In challenging market conditions, Randburg has become a popular destination for both home and investment buyers for a number of reasons, not least because most of its suburbs offer excellent value and the market here has consistently performed and held its own in a tough economic climate.
Stunning townhouse in Blackheath, Randburg selling for R1.750 million
Experience the epitome of opulent living in this awe-inspiring three-story townhouse, exquisitely adorned with premium finishes that elevate the concept of luxury. Nestled in a meticulously maintained complex.
The immaculate unit beckons you through an elegant entrance hall into a generously proportioned, beautifully tiled lounge that seamlessly extends to a balcony. Spacious formal lounge, opening onto covered patio with built-in braai overlooking the private garden with irrigation system and water feature.
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“Right now, when Gauteng’s market is more subdued than it’s been in many years, Randburg offers the whole trifecta – value for money, investment potential and lifestyle,” says Cobus Odendaal, CEO of Lew Geffen Sotheby’s International Realty in Randburg and Johannesburg.
“In recent years, Randburg become increasingly attractive to first time buyers looking to get a foot on the property ladder, but savvy investors are realising that the area has very diverse housing options to suit all pockets.
“Whether you're a first-time homebuyer, upgrading to a larger property, downgrading as empty-nesters or seeking an investment opportunity, Randburg's diverse housing market caters to all needs, life stages and lifestyles.
Odendaal says that Randburg also presents compelling investment opportunities for property buyers seeking capital appreciation and rental income.
“There is currently strong rental demand in Randburg because the area's proximity to major business hubs, including Sandton and Rosebank, makes it an attractive location for professionals and expatriates looking for convenient housing options.
“Additionally, Randburg's growing popularity and development initiatives contribute to the area's long-term investment potential, with property values expected to appreciate over time.”
Architecturally designed home in Robin Hills on the market for R3 million
He adds that Randburg also benefits from robust infrastructure and ongoing development projects aimed at enhancing connectivity and improving amenities.
“Infrastructure upgrades, such as road expansions, public transportation improvements, and urban renewal initiatives, contribute to Randburg's appeal as a desirable residential and investment destination.
“And the area's development potential and government investment in infrastructure further support its growth trajectory and attractiveness to buyers.”
Odendaal says that there are three suburbs, in particular, which offer excellent options for home buyers and investors as well those looking for a renovation project, although diamonds in the rough are becoming very scarce.
A 4 bedroom home in Linden, with 2 cottages on the market for R2.7 million
It has long been one of Randburg’s most popular suburbs with almost half (48%) of existing owners have lived there for more than 11 years. And the fact that 25% of current residents bought in the suburb within the past five years, clearly indicates the areas ongoing appeal.
Many of Linden’s beautiful houses have been sympathetically restored and the suburb also offers a wide selection of clusters, town houses and apartments, all in a friendly and secure environment.
The average house price is around R2.7m but you can get a lovely three-bedroom house for R2.3m and a four-bedroomed house from about R3.1m.
Apartments start at around R795 000 for a one-bedroom unit and townhouses range between R800 000 and R2.3m.
And investment-wise the market has remained stable over the past decade with consistent growth and a steady increase in the median property prices.
A charming townhouse in Randpark Ridge for R1.595 million
The heart of the home is the open-plan living, kitchen, and dining area, creating a seamless flow for everyday living and entertaining. The spacious modern kitchen is equipped with everything you need, including space for two under-counter appliances. The 2 bedrooms are comfortable and generously sized with built-in cupboards. The bathrooms are neat and modern with the main en-suite.
The home has a private patio with a little garden, perfect for relaxing after a long day or hosting small gatherings with friends and family. Additionally, the unit features a private courtyard and two covered parking bays provided for your convenience. Fibre ready.
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Randpark Ridge is a quiet, well-established suburb which offers easy access to the main arterial routes and also boasts an impressive network of shopping malls and restaurants.
The suburb is home to four sought-after schools, namely Rand Park High School along with Rand Park Primary School which serve as the area's public schools, and Trinity house High School and Aurora which are well-respected private schools in the area.
Almost 85% of the properties are still freehold, with 23% of those being estate homes and the median house price has risen steadily during the past 10 years and is now around R2m.
Randpark Ridge is very much an aspirant suburb, but first-time buyers can get into the market for under R1m when buying a flat or townhouse or around R1.6m for an older house that needs a little TLC, whilst those looking to upgrade can purchase a stunning three to five-bedroom house for between R2.5m and R3.8m.
Family home in Olivedale selling for R1.850 million
The home offers a number of lovely spaces to entertain family and friends. There is a comfortable lounge, dining room, and family room with fireplace, and from the lounge, sliding doors open out onto the massive covered entertainment area with bar, built-in braai, and views of the pool and 1036 m2 garden—a family dream.
A farm-style kitchen with a breakfast nook, granite tops, and lots of cupboard space links beautifully with the rest of the home. This is another well-established suburb that has quietly been growing in value and attracting investor attention in recent years.
