We’ve had a strong start to the year, recently handing over a new build to an investor here in Rotorua. The tenants moved in the following week and are already enjoying their new, warm home, which is great to see.
As part of the handover, the client received a complimentary Healthy Homes report and meth test through Active Testing Solutions. All documentation, warranties, and key information have also been uploaded to their own Gtee warranty platform, ensuring everything is securely stored and easily accessible.
One thing we’ve started recommending to clients is completing a meth test prior to tenant move-in even for brand new build-to-rent properties. While it may seem unnecessary, it establishes a baseline, which can be very valuable if any issues arise in the future.
We did experience a delay on another investor build due to issues with the local power lines company. The application for a new connection was submitted in February 2025, with confirmation only recently received for installation in early June. Unfortunately, when dealing with large providers, timelines can be outside of our control. That said, we were able to complete construction using temporary power from the owners front dwelling, and the property will be ready to rent as soon as the connection is completed.
Looking ahead, we’re preparing to begin a three-home build-to-rent development on the eastern side of Rotorua. The project consists of two 2-bedroom homes and one 3-bedroom home on a large 1,100m² site, designed with low-maintenance brick and tile construction to appeal to older tenants and downsizers.
This project was delayed slightly, but for a positive reason. After discussions with a neighbouring property owner, we uncovered an opportunity to revisit the geotechnical design. By engaging an alternative engineer, we’re now expecting to save the client approximately $60,000–$70,000 in earthworks costs highlighting the value of due diligence and local insight.
From a broader perspective, we’re looking forward to seeing some stability return to material and trade pricing, along with some relief in diesel costs. While these factors can impact project feasibility in the short term, most of the investors we work with take a long-term view typically 10 to 15 years and remain focused on the fundamentals.
Despite market fluctuations, a well-executed build, quality tenants, and a clear investment strategy continue to be the key drivers for long-term success and financial security.
If you’d like to discuss any upcoming projects or opportunities, feel free to get in touch always happy to have a chat.
