Kuilsriver is drawing a wide range of homebuyers thanks to affordability and sound infrastructure.
It is one of the fastest growing residential nodes in the Western Cape and it is particularly in the lower price ranges that business is humming, says Ronelle Venter, owner of the RealNet Kuilsriver franchise.
She says buyers who are upgrading from areas such as Eersterivier are targeting homes in areas such as Highbury, Highbury Park and Sarepta, where they find good value at prices between R400 000 to R600 000 for two or three bedroom homes.
Parents and investors are also active in the lower price ranges, since units suitable for student accommodation are cheaper than in Stellenbosch. The road to the N2 highway and Stellenbosch allows easier access and cuts commuting time and is expected to contribute to growing activity in this market, she says.
At the same time, areas such as as Soneike, Annandale and Amandelrug are also popular choices because they offer easy access to the N1 highway.
Demand in the middle of the market, where prices range between R600 000 and R1.3 million, is consistent and many buyers are young professionals or families attracted by the established schools, including two schools for children with special needs, namely Jan Kriel and Alta du Toit.
Venter says the luxury market is in no way declining, although properties take longer to sell. Homes in upmarket areas such as Haasendal, Deo Gracia, Zevendal and Klein Zevenwacht are being sold at prices of up to R5 million. Klein Zevenwacht is sought-after by the equestrian set thanks to the Cape Equestrian Academy on the premises.
Kuilsriver is also expected to round out its residential offering with a new retirement village that has a frail care centre being planned in Zevenwacht, she says.
Venter says Kuilsriver is experiencing fast growth and two recent developments near the Zevenwacht Mall, with units in the R800 000 to R1 million range, are popular additions to the residential offering of the area.