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February 6, 2020

6 Neighbourhoods To Invest In

What’s one of the most important aspects of property investment? Location, location, location. If you’re investing in property, you need to be really in tune with what a potential buyer would want.

Ideally, the ‘perfect’ neighbourhood would include a good school district, emphasis on safety, an array of amenities, and within a good distance to the business district – close enough so that travelling to work will never become an issue.

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Unicorn of neighbourhoods

Do neighbourhoods like this exist and will investors have to compromise? No. You’re spoilt for choice when it comes to property investment in South Africa. Tick all of your boxes with these ‘property hotspots’.

Western Cape

Western Cape

The Western Cape region is known for its exquisite fauna and flora, and seaside splendour. You can get the best of both worlds in this province. There are the suburbs for those who prefer a quiet lifestyle, the City Bowl if you like the hub of the city centre or seaside towns if you prefer vacation-living.

These are the top towns in the Western Cape that are great for investment:

“…recent buyers in the area were all aged 36-49 years old.”

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Rondebosch

The Southern Suburbs offers residents large plots with spacious living areas. Rondebosch is one such neighbourhood and that’s why it’s popular amongst young families and even young professionals.

The area is located in close proximity to the City Bowl. A quick taxi, bus ride, or train will take you to the city centre. You’re close to great amenities, shopping centres, and restaurants.

According to Property24, recent buyers in the area were all aged 36-49 years old. Last month, there were 368 houses on the market, the majority of these houses were two-bedroom homes. So, what can you expect to pay for a two-bedroom house in Rondebosch? An average of R2.5 million.

“Last month, there were 238 houses on the market…”

Muizenberg

Surfs up! Beach culture is the order of the day when you reside in Muizenberg. Although a bit distant from the city centre, those who reside in this area often seek to escape the fast-paced life of the city. Surfer’s Corner is a popular spot amongst surfers and beachgoers. It’s also in close proximity to shopping centres and cosy restaurants and bars.

Last month, there were 238 houses on the market, the majority of these were three-bedroom homes. The average price of a three-bedroom home is R1.8 million. To further prove that young professionals have been gearing away from the city centre, recent buyers in the area have been aged between 18-35 years old.

Gauteng

Gauteng

Gauteng is quite a diverse province that offers residents the opportunity to be exposed to an eclectic culture while providing the best work opportunities. So, which areas in the province should you invest in?

Randburg

There’s been quite a demand for property in Randburg, especially those that border Sandton. Randburg is an area that suits all lifestyles. From the cafés in Parkhurst and Greenside to the Lion Park and the Cradle of Humankind, there are activities for everyone.

Last month, there were over 5200 houses on the market. The majority of these houses were two-bedroom homes, which has the average asking price of R963 000. Recent buyers in the area were aged between 36 – 49 years old.

Kibler Park

Located 15 minutes from the Johannesburg CBD, Kibler Park has become a top ‘property hotspot’. For those who bought houses five years ago, experts agree that the home values have now increased.

There were 75 houses on the market last month, the majority of these were three-bedroom homes. The average list price is R1.6 million. Recent buyers in the area were aged 36-49 years old.

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KwaZulu-Natal

KwaZulu-Natal

With warm beaches and surrounded by the Drakensberg mountains, KwaZulu-Natal is another coastal province that offers residents the chance to unwind. As far as property investment goes, these are the areas that provide great opportunities:

Amanzimtoti

Translated from isiZulu, Amanzimtoti means the “water is sweet’. If you believe the residents, the will definitely agree – living in the area is pretty sweet. The big attraction of this neighbourhood is the slow-paced living. From swimming to fishing, this is the perfect place to relax.

Last month, there were over 2000 houses on the market. The majority of these were three-bedroom homes, that had the average sale price of R1.4 million. Recent buyers in the area were aged 36 – 49 years old.

Ballito Bay

With upmarket restaurants, a variety of shopping centres, and fast-growing estates; Ballito Bay is becoming an area that is popular amongst young families and professionals. With a relaxed coastal lifestyle, residents have the chance to get some retail therapy, attend private schools with the best security.

Last month, there were over 6000 houses on the market. The majority of these homes were three-bedroom houses, that had the average sale price of R3.9 million. Recent buyers in the area were aged between 36-49 years old.

Where will you invest?

These neighbourhoods are just the tip of the iceberg when it comes to property investment opportunities. We’re in a buyer’s market, which means there are plenty of opportunities for you when it comes to building a profitable property portfolio.

We’re ready to help you. Join us at our free property investment seminar, where our experts will provide you with a guide on the best areas to invest in.

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