Barfoot & Thompson - Property Management Greenlane by barfootsuburbsales

March 2023

barfoot.co.nz

GREENLANE PROPERTY MANAGEMENT

/greenlane

Greenlane Property Management Team

Andy Lawrence Head of Property Management 027 595 4166

Carly Brinsden Property Management New Business Andy Cheng Property Manager 09 523 1189

Andrea Matthews Property Management Assistant Justin Coleman Property Manager 021 908 472 Kai Liu Property Manager 027 552 2352 Patrick Walsh Property Manager 021 915 693

Welcome to the March edition of our RENT – Property Management magazine from the Greenlane branch team. Inside you will find the latest property management market data for the areas across Auckland, along with tips and information about our Property Management services.

From the minute you meet me, you will feel my enthusiasm for property and people. I will not waiver until I achieve the result my clients deserve!

I do my very best to achieve whatever my clients want for their property, making sure that everyone has loads of fun along the way!

Life experience from building to farming means I can relate to many people about many things, quickly building a rapport. My know-how as a carpenter and joiner gives me credibility when explaining house construction and property to clients. They have confidence that I can manage their investment.

As in real estate, I set the bar high in my personal life too. Last year, my partner Lisa and I made the momentous decision to complete one or two half marathons a year. Apart from the many health benefits of training and completing the distance, we have joined an elite group of runners who can call themselves half-marathon finishers. I love heading out into our beautiful Hauraki gulf to enjoy fishing and take in everything our amazing city has to offer.

Over the years I’ve found that people easily trust me. If you are looking for efficient and friendly service then give me a call at Barfoot & Thompson Greenlane. You will find me and the team ready to take care of all your property management needs. Andy

Greenlane branch 255A Great South Road Greenlane, Auckland 1051 Property Mgt 09 523 1185 E greenlane.rental@barfoot.co.nz barfoot.co.nz/greenlane

Lawrence and the Greenlane Property Management Team Kiri Barfoot Director

QUARTERLY RENTAL REPORT

Auckland’s Quarterly Rental Update & Year in Review

• Market finishes year with measured pace

• Wider areas of region drive increase in average while Central City catches up

• Busy start to New Year could signal pressure on availability and price

The Auckland rental market continued at a measured pace through the final three months of 2022, finishing the year with an average weekly rent of $629.53.

This is an increase of 0.55 percent or $3.45 on the previous quarter, and 3.29 percent or $20.04 on December 2021.

“Overall, Auckland’s average weekly rent has moved at a very consistent rate throughout 2022,” says Barfoot & Thompson Director Kiri Barfoot, “rising less than 1.00 percent each quarter, and in a tight band of between 3.19 and 3.35 percent year-on-year.”

Viewed alongside previous years’ data, Ms Barfoot says the pricing trend demonstrates how the market has gradually regained its pre-pandemic ground, without overshooting the mark.

“After being at a standstill in early 2020, the average weekly rent has made incremental steps over the past couple of years to settle into a pattern of steady but measured growth,” she explains.

“This is despite rapidly increasing operational costs, rising interest rates and peak inflation, indicating many property owners are balancing these pressures against considerations around tenant affordability and their desire to maintain longer-term tenancies.”

Looking across Auckland, while weekly rents in most areas of the city have

grown at a rate well under the average, a few areas in the wider areas of the region have been driving the average up.

For example, the Pakuranga/Howick area recorded a 4.46 percent rise, South Auckland a 4.91 percent rise, and Franklin/Rural Manukau a 7.59 percent rise.

“We are accustomed to this sort of pricing cycle when traditionally lowerpriced areas become more in demand, and this is likely the case in Franklin particularly, where the average weekly rent for a typical 3-bedroom home is the lowest in the region.”

At the same time, the area with the least increase in average rent – the Central City apartment market, which was up just 0.96 percent year-on-year in December, is also in “catch-up mode”. “It’s taken some time, but pre-pandemic pricing has now all but returned to the Central City as, with the return of students and tourists, demand has increased and supply remains relatively low.”

Ms Barfoot encourages those looking to move into a new rental to start their search early this year.

“We’re expecting to see more demand and less availability than the market has become used to recently, especially in and around the Central City, so renters should allow plenty of time to find and secure the right property for them.”

Market facts and figures

Auckland Average

2.99% Gross Yield

Central Auckland East Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Epsom $2,145,630 $781 1.89% Greenlane $1,417,000 $713 2.62% Hillsborough $1,155,400 $666 3.00% Mount Eden $1,796,364 $753 2.18% Mount Roskill $1,136,447 $622 2.84% New Windsor $1,101,600 $604 2.85% Onehunga $979,100 $660 3.51% Royal Oak $1,252,222 $731 3.04% Sandringham $1,270,000 $673 2.76% Three Kings $1,188,714 $740 3.24% Central Auckland Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield City Centre $1,843,500 $1,027 2.90% Eastern Suburbs Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Ellerslie $1,335,375 $679 2.65% Glen Innes $1,095,286 $662 3.14% Glendowie $1,807,018 $764 2.20% Kohimarama $2,303,750 $940 2.12% Mission Bay $1,645,000 $825 2.61% Mount Wellington $1,007,346 $631 3.26% Panmure $1,170,700 $626 2.78% Parnell $1,518,333 $841 2.88% Point England $982,500 $648 3.43% Remuera $1,898,308 $807 2.21% February 2023

February 2023 Average Rent 3 Bedroom p/wk. $640 p/w Average Sale Price 3 Bedroom $1,111,496

Source: Barfoot & Thompson analysis of its tenancies for the period noted and its sales over the last six months for three bedroom properties. Gross yield calculated using average sales price and average rental per week for three bedroom properties. Suburbs with less than four tenancies or four sales for three bedroom properties with Barfoot & Thompson are not included. Central Auckland West Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Grey Lynn $1,707,500 $833 2.54% Herne Bay $2,111,667 $1,041 2.56% Mount Albert $1,560,000 $645 2.15% Point Chevalier $1,449,000 $779 2.80%

