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Welcome to our SOLD Millwater Market Report magazine
for November/December 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.
Tony Carter and the Millwater team
Latest News
Long-awaited lift for Auckland housing market arrives
The anticipated resurgence in Auckland’s property market occurred in November with prices and sales numbers increasing.
“The long-awaited return of strong trading finally arrived in November,” said Peter Thompson, Barfoot & Thompson’s Managing Director.
“Sales for the month at 1,002 were up 6 percent on our average monthly sales for the previous three months, and it was the first time in eight months that our sales have exceeded 1,000.
“Prices were also up, with the median price at $1,011,000 pushing above the $1 million mark for the first time in five months. The median price was 6.8 percent above the average price for the previous three months.
“The average price at $1,132,795 was 2.4 percent above that for the previous three months.
“This lift in sales and prices will add to the growing confidence homeowners and buyers have
that the worst is over for the housing market, and that stability is returning.
“The continued outlook for falling mortgage interest rates, a declining rate of inflation and expectations that the economy is edging towards recovery are all contributing to the resurgence in housing activity.
“Market choice for buyers remains at a decade-high level.
“We listed an additional 1,782 properties in November, lifting our month-end stock levels to 5,711. This is 8.3 percent higher than where the average has been for the past three months and 18 percent higher than at this time last year.
“While November’s strong trading has set the market up for an active summer’s trading, high stock levels will likely contribute to price increases being restrained.
“Buyers were active across all price segments in November, with 19.6 percent of sales being for less than $750,000 and 6.2
percent of sales being for more than $2 million.
“While buyer interest increased markedly in the Rural and Lifestyle markets to the north, south and west of Auckland in November the longer sales process common in these markets creates a longer time lag in sales completion than urban sales. Sales activity in November at $43.1 million was in line with where sales were at this time last year.”
Peter Thompson Managing Director
November 2024
TOTAL SALES Nov. 2024 68 + 3 Rural/Lifestyle Sales, Total 71 Nov. 2023 50 + 2 Rural/Lifestyle Sales, Total 52 36.0%* * Total monthly sales up/down compared to the same period last year.
Share and Figures
Millwater & Silverdale
Red Beach
Wainui & Waitoki
Overall Market Share
Over the last 12 months, Barfoot & Thompson sold more property in our area than any competitor.
For the period from 1st December 2023 to 30th November 2024, we sold 47% of all properties for sale in the area* including Millwater/Silverdale, Red Beach, Wainui (inc. Milldale) & Waitoki.
on
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.
Red Beach Silverdale & Millwater Torbay & Waiake Wainui & Waitoki Orewa
*inc Milldale *inc Millwater/Orewa
Red Beach Silverdale + Millwater Torbay + Waiake
Wainui + Waitoki Orewa
GETTING YOUR HOUSE READY TO SELL IN SUMMER
Summer is a hot time of the year to sell and recent promising median price gains are compelling people to reconsider waiting to put their home on the market.
Additionally, properties available for sale have increased and sales activity is recovering. So in short, there are currently many opportunities for vendors willing to make a move now. Here are five things that you can do to ensure your property is presented at its best.
1. Get an appraisal
Our salespeople are expertly skilled at assessing value and they integrate their knowledge of the neighbourhood and the current market. Appraisals are pressure-free and come with zero obligation.
2. Think about first impressions
Before a buyer enters your home, they’ve already formed an opinion based on what they’ve seen from the road. Freshly cut lawns, a well cared for garden or hedge, clean paintwork on the house exterior and water blasted concrete and fences make a huge difference and will make the buyer want to step inside.
3. Declutter and clean
Remove clutter from all your spaces so that potential buyers can visualise themselves in the house. This includes removing very personalised art and family photos.
4. Repairs and renovations
Get to those repairs that you have been putting off. Embrace your inner DIY-er and tackle things like plaster cracks, leaks, rusty squeaky hinges, cracked glass and other things that people will notice.
5. Stage the house for buyers
While it is not a must-do to put your home on the market, it is at least worth a little research and a couple of calls to see what home staging would run you.
Our salespeople have all the experience you need and are happy to provide you with more advice and information. Feel free to drop in at a branch, call, or contact us online.
To find out more, contact one of our local salespeople
Recent
Sales
The following pages show a summary of sales in Millwater, Silverdale, Red Beach, Totara Views, Wainui & Waitoki made by all selling agencies during November 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. Scan me to view our recent sales
Millwater, Milldale & Silverdale
18 Archibald Drive
$1,290,000
61 Argent Lane
$1,105,000
12 Bankside Road
$1,305,000
14 Bankside Road
$1,305,000
20 Bine Crescent
$1,500,000
122 Colonial Drive
$1,440,000
143 Colonial Drive
$1,540,000
9 Edward Abell Street
$1,200,000
33 Galbraith Greens
$1,550,000
14 Godfrey Drive
$1,625,000
142 Godfrey Drive
$1,299,000
9 Grapnel Street
$1,080,000
81 Harris Drive
$1,750,000
2 Haupa Nui Street
14 Hayley Court
$1,850,000
23D Henry Tayler Rise
$935,000
25C Henry Tayler Rise
17 Hicks Road
35 Johns Creek Crescent
$1,508,888
40 Kapehu Road
$1,150,000
9
Kendall Road
$1,210,000
20 Kotiti Drive
$1,104,000
25 Kotiti Drive
71 Manuel Road
$1,950,000
74 Manuel Road
$2,008,000
18 Matahae Crescent
33 Matahae Crescent
$1,055,000
24 Milldale Drive
22 Old Mill Road
48 Pampas Drive
$1,300,000
15 Papakiri Road
$1,235,000
29 Parkland Loop
7 Pohewa Road
3 Purua Street
22 Puruatanga Road
59 Ridgedale Road
3 Rosetta Lane
18 Sawyers Lane
17 Sidwell Road
39 Sidwell Road
49 Sidwell Road
9 Smithson Street
7 Spars Road
31 Spars Road
33 Spars Road
43 Spars Road
$970,000
44 Spars Road
$1,250,000
47 Spars Road
$1,046,000
55 Spars Road
$1,089,000
163 Te Taruna Drive
167 Te Taruna Drive
$1,060,000
30 Timberland Drive
$1,650,000
47 Tipu Crescent
8 Toia Lane
1 Tukutata Crescent
10 Walsh Road
9 Whares Court
Red Beach & Totara Views
4 Amorino Drive
47A Bay Street
12 Chelverton Terrace
191 Hibiscus Coast Highway
47B Jelas Road
17 Kukuwai Avenue
$1,210,000
3 Lucy Foster Lane
$1,075,000
121A Rosario Crescent
$770,000
12 Seagate Place
$1,225,000
$1,275,000
$890,000
$1,225,000
1 Whangaparaoa Road
$1,692,000
112 Whangaparaoa Road
$915,000
$1,175,000
Selling Agency Ray White
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.