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You can buy an apartment for between R700 000 and R1.6m, a townhouse for between R800 000 and R2m and houses start at around R1.7m for a property that would benefit from modernisation and for R4m you can purchase a modern family home set in a generous landscaped garden.
Last year the median house price in this characterful suburb reached an all-time high of R2.25m.
“Over and above accessible pricing and value for money, Randburg has every amenity that anyone could need and is also very conveniently situated with easy access to major arterials as well as the greater Sandton area,” says Odendaal.
“It also boasts numerous first-rate shopping centres, medical and sports facilities and a selection of top-rated schools and educational institutions, making it an attractive area for families with children.
“From prestigious private schools to quality public schools and international educational facilities, parents have access to a range of educational options to suit their children's needs.”
Soweto property boom, values double, but still a first-time buyers’ bonanza
Soweto is one of the most dynamic property markets in the country. It is a bustling neighbourhood with some 37 suburbs which are home to over 186,000 properties, more than double compared to 1994 according to Lightstone data.
Property values have grown notably faster compared to the rest of Johannesburg, basically doubling over the last ten years making property a good investment. Khosi Sibiya and Phindi Mphahlele, licensees for Seeff Soweto, say there is high demand for property, both to purchase and to rent.
Well over 2,000 property transactions worth over R1.1 billion have been recorded for Soweto over the last year. Generally, a significant 40%-plus of buyers tend to be under 35-years of age with the majority being first-time buyers, according to Lightstone.
Immaculate family home in Protea Glen Ext 29 on the market for R999 999
This beautiful home consists of three bedrooms with built-in cupboards, the main bedroom has en-suite and dressing room. This home has two bathrooms, open plan lounge with a gas heater, dining room and fitted kitchen. It has a double garage and carport for one car. It has a gas room for the cylinder and connections for plugging in the generator. It is fully paved, walled and has burglar bars and garden.
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Soweto is a landmark in the history of South Africa and a popular tourist area with famous landmarks such as Kliptown (where the Freedom Charter was drawn up), the Hector Petersen Memorial and Vilakazi Street, once home to the late President Nelson Mandela and Bishop Desmond Tutu, both Nobel Peace Prize winners.
These days Soweto is one of the most in demand neighbourhoods for property buyers, especially first time buyers according to the Seeff Property Group. While the majority of properties are freestanding, there is growing interest in estates and sectional title as urbanisation and densification continues, say Khosi and Phindi.
Seeff says further that the biggest advantage remain the excellent affordability despite the appreciation of property prices over the last decade. This enables people to get onto the property ladder and build wealth. On top of that, the high demand for rentals provides incentive to invest in property for the rental market.
Family house in Dube Village on the market for R900 000
This house is situated in the most sought after area of Soweto. This beautiful, neat house offers two bedrooms with built-in cupboards, bathroom, lounge, dining room and fitted kitchen. It has double garage with remote controlled door as well as a big yard, enough to extend.
This house has solar installed, no worries when loadshedding occurs. It has one outside room with toilet and shower. Maintained garden, paved with beautifully built wall, remote controlled gate, solar lights as well.
This house is close to all amenities, transport, nearby schools and shops.
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Soweto is today a bustling economy, offering an excellent quality of life for residents. Affordability and family ties are often reasons why people continue buying in here, but it is now also a modern neighbourhood with public and private schools, shopping malls and just about any service and amenity that you could want for. It offers excellent accessibility to the Western Bypass and arterials, the universities (UJ and Wits) and hospitals and good public transportation (Rea Vaya, Putco, trains and taxis).
You can get great value in Soweto and can certainly find more square meterage for your money compared to many other areas, say Khosi and Phindi. Many young people are taking the opportunity to get onto the property ladder given that a significant majority of transactions fall below R750,000 and almost all fall below R1.5 million. Only ten transactions have been registered above R3 million.
Facebrick corner house in Pimville Zone 6, on the market for R870 000
This facebrick corner house consists of two bedrooms with built-in cupboards, two bathrooms, spacious lounge and kitchen. The house has burglar bars and is fully walled. There's a big space for future renovations.
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The more exclusive areas include Diepkloof with an average price of R2 million, Dobsonville at R1.5 million and Pimville at R1 million. The affordability is well illustrated considering that you can purchase a four-bedroomed home with a garage and three flatlets in Dobsonville for R1.4 million.
A top end property in Diepkloof with three bedrooms and two garages is priced at R1.649 million. Property taxes tend to be lower compared to other Johannesburg areas. If you buy below R1.1 million there is the added benefit of no transfer duty. First-time buyers can also qualify for financial assistance through the FLISP scheme.
A family home in Diepkloof Extension on the market for R1. 649 000 million
A stunning three-bedroom home in Diepkloof Extension Phase 2, all bedrooms have built-in cupboards. Two bedrooms have their own en-suites. There is a lounge, a study room, a family/TV Room, a dining room, a bathroom, and a fitted kitchen. The house also has an automatic double garage, an automated gate, and a manicured garden.
The house has burglar bars, is half-paved, and is fully walled.
Click here to view.
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