Auckland Region Averages

February 2023

Franklin/Manukau Rural

Rodney

North Shore

Pakuranga/Howick

Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Pukekohe $893,179 $538 3.13% Tuakau $1,251,733 $512 2.13% Waiuku $812,250 $524 3.36%

Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Albany $1,139,119 $664 3.03% Bayview $916,250 $621 3.53% Beach Haven $1,092,750 $600 2.85% Birkdale $881,938 $602 3.55% Birkenhead $1,279,375 $659 2.68% Browns Bay $1,228,067 $652 2.76% Devonport $1,690,775 $806 2.48% Forrest Hill $1,368,111 $670 2.54% Glenfield $1,091,029 $616 2.94% Hillcrest $1,042,958 $665 3.32% Mairangi Bay $1,413,333 $708 2.60% Milford $1,240,000 $696 2.92% Northcote $948,200 $642 3.52% Sunnynook $1,147,750 $633 2.87% Takapuna $1,896,667 $764 2.09% Torbay $1,088,933 $652 3.12% Unsworth Heights $1,070,667 $637 3.09% West Auckland Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Avondale $975,015 $625 3.33% Blockhouse Bay $1,092,652 $618 2.94% Glen Eden $854,650 $566 3.44% Glendene $938,750 $581 3.22% Green Bay $1,030,500 $610 3.08% Henderson $899,186 $569 3.29% Hobsonville $1,164,765 $690 3.08% Kelston $895,000 $584 3.39% Massey $904,883 $577 3.32% New Lynn $925,715 $580 3.26% Ranui $822,375 $556 3.51% Sunnyvale $876,610 $568 3.37% Te Atatu Peninsula $1,106,200 $614 2.89% Te Atatu South $934,969 $595 3.31% Titirangi $964,800 $608 3.28% West Harbour $1,184,077 $603 2.65% Whenuapai $1,328,750 $660 2.58%

Auckland Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Clendon Park $774,000 $564 3.79% Clover Park $868,600 $573 3.43% Conifer Grove $960,000 $587 3.18% Favona $859,546 $576 3.49% Mangere $862,556 $574 3.46% Mangere Bridge $1,306,667 $618 2.46% Mangere East $873,196 $599 3.56% Manurewa $800,481 $581 3.78% Otahuhu $949,946 $581 3.18% Otara $726,220 $540 3.87% Papakura $821,776 $578 3.66% Papatoetoe $874,837 $601 3.57% Randwick Park $873,000 $563 3.36% Takanini $897,737 $598 3.46% Wattle Downs $956,500 $620 3.37% Weymouth $870,000 $597 3.57%

South

Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Gulf Harbour $1,071,667 $635 3.08% Helensville $1,017,000 $589 3.01% Manly $1,850,333 $640 1.80% Orewa $1,374,571 $637 2.41% Red Beach $1,145,800 $635 2.88% Silverdale $1,103,000 $640 3.02% Stanmore Bay $884,000 $591 3.48%

Suburb Average sale price (3 bdrm) Average rent per week (3 bdrm) Gross yield Beachlands $1,512,800 $744 2.56% Botany Downs $1,022,249 $648 3.30% Bucklands Beach $1,267,168 $653 2.68% Dannemora $1,425,000 $694 2.53% Flat Bush $990,000 $643 3.38% Half Moon Bay $1,364,563 $638 2.43% Highland Park $1,136,286 $601 2.75% Howick $1,031,923 $628 3.16% Northpark $1,236,500 $668 2.81% Pakuranga $1,085,500 $600 2.88%

PREPARING YOUR PROPERTY FOR AUTUMN

TOP TIPS

The nights are starting to get cooler and the sun is setting earlier.

Landlords may want to prepare their properties and maybe give their rentals a thorough once-over. Here is a quick guide to getting ready for all that autumn will bring our way.

Air conditioning care

Your air conditioning unit has probably been working overtime recently and deserves a break. Before you turn it off for the winter, give it a good clean. If your unit is outdoors call in an expert to clean the coils and give it a good service. If you have been using a heat pump then give the vents a good clean and wipe down surfaces. Clear away any plants, debris, or branches that may be blocking vents.

Get going on those gutters

Clogged gutters can channel water down the side of your home where it eventually damages the foundation and also causes other problems. Get out your ladder and clean out debris by hand. If your property is one-story, you can get an attachment for your leaf blower that will tidy them in a flash. If this all seems like too much work, call a professional.

Get fired up

Clogged chimneys can be hazardous so either clean it yourself or call in a professional before winter arrives. Also, inspect the flue and doors for any damage. Order firewood now for the best prices and selection.

Prepping your yard

A dry or wet summer can leave lawns stressed. It is really important to fertilize your lawn soon so it will grow back lush and green in the spring. Plants or lawn may have dead branches, leaves, and flowers that need to be picked or trimmed. Tidy up leaves that have fallen so that water may reach the roots of trees and bushes. Leaves make great compost. Collect them in a wire-netting tube. They’ll break down in time for composting prior to spring planting. Fruit trees will require soil treatments to ready them for colder weather so they thrive through the winter. Pull out any plants that have died over the summer. Don’t forget to plant bulbs for spring!

What about windows and doors?

Windows and doors are major sources of heat loss but you can avert this by adding weatherstripping. Retailers such as Bunnings and Mitre 10 sell window insulator kits that are serious game-changers for warmth and energy efficiency.

It just takes a few days of preparation to prevent major inefficiencies and emergencies so take the time to fortify your property during autumn.

