The atmosphere was intense. Bidders were packed into the auction room, fighting to claim the prize they were all there for. As the price inched higher, the auctioneer knew when his hammer went down it would be a stellar sale. The auction item: a luxurious five-bedroom Matipo Heights property with four bathrooms, a pool and an eight-car garage. Journalist Stephanie Arthur-Worsop finds out how much the Rotorua home sold for, how many other homes have sold for more than $1 million since January and what sales like this say about the local housing market.

Boasting five bedrooms, four bathrooms and

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