"We believe that the occupants of this address, a man and a woman, were not the intended subjects of this attack.
"It is deeply concerning that the occupants of this address have been put through such an ordeal.
"We want to assure the community that we are treating this incident very seriously and are actively investigating."
A neighbour told the Bay of Plenty Times the occupants of the house looked shaken when he saw them this morning.
He said he had heard noises but had not seen anything.
If anyone in the wider Mount Maunganui area witnessed anything suspicious early this morning they should call Mount Maunganui police on 07 575 3143.
Information can also be given anonymously via Crimestoppers on 0800 555 111.
Police have said there is no link between the home invasion and the recent series of serious gang-related crimes - including three homicides - Waikato police were investigating.