For properties managed by Barfoot & Thompson, our property managers work with landlords to arrange seasonal maintenance as required. For advice and more information contact one of our property managers.

Keep your finger on the pulse and your eyes on the prize

Read our market updates to keep your finger on exactly what is happening in the market, and work with a salesperson who knows your area well, who’ll be able to inform you of any properties coming into the market that meet your criteria, as well as offer support and professional advice.

“Property is a long game. Don’t get swayed by the daily headlines and think long-term,” says Kiri.

Last but not least, stay positive! “Don’t give up, you’ll get there eventually,” says Kiri. “You can have it all - you just can’t have it all at once.” The financial stability and freedom you create for yourself will far outweigh any sacrifices you make now.

AUCKLAND SUBURBS MARKET DATA

The following pages show a summary of rental market data for suburbs across Auckland for the last six months, as sourced from the Ministry of Business, Innovation & Employment NZ - Tenancy Services for the period shown.

Please do not hesitate to contact any of our Property Management team if you would like more information, we would be delighted to help you with your Real Estate needs.

*The data shown on this page is sourced from the Ministry of Business, Innovation & Employment NZ - Tenancy Services for the period shown. Summary totals include averages for some types of property not shown. The market rent information comes from bond data. The results may not be a true indication of the rental market, as they only reflect properties where bonds have been lodged in the previous 6 months. More information is available at https://www.tenancy. govt.nz/rent-bond-and-bills/market-rent/market-rent-explained. Reproduction of market data is permitted under the terms of the Creative Commons Attribution 3.0 New Zealand License - https:// creativecommons.org/licenses/by/3.0/nz/. Every reasonable effort has been made to ensure the accuracy of the information in this report. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Market rent in Albany

6 Months ending 31/01/2023

The data shown on this page is sourced from the Ministry of Business, Innovation & Employment NZ - Tenancy Services for the period shown. Summary totals include averages for some types of property not shown. The market rent information comes from bond data. The results may not be a true indication of the rental market, as they only reflect properties where bonds have been lodged in the previous 6 months. More information is available at https://www.tenancy.govt.nz/rent-bond-and-bills/market-rent/market-rent-explained. Reproduction of market data is permitted under the terms of the Creative Commons Attribution 3.0 New Zealand License - https://creativecommons.org/licenses/by/3.0/nz/. Every

reasonable effort has been made to ensure the accuracy of the information in this report. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

BONDS

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 180 $473 $493 $548 2 3 198 $550 $570 $650 48 $740 $755 $780 48 $483 $560 $600 108 $510 $570 $598 219 $700 $745 $775 210 $800 $850 $885 42 $860 $990 $1,060 HOUSE APARTMENT/FLAT

Auckland Central 6 Months ending 31/01/2023 BONDS 14763 $350 LOWER $420 MEDIAN $535 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 5412 $350 $400 $475 2 3 4182 $420 $510 $600 414 $605 $750 $900 675 $335 $400 $450 789 $420 $500 $583 117 $576 $805 $1,100 N/A N/A N/A N/A N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in Avondale 6 Months ending 31/01/2023 BONDS 2367 $478 LOWER $585 MEDIAN $680 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 36 $383 $410 $453 2 3 75 $450 $500 $569 36 $524 $560 $613 42 $375 $405 $428 315 $490 $550 $600 849 $580 $643 $680 309 $735 $795 $815 72 $825 $880 $1,025 HOUSE APARTMENT/FLAT Market rent in Birkdale 6 Months ending 31/01/2023 BONDS 972 $540 LOWER $600 MEDIAN $650 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 132 $500 $530 $555 468 $583 $603 $650 90 $650 $655 $750 N/A N/A N/A N/A HOUSE

1650 $490 LOWER $580 MEDIAN $700 UPPER

Market rent in

APARTMENT/FLAT

Market rent in Birkenhead

6 Months ending 31/01/2023 BONDS 1065 $503 LOWER $585 MEDIAN $690 UPPER

Market rent in Browns Bay

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 48 $428 $450 $478 2 3 126 $540 $580 $610 N/A N/A N/A N/A N/A N/A N/A N/A 144 $520 $545 $580 294 $626 $675 $734 114 $796 $950 $1,000 30 $820 $830 $1,000 HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 1368 $550 LOWER $673 MEDIAN $750 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 30 $473 $480 $516 2 3 75 $503 $575 $665 N/A N/A N/A N/A N/A N/A N/A N/A 165 $500 $525 $595 375 $635 $680 $703 255 $735 $800 $843 72 $816 $860 $1,100 HOUSE APARTMENT/FLAT Market rent in Chatswood 6 Months ending 31/01/2023 BONDS 177 $525 LOWER $790 MEDIAN $850 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 51 $800 $808 $879 30 $845 $850 $893 HOUSE APARTMENT/FLAT

rent

Devonport 6 Months ending 31/01/2023 BONDS 717 $550 LOWER $750 MEDIAN $898 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 60 $538 $580 $694 N/A N/A N/A N/A 27 $465 $480 $506 93 $565 $700 $818 135 $765 $850 $1,075 87 $850 $975 $1,195 N/A N/A N/A N/A HOUSE

Market

APARTMENT/FLAT

Market rent in Eden Terrace

6 Months ending 31/01/2023

BONDS 1461 $400 LOWER $515 MEDIAN $620 UPPER

Market rent in

APARTMENT/FLAT

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 396 $400 $453 $500 2 3 411 $550 $595 $690 45 $648 $695 $780 60 $418 $460 $510 105 $548 $640 $690 36 $695 $735 $761 21 $976 $1,125 $1,150 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

