Description

Dairy is booming, Hamilton is one of the fastest growing cities in New Zealand, and the Ruakura inland port means strong job growth in the region.

There are many reasons why rental yields in Hamilton tend to be low, with a strong economy and population growth at the top of the list.

This is why we are excited to share a brand-new, dual-income property in a well-established subdivision of the nearby satellite town of Morrinsville. No longer quiet and small, new homes, subdivisions, and schools have grown the town, which is humming with activity from the surrounding farming industry.

On offer is a quality 3-bedroom, 2-bathroom main home plus an additional 2-bedroom, 1-bathroom minor dwelling, each with modern open-plan living and internal access garaging. With two legally separately rentable dwellings, investors will benefit from the dual income streams, for a similar price as an equivalent sized executive home.

Built with low-maintenance materials and covered by a 10-year Master Build Guarantee, this is a turn-key investment built to last and exceptionally located for strong rental demand and minimal maintenance. The property boasts fire-rated intertenancy walls, double-glazed aluminium joinery throughout, brick + weatherboard cladding, modern open-plan living, high-quality finishes, and seamless indoor outdoor flow. The near executive-level fit out will boast brands such as Kleenstone, Bosch and Fujitsu.

The numbers:

• 3-bed home: $670 – $720 per week
• 2-bed minor dwelling: $560 – $615 per week
• Combined: $1,255 – $1,335 per week
• Gross yield: Appraised 5.8% – 6.3% (based on $1.1M purchase price)

Morrinsville is in the farming heart of the Waikato, with easy access to Tauranga (60 mins), Hamilton (30 mins), and there is strong local employment nearby. Fonterra, Tatua Dairy, Power Farming, Ingham’s Chicken, plus the nearby Ruakura Superhub (10,000+ jobs planned). This will result in high rental demand from families and professionals. The immediate area has a great community, with schools, childcare, shops, and parks nearby.

Why Investors Will Love It:

• Dual-income = reduced vacancy risk & boosted cashflow
• High rental demand from families & professionals
• Excellent yields + future growth in a connected Waikato location
• Trusted and reputable builder, with over 100 builds under their belt

With a timeline of 6 months to completion, whether you are expanding your portfolio or looking for easy, strong yield with great capital growth potential, this opportunity is ready to perform.

Contact Ben today at ben.meehan@ifindproperty.co.nz for more information.