Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.
Property for sale: Houses for sale: Property24
List Privately

Brakpan market performing strongly

28 Aug 2007
Sections of the Brakpan property market are vastly outperforming the national average growth in house prices, having chalked up increases of up to 30% over the past year.

The highest growth has been recorded in areas such as Tsakane, Geluksdal and KwaThema, says Adriaan Fourie of the Aida Brakpan franchise. "The market in these areas was largely overlooked in the past by the bigger property groups, yet there is a great need among local consumers for professional property services.

"We acquired the Aida franchise including these areas about a year ago and immediately spotted the potential. We have since deployed four trained agents in these areas with one of their main objectives being to help first-time buyers gain a foothold in the market and to educate them in property matters."

Fourie says many new buyers here were renting property and were unaware they could qualify for home loans. But within a year, prices of basic one-bedroom homes with a kitchen, bathroom and lounge on small stands of between 200sq m and 300sq m have grown from about R60k to the current R100k.

Meanwhile newer homes – those built in the past five years – are often bigger and represent excellent value. Top prices reach around R500k, which will buy a four-bedroom, two-bathroom home with a double garage.

Fourie adds that speculators are playing an important role in upgrading property in these areas. "They are targeting homes that are sold in execution and sprucing them up before placing them back on the market."

At the same time, property in Brakpan proper is enjoying a revival. Buyers from as far as Johannesburg and Pretoria are attracted by prices of basic three-bedroom family homes as low as R600k. Many of the new residents commute to jobs in the cities.

For more information contact 011 740 0805.

Readers' Comments
Have a comment or question about this article? Tell us about it..

Get up-to-date property news
Would you like to receive free weekly news and information about property in South Africa? Sign up now for Property24's Week in Review.

Property News
Click here for more property news articles.

Need a blog?
Start your own blog with a free blog from 24.com.

Print Print
Top Articles
Biggest deal breakers for homebuyers
While many buyers are willing to compromise on certain features, there are key deal breakers that can turn a once-promising property into a hard pass.
What should buyers know about title deeds and property transfers
Understanding title deeds and the transfer process is key when buying property. The title deed is the official legal document proving ownership, and the transfer of property is officially completed once it is registered with the Deeds Office.
Property investment on a budget
For many aspiring investors, the biggest hurdle to entering the property market is securing the capital needed for a deposit and financing costs. However, there are several strategies that first-time investors can use to get started with limited capital. 
More property articles...

Latest properties for sale in South Africa

Property for sale in Gauteng
Property for sale in Western Cape
Property for sale in KwaZulu Natal
Rest of South Africa
Copyright © 2025 Property24
Download the App
Loading