Ellerslie 6 Months ending 31/01/2023 BONDS 1371 $520 LOWER $620 MEDIAN $700 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 90 $510 $540 $600 N/A N/A N/A N/A 21 $398 $423 $463 225 $518 $578 $620 408 $650 $690 $755 120 $805 $850 $890 33 $823 $905 $1,010 HOUSE APARTMENT/FLAT Market rent in Epsom 6 Months ending 31/01/2023 BONDS 2928 $530 LOWER $680 MEDIAN $900 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 114 $420 $470 $545 2 3 204 $555 $650 $725 54 $620 $695 $730 87 $376 $455 $523 297 $550 $585 $670 405 $713 $785 $894 336 $910 $1,020 $1,100 186 $1,073 $1,200 $1,450 HOUSE APARTMENT/FLAT Market rent in Freemans Bay 6 Months ending 31/01/2023 BONDS 813 $510 LOWER $690 MEDIAN $860 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 117 $440 $480 $610 2 3 204 $570 $650 $700 24 $925 $1,170 $1,190 N/A N/A N/A N/A 72 $690 $705 $785 111 $800 $895 $1,080 39 $1,100 $1,500 $1,600 N/A N/A N/A N/A HOUSE

Market rent in Glen Eden

6 Months ending 31/01/2023

2076 $490 LOWER $565 MEDIAN $650 UPPER

Market rent in Glen Innes

BONDS

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 84 $363 $380 $398 2 3 135 $420 $440 $455 N/A N/A N/A N/A 39 $385 $415 $430 309 $475 $530 $570 900 $550 $600 $650 213 $693 $750 $780 45 $650 $770 $780 HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 462 $628 LOWER $700 MEDIAN $780 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A 18 $476 $515 $520 48 $598 $620 $630 189 $645 $690 $750 78 $725 $800 $865 N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in Glendene 6 Months ending 31/01/2023 BONDS 720 $520 LOWER $585 MEDIAN $650 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 54 $463 $505 $553 N/A N/A N/A N/A N/A N/A N/A N/A 105 $460 $495 $530 312 $586 $608 $643 66 $650 $745 $750 33 $760 $920 $990 HOUSE APARTMENT/FLAT Market rent in Glendowie 6 Months ending 31/01/2023 BONDS 534 $636 LOWER $798 MEDIAN $950 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 36 $505 $523 $533 174 $730 $795 $850 99 $950 $958 $1,100 N/A N/A N/A N/A HOUSE

APARTMENT/FLAT

Market rent in Glenfield

6 Months ending 31/01/2023

2136 $520 LOWER $610 MEDIAN $684 UPPER

BONDS

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 78 $378 $423 $481 2 3 189 $400 $505 $565 N/A N/A N/A N/A 36 $363 $400 $405 306 $500 $530 $570 828 $603 $638 $680 264 $680 $750 $795 87 $800 $850 $885 HOUSE APARTMENT/FLAT

rent in Grafton 6 Months ending 31/01/2023 BONDS 1698 $280 LOWER $400 MEDIAN $560 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 432 $390 $440 $495 2 3 378 $425 $570 $650 78 $400 $540 $693 141 $280 $280 $320 108 $588 $600 $650 39 $400 $670 $760 N/A N/A N/A N/A N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in Greenhithe 6 Months ending 31/01/2023 BONDS 549 $529 LOWER $695 MEDIAN $905 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A 18 $410 $430 $430 90 $530 $560 $615 81 $631 $685 $750 135 $798 $838 $896 81 $943 $1,045 $1,135 HOUSE APARTMENT/FLAT Market rent in Henderson 6 Months ending 31/01/2023 BONDS 3423 $520 LOWER $580 MEDIAN $660 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 36 $395 $400 $420 2 3 45 $475 $480 $530 N/A N/A N/A N/A 63 $415 $470 $503 372 $490 $520 $550 1512 $560 $595 $650 501 $676 $735 $769 144 $760 $850 $935 HOUSE APARTMENT/FLAT

Market

Market rent in Herne Bay

6 Months ending 31/01/2023 BONDS 519 $515 LOWER $610 MEDIAN $864 UPPER

Market rent in Hillcrest

APARTMENT/FLAT

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 90 $450 $498 $583 2 3 78 $535 $640 $680 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 69 $913 $955 $1,250 24 $1,175 $1,275 $2,200 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 1257 $520 LOWER $630 MEDIAN $734 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 42 $398 $440 $460 2 3 141 $460 $495 $520 N/A N/A N/A N/A N/A N/A N/A N/A 210 $493 $535 $565 354 $630 $660 $703 153 $745 $799 $840 69 $810 $860 $915 HOUSE

Market rent in Hillsborough 6 Months ending 31/01/2023 BONDS 774 $550 LOWER $650 MEDIAN $763 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 45 $475 $480 $540 N/A N/A N/A N/A N/A N/A N/A N/A 84 $488 $515 $534 204 $610 $650 $703 141 $730 $800 $870 N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in Kelston 6 Months ending 31/01/2023 BONDS 507 $555 LOWER $610 MEDIAN $650 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 48 $425 $430 $480 243 $560 $600 $650 60 $615 $675 $749 N/A N/A N/A N/A HOUSE

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Market rent in Kohimarama

6 Months ending 31/01/2023

480 $648 LOWER $875 MEDIAN $1,025 UPPER

Market rent in Mairangi Bay

BONDS

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 54 $735 $750 $913 N/A N/A N/A N/A N/A N/A N/A N/A 48 $538 $598 $683 90 $841 $898 $984 78 $1,050 $1,250 $1,388 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 465 $565 LOWER $730 MEDIAN $895 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 30 $550 $550 $570 N/A N/A N/A N/A N/A N/A N/A N/A 48 $425 $550 $563 111 $680 $698 $750 117 $795 $850 $950 39 $845 $990 $1,060 HOUSE

