Waterfront home sells for $2.2m
and a long clear line of sight tend to be valuable everywhere,” he said.
However, Vaughan said there was limited housing stock that fitted that criteria, which led to higher prices.
“Architecture and design is almost secondary to that, with position more important to the upper end of the market than the actual house.”
Vaughan said development potential was the other factor driving higher prices.
“The ability to put up several townhouses or an apartment block on a site that currently houses just one home would increase that property’s value.”
Acacia Rd Houses on Acacia Rd, State Highway 30 and Mokoia Rd were in the top five of the most expensive homes sold in Rotorua and all were waterfront properties. State Highway 30 Mokoia Rd