Location is a key consideration when choosing where to live or invest in property. As a buyer, you need to decide whether you want to live in an urban hub where you can make the most of vibrant nightlife and other activities or opt for a suburban lifestyle with a choice of excellent schools and leisure amenities.
But where can homeowners secure the best of both, with property options to suit all budgets?
Quality of life
The pandemic has impacted housing preferences, with quality of life becoming increasingly important. Most families move to the suburbs to be close to a choice of prestigious schools. But some areas offer residential convenience, without diminishing any of the appeals of urban living.
Many suburbs have an array of shopping centres and entertainment spots, as well as top-notch medical facilities. These areas have become flourishing nodes within their own rights, and offer many of the same retail and commercial opportunities as their more established neighbours, according to Tyron Baird, of HB Realty.
Sandown
If you are looking for value for money, residential property prices tend to increase the closer one gets to a commercial hub. So, bear in mind that there are nearby suburbs that offer similar benefits without the premium price tag, says Baird.
Sandown, tucked between Morningside and Sandton in Gauteng is a good example of an area with various property options, including new developments, that afford ample opportunity for young professionals and families to enjoy a secure, world-class lifestyle that is not only desirable, but accessible.
The area is also an attractive springboard for growing families as they transition from an apartment to a larger home with a private garden. They can acquire the additional space they need to accommodate their changing needs, without too much budgetary adjustment.”
“Sandown, as an example, offers the same prime location and access to top schools and popular amenities as its neighbours, but its house prices are more accessible,” explains Baird.
Conveniently close to Sandton and the Gautrain, Sandown has a robust rental market. Priced more competitively than some of its neighbours, it offers excellent security and proximity to work and schools.
Sandown currently *91 new property listings available, according to Property24 Trends Page, with the average asking price for the area being R3.12 million. The latest residential listings on Property24 show that two-bedroom homes are most widely available, at an average list price of R1.875 million. Sellers in the area fall within the 36- 49-years age group (40%), while 44% of buyers fall within the 18 - 35-years age group.
Parkhurst and Linden
Parkhurst and Linden are being bought up by younger buyers and renovated into trendy homes. The nightlife and street café vibes also add to the attraction.
Favourites will always be Melrose, especially the areas around Melrose Arch and in and around the new Fourways Mall area. This is mainly due to the fact that is centrally located, says Nadia Aucamp, Broker Manager at Remax All-Stars.
In September 2021, searches for properties in Parkhurst received over 141 000 pageviews, and between July and September 2021, the city received over 449 000 pageviews.
Parkhurst has currently *226 property listings available, according to Property24 Trends Page, with the average asking price for the area being R3.58 million. The latest residential listings on Property24 show that three-bedroom homes are most widely available, at an average list price of R3.39 million. Sellers in the area fall within the 36- 49-years age group (47%), while 42% of buyers fall within the 18 - 35-years age group.
Mulbarton and Meyersdal
“The latest development of the Thaba Eco Village in the South of Joburg is also creating a lot of hype in that is a 'green' village offering the latest trendy design but having the nature reserve at your doorstep,” adds Aucamp.
“Just outside the official Joburg area, we have Meyersdal that draws the young executives that do not want to live in the hustle and bustle of Joburg. Offering them the luxury and quality in a not as commercialised urban area.”
Aucamp says properties range from R500 000 for a sectional title property in Linden, and from around R2 million for a full-title property in places like Parkhurst, Melrose and Meyersdal.
In September 2021, searches for properties in Mulbarton received over 80 300 pageviews, and between July and September 2021, the city received over 258 000 page views.
Mulbarton has currently *198 property listings available, according to Property24 Trends Page, with the average asking price for the area being R1.65 million. The average sale price per erf for 2020 was about R1.865 million while Section Scheme Units price for the same period is R730 000.
The latest residential listings on Property24 show that three-bedroom homes are most widely available, at an average list price of R2.29 million. Sellers in the area fall within the 36- 49-years age group (41%), while 48% of buyers also fall within the same age group.
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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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