About Tokoroa
Opportunities exist thanks 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. At the south end of Tokoroa there
is a new Milk Powder plant and several other businesses setting up on this valuable land. In addition, there is another business park
currently being developed.
There is a massive medical centre with multiple services offered. This is attached to the Hospital and takes up two wards, then there is the
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 has a core rail link to Port of Tauranga - with an inland container port
being established.
There are numerous opportunities in Tokoroa and many satisfied clients 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 town has plenty 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... OR provide a
great opportunity to buy well. Using trusted experts will lower your risk and maximize your potential.
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.
There are currently two lifestyle block subdivisions being developed, and another large subdivision block of 150+ homes is in the
early stages of development at the south end of the town.
Common mistakes when investing in Tokoroa, according to Wayne Dickson:
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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.
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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.
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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.
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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.
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