select
|

On-going price rises in Table View

A Rawson Table View agent, Laura-Lee van der Spuy, has now had 28 years of close association with the Cape Town West Coast suburb.  Her parents moved to Yzerfontein when she was one year old and she lived in Yzerfontein for 20 years before finally transferring to Table View. Today she sells property there for the Rawson Property Group and, she says, her faith in the area is stronger now than ever before.

“Anyone perusing the sales figures of the 3,362 freehold and the 4,778 sectional title and estate homes in Table View cannot be unimpressed by the area’s ability to generate on-going price rises and to come through downturns less affected than most Cape Town suburbs,” says van der Spuy.  “Looking back and tracking the progress over the last nine to ten years made by typical two and three bedroom homes and sectional title units, it is clear that in that time period the freehold homes have increased from an average price of just under R600,000 to R1,4 million, while the sectional title units have risen in price from around R400,000 to just over R750,000. It has to be remembered that this has been achieved despite the 18 to 24 months of the 2009/2010 downturn period.”

Spurred on by the ‘always reasonable’ prices of the area, the good climate, good schools and excellent retail facilities, demand in Table View, says van der Spuy, has always been good.

“You have to appreciate that this is the ideal precinct for a young couple to get an initial foothold in the property market,” says van der Spuy, “and it looks as though, despite prices now rising at around 8% per annum, that this will remain true for a long time to come.”

“Table View,” says Daphney Klopper, the Rawson Property Group’s franchisee for Table View and co-franchisee of Rawson Parklands (a franchise she shares with Mike Abrahamse), “has proved to be one of the steadiest performers in the entire Cape residential sector. Its prices suit today’s buyers particularly well and it is one of the few areas where good price appreciation can be guaranteed.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Feb 2018
      RE/MAX Property Associates’ Table View Office, which services property buyers and sellers along the Table Bay coastline and surrounds, has recently sold a home in Woodbridge Island for R11 million – the highest price paid for any home in the sought-after security complex.
    • 23 Feb 2018
      Choosing to invest in an overseas property can be daunting. But as more and more investors recognise the value of a diversified portfolio that includes property outside of their own country of residence, international property investment is growing in popularity.
    • 23 Feb 2018
      The positive change in South Africa’s political landscape is paving the way for an upswing in the local property market.
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
        
    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