Barfoot & Thompson | Milford by barfootsuburbsales

Welcome to our SOLD Milford Market Report magazine for

July/August 2025

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.

Henry Barfoot and the Milford team

Latest News

Auckland property market heads into winter with strong sales numbers

The Auckland property market had a strong close to the summer/autumn selling season with sales numbers at their strongest for the month of June in four years, and the average price increasing to its highest in three months.

“June is normally a month when sales activity starts to tail off with the approach of winter, but this June was a strong sales month,” said Stephen Barfoot, a Director of Barfoot & Thompson.

“The median sales price for the month at $981,500, was the highest it has been this year and 5.7 percent higher than last month’s median sales price.

“While this is well below the peak median price established a few years ago, compared to where prices have been over the past few months, it represents a pleasing reversal in direction.

“The strong increase in the number of sales being achieved this year compared with the past two years continued into June.

“We sold 876 properties in June, which was our highest number in the month of June for four years and was more than a quarter higher than in the same month last year.

“While June’s sales numbers were down on May’s, our sales for 2025 year-to-date continue to run 20 percent higher than those for last year.

“The market may be drifting in terms of prices, but when it comes to sales turnover it is stronger now than it has been since sales and prices peaked in 2021.

“New listings in the month at 1,405 were solid, but the lowest they have been for 5 months, with month end housing stock sitting at 5,831. While this number is on a par with stock levels at this time last year it is the first time in four months properties on our books have fallen below 6,000.

“The rural and lifestyle markets to the north, west and south of Auckland also had a strong

month going into winter, with the sales value of properties for June being more than $59 million, the highest sales total in these markets in the month of June for three years.

“Sales by value in the rural and lifestyle markets in the first half of 2025 are running 41 percent ahead of where they were at the same time last year.”

Stephen Barfoot Director

Milford, Castor Bay, Forrest Hill

Market Share and Figures

Market Leaders

We sell across all price brackets and types of property. Here’s proof why people continue to list and sell with Barfoot & Thompson.

Overall Market Share

Over the last 12 months, Barfoot & Thompson sold more property in our area* than any competitor.

For the period from 1st July 2024 to 30th June 2025 we sold 38% of all properties for sale in the area* – that’s over 1450 sales made by Barfoot & Thompson!

Monthly sales overview in the local area* (*Recent Sales)

Sunnynook

Milford

Mairangi Bay

Forrest

Latest News

Auckland’s Quarterly Rental Update

Quarterly Rental Update:

‘Renters’ market’ emerges in Auckland as supply increases, activity cools and prices plateau

July 2025

Data from Auckland’s largest rental agency, Barfoot & Thompson, shows the region experienced a shift towards ‘renters’ market’ conditions during the first half of 2025.

According to statistics from more than 17,500 Auckland properties managed by the company, the average rent in the city inched up to $693.46 at the end of June; and while up 1.99% on the same time in 2024, this was the lowest increase recorded in the past five years.

Since January 2025, the average rent went up by only 0.53%, which was less than $4 in total over the six-month period.

General Manager of Property Management, Anil Anna, says that having more properties available to rent, alongside lower levels of renter activity, were the driving forces behind the slower pricing trend.

“Also, winter is a typically quieter seasonal period, and we are coming off a particularly strong pricing cycle in early to mid-2024, where the average weekly rent was up more than 5% yearon-year,” he adds.

Property managers across the agency’s Auckland branches were reporting increased supply from a number of fronts including more tenants choosing to move out of the city and, in some cases the country, a small surge in first home buyers moving

from rentals to their own properties, fewer migrants coming into Auckland in search of a home, and significant numbers of new rental properties, particularly townhouses, coming on to the market.

“This higher than usual supply of rental properties ultimately means wider choice for prospective tenants and more competition with other listings for landlords,” says Anil.

“At the same time, we are seeing more subdued interest from potential tenants overall, with enquiries down around 20% on last year’s peak.

Anil points to the likelihood that many people are ‘hunkering down’ over winter as well as biding their time in making any big financial commitments, such as moving, given the broader economic pressures being faced by many households.

“Those looking are being drawn by the most competitively presented and well-priced homes and, in response, more and more landlords are prepared to meet the market to ensure their property is let quickly.”

He says that while the average time to let a home is around a week longer than usual, there is still plenty of activity in the market and evidence of renters moving quickly for the right property.

“Our property managers are hosting substantially more viewings to attract tenants at days and times that work

best for them, and properties that are marketed well, offer a quality home and are priced to compete are generating good interest.”

