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.