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.”

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