Locations > Tokoroa
With rental housing costing about 33% (and climbing) of Auckland incomes, it is no wonder people are choosing to relocate elsewhere. Tokoroa is a market that is affordable and offers great yields. Tokoroa is within 1 hours drive from Hamilton, Tauranga, Rotorua and Taupo, which is why people see Tokoroa as an affordable choice.
Tokoroa once had a reputation as a rough town but that has changed. The town boasts good employment and statistically Tokoroa is safer than our big cities. There is great cashflow there for investors too.
Opportunities exist due to a proactive council along with very affordable land prices. Council is very encouraging and has aranged access to a free Business Support Service, which can access government funding, business mentors and navigate consent processes with ease.
There is a massive medical centre with multiple services offered. This is attached to the Hospital, which has ED facilities plus two wards. We also have numerous social services including Raukawa (local Iwi) who offer a range of services plus TCOSS and SWPIC who both offer a complimentary range of services.
Ten minutes north of Tokoroa there is the largest cheese factory (Fonterra) in the Southern Hemisphere, which has recently undergone a $380 million expansion. Tokoroa is located on state highway 1 and is has a core rail link to Port of Tauranga.
|Tertiary Education||Waiariki Polytechnic
Te Wananga o Aotearoa
Bus Service Daily to Waikato University
|Main Industries||Foresty, Farming, Engineering, HUB of the South Waikato|
|Ports and Rail||Tokoroa Rail Terminal Direct to Tauranga Port|
|Public Transport||The Urban Connector offers a circuit route around Tokoroa township and also makes two return trips each week day from Tokoroa to Tīrau.
Taxis also service the Tokoroa Township
Land Use and Subdividing in Tokoroa*
Currently there are very few empty sections in town with several new houses and relocated houses appearing. There is a new subdivison in East Tokoroa with around 30 new homes planned, 3 built and number 4 on its way as of October 2016.
- New rules allow that to subdivide in Tokoroa, each resulting site must have a net size of 450m2.
- Development fees to subdivide are $3689, not including connection services and any surveyor fees.
- Exisiting residential can have a second dwelling added without subdivision as long as building consents are approved.
*Rules may change at any time, please do your own research when considering a subdivision
The Tokoroa Property Market
Stand-alone homes and units are the standard in Tokoroa and similar to Rotorua, the returns offered in Tokoroa can make the city look like a city of gold to a newcomer property investor. The city is full of great tenants and properties, however there are also a number of problem properties, problem tenants and lack lustre property managers that can make your property investment life a nightmare....and provide a great opportunity to buy well.
Numerous people have relocated to Tokoroa over the last few years due to affordability meaning there is a lack of available housing. This has lifted prices and rents in Tokoroa.
Common mistakes when investing in Tokoroa, according to Wayne Dickson:
- Location: Some unfortunate investors have bought without researching the area and it is a lot harder to fix the location than it is to fix the house! These properties can be difficult to attract and then retain good tenants.
- Types of housing: Some investors have been woooed by the appeal of high yeilds, sometimes with unappealing units with high "potential rents". Knowing the type of housing that works and what choice is available in your chosen area is essential.
- Many investors leave money on the tableby not understanding what they could achieve with their property by making it more appealing to quality tenants, often without spending very much. In a lower-cost area investors can be reluctant to spend money on their properties.
- Site unseen purchases: Some investors have really lost big by buying from an agent who is not local or who works for the vendor. If you are not in Tokoroa and familiar with the market, you need to use someone who is on your side.
Working with a Buyers Agency like iFindProperty is a good way to avoid making mistakes. We have worked for investors new to Tokoroa, many who see the property for the first time after settlement. We have never had an unhappy client and with Wayne's partner Fiona running our preferred Property Management business we plan for long term relationships with our clients.
Tokoroa Current Listings
How to Invest in Tokoroa
iFindProperty is a licensed real estate agency and we offer expert advice and assistance to investors looking to buy and sell in Tokoroa.
- Property Listings: We advertise Tokoroa investment properties for sale by email. Join our mailing list for free.
- Hot Buyers List: If you are ready to buy now get in touch with Wayne Dickson. His hot buyers list is notified about Tokoroa deals first (serious buyers only).
- Buyers Agency: The fastest way to buy a property, we work for you one-on-one to source a property that meets your needs. Register with us today.
- For Vendors: iFindProperty runs a full-service property sales operation. Work direct with the best in the business to get a great result with minimal disruption to your tenants.