Barfoot & Thompson | Kerikeri

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PROPERTY MANAGEMENT

Welcome to our SOLD Kerikeri Market Report magazine for August 2023

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

New Zealanders 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.

Hayden Clarke and the Kerikeri team

once again showed a consistency in line with traditional seasonal expectations during July with sales numbers up on previous months, but prices falling back a little.

“There are many positives to take from July’s data,” says Peter Thompson, Managing Director of Barfoot & Thompson. “For the third month in a row, sales have hit over 700 and prices have remained stable, indicating the market has found a natural plateau and we can expect an uplift in activity as we approach spring.

“Both vendors and buyers should have renewed confidence in current market conditions. A steady increase in sales numbers across all price points and a consistent flow of listings have buoyed the market, and it’s unlikely we will see any large movements in prices as we move out of winter and into the election period.

“We sold 727 homes during the month, which is up just over 2 percent on the previous month, and 19 percent higher than July 2022. It was in fact, our second busiest month for residential sales this year, beaten only by March when we sold 765 homes during the month.

retreated a little, to $1,067,070, which was down 2.8 percent on the previous month. Average sales prices have remained relatively static over the last three months, and July’s average was just 1.7 percent lower than the previous three-month average. The median price for the month at $950,000 was down 4.5 percent when compared to June.

“When looking at current prices, it’s important to remember that on average in New Zealand we live in our homes for around seven years before we consider our next move. This means many of those considering listing in the coming weeks and months will have bought their property in 2016, and in the intervening years it’s likely the value of their property will have increased by around 23 percent.

“At 1,213, there was a steady, if slightly reduced flow of new listings coming onto the market during July. This number was down around 4 percent on last month, but more than 3 percent higher than the same month last year.

“At month’s end, we had 4,076 available listings on our books, which is our lowest number of

2022. But, our teams across the city are reporting a significant increase in enquiries from potential vendors as we look towards spring.

“During July, 217 of all homes sold were under $750,000, and at the other end of the scale, 10 properties sold for in excess of $3 million.

“Across the rural and lifestyle market we sold 20 properties during the month. July was a difficult trading month for this sector for many reasons including banking decisions on lending. This sector is also showing the green shoots of spring, however, with lots of activity from potential vendors and enquiries converting to listings.”

Peter Thompson Managing Director

Over

the last 12 months Barfoot & Thompson sold more property in the local area than any competitor.

Total sales July 2023: 26

Total sales July 2022: 30

Total monthly sales are down 13% compared to the same period last year.

Kaeo, Kerikeri, Okaihau, Oromahoe, Te Tii, Te Whau, Waimate North, Waipapa, Waitangi

Kerikeri & Surrounds (Kaeo to Waimate North to Haruru to Okaihau)

197C Sandys Road

PEACEFUL LIVING WITH COUNTRY FEEL

Welcome to your dream country retreat close to the stunning Lake Manuwai!

This magnificent 7676m² property offers the perfect blend of modern luxury and serene surroundings. This house is empty and available right now!

Step inside and be captivated by the sensible design and quality fixtures that adorn this beautiful home.

With a modern kitchen, a huge lounge, four spacious bedrooms, and two sparkling bathrooms, there’s plenty of room for the whole family to spread out and relax.

The property boasts a large 2-bay shed with a fabulous man cave attached. Creating your own space to tinker, create, or simply unwind with a beer or wine after a long day. The possibilities are endless!

The property is a perfect size for those looking for a bit of space but not too much to look after. Fully fenced with the house and garden separate. The pride and joy of the garden being the Luisa Plum tree producing plums the size of apples.

Grazing options are available too.

2 Skippers Lane Waipapa

TENANTED BY THE PIONEER BAR & RESTAURANT

Do not miss this extraordinary opportunity to own a prime piece of commercial real estate on the corner of State Highway 10 and Maritime Lane.

This high visibility property is situated in a prime location, with excellent road frontage, in the fast-growing commercial precinct in Waipapa.

The property is tenanted by the established Pioneer Bar & Restaurant, who have been operating there since 2004.

The 1,872m² (approx.) property comprises of a highly visible building measuring approx. 389m², a carpark area at the rear, and 1/5 share of the laneway going through the industrial hub, allowing access from Skippers Lane and Maritime Lane.

With the property’s unmatched visibility, superior location, and established tenant, this property is a testament to success. Take action now and secure this excellent investment opportunity for your portfolio!

