Brackenfell property market continues to flourish

The Rawson Property Group’s Brackenfell Arauna franchise, which is also partnered by the Kraaifontein Ascot franchise has recently been achieving sales at a rate of 90% up on the same period last year.

“However you measure it,” said Lucas van Vuuren, franchisee for both the Rawson Brackenfell Arauna and Kraaifontein Ascot franchises, “Brackenfell has to be recognised as the most popular and successful residential area in the Western Cape today.”

?3 Bedroom House for sale in Morgenster, Brackenfell

“Demand continues to outstrip supply and the final sales figures and the rentals are appreciating by 7 to 10% per annum at the moment, a situation that is certainly not encountered in most of the rest of South Africa today. This area is indeed one of the few very successful property precincts in the country — the rentals in our Brackenfell Arauna franchise are up by 350% and those in the Kraaifontein franchise by 128% ”

Like Theuns Rossouw, van Vuuren’s plot and plan specialist for new developments, van Vuuren lists four main reasons for the area’s popularity. These are its central position in relation to other key Western Cape and Cape Peninsula towns, its semi-rural countryside ambience, its established community feel and it’s very affordable prices.

“This area,” said van Vuuren, “is one of the last remaining precincts close to a metropolis where you can still get a quality new home in the R850,000 to R1,350,000 price bracket or in Kraaifontein within the even lower price range of R700,000 to R1,1 million. What is more, the vast majority of homes that we sell here are freehold units standing on their own plots.” 

In the circumstances, said van Vuuren, with rents on new developments running from R4,500 to R10,000 per month, one would expect a fair portion of the buyers to be investors, but almost all of those buying through the Rawson Property Group and other agencies are owner-occupiers. The very high demand for housing (stimulated by the banks’ more lenient attitude to mortgage lending once it has been established that the buyer has an unblemished credit record), means that any correctly priced home here now sells within 7 to 10 days and stock shortages will increasingly be a challenge in the coming year, requiring more effort and more marketing, to be kept at a satisfactory level. 

As has also been well publicised elsewhere, said van Vuuren, this franchise always has one or two major new developments to sell, most of which have been handled on behalf of the developers Buildevco. Right now we are marketing “Rossini”, a 27 unit all freehold project which has three bedroom freestanding homes all selling from around R1 million to R1,4 million. The buyers are given the choice of having all their costs included in the final price or of handling these matters on their own.

Van Vuuren said that land is still available and he anticipates his team being involved with 80 to 150 further opportunities once the current projects are completed.

“I think,” he said, “that we are now performing as well as we have ever done and can look forward with great confidence to the future. In the last year we not only won 16 major awards, but also have recently achieved the third spot in the Rawson Property Group’s national ranking, something of which we can very proud of, as there are over 200 franchises in the group altogether.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us