Pretoria East is made up of a collection of both new and established suburbs, offering everything from traditional, leafy streetscapes to modern security estates and a selection of excellent public and private schools.
According to Bertie Lombard, Rawson Property Group franchisee for the area, Pretoria East’s wide-ranging appeal has seen a flood of recent buyers across a number of demographics, including families, young professionals and first-time buyers.
“Our highest demand is for duets and freestanding houses between R1.2 million and R2.5 million, and properties in security estates between R2.5 million and R3.5 million,” he says. “Larger properties with granny flats also sell almost immediately -there are a lot of grandparents moving in with their children to assist with the grandkids.”
Younger buyers and investors are tending towards more compact properties, snapping up sectional title units under R1.5 million.
Lombard also suggests that when the interest rates start to rise again, it will create more balance within the market between buyers and sellers.
There are currently *2 380 new property listings in Pretoria East market, according to Property24 Trends Data, with the average asking price for the area being R1.8 million. The average sale price per erf for 2020 was about R2.1 million, while Section Scheme Units average sale price for the same period is R980 000.
The latest residential listings on Property24 show that three-bedroom homes are most widely available, at an average list price of R1.97 million, while five-plus bedroom home currently in demand are being sold at an average of R4.95 million. Sellers in the area fall within the 36-49 years (32%), while 39% of buyers within 18-35 years - followed by 36% within 30-49 year age group.
Click here to see the latest trend data for Pretoria East
Silver Lakes Golf Estate remains the estate with the highest turnover in sales volumes which qualifies this as one of the highest demand estates in Pretoria in which to live and invest. It also achieves higher capital growth values than its competitors and it’s currently still the highest capital growth estate in Pretoria, according to Juanita Du Plessis, Manager of Estate Living, Pretoria East - Lew Geffen Sotheby’s International Realty.
Entry-level prices begin at an accessible R2.45 million for a three bedroom home on a full-title stand which is an excellent investment for first-time buyers. “However, they rarely come onto the market and we are very fortunate to be marketing just one such a listing at the moment.”
“Property prices generally range between R4 million and R10 million with the highest price being around R22 million. At the top end, the estate attracts diplomats and captains of industry, largely due to the lifestyle and excellent security.
There are also a number of older homes in need of renovation and this creates an opportunity for younger generation buyers to buy into the lifestyle with a secure capital growth investment, knowing they would not easily overcapitalise.
The estates' main attractions include the Peter Matcovich golf course, the clubhouse facilities, the strong sense of community and an exceptional lifestyle all enhanced by excellent security and peace of mind.
Silver Lakes Golf Estate has *49 new listings currently, according to Property4 Trends Data, with the average asking price for the area being R4 370 000. The average sale price per erf for 2020 was about R3.675 million, while Section Scheme Units average sale price for the same period is R2.1 million.
The latest residential listings on Property24 show that four bedroom homes are most widely available, at an average list price of R5.375 million, while five-plus bedroom home currently in demand are being sold at an average of R7.93 million.
Click here to see the latest data for Silver Lakes Golf Estate
The Hills Game Reserve Estate in Pretoria East
"The estate is very popular with young professionals and young families as it offers a lifestyle close to nature, which is complemented by its resident game reserve, natural walkways, clubhouse and gym. The architectural designs include contemporary farmhouse and contemporary glamour, which can accommodate most buyers’ tastes," says Du Plessis.
Entry-level house prices start from around R3.5 million, but most are selling at between R4.5 million and R6 million. For under R3 million, there are apartments, smaller townhouses and plots available.
There are currently *25 new property listings in The Hills Game Reserve Estate market, according to Property24 Trends Data, with the average asking price for the area being R1.92 million.
The latest residential listings on Property24 show that four bedroom homes are most widely available, at an average list price of R4.25 million, while five-plus bedroom home currently in demand are being sold at an average of R5.47 million. Sellers and buyers in the area fall within the 36-49 years age group, at 37% and 48% respectively - followed by 41% within 18-35-year age group.
Click here to see the latest data for The Hills Game Reserve Estate
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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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