The appeal of Midrand is broad when it comes to value and convenience, offering family homes from R875k.
The appeal of Midrand, located in central Gauteng, is its close proximity to almost everything. Halfway between Centurion and Sandton, this part of the Johannesburg metro is also home to the likes of Kayalami and the Mall of Africa. Buyers younger than 35-year-old have made up 51% of recent purchases registered in the last six months, according to Property24 Trends Data - which makes Midrand a prime consideration for First-time buyers and families looking to upgrade.
Remax area specialist Jason Klein says with the "rising demand for safe estate living and world-class security, there is continuous development in Midrand, which is creating the demand to live within this dynamic CBD”.
Prime connection between Joburg and Pretoria
The Waterfall development has transformed Midrand and has created a significant connection between Johannesburg and Pretoria, adds Klein.
“Some of the largest international and local companies have chosen to move their head offices to Waterfall, bringing with them a diverse mix of employees, from top execs to packers, who can all choose to live within the parameters of Waterfall,” he says.
“Another major drawcard to the area is the demand for corporate rentals within secure estates. This attracts ex-pats who may be deployed to the surrounding International Companies. Strategically positioned within minutes from the N1 and N3 Highways makes travel time a breeze from within this suburb.”
Average affordability across Midrand
While the average property price is R875k according to the latest Property24 Trends Data, the area’s offering is broad when it comes to value and convenience. Supply of two-bedroom and three-bedroom properties are most prevalent, with price averages at the time of publishing between R846 950 to R1.6 million respectively.
"It is possible to invest in a one-bedroom apartment within a secure estate for less than R1 million," says Klein.
Average asking price in Midrand as listed on Property24:
*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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