The current state of the housing market in South Africa remains a buyer’s dream. As first-time home owners look to capitalise on the market conditions, larger families looking for upgrade properties are also making the most of the favourable conditions.
As a result, three and four bedroom homes in the R2 million to R4 million price bracket are becoming more sought-after and selling quickly – especially in Alberton, according to industry experts.
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"Most of our buyers are looking for large properties because of the number of kids or family, and they are buying three to four bedroom freehold properties with large stands,” says Keba Ngobeni, sales associate for RE/MAX All Stars.
"The popular areas for freehold houses in Alberton will be Brackenhurst, Randhart, Meyersdal, Raceview and Alberante. If you travel towards the South of Johannesburg you are looking at Mulbarton, Glenvista and Bassonia. More to the East you will find properties in Lambton and Parkhill Gardens."
These areas offer good schools, great location and well-priced properties in the popular R2 million and R3 million price range. Nadia Aucamp, Broker Manager for Remax All Stars for Alberton says in this price range you will also find properties that are newly-renovated and ready to move in.
“There are also a lot of properties with second dwellings, for example flatlets or cottages.
Aucamp says buyers are finding good value with Alberton's larger homes saying the area's "amenities are also a very strong drawcard".
There are currently *1 044 new property listings in Alberton market, according to Property24 Trends Data, with the average sale price for the area being R800 000, compared to the average asking price of R1.350m. The average sale price for erf and sectional title units for 2020 respectively was about R800 000.
Click here to see all the latest trend data for Alberton
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*Property24 Listings Data Disclaimer: The trends detailed in this article are based on Property24 listings, current at the time of publishing, and property transfer data supplied by Deeds offices, which typically take 3-4 months to reflect. Suburbs are listed according to Property24's geographical database. In some areas this will include both commercial and residential properties. The age demographic data of buyers, sellers and stable owners is determined over a six-month period. These Property Values should not be used as a substitute for independent professional advice and is subject to Property24.com Terms and Conditions.
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