Market rent in Mangere Bridge 6 Months ending 31/01/2023 BONDS 906 $495 LOWER $620 MEDIAN $683 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 63 $365 $370 $376 2 3 N/A N/A N/A N/A N/A N/A N/A N/A 24 $399 $475 $508 123 $591 $620 $620 288 $650 $680 $721 99 $723 $770 $806 N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in Massey 6 Months ending 31/01/2023 BONDS 2400 $550 LOWER $600 MEDIAN $670 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 60 $384 $400 $408 2 3 57 $456 $498 $525 N/A N/A N/A N/A 33 $305 $350 $450 201 $499 $550 $586 1191 $570 $605 $650 393 $668 $713 $763 111 $718 $765 $813 HOUSE APARTMENT/FLAT

APARTMENT/FLAT

Market rent in Meadowbank

6 Months ending 31/01/2023 BONDS 540 $520 LOWER $695 MEDIAN $850 UPPER

Market rent in

APARTMENT/FLAT

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 114 $500 $520 $550 N/A N/A N/A N/A N/A N/A N/A N/A 48 $558 $570 $630 126 $696 $725 $809 48 $909 $975 $1,100 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

Milford 6 Months ending 31/01/2023 BONDS 1449 $430 LOWER $580 MEDIAN $750 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 222 $358 $380 $450 2 3 108 $510 $550 $615 N/A N/A N/A N/A 33 $348 $350 $425 225 $560 $600 $630 243 $700 $720 $800 138 $790 $880 $1,075 33 $1,023 $1,140 $1,200 HOUSE

Market rent in Mission Bay 6 Months ending 31/01/2023 BONDS 627 $519 LOWER $650 MEDIAN $796 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 42 $500 $670 $700 2 3 87 $520 $560 $650 N/A N/A N/A N/A N/A N/A N/A N/A 72 $629 $650 $685 114 $743 $825 $883 48 $948 $1,238 $1,569 N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in Mt Eden 6 Months ending 31/01/2023 BONDS 4284 $450 LOWER $550 MEDIAN $720 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 438 $418 $460 $520 2 3 438 $530 $600 $695 69 $600 $650 $690 147 $390 $438 $513 372 $530 $580 $660 561 $675 $750 $850 351 $865 $950 $1,075 135 $1,000 $1,150 $1,250 HOUSE

Market rent in Mt Wellington

Market rent in Murrays Bay

data shown

market

The

on this page is sourced from the Ministry of Business, Innovation & Employment NZ - Tenancy Services for the period shown. Summary totals include averages for some types of property not shown. The market rent information comes from bond data. The results may not be a true indication of the rental market, as they only reflect properties where bonds have been lodged in the previous 6 months. More information is available at https://www.tenancy.govt.nz/rent-bond-and-bills/market-rent/market-rent-explained. Reproduction of market data is permitted under the terms of the Creative Commons Attribution 3.0 New Zealand License - https://creativecommons.org/licenses/by/3.0/nz/. Every reasonable effort has been made to ensure the accuracy of the information in this report. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this

report prove to be incomplete or incorrect.

BONDS

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 78 $375 $410 $460 2 3 192 $460 $510 $550 57 $538 $545 $553 57 $385 $395 $460 549 $495 $520 $558 1107 $620 $660 $700 357 $745 $800 $850 72 $650 $880 $1,075 HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023

3756 $495 LOWER $560 MEDIAN $680 UPPER

6 Months ending 31/01/2023 BONDS 408 $560 LOWER $740 MEDIAN $880 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 42 $515 $540 $550 120 $696 $720 $770 90 $765 $860 $930 42 $880 $1,100 $1,263 HOUSE APARTMENT/FLAT

rent

6 Months ending 31/01/2023 BONDS 2733 $460 LOWER $550 MEDIAN $630 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 141 $345 $345 $393 2 3 117 $494 $510 $550 N/A N/A N/A N/A 45 $360 $380 $390 441 $480 $520 $580 918 $590 $623 $650 237 $650 $700 $780 57 $700 $720 $898 HOUSE APARTMENT/FLAT Market rent in Newmarket 6 Months ending 31/01/2023 BONDS 672 $465 LOWER $550 MEDIAN $620 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 126 $390 $445 $465 2 3 276 $545 $560 $590 99 $720 $750 $795 N/A N/A N/A N/A 30 $533 $545 $573 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A HOUSE

Market

in New Lynn

APARTMENT/FLAT

Market rent in Northcote

6 Months ending 31/01/2023

1020 $520 LOWER $620 MEDIAN $720 UPPER

Market rent in Northcote Point

Market

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 21 $490 $500 $500 2 3 57 $545 $560 $620 N/A N/A N/A N/A N/A N/A N/A N/A 144 $500 $530 $600 297 $629 $655 $720 129 $768 $810 $918 39 $800 $1,020 $1,200 HOUSE APARTMENT/FLAT

BONDS

6 Months ending 31/01/2023 BONDS 234 $520 LOWER $595 MEDIAN $783 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 33 $508 $520 $550 N/A N/A N/A N/A N/A N/A N/A N/A 42 $528 $560 $624 60 $760 $800 $950 N/A N/A N/A N/A N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in One Tree Hill 6 Months ending 31/01/2023 BONDS 615 $520 LOWER $618 MEDIAN $730 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 24 $490 $570 $600 N/A N/A N/A N/A N/A N/A N/A N/A 84 $478 $520 $568 174 $660 $695 $750 N/A N/A N/A N/A N/A N/A N/A N/A HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 2355 $520 LOWER $595 MEDIAN $700 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 69 $450 $530 $575 2 3 150 $505 $550 $675 30 $530 $570 $650 72 $390 $420 $420 408 $515 $550 $595 552 $650 $683 $750 168 $738 $850 $900 N/A N/A N/A N/A HOUSE

rent in Onehunga

APARTMENT/FLAT

Market rent in Orakei

6 Months ending 31/01/2023

492 $703 LOWER $873 MEDIAN $1,138 UPPER

Market rent in Panmure

APARTMENT/FLAT

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 51 $590 $620 $710 N/A N/A N/A N/A N/A N/A N/A N/A 66 $625 $740 $756 126 $745 $823 $880 69 $1,025 $1,095 $1,250 24 $1,324 $1,473 $1,700 HOUSE APARTMENT/FLAT

