Gauteng Property hot spots

Gauteng Property Hot Spots  

'Strong rebound' in top Joburg and Pretoria East suburbs

The SA residential property market, like all property markets, 

is not a homogenous single entity but rather made up of tens of thousands

of different suburbs and areas, each with their own set of nuanced factors

which determine their desirability and affordability.

With this in mind, Dr Andrew Golding, chief executive of the

Pam Golding Property group

 says there have however been some trends and influences

which have become apparent post lockdown,"

which were either not as prevalent pre lockdown or not present at all".

"In demand are appealing suburbs and peripheral areas in metros,

as well as secondary cities and towns traditionally viewed as holiday or retirement

destinations, as buyers are attracted by the more spacious homes and more

 balanced and relaxed lifestyle in these markets.

"Within the sectional title market there is a shift towards larger units,

 as buyers seek more space for dedicated work areas and where possible,

outdoor space.

'Exchanging small apartments for full title properties'

We are seeing sellers exchanging small apartments for larger units as well

as full title properties. Areas such as Killarney, Riviera, Saxonwold,

 Westcliff and Forest Town have

 seen a strong rebound in properties below R2 million.

Add to this, Pam Golding Properties unit sales transactions out of our

 Hyde Park office (including suburbs in Johannesburg North such as Sandton)

are at its highest level in 12 months.

"In Sunninghill we are experiencing a high demand, particularly in the

R2.2 million to R2.5 million price range and especially for

three-bedroom cluster homes.

 The demand is also high in The Parks, Norwood and Paulshof,

and in estate living in Kyalami and Waterfall, among others.

'Affordable Randburg on the rise'

Randburg is home to some of the best middle-class

 neighbourhoods in Gauteng offering a great location and proximity

numerous arterials including the N1, Sandton and Midrand.

Duane Butler, Manager for Seeff Randburg says the areas

 "remains very affordable with a broad range of property types and price points.

 Hotspots include Greenside which offers proximity to Sandton,

 prices rose from R1.8 million on average in 2009 to R3,11m in 2019.

"Linden offers great schools, prices rose from R1,45m in 2009 to R2,975m

 and sectional title rising from R780,000 in 2009 to R2,125m.

Jukskei Park is another great area to invest in,

prices rose from R1,09m in 2009 to R2,05m in 2019.

"Areas such as Weltevreden Park, Allens Nek and Olivedale are currently

 a top choice for young buyers including first-time buyers as they

 offer access to great schools and amenities. You also have easy access

 to the highway and several main arterials. Prices start

 from just R500 000 for sectional title properties making it attractive

for first-time buyers.

'Mondeor and Ormonde popular for families'

Kerrie Oates, manager with Seeff Glenanda says

"both Mondeor and Ormonde form part of the popular

 southern suburbs of Johannesburg, highly sought-after

 for the family houses and great family lifestyle".

The areas offer excellent access to the main N1 that encircles

Johannesburg with easy access to various industrial and business areas

for work purposes.

Mondeor is well-established and offers various schools,

 churches, mosques, a police station, shopping centres and medical centres.

Properties are very accessibly priced, ranging from R800 000 to R3 million.

Ormonde offers even better price points for first-time buyers especially

 with a range of sectional title, freehold and estate living.

Prices range from R600 000 to R1.5 million.

 The suburb is close to all amenities, schools and more.

Both suburbs offer affordable choices whether you are looking to buy or to rent,

close to all routes leading to the city centre.