Adriaan Fourie, owner of the new Aida franchise in town, says his office has achieved a turnover of R10-million in its first three months of operation - and that most of its sales have been in the affordable bracket. "In fact in just one month we sold a total of 23 such properties."Fourie says the housing market in areas such as Tsakane and Geluksdal is piping hot. "And as a new operation, we have made a very quick impact in these areas because one of the major objectives of our 15 agents is to educate potential first-time buyers about the advantages of home ownership and explain the concept of mortgaging.
"Many prospective buyers are still totally unaware that they may qualify for bank loans, sometimes of up to 100 percent."
And property in these areas, as in the rest of Brakpan, offers good value, he says. For R80 000 buyers can still find small two-bedroom homes, while R300 000 will buy a three-bedroom, two-bathroom home with a garage in Tsakane or Geluksdal.
In Brakpan proper, the entry level now hovers around the R450 000 mark while a four-bedroom, two-bathroom family home will cost in the region of R750 000.
Fourie says the market slowed slightly in the wake of the recent interest rate hikes, but that buyers have adapted quickly to higher bond repayments.
"In fact many of them seem to realise that now is a good time to buy property because the market is moving sideways and prices are not growing as fast as in the recent past."
Photo: Homes like this two-bedroom, one-bathroom house are being snapped up for around R250 000 in Tsakane.
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? Click here to sign up for Property24's Week in Review.
Property News
Click here for more property news articles.
Print