His advice to landlords was to consult a local expert property manager for the insights most relevant to their area and to ensure their rental property was marketed, priced and presented as competitively as possible.

By property type, property managers across the region were reporting stronger interest in stand-alone homes, over multi-unit and terraced homes. “For example, in the Howick and Pakuranga areas, larger 4 and 5-bedroom homes able to accommodate larger or extended families, are becoming more sought after, while in South Auckland, 2 and 3-bedroom homes are consistently popular.”

By location, traditionally lowered priced areas further from the city centre continued to draw slightly higher increases. The central city’s apartment market registered slightly negative price growth following a period of intense activity in late 2023 and early 2024. “There is a market correction at play here after this area out-performed the region-wide average during the past year.”

Anil Anna Property Management General Manager

These statistics are drawn from a portfolio of approximately 17,500 Auckland-based rental properties managed by Barfoot & Thompson. This includes both existing and newly signed tenancies. These figures are compared to the same time last year to show a percentage change. These statistics are reviewed and released quarterly, however, monthly rental statistic reports are also available on the Barfoot & Thompson website under ‘Market Reports’: barfoot.co.nz/market-reports

Auckland Region Rental Summary

Advice

for Landlords

5 C o m m o n L a n d l o r d M i s t a k e s t o A v o i d

O w n i n g a r e n t a l p r o p e r t y c a n b e

a r e w a r d i n g i n v e s t m e n t b u t

o n l y i f m a n a g e d c a r e f u l l y E v e n

e x p e r i e n c e d l a n d l o r d s c a n f a l l

i n t o t r a p s t h a t p u t t h e i r r e t u r n s ,

i n s u r a n c e , o r r e l a t i o n s h i p s w i t h

t e n a n t s a t r i s k . H e r e a r e f i v e

c o m m o n m i s t a k e s e v e r y l a n d l o r d

s h o u l d w a t c h o u t f o r :

1 . S k i p p i n g a t h o r o u g h e n t r y

i n s p e c t i o n

A n e n t r y i n s p e c t i o n r e p o r t ,

c o m p l e t e w i t h p h o t o s , i s c r i t i c a l

t o p r o t e c t y o u r a s s e t W i t h o u t

c l e a r p r o o f o f a p r o p e r t y ' s

c o n d i t i o n a t t h e s t a r t o f a

t e n a n c y , y o u m a y s t r u g g l e t o

c l a i m f o r a n y d a m a g e a t t h e

e n d S k i p p i n g t h i s s t e p c o u l d

m e a n c o s t l y r e p a i r s c o m i n g o u t

o f y o u r o w n p o c k e t

2 . F a i l i n g t o c o n d u c t r e g u l a r

p r o p e r t y i n s p e c t i o n s

M o s t i n s u r a n c e p o l i c i e s r e q u i r e

l a n d l o r d s t o i n s p e c t t h e i r

p r o p e r t y a t r e g u l a r i n t e r v a l s

o f t e n e v e r y t h r e e m o n t h s .

