select
|

IDZ promises bright future for West Coast property market

The Saldanha Bay Industrial Development Zone (IDZ) is already impacting the property market on the West Coast in a positive way, according to Lizette Wiseman and Natashia Kotze, the new owners of the RealNet West Coast franchise.


This four-bedroom, four-bathroom house in Bluewater Bay is for sale through RealNet West Coast for R3,195m. Boasting an enviable location close to the beach, it has an upper-level living area leading to a balcony overlooking the bay as well as a lounge, dining room/ kitchen, study and indoor braai downstairs. The large double garage has direct access to the house and the property is fully-walled with an automated entrance.

“We grew up on the West Coast and we love living here,” they say. “And the future looks bright, with new industrial development, new opportunities unfolding every day and the demand for property rising steadily.

“The IDZ has already prompted new industrial development in Saldanha Bay and Vredenburg, and more commercial development in Langebaan, and experts say it has the potential to create 15 000 more jobs over the next 10 years. This will obviously give the residential market here a substantial boost, as envisaged by the West Coast District Municipality Integrated Development Plan, which identified the Saldanha-Vredenburg node as a high-potential growth area.

“Meanwhile the price of land close to the IDZ has already risen and there is strong demand for upmarket rental homes suitable for senior employees of the companies that are relocating here or opening new branches here. Rentals depend on location, size and type of home, of course, but in Langebaan can go up to R22 000 a month now, in Saldanha up to around R15 000 and in Vredenburg up to R12 000.

Kotze and Wiseman note that the West Coast is also set to become a sports hub and the site of the West Coast Sport Academy System, the aim of which is to encourage excellence and inclusiveness in sport. “Consequently, we are keenly awaiting the planned upgrading of the Saldanha Bay Sports Complex, to serve as a competition and training venue for rugby, football, cricket and netball – some of the sports identified for growth in the academy system.

“The other sports include athletics, kickboxing, water sports and gymnastics and there will no doubt be further training facilities needed for these – and further demand for accommodation for the trainees, coaches, academy personnel and their families who relocate here.”

Meanwhile, they say, the West Coast remains a desirable destination for leisure property buyers. “The market has been in recovery for some time and prices have shown sustained growth since 2011, with the result that there is now not enough stock to meet demand in the most popular price ranges, which are between R765 000 and R1,7m for medium-sized homes in Langebaan; between R500 000 and R1,2m in Saldanha and between R650 000 and R1,6m in Vredenburg.

“There are also many beachfront apartments and designer mansions along this coastline, and high-end buyers will pay up to around R8m for a luxury property in Langebaan.”

This town is the most popular West Coast destination for holidaymakers, with the main attraction being a lagoon where visitors can take part in a huge range of watersports. However, it also boasts several private schools and an upmarket retirement village, with the result that it now has an increasing number of permanent residents. Prices of homes in new developments here range from R1,2m to R1,6m.

“Our current listings also include vacant stands priced at R189 000 to R325 000 in Hoogland Estate, a popular security estate situated on the top of a hill overlooking Saldanha Bay, and well-priced stands in Bluewater Bay.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK