Fourways residential property market offers numerous options

“The Fourways area is one of the most underestimated property markets in Johannesburg, affording residents some of the finest in suburban and village living at competitive prices,” says Jason Shaw, area manager of the Fourways/Dainfern office of Pam Golding Properties (PGP).

“There is enormous confidence in the area as is evidenced by the large amount of residential property, commercial property and infrastructure development that is taking place.”

“Residents know that everything they need is close at hand and the area offers an exceptional lifestyle and wide open spaces that are not generally found in many other suburbs of Johannesburg,” adds Shaw. “In addition, recent road upgrades have helped to ease traffic congestion. It is noteworthy that many property developers in the region are working with the road agencies to further improve road infrastructure.”

There is a wide variety of property options available in the Fourways area from studio apartments to luxury homes in lifestyle estates. The region is also home to a substantial number of townhouse and cluster developments. A studio apartment may be acquired from just R450 000, while an average size family home of three or four bedrooms sells for approximately R1.7 million. Properties in estates vary in price between R3 million and R16 million.

“The residential property market in Johannesburg’s northern suburbs generally remains constrained in the current lethargic economic climate, however security and easy access to amenities remain highly sought after, fuelling demand for gated and lifestyle estates in the Fourways area.”

Shaw says in certain areas in the region, shortages in the supply of properties have been noted and this is having a very positive impact on prices. “While this may be a sign that the property market in Gauteng is slowly recovering, it is certainly indicative of the resilience inherent in these particular suburbs, which attract a broad cross-section of buyers year on year,” he adds.

Secure complexes in areas such as Douglasdale, Lonehill, Paulshof and Sunninghill are in strongdemand, as are homes in the luxury estates of Dainfern, Fourways Gardens andCedar Lakes. The luxury estates offer residents every amenity including clubhouses, sports facilities as well as first class security. They provide the opportunity for residents to live in a community of like-minded individuals in a village-type atmosphere.

“The letting market in luxury estates is also proving strong, buoyed by the fact that a number of international companies operating in South Africa are seeking world-class, secure accommodation for their expatriate employees,” notes Shaw.

According to PGP property agent Brenda Gilbert, the development of the impressive Steyn City is a further indication of the confidence thatexists in the Fourways area. Steyn City is a groundbreaking mixed development comprising townhouses as well as freestanding upmarket homes, situated along the Juskei River between William Nicol Drive and Cedar Road. When completed, the estate will contain more than 400 hectares of indigenous wooded landscape as well as a Jack Nicklaus golf course.

The Fourways area is conveniently located close to Lanseria Airport, which is a hub for flights to other South African cities and charter flights to Africa, as well as in easy reach of all major road routes and freeways, points out Gilbert. It is within easy striking distance of the countryside and attractions such as the Lion Park, Hartbeespoort Dam and a number of game reserves. There are superb schools nearby including Dainfern College, Crawford College, St Stithians College, Brescia House, Michael Mount Waldorf School, British International College, Heronbridge and The French School Lycée Jules Verne. The prestigious Netcare Sunninghill, Netcare Olivedale and Fourways Life hospitals are all in close proximity, providing access to world-class private healthcare services.

“The Fourways area is a veritable hive of activity with a number of attractions on offer for individuals with a wide range of different preferences. There are plenty of outstanding shopping and entertainment centres in the area including Fourways Mall, Fourways Crossing, Montecasino, the Valley Shopping Centre, Cedar Square and the Design Quarter,” says Gilbert. “The area is also home to a number of outstanding restaurants and exceptional theatres such as, among others, the Teatro at Montecasino. Residents truly find everything they need right here on their doorstep.”

There has been a noticeable increase in office space in the suburb, especially on Cedar and Witkoppen roads, and many companies have moved into the area. Gilbert notes that this is part of a trend whereby Johannesburg residents are moving closer to their places of work or, conversely, moving their businesses closer to home. She says that this trend is driven by traffic problems, higher fuel costs and the possible introduction of the e-toll system.

“Fourways is developing its own business districts while increasing numbers of people are starting to work from home,” she adds. “More and more we are seeing the emergence of the home-office environment, which is made possible by advances in technology. With people wishing to avoid travel as far as possible, the home-office is likely to become an increasingly popular option.”

There is also a substantial increase in the number of retirement villages being developed in Fourways indicating that the area holds appeal for people of all ages. The Amdec Evergreen Broadacres lifestyle estate is just one example of a retirement development that has been launched in the area recently. This village is positioned on the border of Dainfern,just three kilometers from the center of Fourways, and offers its inhabitants a lush parkland atmosphere.

“Fourways is a vibrant area that attracts people from all walks of life. It is a place where many individuals buy their first property but also home to families and more mature residents seeking a retreat from the busy city life. It is a region that is developing rapidly despite the slow economy, and many of the homes here are showing good capital appreciation. Those who are looking to buy would do well to examine one of the many options available in Fourways,” concludes Gilbert.

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