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
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us