PROPERTY MARKETS

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. With every other nearby town more expensive, we have seen an ongoing surge of first home buyers & investors buying in Tokoroa.

Tokoroa once had a reputation as a rough town, but that has changed long ago. The town boasts good employment and statistically Tokoroa is safer than our big cities. There is great cash flow there for investors too as long as you buy right, which is why we provide the service we do.


Days to Sell

24

Median Price

$360,000

12 Mo Price Trend

+26.3%

12 Mo Rent Trend

-$35 p/w (3br)


Last updated: January 2021. Sources: Tenancy services & REINZ.

Tokoroa at a glance

Population 13,220 (2018 census) 
Forecast Population 12,890 (2028) and 11,970 (2038), source Statistics New Zealand
Tertiary Education Waiariki Polytechnic
Te Wananga o Aotearoa
Bus Service Daily to Waikato University
Main Industries Forestry, Farming, Engineering, Rail 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

About Tokoroa

Opportunities exist due to a proactive council along with very affordable land prices. Council is very encouraging and has arranged access to a free Business Support Service, which can access government funding, business mentors and navigate consent processes with ease. There is also a lot of industrial land being developed, which will bring new jobs and new opportunities.

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 and have an inland container port being established.

There are numerous opportunities in Tokoroa and there are many satisfied clients who were very surprised by how much the town had to offer them.

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 poor 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:

  1. 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.
  2. Types of housing: Some investors have been wooed by the appeal of high yields, 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.
  3. Many investors leave money on the table by 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.
  4. 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.

Land Use and Subdivision

Currently, there are very few empty sections in town with several new houses and relocated houses appearing. There is a new subdivision in East Tokoroa with around 20 new homes planned; half have been built and the remainder are on their way as of February 2019. There is another planned subdivision at the South end of town with about 40 sections planned.

  • 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.
  • Existing 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

How to Invest in Tokoroa

iFindProperty is a licensed real estate agency and we cover all of the Tokoroa region. We believe we are the best in the business at helping others buy, or sell, Tokoroa Investment Properties.

  • Premium Buyers Service: For serious buyers only. Engage an iFindProperty expert to secure you a great investment that meets your criteria. Limited spaces available.
  • Property Listings: We advertise Tokoroa listings for sale by email. Join our mailing list for free.
For Vendors

iFindProperty runs a full-service property sales operation. Work with an agent who understands property investment and how to market your property to other investors, in a way that doesn't upset your tenants!

Please contact Louise and Wayne below or enquire through our website.

Our Team

Louise Lee

Licensed Salesperson
REAA 2008

Wayne Dickson

Licensed Salesperson
REAA 2008

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Wow, where has the time gone? We nearly through 2018 and the last 12 months has flown by. A fair bit has changed and I have a snapshot of where we are in the market. The new CVs come out in November and the expectation is for a massive increase compared with the 2015 CV we currently have.

Featured Listings.

71 St Andrews Drive, Tokoroa SOLD! Add Value
$345,000
  • 4 Beds
  • 2 Baths

71 St Andrews Drive, Tokoroa

10 Clyde Street, Tokoroa, 3420 SOLD!
$359,000
  • 4 Beds
  • 2 Baths
  • 809sqm

10 Clyde Street, Tokoroa, 3420