ABSOLUTE WATERFRONT TO HIGH TIDE
This is indeed a rare opportunity to secure waterfront land in a semi rural, sought after enclave, a mere 12 km to the CBD of Hobart.
This 1654 sqm parcel of land from Otago Bay Road to the high tide mark of the Derwent River is seeking a new owner to capitalise on the stunning vista and build their dream home.
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 271 properties. Over the last 5 years, Houses in Otago have seen a 58.37% increase in median value. As at 31 January 2025:
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