BONDS

6 Months ending 31/01/2023 BONDS 756 $510 LOWER $600 MEDIAN $690 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 21 $500 $550 $560 N/A N/A N/A N/A N/A N/A N/A N/A 111 $513 $550 $588 243 $613 $660 $699 60 $700 $780 $830 N/A N/A N/A N/A HOUSE

Market rent in Parnell 6 Months ending 31/01/2023 BONDS 1560 $521 LOWER $690 MEDIAN $839 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 264 $460 $500 $540 2 3 276 $593 $675 $788 102 $779 $910 $1,025 36 $450 $470 $535 96 $683 $700 $760 270 $755 $890 $1,225 84 $963 $1,350 $1,450 N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in Penrose 6 Months ending 31/01/2023 BONDS 96 $498 LOWER $555 MEDIAN $578 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A HOUSE

APARTMENT/FLAT

Market rent in Pinehill

6 Months ending 31/01/2023 BONDS 450 $550 LOWER $650 MEDIAN $880 UPPER

Market rent in Point Chevalier

Market rent in Pt England

APARTMENT/FLAT

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 57 $525 $550 $590 72 $565 $645 $688 90 $820 $845 $868 93 $960 $1,000 $1,150 HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 786 $450 LOWER $660 MEDIAN $794 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 42 $400 $450 $580 2 3 24 $690 $690 $700 N/A N/A N/A N/A 30 $230 $400 $475 117 $625 $680 $713 246 $700 $770 $830 72 $1,100 $1,150 $1,250 N/A N/A N/A N/A HOUSE

Market rent in Ponsonby 6 Months ending 31/01/2023 BONDS 699 $563 LOWER $810 MEDIAN $1,050 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 69 $460 $500 $570 2 3 39 $583 $600 $713 N/A N/A N/A N/A 27 $450 $450 $460 66 $669 $723 $750 225 $850 $935 $1,138 78 $1,000 $1,075 $1,263 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 261 $543 LOWER $650 MEDIAN $725 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 108 $565 $640 $697 48 $700 $750 $790 N/A N/A N/A N/A HOUSE

Market rent in Ranui

6 Months ending 31/01/2023

Market rent in

APARTMENT/FLAT

BONDS

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 21 $360 $400 $455 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 102 $510 $545 $570 534 $560 $585 $623 126 $650 $705 $750 36 $800 $875 $950 HOUSE APARTMENT/FLAT

1032 $544 LOWER $585 MEDIAN $660 UPPER

Remuera 6 Months ending 31/01/2023 BONDS 2808 $620 LOWER $798 MEDIAN $1,000 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 66 $400 $550 $650 2 3 162 $600 $650 $748 63 $720 $835 $1,175 42 $485 $540 $565 255 $550 $575 $650 696 $730 $800 $920 450 $898 $1,050 $1,210 159 $1,100 $1,300 $1,690 HOUSE

Market rent in Rothesay Bay 6 Months ending 31/01/2023 BONDS 279 $568 LOWER $745 MEDIAN $850 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 39 $531 $550 $593 66 $698 $740 $790 75 $735 $750 $848 27 $910 $1,020 $1,275 HOUSE APARTMENT/FLAT Market rent in Royal Oak 6 Months ending 31/01/2023 BONDS 741 $478 LOWER $585 MEDIAN $780 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 24 $560 $560 $590 N/A N/A N/A N/A N/A N/A N/A N/A 96 $525 $550 $595 159 $641 $690 $761 72 $850 $880 $943 21 $900 $960 $1,075 HOUSE

APARTMENT/FLAT

Market rent in Sandringham

Market rent in

APARTMENT/FLAT

Commons

3.0 New Zealand License

https://creativecommons.org/licenses/by/3.0/nz/.

information

this report.

Thompson

no responsibility

this market report

incomplete

incorrect.

Attribution

Every reasonable effort has been made to ensure the accuracy of the

Barfoot and

Limited (REA2008) accepts

should the contents of

prove to be

BONDS

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 33 $400 $420 $430 2 3 132 $470 $500 $538 N/A N/A N/A N/A 66 $410 $430 $450 225 $490 $530 $585 375 $600 $680 $780 156 $800 $885 $950 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023

1695 $490 LOWER $550 MEDIAN $691 UPPER

St Heliers 6 Months ending 31/01/2023 BONDS 1227 $600 LOWER $778 MEDIAN $920 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 87 $406 $463 $493 2 3 153 $496 $550 $550 N/A N/A N/A N/A 27 $420 $473 $495 132 $575 $600 $769 282 $700 $785 $860 177 $850 $1,050 $1,200 42 $1,110 $1,340 $1,738 HOUSE APARTMENT/FLAT Market rent in St Johns 6 Months ending 31/01/2023 BONDS 918 $499 LOWER $588 MEDIAN $750 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 69 $330 $350 $413 2 3 177 $473 $520 $575 N/A N/A N/A N/A N/A N/A N/A N/A 93 $518 $550 $574 207 $660 $720 $800 108 $758 $835 $896 N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in St Marys Bay 6 Months ending 31/01/2023 BONDS 273 $488 LOWER $670 MEDIAN $1,025 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 60 $448 $460 $495 2 3 27 $610 $675 $700 N/A N/A N/A N/A N/A N/A N/A N/A 21 $650 $700 $780 51 $950 $1,295 $1,400 24 $1,390 $1,500 $1,500 N/A N/A N/A N/A HOUSE