N e g l e c t i n g i n s p e c t i o n s c o u l d n o t

o n l y a l l o w s m a l l m a i n t e n a n c e

i s s u e s t o s n o w b a l l b u t c o u l d a l s o

i n v a l i d a t e y o u r i n s u r a n c e c o v e r

w h e n y o u n e e d i t m o s t

3 . N o t a d j u s t i n g r e n t w i t h t h e

m a r k e t

F a i l i n g t o r e v i e w a n d i n c r e a s e

r e n t i n l i n e w i t h m a r k e t t r e n d s

c a n s e r i o u s l y i m p a c t y o u r r e t u r n

o n i n v e s t m e n t R e g u l a r , m o d e s t

i n c r e a s e s w h i l e s t a y i n g w i t h i n

l e g a l g u i d e l i n e s e n s u r e y o u r

r e n t a l r e m a i n s c o m p e t i t i v e

w i t h o u t u n d e r v a l u i n g y o u r a s s e t

4 . I s s u i n g a n i n v a l i d n o t i c e t o

v a c a t e

T h e r u l e s a r o u n d e n d i n g a

t e n a n c y a r e s t r i c t a n d s p e c i f i c

A n i n c o r r e c t l y i s s u e d n o t i c e c a n

l e a d t o c o s t l y d i s p u t e s a t t h e

T e n a n c y T r i b u n a l a n d s i g n i f i c a n t

d e l a y s i n r e g a i n i n g p o s s e s s i o n o f

y o u r p r o p e r t y A l w a y s d o u b l e -

c h e c k t h e n o t i c e p e r i o d s a n d

g r o u n d s f o r t e r m i n a t i o n u n d e r

c u r r e n t l e g i s l a t i o n

5 . B r e a c h i n g a t e n a n t ’ s r i g h t t o

q u i e t e n j o y m e n t

T u r n i n g u p u n a n n o u n c e d , e v e n

w i t h g o o d i n t e n t i o n s , i s a b r e a c h

o f t h e t e n a n t ' s r i g h t s N o t o n l y

c a n t h i s d a m a g e y o u r

r e l a t i o n s h i p w i t h t h e t e n a n t , b u t

i t c o u l d a l s o l e a d t o f o r m a l

c o m p l a i n t s a n d f i n a n c i a l

p e n a l t i e s A l w a y s p r o v i d e p r o p e r

n o t i c e b e f o r e a n y v i s i t s

I h a v e t o a d d t h a t s o m e t i m e s t h e

b i g g e s t m i s t a k e i s n o t u s i n g a

p r o f e s s i o n a l p r o p e r t y m a n a g e r !

M y r e n t a l t e a m w o r k i n c r e d i b l y h a r d t o p r o t e c t y o u r i n v e s t m e n t ,

m a i n t a i n g o o d t e n a n t

r e l a t i o n s h i p s , a n d e n s u r e y o u r

p e a c e o f m i n d t h r o u g h o u t t h e

t e n a n c y W e ’ r e h a p p y t o t a l k

a b o u t h o w w e c a n h e l p y o u .

Louise Benson

Head of Property Management

027 431 9536

l benson@barfoot co nz

If it’s freezing it’s failing!

Landlords, sign up with us and warm up to a FREE Healthy Homes Assessment.*

Every rental in New Zealand must now legally meet the Healthy Homes standards – covering heating, insulation, ventilation, moisture, drainage and draughts.

Compliance means more than keeping you on the right side of the rules. It makes your property easier to manage, more appealing to tenants and better protected for the long run.

At Barfoot & Thompson, we simplify the process. We’ll assess your property, manage any upgrades and keep things moving – so you stay protected and profitable.

Sign a Property Management Authority with us anytime between 1 July - 30 September 2025* and get a free assessment. Scan the code to find out more, *terms apply.

Sign a Property Management Authority with us anytime between 1 July - 30 September 2025* and get a free assessment. Scan the code to find out more, terms apply.

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.

F O R R E S T H I L L

TIMELESS BRICK BEAUTY

Lovingly maintained for nearly 30 years, this sunny, single-level brick home offers three bedrooms, a study, and two bathrooms Enjoy Rangitoto views from the entertainer’s deck, plus a solar-heated pool, spa, and double garage. Vendors are committed elsewhere don’t miss this warm, modern family haven.

For sale details & viewing times: barfoot co nz/915941

Eileen Yu 021 886 090

Faye Cui 021 269 5985

Privately nestled on approx 862m², this multi-level home blends comfort, light-filled spaces, and character. Featuring three bedrooms, two bathrooms, gas kitchen, and mezzanine lounge with park views Vaulted ceilings, private outdoor zones, and walkable access to schools, beaches, parks, and cafés complete this relaxing, well-located retreat.

barfoot co nz/915795

Linda Teng 022 0296 426

FREEHOLD FAMILY GEM

Lovingly kept for 15 years, this sun-drenched home sits at the end of a quiet cul-de-sac With three bedrooms, open-plan living, and a sunny deck, it’s ideal for families or downsizers. A separate downstairs space adds versatility for teens, workfrom-home, or recreation

barfoot.co.nz/916295

Eileen Yu 021 886 090

M I L F O R D

BRAND NEW LUXURY LIVING

barfoot co nz/913698

Kristy Li

2 A - 2 F R A N G I T O T O T E R R A C E F O R R E S T H I L L

021 269 5985 021 189 9366

Architecturally designed for modern lifestyles, these six stylish homes offer high-end finishes, functional layouts, and stunning sea views Set in an elevated spot near Milford Beach and town centre, they’re perfect for families, professionals, or investors seeking location, quality, and convenience A rare opportunity not to miss!

Vendor is fully committed this near-new, freestanding home must be sold Set over three generous levels with four bedrooms, multiple living areas, and double garaging, it’s ideal for extended families or rental flexibility. Freehold, sun-filled, and superbly located don’t miss this rare opportunity with genuine urgency

barfoot co nz/916053

Cathy Li 021 779 783

FROM SALE TO SETTLEMENT

TOP TIPS

Why working with Barfoot & Thompson can help sell your home.

