Manu Property Market Report

If you’re familiar with the Tokoroa property market, you’ll know that the “Wai” area has long been a popular place to live.  The history behind the naming of this subdivision can be traced to NZ Forest Products, the town’s pioneering forestry company, who was responsible for the development of many subdivisions in the area. According to the South Waikato District Council’s website, the use of the phrase “Wai” prefix reflects Māori water-related names from across Aotearoa. These include Waipuna, Waimea, Wairakei, Waitara, Waiiti and Wairoa. 40 Wairoa Pl, selling for $445,000 The homes in this area were primarily built in the 1970s and 1980s, a period of significant growth for Tokoroa due to increased operations at the nearby Kinleith Mill. As a result, the “Wai” area was in demand as a place to live and raise a family. The homes were typically single-storey with timber framing and a lot of the houses were clad in fibre cement or even weatherside. Roofs were predominantly gable or hi...