Pompa Realty Logo
These are SA's 'hero suburbs' and property investment hotspots

These are SA's 'hero suburbs' and property investment hotspots

These are SA's 'hero suburbs' and property investment hotspots

23 Oct 2019
 
 

Despite the ups and downs that have characterised the property market over the past decade and the fact that the country has been facing some serious economic challenges, property investment in these 'hero suburbs' has proved to be a good decision, regardless.

This home in Juskei Park, Randburg, has four bedrooms, two bathrooms, spacious pool room with bar and patio. It is selling for R2.5 million - click here to view.

While security estates have certainly become extremely popular, there are also still many traditional residential suburbs that have "stood the test of time" despite external factors like the economy.

Gauteng
 

1. Edenvale and Bedfordview

Dunvegan

Dunvegan is family suburb located in a boomed enclave between Bedfordview and Senderwood that has well-maintained parks, a highly rated government primary school, several nursery schools and borders on the Glendower Golf Course.

This four bedroom, three bathroom home in Dungevan, Edenvale, offers an outside entertainment area with undercover patio and pool. It is selling for R3.75 million - click here to view.

It is also close to excellent private schools such as St Benedict's, St Andrews and Holy Rosary, and within easy travelling distance of Jeppe Girls and Boys and King Edward VII School.

Prices have held up well in a challenging marketplace and homes fetch between R2 million and R7 million.

Predictions: Dunvegan will continue to be popular with young professional families looking for a nurturing environment to bring up their children.

2. Randburg

Jukskei Park

Jukskei Park is neighboured by Olivedale and Douglasdale and is for the most part an upper-middle-class suburb, but with more affordable prices than Sandton.

This home in Jukskei Park, Randburg, offers four bedrooms, three bathrooms and sparkling pool. It is on the market for R4 million - click here to view.

The area has a favourable location close to The Dome, Northgate, Fourways and Montecasino and also offers relatively easy access to Sandton. Also, it is close to Muldersdrift and the Unesco World Heritage site of the Cradle of Humankind.

The average freehold property is priced just under R2 million, making it an affordable option for a big property on a large stand.

Predictions: "We predict the home prices to rise like they have done in the past decade. With the opening of Fourways Super Mall this trend will continue and even surpass the current annual increases enjoyed by Jukskei Park.

3. Centurion

The Reeds

Since 2012, sales prices in the area for full title properties have increased by 48% and by 20% for sectional title properties. The Reeds is close the highway with easy access to Johannesburg, Pretoria and good schools.

This two bedroom apartment in The Reeds, Centurion, offers access to a communal pool. It is selling for R799 000 - click here to view.

Average house prices are about R1.3 million to R1.6 million while sectional title units start from R650 000 for a two bedroom unit. Three bedroom units start from R950 000.

Predictions: The Reeds will remain popular and the average sales price will increase slightly above current national averages.

4. Pretoria East

Lynnwood

Lynnwood is in close proximity to the highway, shopping malls, top schools and the University of Pretoria. The suburb offers big houses on large stands as well as sectional title complexes that also make it ideal for students and young professionals.

This four bedroom, three-and-a-half bathroom home in Lynnwood, Pretoria, has an undercover patio with a sparkling pool, bar, balconies and views. It is on the market for R3.95 million

The average freestanding home is priced between R3.5 million and R4 million and sectional title is priced between R1.4 million and R1.6 million.

Predictions: "While Lynnwood will always be in demand, the higher prices keep many buyers from buying at the moment, so we may see a decline in the number of sold properties. There are many new developments coming into Lynnwood and developers are seeing lots of potential in the large stands and erven that the area offers,"

KwaZulu-Natal
 

1. Richards Bay

Meer En See

Meer En See is historically located at the high end of the Richards Bay market, and close to beaches and amenities. It continues to attract families, young and old, and has seen the development of shopping centres, schools and secure complexes. Many employees of the larger industries in Richards Bay continue to seek homes here and proximity to the Golf Estate adds some prestige to the suburb.

This home in Meer En See, Richards Bay, has four bedroom, two bathrooms, spacious indoor/outdoor entertainment areas and a pool. It is selling for R3.3 million - 

Sectional title property costs around R780 000 for a two bedroom unit in a secure complex and freehold homes are at around R1.62 million for a three bedroom home with a double garage and a pool.

Predictions: There have been a few projects touted that will result in this remaining Richards Bay's most sought-after suburb. There is a convention centre as well as a hotel and retail shopping centre precinct on the cards, and also another development in the pipeline for the Waterfront. As people "move up", they would like to settle in Meer En See.

2. Upper Highway

Kloof

This established area in Durban's Upper Highway is home to large erven and older traditional homes. Even though many have been upgraded or altered through the years, they have not lost their charm.

This four bedroom, two bathroom home in Gillitts, Kloof, offers a pool and large lush garden. It is on the market for R1.9 million

Younger buyers prefer freehold properties in Kloof as they would rather create their own security as opposed to following a body corporate's rules in sectional title. Homes here also have large enough erven to accommodate parents in granny flatlets - another reason why it is being favoured by younger buyers.

Prices: R1.5 million to R2.45 million. Approximately 232 units are sold per annum.

Predictions: The suburb will continue to be one of the top contenders for "value for money". Although it still has a 'farm and traditional' feel, Kloof is a vibey village hosting many of KZN's private schooling. Not only will Kloof continue to attract younger buyers, but also those who wish to send their children to one of the top schools.

3. North Coast

Willard Beach (Central Ballito)   

This area has many well-established sectional title properties that are over 40 years old and offer excellent value with regards to prime location and affordability. Units here are ideal, both for investment purposes and permanent properties, and are within walking distance to the shops and beaches. Older units offer the opportunity to be revamped/modernised, which will add further growth value to the capital invested.

