More residents, too little stock in Ballito

Once a vacation destination for the well-heeled from other provinces, Ballito is now attracting so many permanent residents that estate agents are experiencing significant shortages of homes for sale.

The Simbithi Eco-Estate is a favourite among families relocating to the KZN North Coast
“It’s like boom time in Ballito,” reports Greg Harris, owner of the local Chas Everitt International franchise. “There has been a huge population increase here, from around 12 000 residents in 2005 to more than 30 000 now, and this has really put pressure on the supply of residential property as well as the infrastructure.”
At the moment, he says, buyers are especially attracted to secure estates like the Simbiti Eco-Estate and Brettonwood Coastal Estate which have been developed on land that was previously used for sugarcane farming.
“Tourists are also being drawn here by the new hotels and resorts that have gone up in the past few years, and we find that they often end up shopping for property while they are here.”
Growth along this picturesque part of the KwaZulu-Natal coastline was previously hampered by a lack of infrastructure, but that is also now a thing of the past, says Harris. “Various developments, like a new town centre, a taxi rank, a larger clinic and several new schools are on the cards, making it possible for families to make Ballito their permanent home.In fact, according to property data company Lightstone, 54% of recent buyers in Ballito were between 36 and 49, which is the age-group of people with school-going children.”
“In addition the northwards push out of Durban is continuing and the home prices in Ballito are still considerably lower than in Umhlanga.The main entrance to Ballito from the N2 highway is also currently being upgraded, including a spaghetti junction to ease traffic, the widening of the road to four lanes in Ballito Drive and proper pedestrian walkways.”
Commercial development in Ballito has also been massive in recent times, he notes, with a 30?000sqm lifestyle centre currently under construction at a cost of R3,2bn, to add to the four shopping malls that already exist.
“And local property prices have risen on the back of the increased demand. The average price for a freehold home in 2014 was R2,119m and is already up to R2,542m in 2015. Sectional title homes now average R1,615m, up from R1,569m last year.
“A 1000sqm stand with no sea view costs between R600?000 and R1m, while a stand with a sea view would cost between R1,4m and R2,5m.”
A perennial favourite among retirees, Ballito also offers seniors a choice of several secure developments now, including Tinley Manor, part of the Palm Lakes development, which will consist of 500 units, the sectional title Forest Village at Brettonwood and the Savanna development in the Simbithi Eco Estate.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us