Ten years ago, there were just four top suburbs with an average selling price of just over R10 million. Now, all ten of South Africa’s top suburbs fall above this with average prices ranging from R12 million to over R20 million,
This is according to Samuel Seeff, chairperson of the Seeff Property Group, who says that based on the latest Deeds Office and sales data, these rank as below. It includes eight Cape Town suburbs (six on the Atlantic Seaboard and two in the Southern Suburbs) along with one Sandton and one Johannesburg suburb.
1. Clifton - R23 million average price (up by 77% since 2011)
With its sandy white beaches and fabulous views, Clifton remains at the top with Nettleton Road the country’s most expensive on average along with Clifton and Kloof Roads. Prices range to R120 million to R200 million. Click here to view more property trends for Clifton, Cape Town.
2. Llandudno - R22 million average price (up by 267% since 2011)
Llandudno is a small, exclusive suburb with no commercialisation which hugs the coastline on the seaside of Victoria Road and fronted by a Blue-Flag beach. Prices range to about R45 million. Click here to view more property trends for Llandudno, Cape Town.
3. Bantry Bay - R15 million average price (up by 114% since 2011)
Views and an exclusive address keep Bantry Bay among the most desired addresses, especially streets such as De Wet Road, Ocean View Drive and Kloof Road and the apartment blocks which overlook the ocean. Prices range to about R87.5 million. Click here to view more property trends for Bantry Bay, Cape Town.
4. Sandhurst - R15 million average price (up by 25% since 2011)
Proximity to the Sandton CBD and sprawling mansions on large plots makes Sandhurst a top choice, especially Coronation Road, being among the most sought-after addresses. Prices range to R65 million-plus. Click here to view more property trends for Sandhurst, Sandton.
5. Camps Bay – R14 million average price (up by 133% since 2011)
The top tourist suburb and home to the highest volume of R20 million-plus properties, Camps Bay is fronted by a palm-lined promenade with restaurants, amenities and a sandy white, Blue-Flag beach. Prices range to about R85 million. Click here to view more property trends for Camps Bay, Cape Town.
6. Constantia Upper – R14 million average price (up by 100% since 2011)
Constantia Upper overlooks the oldest wine valley with famous farms such as Groot Constantia and Buitenverwachting and is renowned for its large plots and sprawling homes. Prices range to about R65 million. Click here to view more property trends for Constantia, Cape Town.
7. Bishopscourt - R14 million average price (up by 8% since 2011)
Located on Cape Town’s ambassadorial belt, close to exclusive private schools and home to exclusive streets such as Upper Hillwood Avenue, Klaassens Road and Bishopscourt Drive. Prices range to R56 million to R100 million. Click here to view more property trends for Bishopscourt, Cape Town.
8. Fresnaye - R13 million average price (up by 86% since 2011)
Set on the slopes of Lion’s Head, Fresnaye offers spectacular views and a delightful French flair with palm-treed avenues with French names such as Ave Alexandra and Ave Fresnaye, two of the most exclusive addresses. Prices range to around R120 million. Click here to view more property trends for Fresnaye, Cape Town.
9. Hyde Park - R13 million average price (up by 117% since 2011)
Hyde Park with its swanky shopping mall and proximity to the Sandton CBD is one of the most desired addresses, offering a mix of modern architectural homes and proximity to private schools. Prices range to about R30 million. Click here to view more property trends for Hyde Park, Sandton.
10. Waterfront - R12 million average price (up by 71% since 2011)
The V&A Waterfront Marina is the premier waterfront estate offering security, privacy and amenities including yacht berths and direct access to the V&A Waterfront retail and restaurant precinct. Prices range to about R45 million for a penthouse recently sold by Seeff. Click here to view more property trends for Waterfront, Cape Town.
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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.