• Land area: 1,351m² plus 1/5 share of 2,605m² (approx.)

• Excellent location with road frontage on State Highway 10

• High visibility 389m² (approx.) building with corner profile at the roundabout

• Established tenant - The Pioneer Bar & Restaurant

• Large yard / car park area at the rear

• Surrounded by quality businesses

Property details

2 Skippers Lane

FOR SALE

by Deadline Private Treaty + GST (if any) Closes 6 September 2023 at 4pm

(unless sold prior)

33 Kerikeri Road, Kerikeri – B & T Branch

Regan Polglaze

Regan Polglaze

r.polglaze@barfoot.co.nz

EVERYTHING YOU NEED - PLUS A SHED!

Step inside this stunning 3-bedroom home, and you’ll see why it stands out from the rest. With its contemporary style and bold features, this home is a masterpiece of design.

Light, bright, and airy, the open-plan living, kitchen, and dining area features high ceilings, hardwood floors, and a striking feature block wall that demands attention.

Stepping through the sliding doors, you’ll find a private entertaining deck overlooking the peaceful back garden. Enjoy your evenings outside with an archgola providing shelter, while a Balinese-style patio invites you to relax and unwind in style. Inside the kitchen, you’ll find a polished concrete benchtop adding an industrial flavour that’s replicated in the guest bathroom and ensuite.

The Master bedroom is a sanctuary of relaxation, boasting a walk-in robe, ensuite, and access to a front courtyard that’s perfect for enjoying your morning coffee. In the opposite wing of the home, you’ll find two guest bedrooms, an office or single room, and a central bathroom. A smaller second lounge is perfect as a hobbyist space or play area for families.

A double garage with internal access completes the home, while a second 6mx8m shed with a 3.2m high rollerdoor and a large carport ensures your vehicles and belongings are secure. Conveniently located near Kerikeri CBD, this property is just a short walk away from the Old Packhouse Market and Makana cafe, perfect for enjoying local delicacies. This property is within school zones and is serviced by a water tank and standard septic tank, ensuring that you have everything you need in one beautiful package.

Don’t miss your chance to own this stunning property - call now to arrange a viewing and see for yourself what makes this home so unique and special!

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. Stokes

Find 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 Kerikeri and Surounds made by all selling agencies during July 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.

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.

Market Watch

Discover the best new property listings in your local area.

Press the play button where video is available or view more details on barfoot.co.nz by following the ‘view listing’ link.

Kerikeri & Surrounds

These days, selling a property is all about views.

Buyers now spend more time than ever online, so it’s smart to market your property there too. Fortunately, our salespeople are well-versed when it comes to all things digital. Want a 3D walkthrough to fully showcase your home’s features? We can do that. Or to advertise your place with a video on Facebook or YouTube? Not a problem. And we have a wide network of property websites to list your property on, ensuring your place is seen by as many potential buyers as possible. To find out how else we can help, check out our website.

barfoot.co.nz

Kerikeri & Surrounds

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

Kerikeri & Surrounds

PROPERTY MANAGEMENT

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 Director of Property Management

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.

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.

Meet the team

Previously ranked as one of the top five commercial salespeople for a nationwide real estate company, Hayden has proven himself to be one of the industry’s top performers.

Starting out as the Office Sales Manager at Barfoot & Thompson Kerikeri, he has now moved to the role of Branch Manager.

Prior to real estate, Hayden was trained as a Marine Engineer Officer in the Royal New Zealand Navy before completing a Bachelor of Engineering (Mechanical) at the University of Auckland. This followed by 13 years of experience in the field.

The culmination of commercial real estate sales and engineering experience have fostered an exceptional work ethic and strong analytical skills. He’s conscious of putting clients at ease, and knows that facts and figures help you make an informed decision about the offer you are being presented.

Outside of real estate, Hayden is a committed father and husband. He’s the member of several sports clubs including football, tennis and paddle boarding. He has also been a Rotary and BNI member and is closely involved in his children’s hobbies including coaching their soccer team. It’s the diversity of outdoor activities and beaches on offer in the Bay of Islands area that make this a special place for Hayden to call home.

With Barfoot & Thompson’s strong family culture, centrally controlled systems and excellent support for their staff, Hayden and the Kerikeri team are able to offer you the best of the best. Give them a call today and see how they can help you.

Customer Service

Residential / Rural Sales team