Wainui & Waitoki
Rural/Lifestyle Sales
30 Capstone Grove
$3,080,000 Sale price Land Size 2.89 ha 4 Bedrooms
38 Joblin Road
$2,100,000 Sale price Land Size 2 ha 4 Bedrooms
$2,825,000 CV 428 Floor size
Selling Agency
$1,800,000 CV 210 Floor size
603 Kahikatea Flat Road
$2,500,000 Sale price Land Size 6.24 ha 5 Bedrooms
Selling Agency Precision RE
$2,300,000 CV 290 Floor size
Selling Agency Sotheby’s
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.
Meet the Team
I have worked and resided in the East Coast Bays and Red Beach for my entire real estate career. I was initially selling residential and rural property throughout the North Shore and lower Rodney District until I was appointed manager of Barfoot & Thompson’s Torbay branch in 2008. Now I am thrilled to head the Millwater branch in this amazing growth area.
My father was an old school master builder from whom I learned building techniques and the entire building process from a very early age. I also spent many years in horticulture with lots of farming friends both in the Bay of Plenty and Kumeu. Prior to joining Barfoot & Thompson, I held senior management roles mostly with Fletcher Building, manufacturing building products in the composite wood panels, aluminium and steel
products divisions, and I also did a stint in the food-processing industry in Hawkes Bay. Experience and knowledge gained from my upbringing, rural business and professional roles, is a valuable resource I draw on when training and advising my sales and property management teams and their clients, as well as managing the real estate business.
Our sales and property management teams are high-performing, well-trained and hard-working professionals with vast skills and experience. The team is a cultural mixture that hails from New Zealand, Asia, Europe, Central and South America and also South Africa. Most live locally and they are experts in the local market. Our well-established, well-qualified and growing team, lead by property manager Tony Gibbs, is very highly regarded by their landlords and tenants. Based centrally in the Millwater hub, the branch is ideally situated to manage the sale and purchase, rental and management of residential, rural and lifestyle property throughout the Hibiscus Coast and Rodney District.
As a branch, we are committed to our local community. As well as the many charities that we support, we regularly assist and sponsor local schools, community groups and events in neighbourhood.
Not being franchised, our branch is supported by Barfoot & Thompson’s sophisticated computerised listing system that enables all of our salespeople across more than 77 branches, from Waiuku in the
Property Management team
south to Kerikeri in the North, to view and have access to any of our listings as soon as they are released. There are no geographical barriers in our company so any of our salespeople, in any branch, can list and sell anywhere. The property management team uses a top of the range, fully integrated financial management system across their entire portfolio of properties.
Our systems and people are two of the key reasons Barfoot & Thompson sells more than one in every three Auckland properties and half the properties locally in the Millwater area.
Our clients also benefit from the fact that all listings are fully exposed on several major international property websites.
As well as the web, we can provide a customised marketing solution to suit any clients’ needs. It is not unusual for the first enquiries on a new listing to come from overseas.
Barfoot & Thompson continually wins many national and international awards; it’s great to be recognised for the high standards by which we operate. We understand property, the market, trends and its influences, as do many property owners and landlords throughout our area.
Whether you or anyone you know has any real estate need, be it selling, buying, renting, property management or just some advice, then without obligation please call me or one of our team and watch us roll into action.
Residential / Rural Sales team
Bruce England 021 975 260
Tina Hao 0276 885 886
Coralie Lush 027 360 2345
Crystal Wang 021 183 7590
Milu Zhao 021 297 6030
Phil Fan 021 520 606
Umar Khayam 027 500 4922
Lavashnee Naicker 021 2433 155
Leo Xing 021 183 6836
Flora Feng 021 286 6625
Frank Li 021 036 8990
Susana Perez 021 182 6329
Sindy Xiong 021 152 1117
Jasmine Gao 021 0272 4576
Yuke Li 021 331 024
Bob Qin 027 204 0022
Hugo Yu 021 024 68345
Mark Garratt 021 466 396
Amy Liao 021 073 6766
Steven Su 022 573 2219
Sabrina Zhang 022 567 8985
177 Millwater Parkway, Millwater, Auckland 0932
Residential Sales 09 426 6773
Property Management 09 426 6774
Email millwater@barfoot.co.nz
barfoot.co.nz/millwater