Market rent in Sunnynook

6 Months ending 31/01/2023

672 $620 LOWER $650 MEDIAN $741 UPPER

Market rent in Takapuna

APARTMENT/FLAT

BONDS

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 69 $530 $560 $575 315 $630 $655 $700 99 $695 $765 $833 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 1407 $540 LOWER $628 MEDIAN $800 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 126 $470 $520 $550 2 3 222 $610 $750 $850 45 $750 $950 $1,098 48 $450 $538 $563 195 $545 $620 $695 198 $649 $750 $953 123 $894 $1,020 $1,163 33 $893 $1,250 $1,600 HOUSE

Market rent in Te Atatu Peninsula 6 Months ending 31/01/2023 BONDS 1467 $550 LOWER $600 MEDIAN $680 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 12 $533 $568 $601 N/A N/A N/A N/A 57 $473 $495 $500 309 $530 $580 $595 582 $613 $650 $680 165 $699 $783 $850 60 $880 $950 $975 HOUSE APARTMENT/FLAT Market rent in Te Atatu South 6 Months ending 31/01/2023 BONDS 1797 $520 LOWER $580 MEDIAN $660 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 51 $313 $375 $400 2 3 150 $469 $500 $553 N/A N/A N/A N/A 30 $353 $390 $495 294 $470 $510 $528 669 $550 $600 $650 225 $635 $700 $750 78 $750 $780 $860 HOUSE

APARTMENT/FLAT

Market rent in Three Kings

6 Months ending 31/01/2023 BONDS 351 $613 LOWER $670 MEDIAN $791 UPPER

Market rent in Titirangi

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 18 $439 $460 $493 2 3 15 $670 $670 $700 N/A N/A N/A N/A N/A N/A N/A N/A 48 $575 $645 $660 99 $650 $675 $738 42 $798 $830 $905 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 843 $540 LOWER $640 MEDIAN $739 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 42 $350 $450 $450 2 3 42 $450 $495 $510 N/A N/A N/A N/A N/A N/A N/A N/A 105 $500 $545 $600 330 $611 $650 $680 123 $750 $795 $875 42 $720 $910 $920 HOUSE APARTMENT/FLAT Market rent in Torbay 6 Months ending 31/01/2023 BONDS 1251 $550 LOWER $673 MEDIAN $770 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 57 $374 $393 $426 2 3 57 $485 $510 $543 N/A N/A N/A N/A 33 $399 $420 $436 138 $515 $550 $580 426 $603 $673 $721 267 $750 $790 $850 75 $786 $865 $915 HOUSE APARTMENT/FLAT Market rent in Unsworth Heights 6 Months ending 31/01/2023 BONDS 711 $415 LOWER $460 MEDIAN $675 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 30 $470 $520 $525 N/A N/A N/A N/A N/A N/A N/A N/A 63 $485 $520 $560 264 $650 $660 $700 126 $720 $760 $795 N/A N/A N/A N/A HOUSE APARTMENT/FLAT

Market rent in Wai O Taiki Bay

6 Months ending 31/01/2023 BONDS 105 $556 LOWER $700 MEDIAN $798 UPPER

Market rent in Wairau Valley

SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A HOUSE APARTMENT/FLAT

6 Months ending 31/01/2023 BONDS 57 $570 LOWER $580 MEDIAN $675 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A HOUSE

Market rent in Waterview 6 Months ending 31/01/2023 BONDS 387 $500 LOWER $610 MEDIAN $714 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 30 $500 $590 $615 N/A N/A N/A N/A 9 $415 $425 $565 60 $483 $495 $530 120 $650 $670 $720 N/A N/A N/A N/A N/A N/A N/A N/A HOUSE APARTMENT/FLAT Market rent in West Harbour 6 Months ending 31/01/2023 BONDS 930 $590 LOWER $650 MEDIAN $790 UPPER SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 2 3 4 5+ SIZE BONDS RECEIVED LOWER QUARTILE MEDIAN RENT UPPER QUARTILE 1 N/A N/A N/A N/A 2 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 60 $500 $513 $588 435 $590 $630 $683 192 $750 $815 $846 63 $850 $900 $945 HOUSE

APARTMENT/FLAT

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.

We work hard for you

From the very beginning, we work hard to ensure your investment is well looked after. Here’s an overview of what you can expect when you choose to work with our expert team.

Initial consultation

We identify the management service that meets your needs and help you complete all the paperwork needed.

Account activation

We set up your account in our management system. This includes all the details for your property. All future quotes, repairs, maintenance and information associated with your property will be linked to this account and can be sent to you easily whenever you require it.

Marketing

We organise all the marketing for your property (in line with your agreed marketing strategy and budget). This can include advertising copy, signboards, photography, floorplans and video.

Finding tenants

To locate quality tenants, we organise online advertisements on barfoot.co.nz, realestate.co.nz, and trademe.co.nz. This service is free of charge for you.

Property viewings

We conduct viewings of your property by appointment on your behalf. Our Book-AViewing system helps us manage these efficiently for you. Ask us for more information.

Tenant applications

We know that the success of your investment lies in finding you a quality tenant. We thoroughly check every tenant that applies to rent your property. This includes looking at employment references, past rental history, credit checks, tenancy tribunal checks and proof of income.

Approval

Once we’ve screened our shortlisted applicants we present these applications to you so that you can make an informed decision and select the most suitable tenant for your property. Everyone is different and you may or may not want to be involved in this part of the process; the decision is yours.

Notification

Once an appropriate tenant has been selected, we promptly notify them of the decision to avoid losing them to another rental property.

Preparation

We organise all final paperwork, monies and lodgement of the bond. If your property is vacant or a tenant is vacating it will be cleaned, the state of all chattels is documented and any necessary maintenance is completed.

