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CoreLogic: Okere Falls Rotorua s priciest suburb
4 Apr, 2021 07:00 PM
6 minutes to read
Okere Falls is Rotorua s priciest suburb, a new report says. Photo / Andrew Warner
Okere Falls is Rotorua s priciest suburb in terms of median property value, according to a new report. But while the area was a jewel in Rotorua s crown , news it is the city s most expensive suburb has surprised some who say there are other higher-value lakeside suburbs.
While a property expert says it s part of a new market trend where people were discovering previously undiscovered areas.
CoreLogic s Mapping the Market report showed median property values in Okere Falls had climbed the highest of Rotorua s suburbs year-on-year to reach $936,950.