In our recent editions we have discussed the steps involved in selling your home, from getting ready to sell right through to the ins and outs of offers and negotiations. This article examines what happens after the sale, and on settlement day.

Remember we have more information and a range of videos on our website to help you make the very best choices. barfoot.co.nz/sell/selling-guide

Congratulations: your property has sold!

After the bubbly has been popped and the celebrations are over, our clients often ask us: “Now what?” Not to worry, the route from sale to settlement is a relatively straight forward one, and your Barfoot & Thompson sales person will guide you every step of the way. Now what?

What do I need to do?

Unconditional vs. Settlement

Once the agreement you have signed “goes unconditional” it is legally binding, meaning both you and the purchaser now have to fulfil obligations specified in the contract in order for the property to change owership.

Deposit

Upon the sale of the property, the purchaser is required to pay a deposit. We will hold this deposit in the Barfoot & Thompson trust account for 10 working days.

We’ll work with both solicitors directly during this process and will let you know once the deposit has been transferred to your solicitor’s bank account.

Keys on Settlement

On settlement day, the remainder of the purchase price of the property is paid to you, and the Property Title is transfered to the purchaser, who will then be the new owner.

We’ll hold your house keys at our Barfoot & Thompson office until your solicitor advises us in writing that the above has taken place, at which point they’ll be made available for the new owner to collect. We won’t release your keys until we are legally entitled to do so.

There is a number of things you’re required to do as part of your duties as a vendor:

• You must ensure all chattels included in the sale are in reasonable working order on settlement date. Excepting fair wear and tear, they should be in the same condition they were in on the date of sale. If there is any significant damage, the purchaser is entitled to compensation from you.

• You must ensure all bills for electricity, gas, water and rates on the property are up to date. There should be no outstanding charges on the accounts on settlement day.

Before Settlement:

• Make an appointment with your bank to discuss your financial arrangements for settlement day, and to sign the necessary financial documents.

• Make an appointment with your solicitor. You’ll need to arrange to sign the necessary legal documents to transfer the property from your name into that of the new owners.

• Organise the move! Arrange for someone to look after your children or elderly family members during the packing/ moving process if required. Book a moving company if you’re using one, and start collecting boxes and newspaper to pack your things in.

• Arrange the transfer of water, telephone, electricity and gas services. You’ll need to contact your service providers to notify them that you’re moving, and have all services at the property transferred from your name. You’ll also need to arrange final readings on the day of your move.

• Transfer any other services and organise your change of address.

• If your property is tenanted, you may have arranged with the purchaser that the tenants stay on under the new ownership. If so, this should have been included in the Sale and Purchase Agreement. If not, the property must be vacant on settlement date.

On Settlement Day:

• If the property is sold with vacant possession, then you must let the purchaser (or anyone authorised by them in writing) complete a property check prior to settlement. They’ll check the condition of the property, including the chattels and fixtures that are included in the sale. They must give you reasonable notice for this visit.

• On the day of possession, you must make all keys available to the purchaser.

• The set of keys should include all exterior door keys, electronic door openers and keys or codes to any alarms on the property. If the property is tenanted, however, these items will remain with the tenant(s).

It’s good to remember that in between the date of sale and the date of settlement, the property and chattels remain in your name. This means you are responsible for any damage that may occur between the sale and the settlement date.

Learn more about the steps between sale/ purchase and possession in our video explaining what happens at the presettlement inspection.

Remember we have a range of video tips for sellers. Head to our website for more information: barfoot.co.nz/sell/video-tips

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.

With Barfoot & Thompson, not only do you have the strength of Auckland’s largest and most trusted real estate company behind you, you also have 1,700+ salespeople working for you.

Recent

Sales

The following pages show a summary of sales in Milford, Castor Bay & Forrest Hill made by all selling agencies during June 2025.

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.

Scan me to view our most recent sales

1/78 Kitchener Road

$1,685,000

137A Nile Road

$1,200,000

3/142 Nile Road

$938,000 $960,000

3/13 Penning Road

$1,705,000

1/45 Rangitoto Terrace

$1,305,000

1/18 Shakespeare Road

$1,245,000

2/5 Stanley Avenue

$1,135,000

10A Waterloo Road $2,330,000

2/37 Wolsley Avenue

$1,950,000

1/45 Wolsley Avenue

$1,310,000 $1,350,000 CV Land Size Sale price Crosslease Bedrooms 3 Floor size 100

Castor Bay

107 East Coast Road

$2,850,000 $2,300,000 CV Land Size Sale price 996 Bedrooms 4 Floor size 256

1/3 Katui Street

$3,375,000 $2,425,000 CV Land Size Sale price Crosslease Bedrooms 4 Floor size 300

62A Parr Terrace

$1,175,000 $1,350,000 CV Land Size Sale price 740 Bedrooms 3 Floor size n/a

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.

