Quick uptake now of affordable units in Gauteng

Units in entry-level developments to the south and east of Johannesburg are selling fast. Indeed, eight out of every 10 prospective buyers who view units in the affordable price range are making offers to buy, says Carlos Moreira, owner of the Harcourts Olympic estate agency that operates in these areas.
Moreira, who specialises in marketing new developments, says two projects are currently in particular demand. "Firstly, we have just taken over the marketing of units in Helderwyk Village near Carnival City on the East Rand, and young buyers are now lining up to sign offers here.
“The development currently offers about 150 units in the R400 000 to R800 000 price range, with a further 300 to be released in the near future, and it is in an excellent location with regards to highways, shopping centres and recreation facilities."
Units in Ormondo View Estates, near Nasrec and Southgate to the south of Johannesburg are also selling like hot cakes, he says. Harcourts Olympic sold a total of 120 units in this development last year and Moreira says his team is on track to sell at least another 100 this year.
"Young black professionals between the ages of 25 and 30 are flocking to the development thanks to good value, excellent security and good location. Prices range between R379 000 for one-bedroom units and R900 000 for three-bedroom units”.
Meanwhile, he says, Harcourts Olympic is also marketing a new development in Beyers Park in Boksburg. The free-standing units are being sold off-plan at prices ranging from R469 000 for 75sqm units with two bedrooms to R549 000 for units of about 80sqm with three bedrooms.
Moreira expects that these units will also be heavily targeted by young buyers thanks to the proximity of the East Rand shopping mall. "It is a popular area and the nearby highway network makes a commute to offices in other areas very convenient," he says.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 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
    • 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.
    • 15 Jun 2018
      Putting your house on the market can be a stressful process. There are so many decisions to make that will impact how quickly your house is sold and for how much you can sell it for. It’s a serious money game where you can’t afford to make the wrong decision.
    • 14 Jun 2018
      The word tourist describes someone who is visiting South Africa for a limited time and is probably not going to buy a property here – so why is the tourism industry so important to the real estate sector?
    • 14 Jun 2018
      Serengeti Estates has entrenched its status as one of Johannesburg’s most desirable addresses for a spectrum of homeowners with its launch of The Signature Residences, a new cluster village.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us