This newly-built four bedroom, three bathroom home in Willard Beach, Ballito, offers a sea-facing pool, patio and is close to amenities. It is one of the expensive homes selling for R8.95 million

Prices: R1.5 million to R2.5 million.

Predictions: The flow of semigration is ongoing on the North Coast and older sectional title units will become even more sought after during the next five years due to the limited number that will be available. These properties offer a desirable 'rentability factor' - for short-term and long-term letting, making them ideal investments.

4. Umhlanga

Umhlanga Rocks

Umhlanga Rocks has become one of the most sought-after residential areas in South Africa. It is also an international holiday destination attracting thousands of holidaymakers ensuring a bustling rental market. The area is home to many luxury hotels, golden beaches, shopping centres, restaurants, schools and private hospitals.

This two bedroom, two bathroom apartment in Umhlanga Rocks, KwaZulu-Natal, is close many amenities. It is on the market for R2.5 million

Prices: R4.5 million up to R25 million for freehold and from R2.3 million to R60 million for sectional title.

Predictions: A general property price growth of 4.1 to 4.7% annually and a higher growth price in the sectional title sector and security estates.

5. Amanzimtoti

Athlone Park

Athlone Park is the first suburb as you enter Amanzimtoti. For this reason it is especially popular with people working in Durban and prospection industrial areas, as it is an easy drive to and from work. The suburb also offers some of the best schools in Amanzimtoti. Most of the homes on the sea side of Athlone Park also have sea views adding to the suburb's allure.

This twelve bedroom, ten bathroom home in Athlone Park, Amanzimntoti, offers a bar, lush gardens and is close to amenities. It is selling for R6.995 million

Prices: The suburb has two distinct price brackets - on the sea side of the freeway average property can sell at anything between R1.5 million to R7 million and inland from the freeway properties fetch from around R11 million to R14.5 million. Sectional title selling price is about R12 million for flats and about R14 million to R20 million for townhouses.

Predictions: Some developments that will especially appeal to young professionals are in the pipeline. The area will continue to grow as young professional families are revamping older homes.

The Cape
 

1. Sun Valley (False Bay)

It is an up-and-coming area for young families as it is close to schools. Residents have easy access to beautiful beaches in the area as well as a host of retail facilities.

Price: Accessibly priced with average prices between R1.85 million to R2 million, depending on the property.

Predictions: A suburb to watch for the future as older homes are being remodelled and more people are looking for the laid-back 'country' lifestyle that you can find here.

2. Camps Bay (Atlantic Seaboard)

The best beach suburb in the country with a fabulous café-lined promenade and sandy white beach. It attracts buyers of all ages from all over the world, from Johannesburg to Germany. Ideal for holiday and residential rentals and for families given the access to top schools such as Camps Bay Prep, Junior and High Schools, Reddam House, Herzlia and St Cyprians.

This three bedroom, three-and-a-half bathroom home in Camps Bay, Cape Town, has a large terrace with plunge pool and is close to the beach and amenities. It is on the market for R23.5 million - click here to view.

Price: Priced from around R6 million to R60 million (but can go much higher). Property values have doubled in the last 5 to 10 years and the suburb is an excellent investment.

Predictions: There is no stopping this still evolving suburb where older homes are remodelled or demolished and rebuilt or sub-divided into two. It has been one of the best performing suburbs over the last 5 to10 years.

3. City centre (Cape Town CBD)

Fast becoming a hub of financial and legal firms along with many other businesses including creatives, the Cape Town city centre offers a high density of apartments and a cosmopolitan lock-up and go lifestyle, where you can walk to almost everywhere. It is close to the Waterfront, Convention Centre, beaches and attractions of the Atlantic Seaboard.

This two bedroom, two bathroom apartment in Cape Town city centre, Western Cape, offers access to a communal roof top pool and is within a walking distance to restaurants. It is selling for R1 999 999 million

Prices range from around R1.5 million to R3.5 million on average

Predictions: The city centre will continue to attract high demand and values will continue rising given the limited land space. It offers a mix of residential and rental investment opportunities.

4. Rondebosch (Southern Suburbs)

Located in the heart of the Southern Suburbs and home to the highest concentration of top schools including Bishops, Rondebosch High, Rustenburg and more, as well as being close to the University of Cape Town (UCT). Popular for student rentals and especially for family buyers. Aside from local amenities, you are also close to the Claremont CBD and Cavendish Square as well as the CBD, Waterfront and Atlantic Seaboard beaches. Homes are bigger and often have larger grounds with a swimming pool.

This one bedroom apartment in Rondebosch, Cape Town, has a balcony with mountain views and is close to UCT. It is on the market for R1.65 million 

Price: Priced from around R4 million to R14 million (but can go higher for a top property).

Predictions: Family houses remain in demand despite a challenging year.

5. Somerset West

Close to the Cape Town International Airport and home to two of the oldest wine estates, Lourensford and Vergelegen. The self-contained village has everything you need including top schools, a regional mall and wine estates. It also offers a number of secure complexes and estates and is especially family-friendly as it offers a "wholesome" environment to raise children.

This home in La Concorde, Somerset West, offers four bedrooms, three bathrooms, a study, pool and mountain views. It is on the market for R7.49 million

It is popular with semigration buyers from Johannesburg and also attracts Germans and other Northern European buyers.

Price: There is something for everyone. Affordable properties start at around R2 million and estate houses range from around R4 million to R24 million.

Predictions: Somerset West has withstood the test of time, it is a hidden jewel in the Winelands/Helderberg area and offers the ideal country lifestyle, yet is close to Cape Town metro.

29 Oct 2019
Author Property 24
Share
71 of 172