South Africans pack for Hermanus instead of Perth

With the exchange rate currently at about R8 to an Australian dollar it is not only cheaper to move to Hermanus instead of “Down Under”, says Ludwig Schulenburg of the local Aida franchise, but Hermanus also meets all the criteria of the most popular Australian destinations.

"The town is relatively crime free, offers a wonderful lifestyle on the coast, a pleasant climate, and business opportunities aplenty," he says. "And, of course, buyers who opt for Hermanus instead of Perth still have their local support network of family and friends."

Hermanus, traditionally a holiday and retirement destination, now regularly draws economically active buyers from large metropoles in Gauteng, Kwa-Zulu Natal and the Cape, he says, and the new 'settlers' have swelled the number of permanent residents to 55 000.

"Buyers are typically in their forties and relocate to Hermanus to escape the rat race, but the booming local economy allows them to set up own businesses, earn a living at their own pace and have time to spend with their families.

"The local state school, with a 100% matric pass rate for the past 17 years, is an added attraction and a Curro private school, which opened its doors earlier this year, now offers parents the choice of giving their children a private school education."

Holiday homes are, however, still in demand and buyers are taking advantage of market-related prices, Schulenburg says. Sellers, who up until very recently held out for their asking prices, are now much more inclined to negotiate with prospective buyers in order to clinch a deal.

Prices of two-bedroom apartments currently start at around R600 000, townhouses are selling at prices from R800 000, while prices of family homes start at the R1m mark, he says.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us