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Gauteng & Western Cape July auctions In Rosebank, Johannesburg on 24 July properties valued at R190m will go under the hammer, with the Cape Town auction in Newlands on 25 July.Average ER price still under R1mThe East Rand property market is poised for take off, with awareness growing of the appeal of Gautengs most "user-friendly" area. By Eugene BrinkUnderstanding property valuations For the best chance of securing a sale at full asking price, homeowners should always use a real estate professional who can provide an accurate assessment of the property’s value, instead of attempting to determine an asking price on their own.