Tokomaru is about 20 minutes south of Palmerston North and has a population of about 550. There’s a dairy, a school and a steam-engine museum. The roads are wide and letterboxes are marked with names, not just numbers. In 2015, Michelle and Paul, the owners of this home, became the town’s newest residents.
Employed by the army, Paul’s career requires relocation every few years, so the couple knew well in advance where they were headed. With enough time on their hands to build in between postings, they bought 3700 square metres of land on the outskirts of town. The private, tree-clad section was home to mosquito colonies, but the crescent-shaped pond in the south-west edge sold it to them.
The bank, however, wasn’t as easily convinced. With local house prices low,…
