select
|

Wellington home prices have held their value

There is a surprising amount of residential property sales activity in the small Boland town of Wellington,” says Tertius Joubert, the Rawson Property Group’s new residential franchisee for the area – “and,” he adds, “all the indications now point to the fact that, after a two or three year near-stagnation period, prices have very definitely bottomed out and are set to rise in the coming years.”

Joubert can speak with some authority on these matters because he sold homes in Wellington for two major groups for six years.

“Even in the difficult periods,” said Joubert recently, “we always came across strong demand for homes in the R800,000 (mostly townhouses) to R1,1 million bracket and this is now gaining momentum.  Any fairly priced home in that price range always sells within two months and often even quicker.”

Wellington, said Joubert, does have homes that are both a great deal more expensive, as well as some which are considerably cheaper: prices for apartments can be as low as R400 000 - but there is far less turnover at these lower levels.

The demand for Wellington property, said Joubert, is fuelled to a large extent by Capetonians and buyers from Gauteng and KZN.

“In almost every case,” he said, “they are attracted by the peace and the tranquil atmosphere of the town – they also, of course, like the fact that the crime rate here is low.”

Those migrating to Wellington, added Joubert, often tend to like the 1920s to 1940s farmhouse-type homes which are found in the centre of town and which have such features as open fireplaces, wooden floors, voor and agter stoeps, Aga stoves (in a few cases), large gardens (some with leiwater). Despite the large amount of these kinds of homes the town can also offer very modern and chic homes, like those found in the Nuwe Uitsig and the popular Diemersfontein Wine Estate which are priced from R 1.3 million to R5.7 million.

Many people, said Joubert, also like the fact that the town has a student population attending such institutions as the Teachers’ Training College and the Cape Peninsula University of Technology’s Wellington Campus which offers agricultural courses because they add life and gaiety to the community.

“Any good agent in Wellington,” said Joubert, “should be able to sell one to two properties per month - and I am certainly budgeting to do this.  The town is larger and has far more homes than most people realize.”

Joubert has taken offices at 41 Church Street, but, due to the restraint of a trade agreement with his previous employer, he will not actually be canvassing or selling until the 1st of January 2013.

Right now, he said, his main task is to build up contacts and names.  Down the line, he hopes to take on a colleague or partner who will specialize in the small holdings and agricultural properties in the area.

“The message that I need to get through to prospective buyers looking to move to the country,” he said, “is that Wellington has a developed infrastructure, a very pleasant atmosphere and is on the threshold of significant property rises.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Jun 2018
      In the current market, letting out a property can be a good option as rental demand remains strong, especially in the northern suburbs of Johannesburg. This is according to Chris Renecle, MD of Renprop. However he says that before homeowners let their property out, there are five key points they should make sure are covered before they market the property for rent and sign any lease agreements.
    • 19 Jun 2018
      The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you …
    • 19 Jun 2018
      Douw Steyn, one of the richest men in the country, recently allowed a rare glimpse into his Fourways Palazzo when it was featured on the SABC lifestyle programme Top Billing - and it is beyond your wildest dreams!
    • 18 Jun 2018
      Many home sellers are motivated to appoint estate agents because they know that the agency will carry the costs of advertising and marketing their property.
    • 18 Jun 2018
      When a property is sold when it has a tenant in occupation, the questions often raised are: “What happens to the tenant if the landlord sells the property?”, and what rights the tenant will have with regards to cancelling the lease or enforcing it, says Sunell Afrika, rentals manager for SAProperty.com.
    • 18 Jun 2018
      Sellers are often caught off-guard by the expenses incurred in the selling of a property. Just like there is no such thing as a free lunch, there is also no such thing as selling your property without incurring at least some costs.
    • 15 Jun 2018
      The second quarter of 2018 has proven to be the turning point for Midrand’s real estate market, especially the upper end which started to waver towards the end of a tumultuous 2017 with a notable drop in both sales and average selling prices.
    • 15 Jun 2018
      According to data recently released by FNB, the average age of a South African home buyer has increased from 38 to 44 this year. In an attempt to help first-time buyers enter the market sooner, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, walks us through the steps of saving for your first home.
        
    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