select
|

Centurion East property value appreciation keeping ahead of the national average

Property trend analysts, always on the lookout for precincts where values are rising ahead of the average, have in recent months “quite justifiably” been tipping Centurion East, says Arno Brandt who, since March 2012, has run the Rawson Property Group’s franchise for this area.


4 Bedroom House for sale in Centurion

Development here, he said, has been exceptionally fast. In the popular Midstream Estate alone, for example, 300 to 400 new homes are being completed each year.

“Altogether we are seeing some 500 new homes completed in Centurion East year-on-year. Fortunately, however, the delivery rate has been accurately calculated so as not to exceed the demand and values are, therefore, being maintained.”

Centurion East, said Brandt, is providing exactly what today’s buyer wants, i.e. a home in a well-protected security estate, at a price that the average middle class buyer regards as affordable. This can be anything from R500,000 to R2,5 million, but, he said, the bulk of the demand is definitely below R1,5 million.


5 Bedroom House for sale in Centurion Golf Estate

Rawson Centurion East, said Brandt, is selling on behalf of almost all of the major estate developers in the area and he is often employed by them as a consultant, a job for which he is well equipped as he is a qualified town planner, with 15 years’ practical experience in this field.

The franchise’s client list includes such major new developments as Centurion Golf Estate, Southdowns Estate, Cornwall Hill Estate, Eco Park Estate, Midstream Estate, Heritage Hill Estate, Irene Farm Village, Irene View Estate, Irene Village, Highveld Estate and Highveld security complexes. The fastest selling of all of them, said Brandt, are the sectional title units in Highveld and Eco Park Estate – which sell from R500,000 to R1,5 million.

Demand throughout Centurion East, said Brandt, continues to be satisfactory and average annual price rises of 5,5% are now being achieved despite the inflow of new buildings. Furthermore, Brandt reports 80% of potential buyers do, in fact, qualify for bonds.

On the rental side, said Brandt, the situation is equally promising: the big demand is in the R5,000 to R8,000 per month bracket, but he is also achieving regular tenants in a steady flow for units with rentals of R12,000 to R14,000 per month and rents for a luxury freestanding home in the area can be as much as R40,000 per month.


5 Bedroom House for sale in Midstream Estate

In addition to the usual promotional tools such as advertising campaigns, the Platinum Property Portfolio magazine and knock-and-drops, this Rawson Property Group franchise is sponsoring sport at local schools – and occasionally inviting the public to join them over weekends for braais during open show days.

The franchise currently employs six agents and, said Brandt, in view of the on-going demand and the efficiency of his team, he expects the team to triple its turnover in the year to come.



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    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