Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Barfoot & Thompson - Strength in Auck. Top End

11 April 2005
Media Release

Barfoot & Thompson Reports Strength in Auckland’s Top End
Property Market

The latest monthly sales figures from Auckland’s leading real estate agency, Barfoot & Thompson, show considerable strength in the premium end of Auckland’s housing market.

Fifteen percent of all sales made by the firm during March were for $1 million or more driving the average sale price for the month to $468,151 - a record for the 82 year old company. The March average price is also 14 percent higher than the same month last year.

Director Peter Thompson says the average was pushed up by three large sales valued at $3 million and $10 million. There were also a further 11 sales in the $2 million range.

Mr Thompson says while the standout results were at the upper end, there was demonstrable strength right across Auckland’s residential market during March. “Both sales volumes and prices were good across a range of price brackets with branches such as Papakura and Manurewa in the south; Te Atatu and Henderson in the west; Mt Roskill and Mt Albert in central Auckland; and Birkenhead and Milford on the North Shore.

“Most of the large sales were in Auckland’s eastern suburbs. In fact our Remuera branch had a particularly successful month, selling 47 properties worth a total of almost $60 million.”

“Our new North Shore Elite branch, based in Takapuna, also performed extremely well. It sold 14 properties worth almost $11 million - a very strong result considering the branch has only been open since November.” Barfoot & Thompson North Shore Elite specialises in the top end of the North Shore residential market, only listing properties valued at $650,000 or more.”

In the rental market, March was firm with 683 houses and units let during the month for an average weekly rental of $346 which was higher than at any point last year.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>