34 Blakeborough Drive

$1,380,000 $1,600,000 CV

1/210A East Coast Road

$1,116,000 $1,125,000 CV

3 Floor size 154

242 East Coast Road

$1,420,000 $1,650,000 CV

1/169 Forrest Hill Road

$1,060,000 $950,000 CV

53 Gordon

Avenue

$2,055,000 $2,200,000

33 Meadowvale Avenue

$1,550,000

Pendene Place

$1,363,000 $1,350,000 CV

47A Seine Road

$1,320,000

14B September Place

$1,198,000 $1,350,000

12 Springfield Street

$1,625,000 $1,400,000 CV

41D Sunnynook Road

$1,430,000 $1,310,000 CV Land Size Sale price 242

12 Tyne Road

$1,800,000 $1,800,000 CV

37 Wairau Road

$1,800,000

1/36 William Souter Street

$1,045,000 $1,000,000 CV

What our C u s t o m e r s S a y

M a r k C a i s l e y

Sold quickly and at a great price. Mark made the process smooth ess-free with communication market knowledge commend –

e r r y G r a h a m &

A p r i l H o w a r d

Kerry and April were lovely to work with. As first home buyers, they gh every step and questions with speedy t recommend them enough

A l l e n M a

Quick responses and great support Allen was incredibly helpful and always responded info I needed I was able to s in a short time and make ecision Highly recommend!

K a i D e n g

Professional, reliable, and trustworthy Kai made the whole process smooth and stress-free mmunication, market knowledge, and attention to detail

Achieved a great result highly recommend!

Joseph is an extremely honest and hardworking property manager a rare gem From our as upfront about market ked hard to secure great e updated throughout and didn’t rush the process. You’ll be well supported with Joseph on your side

C a t h y L i

Cathy’s been with us nearly 20 years Her enthusiasm, professionalism and r one of a kind Even in a were very satisfied she’s Thank you, Cathy!

Meet the Team

As the Branch Manager of Barfoot & Thompson Milford, I lead a dynamic team dedicated to delivering top-notch real estate services to our clients. We help homeowners to achieve outstanding sales results, and help landlords to maximise their portfolio returns while minimising hassles.

My grandfather, Val Barfoot, founded Barfoot & Thompson 100 years ago as a new migrant from England. The company has grown to be the market leader in Auckland, but has never lost sight of key family values like integrity and respect. A focus on performance and service has seen Barfoot & Thompson achieve international recognition as the top real estate agency in Asia Pacific - the first New Zealand agency to do so.

I’m a proud North Shore local, and started my real estate career here in 2009. I’ve also had the privilege of working in our branches all across Auckland as a relieving manager, and I opened our Millwater branch in 2017 before relocating to Milford in 2019.

At Barfoot & Thompson, we believe in looking after our people and supporting our local community, but above all we believe in putting our clients first. I am committed to helping my team deliver exceptional real estate services to our clients in a positive and collaborative work environment. Feel free to reach out to me if you have any real estate needs or questions. I love meeting our clients in person and I always have time to talk.

Property Management team

Residential Sales team

Chris Cai 021 258 3328

Chris Harvey 022 140 0302

Geraldine Ling 021 106 3639

Shirley Pei 021 1059 111

Eileen Yu 021 886 090

Mark Caisley 021 919 804

April Howard 021 688 411

Allen Ma 021 861 230

Elmarie Steenberg 021 265 0252

Sophia Zeb 020 417 13052

Faye Cui 021 269 5985

Vivian Huang 021 866 896

Don Mackay 027 525 0100

Linda Teng 022 0296 426

Jessie Zhang 021 0283 1345

Kai Deng 021 902 628

Li 021 779 783

Mackenzie 021 336 734

Walecha 0275 392 018

Graham 027 270 6726

Li 021 189 9366

Mahon 027 298 7399

Wang 021 887 918

Han 021 228 8555

Li 022 636 5878

Pan 021 287 7668

Wang 021 0220 4095

Kerry

Ying

Cathy

Kristy

Susan

Rakhi

Lily

Lucy

Scott

Tim

Evan

180 Kitchener Road, Milford, Auckland 0620

Residential Sales 09 489 5049

Property Management 027 4319536

Email milford@barfoot.co.nz

barfoot.co.nz/milford

Barfoot & Thompson Milford