Revealed: Gauteng property hotspots for buyers and investors

Well-located urban properties, from that convenient city pad to the family townhouse or the coveted buy-to-let property, can provide buyers with great investment returns over the long term.

Inspired by modern-day Boston architecture with an industrial spin, this four bedroom en-suite home in Waterfall Country Estate in Midrand is on the market for R11.85 million

This is according to Linda Erasmus, CEO of Fine & Country Sub-Saharan Africa, who says city living is all about convenience and having a good selection of amenities at your fingertips to enhance the fast pace of life in the bustling metropolis.

“Johannesburg is a wonderful city that provides property buyers with such a wide selection from which to choose. From equestrian, golf and other lifestyle estates with all amenities within their walls, to sectional title apartments ideal for first-time buyers, family homes, executive penthouses and luxury properties, this city really has it all.”

Three key areas in Johannesburg’s suburbia where buyers can benefit from property investment include Midrand, Sandton and Alberton.

Midrand

This six bedroom, seven bathroom luxury home in Waterfall Equestrian Estate is built over three floors and has a glass elevator, study, 15m pool, terraced lawn area and more. It is selling for R49 million

Elizabeth McKenzie, Licensee of Fine & Country Midrand, says it’s no secret that Midrand has enjoyed exponential growth in the last two decades and continues on the upward trajectory, defying the Gauteng market which has flatlined over the past year.

“I have lived in Midrand for 32 years and witnessed this exciting growth first hand. With a population of 87 000 (2011 Census) and a diverse demographic underpinned by the ongoing rapid commercial growth, Midrand remains an attractive area in which to invest. The Waterfall Precinct has added to this with investors capitalising on the high rental demand and achieving above average rental price per square metre,” she says.

This spacious four bedroom, four bathroom home in Waterfall Country Village has a study and four reception rooms. It is on the market for R6.5 million

Talking about price points, McKenzie notes that within the Waterfall Precinct, entry-level homes start at R5 million, while mid-level homes are priced between R6 million and R8 million, with the top-end homes priced upwards to R55 million and more.

“With the diverse spectrum of properties in this area, which range from large agricultural equestrian properties to luxury lifestyle estate living and stylish apartments, Midrand draws a cross-section of buyers,” says McKenzie. She adds that over the years, the increase of amenities and a profusion of schools accommodate most potential buyers’ requirements. Naturally, the secure lifestyle estates demand a premium price per square metre.

This two bedroom, two bathroom loft apartment in Barbeque Downs in Midrand has a carport and is in a complex with children’s play area. It is selling for R1.2 million

“While there is a significant demand for secure lifestyle estates within the Midrand area, sectional title developments retain a significant share of this property market with a staggering 500% increase in sectional title properties developed in Midrand since 2000. All of these sectional title homes have been developed within secure, gated communities. This is indicative of a healthy long-term outlook for Midrand, which holds appeal for young, first-time buyers who will upscale long-term and hopefully keep the cycle moving.”

In Midrand, McKenzie says that the notable increase in executive office parks, an expanding Waterfall Mall and additional upmarket retail shopping centres drive a positive sentiment of an ever-growing urban city.

Sandton

This state-of-the-art home in Woodmead, Sandton, has five en-suite bedrooms, a cinema room, pool, jacuzzi deck and two bedroom en-suite flatlet. It is on the market for R17.95 million

Mark Mitchley, MD of Fine & Country Sandton, says urban residences in his office’s area of operation are good investment options as they are close to the Sandton CBD and a number of good schools, both private and government. “Prices in our areas have traditionally performed well when compared to other areas in the country,” he says.

Buyers looking to purchase a property within the greater Sandton area can expect to pay around R1 million for an entry-level townhouse or apartment, between R3 million and R8 million for a cluster home or freestanding full title property, while top-end homes will set you back somewhere between R10 million and R50 million.

This four bedroom, three bathroom home in Sandton Central has been renovated, and has a pool and separate double-storey cottage. It is on the market for R6.5 million

Mitchley says entry- and mid-level homes are currently showing the most movement within the regions of greater Sandton and the northern suburbs of Johannesburg.

Secure developments, both sectional title units and full title cluster homes, or homes in a guarded boomed area, are the most in demand while buyers tend to be professionals and two-income households, due to the proximity to the Sandton CBD, according to Mitchley. “Buyers within our areas of operation place great importance on security and proximity to good schools and the Sandton CBD.”

This one bedroom, one bathroom 84sqm loft apartment in Bryanston is in a complex with a pool, clubhouse and tennis court. It is selling for R1.19 million

Talking about trends in the greater Sandton area, Mitchley says that while there are a number of properties on offer, only the correctly priced properties are selling. “Overpriced properties stay on the market until sellers eventually get their pricing in line with the market,” he says.

Alberton

This three bedroom en-suite home on a large stand in Meyersdal Eco Estate, Alberton, has a large enclosed entertainment patio leading to the garden, pool and pergola area. It is on the market for R8.77 million

Greg Demetriou, Licensee of Fine & Country Alberton, says properties within the Alberton area are a good investment option due to the value for money they offer, as well as the fact that the area is well established.

In Alberton and surrounds, entry-level homes are priced at around R1.4 million, while mid-level homes sell for approximately R2.2 million and the upper-end homes in the area have price tags from R3.5 million upwards.

This three bedroom, two-and-a-half bathroom home in Aspen Hills Nature Estate in Johannesburg South has a study, open-plan lounge with fireplace, covered entertainment patio with built-in braai and pool. It is on the market for R3.425 million

“Mid-level homes that are priced between R2.2 million and R3 million are currently seeing the most movement in our property market, with buyers in the area typically young families between 35 and 40 years old. Security is the one factor that our buyers place utmost importance on,” says Demetriou.

Finally

“While these three Johannesburg suburbs have vastly different pricing and appeal, they all represent good investment options for those looking to buy property within the City of Gold,” says Erasmus.

 

Source: www.property24.com/articles/revealed-gauteng-property-hotspots-for-buyers-and-investors/27487?utm_source=newsletter&utm_medium=email&utm_campaign=weekly_newsletter