RE/MAX Suburb Trend Report – Alberton

Area history

Situated on the East Rand of Gauteng is the residential town of Alberton, which celebrated its centenary in 2005. Alberton is a well-established town that is unique in that it has no other reason for its location other than its proximity to the Johannesburg Central Business District. It is often described as a bedroom community, because of the fact that most of residents live there but do not work there, commuting to nearby hubs to earn a living.

The town has a long and interesting history, initially starting out as a farm called Elandsfontein. A 13 year old boy by the name of Johannes Petrus Meyer purchased a section of the farm, which at the time was owned by his father. In the years to come he would marry and build a house next to the Natalspruit, which is near to where the town’s civic centre stands today. Following the death of his wife in 1870, Meyer decided to start a general store and built his farmhouse mansion in 1890, a home which still stands in the affluent suburb of Meyersdal on land behind the Meyersdal koppie.

After Meyer’s death, the farm was taken over by his brother Johan Georg Meyer, who sold a section of the farm to war veteran, General Hennie Alberts after whom Alberton is named.  Many of the streets in Alberton have been named after the Voortrekker heroes to commemorate the Great Trek.

The town’s first official post office was opened in 1926, with work on the town hall starting during 1938. Alberton’s industrial suburb of Alrode was established in 1943. The renowned general store, Blou Meul, was opened in 1954 and is still trading in Van Riebeeck Street in Alberton North.

Today, Alberton forms part of the Ekurhuleni Metropolitan Municipality and offers residents a variety of amenities such as shopping centres, libraries, clinics, hospitals and entertainment facilities. 

Area property information

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that the majority of recent buyers in Alberton central are aged below 49 years old. He notes that about 37.5% are between 18 and 35 years old, while approximately 42.86% are aged from 36 to 49 years old.

Goslett says that the number of property transactions in the area took a dip from 2006 to 2007, figures dropped again in 2008 and 2009 with around 60 properties sold in 2009. He adds that from 2009 up until 2012, the number of sales has stayed fairly stable with an average of around 64 properties sold each year.

According to data from Lightstone, property in the area consists of 69.24% freestanding homes and 30.76% sectional title units. Goslett says that from 2004 to 2007, property prices saw a steady increase, however in 2008 prices dipped, dipping further in 2009. He notes that during 2010 prices recovered slightly and continued to show growth in 2011, with the average price of a freestanding home reaching a record high of R836 000. In 2012, prices of sectional title units continued on their upward path, while average price of a freestanding home dropped off slightly. Currently the prices of both types of properties are doing well, with the average price of a freestanding home around R825 000 and a sectional title unit costing approximately R488 000.

Property price trends

Demand for property

Goslett says the most sought-after properties in the area between June 2012 and May 2013 were those priced between R400 000 and R800 000, making up around 59.3% of all sales during that period. Properties that fell within the R800 000 to R1.5 million category represented 22% of the area’s sales, while properties below R400 000 represented 16.9%. He notes that the smallest percentage of properties sold were those priced between R1.5 million and R3 million, which represented just 1.7% of all property transactions between June 2012 and May 2013.

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