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