Barfoot & Thompson Whangaparaoa Shop 2 719 Whangaparaoa Road, Whangaparaoa 0930 Residential Sales 09 424 9199 Property Management 09 424 8944 Email whangaparaoa@barfoot.co.nz barfoot.co.nz/whangaparaoa Whangaparaoa AKTSM43