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


Auckland property market produces record result

Wednesday 6 December 2006

Media Release

Auckland property market produces record result for the second month in a row

The Auckland property market is continuing its buoyant run with Barfoot & Thompson’s average sale price of $507,470 setting a new company record for the second month in a row.

Barfoot & Thompson’s average sale price broke the half million dollar mark for the first time in October and November has now exceeded that. Director Peter Thompson says, “We’ve just completed the busiest November since 2003 with total sales of 1,089. This included good activity at the top end of the market with the proportion of the company’s sales worth $1 million or more increasing from 16.7 percent in October to 17.8 percent in November.”

“It’s was notable that our auction team was very busy during November with around 75 properties going under the hammer each week and good clearance rates being achieved.”

“This is a great time for vendors to consider listing their properties for sale as there are plenty of interested buyers currently in the market and a shortage of good quality listings is developing, which in turn is producing good sale prices.”

In light of the busy market and in response to customer demand, all Barfoot & Thompson branches will be operating over the summer holiday period, with the exception of statutory holidays.

“Experience tells us that there will be continued interest in the real estate market over this period and our salespeople will be available to meet that need.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>

MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>

Commerce Commission: Invites Feedback On Its Initial Views Of Wellington Airport’s Pricing Decisions

The Commerce Commission is inviting feedback on its initial views, released today, about Wellington Airport’s pricing decisions for specified airport services, such as aircraft parking or airfield and passenger terminal charges, for the period 1 April 2019 to 31 March 2024... More>>

Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>

DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>

Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>