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Quarterly Auckland rental update: Rental yields back on the upswing

Auckland's average rental yield rises for the first time in three years Rental yields climb in roughly half the city’s suburbs, with an average return of 3.04% Across Auckland, average rent for Q2 2017 was 4.9% more than the same time last year Rental yields back on the upswing Returns for Auckland rental property owners look to be on the up, with gross rental… Read full post

Mid-Winter chill keeps Auckland vendors and buyers at home

A combination of winter blues, school holidays, and the impending election has resulted in fewer sales and new listings throughout Auckland during July. “Winter traditionally sees a slowing in the market and this winter has been no different,” said Peter Thompson, Managing Director of Barfoot & Thompson. “It can be hard to make even the best attributes of your home shine… Read full post

Auckland’s real estate hot spots – short- and long-term winners

Beachlands takes out top spot for first half of 2017 – 64% growth in median sales price Top 20 hot spots median sale prices up 12-64% (1H 2017 vs 1H 2016) Six of the top 20 also stand out for their long-term growth, measured at 5 and 10 years The picturesque beachside suburb of Beachlands has taken out the top spot in Barfoot & Thompson’s list of ‘Top… Read full post

The rise of bedroom diversity in Auckland’s rental market

Auckland’s rental market housing stock, which once was almost half made up of standard three-bedroom homes as rentals, has changed drastically over the past 20 years. In 2017, one-bedroom properties are fast rising in popularity and the number of houses with four or more bedrooms has increased by 300 percent since 1997. Barfoot & Thompson, interested in delving further into Auckland’s… Read full post

World Blood Donor Day encourages donors to stand up and take a bow

This World Blood Donor Day, we are sharing for lives, not likes. Thank you for #SharingForLives from NZ Blood Service on Vimeo .   Across New Zealand, there are 110,000 secret lifesavers walking amongst us. Teachers, builders, chefs, league players, farmers and shop keepers, together they help save the lives of nearly 29,000 people around the country every year. These unsung… Read full post

Auckland House Prices Hold Steady

While the number of residential properties sold in Auckland in May was low compared to previous years, prices showed no signs of retreating. "The average sales price for the month at $942,717, and the median price at $846,000, remained rock solid," said Peter Thompson, Managing Director of Barfoot & Thompson. "With a sound number of new listings, total listings at their highest for the past… Read full post

Rental market showing signs of pressure

• Vacancy rate has been steady at 1% for at least one year; over 100,000 enquiries for Q1 from prospective tenants • Average rent increased by 4.6% in Q1 2017 compared with Q1 2016, with average weekly rent for a three-bedroom home now $531 • Average rent for new tenancies has increased by 7% in Q1 2017, compared with Q1 2016 Rental market showing signs of pressure … Read full post

Account Executive - be our new star!

We are looking for an outstanding Account Executive to join the team and be our brightest new star. If you have a passion for current affairs, popular culture and a knack for spotting emerging trends, then this could be the job for you. Working across a variety of corporate and consumer clients, you will be given the opportunity to hone your PR skills and become an integral part of our… Read full post

Auckland Property Sales And Prices Lift In March

Auckland residential property prices returned to normal levels of activity in March with sales numbers increasing and the average and medium prices setting new monthly records. “After a quiet two months of trading at the start of the year, the market lifted in March with activity returning to something like the normal pattern and increased," said Peter Thompson, Managing Director of Barfoot… Read full post