Pre-inspection

We complete a full inspection of your property, including water readings and body corporate information (if applicable).

Handover

Once a full inspection is completed and recorded, we meet and hand over keys to your new tenant on commencement date.

Receiving rent payments

Unlike many property management companies, we collect rental funds from your tenants and hold them in an audited trust account so you know where your money is at any time.

Find out more about what a property manager can do for you, visit barfoot. co.nz/howwehelp

FAQs

From the very beginning, we work hard to ensure your investment is well looked after. Here’s an overview of what you can expect when you choose to work with our expert team.

How much will your service cost me?

Barfoot & Thompson charge a flat fee of 8.5% + GST (9.5% + GST if the property is furnished) of rent collected and any repairs, maintenance, and renovations carried out, or invoices paid on your behalf. There is no extra charge for routine inspections, administration, monthly and end of year financial statements and mediation or any appearances we make at the Tenancy Tribunal on your behalf.

Our fee is very competitive, and these costs may be tax deductible.

How often will you pay me?

We pay you monthly or twice a month, whichever you prefer, by direct crediting funds into your account. A comprehensive monthly statement detailing funds collected and disbursed on your behalf can be posted or emailed to you anywhere in the world. Invoice copies of accounts paid are included.

Do you collect a bond?

Yes. The Residential Tenancies Act requires that no more than four weeks bond be collected. Unless otherwise agreed, Barfoot & Thompson consider two weeks to be the minimum that should be paid. The bond is paid before the tenant takes possession and held by the Bond Centre until the tenant vacates.

Will it cost me to advertise the property?

No. If you have a full property management contract with us, our Option A marketing package is complimentary. You may choose to upgrade your marketing package at an extra cost.

Will I be charged for a vacant property?

No.

What if my tenant doesn’t pay the rent?

Barfoot & Thompson rent collection is computer monitored, enabling us to act very quickly when a rental payment is missed. The debt recovery process commences immediately. While we take every possible action to resolve the matter, in some cases it may be necessary to take the tenant through the mediation process or to the

Tenancy Tribunal. If this is the case you will not be charged for our time.

Does Barfoot & Thompson guarantee me for any loss of rent?

No.

I will be moving overseas - can you handle all repairs?

Yes. Our property managers use a range of contractors who are highly skilled, competitively priced and quick to respond to our calls. If you have a preference for any particular tradesperson we would be pleased to accommodate this.

Legally, if you are overseas for 21 days or more, you are required to appoint someone to manage your property.

How often will you inspect my property?

Inspections are carried out on a regular basis. The frequency should be discussed with your property manager at the commencement of the management. Be sure to check what your insurance policy states as well, as they do generally have a set frequency. Pass this onto your property manager and we will set it as what is required.

What if I want to sell the property?

Your property manager can arrange with any of our experienced sales staff to have the property appraised and then listed for sale. This can be a very delicate situation and it is important that it’s handled professionally and efficiently. It is our job to ensure you and your tenants interests are protected. Your property manager will be happy to walk you through the process at any time.

Do you offer a Body Corporate service?

Yes, we offer full body corporate services. Ask our property managers for more details. Do you offer commercial property management services?

Yes, we offer comprehensive property management services for commercial investments. Ask our property managers for more details.

Meet the team

I’m proud to announce my appointment as Branch Manager of Barfoot & Thompson Greenlane and look forward with great excitement to following on from the tremendous work that my predecessor Kevin Lowe has achieved, and leading the team of passionate, motivated and high achieving salespeople and property managers into the future.

This is the area I began my real estate career many years ago, within the streets and neighbourhoods the Greenlane branch specialises in. I am passionate about the area and committed to sharing our vast knowledge and networks with our clients with the utmost integrity and dedication.

It’s myself and the team’s mission to ensure every aspect of the buying and selling process is streamlined, stress-free and successful. Our reputation for excellence is built not only on results, but on our innovative, personalised and highly professional service.

We look forward to meeting with you and achieving your property goals.

Administration & Customer Service

Property Management team

Suzanne MacLean Branch Manager 021 402 777 Jayde Ryan Branch Administrator Stephen Smith Sales Manager 021 232 2750 Carly Brinsden Property Management New Business Andy Lawrence Head of Property Management 027 595 4166 Andy Cheng Property Manager 09 523 1189 Kai Liu Property Manager 027 552 2352 Patrick Walsh Property Manager 021 915 693 Andrea Matthews Property Management Assistant Sarah Fan Marketing Specialist Justin Coleman Property Manager 021 908 472

Residential Sales team

912 4018

022 656 2688

866 932

636 228

Sophia

021 081 18370

027 717 2888 Nina

021 393 518

027 948 2844

628 681

021 88 22 97

768 668

021 295 0091

021 928 687

027 282 2828

875 818

Serrine Chen 029

Tom Chen

Vincent Fong 021

Victor Lai 021

Helen Lam 027 552 2948 Dionne Lam 027 452 8852

Sun

Alana Sun

Joanna Xu

Gloria Zeng 021

Tim Zhou

Michelle Zhang 021

Michele Ballinger

Stephen Chang

Susanna Chang

Isabella Li 021

021 073 6559

021 607 366

827 9982

6122

Kellys Osorio Castano 021 985 448 Candy Liu 021 681 588 Raja Ritesh

Wendy Sadd

Emily Lei 027

Mike Lee 021 194

Debbie Gordon 021 207 3139

Adrian & Edit Frazer 027 499 3282 Li-An Huang

Greenlane Property Management. At the heart of Auckland. Barfoot & Thompson Greenlane 255A Great South Road, Greenlane, Auckland 1051 Property Management 09 523 1185 Residential Sales 09 523 1189 Email greenlane.rental@barfoot.co.nz barfoot.co.nz/greenlane AKTPM1