RE/MAX Suburb Trend Report – Amanzimtoti

Renowned for its warm weather and beaches, the popular coastal town of Amanzimtoti can be found just south of Durban along the KwaZulu-Natal coastline.

Area history

Renowned for its warm weather and beaches, the popular coastal town of Amanzimtoti can be found just south of Durban along the KwaZulu-Natal coastline. According to local legend the town was named by the great Zulu King Shaka in 1828. The story goes that when leading his army down the south coast to raid the Pondos, he rested on a river bank and drank the water. After he quenched his thirst he exclaimed how sweet the water tasted and since then the river was called Amanzimtoti meaning ‘Sweet Waters’. In 2009 the KwaZulu-Natal Provincial Geographical Names Committee recommended that the name of the town be changed to aManzamtoti.

Although there is some discrepancy with regard to when the first house was built in Amanzimtoti area, it is estimated that it was around 1895. The first hotel to be built in the area, which happened in around 1898, was to accommodate holiday makers who came by train from as far afield as Johannesburg. A lot of development has occurred in the area since those early days, however today Amanzimtoti remains a popular holiday destination.

Area property information

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that although coastal regions took the brunt of the property slowdown, the supply of coastal properties will always remain limited by geography, which will ultimately lead to price growth. The average price of property in Amanzimtoti has steadily gained momentum and has continued to increase since 2009.

Statistics supplied by Lightstone, a property statistics and information provider, reveal that the current market stock of property available in the area consists of  32.27% freestanding homes and 67.73% sectional title units.

Almost three times as many sectional title units have been sold when compared with freestanding property sales volumes. To date 184 sectional title units have been sold in Amanzimtoti during 2012, while the number of freestanding homes sold during this year is approximately 69. As many as 38.24% of recent buyers in the area are between the ages of 36 and 49 years old, while the highest percentage of recent sellers, around 33.43%, are between the ages of 50 and 64 years old.

Property price trends

Demand for property

Goslett says that property in Amanzimtoti, along with other coastal regions, always remains in demand as the natural features and the relaxed lifestyle attract a wide spectrum of buyers looking for a holiday getaway, the ideal retirement residence, or a change of lifestyle removed from city life. “It is not difficult to understand the appeal of Amanzimtoti among property investors and holidaymakers alike – it boasts a laid-back culture and plenty of attractions, including scuba diving, offshore fishing, extreme adventures, natural scenery and arguably its most appealing attraction; its beaches,” says Goslett. “With the warm Indian Ocean and the area’s tropical climate, these beaches can be enjoyed all year round, which makes the region a great summer getaway and an excellent winter escape as well.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us