This is a rare opportunity to secure a large waterfront block of land set in a spectacular waterside
location with magnificent river and mountain views and a total land area of approximately 1218 sqm.
A popular and sought after location only 20 minutes approx. to the CBD and ten minutes
The size of Otago is approximately 5.4 square kilometres. It has 2 parks covering nearly 52.9% of total area. The population of Otago in 2011 was 556 people. By 2016 the population was 570 showing a population growth of 2.5% in the area during that time. The predominant age group in Otago is 50-59 years. Households in Otago are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Otago work in a professional occupation. In 2011, 95.3% of the homes in Otago were owner-occupied compared with 92.5% in 2016.
Otago has 272 properties. Over the last 5 years, Houses in Otago have seen a 6.69% increase in median value. As at 31 October 2024:
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