select
|

Bryanston - beautiful properties in the best location

Area history

First named as an area in 1949, the affluent suburb of Bryanston is home to some of South Africa’s most sought-after real estate. The area was established as a suburb of Sandton in 1969, however now forms a part of the Johannesburg Metropolitan Municipality. While property used to consist of large plots and smallholdings, today the area is divided equally among security estates, free-standing homes and sectional title units.


3 Bedroom House for sale in Bryanston

Area property information

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that it is interesting to note that a large number of the recent buyers in Bryanston are below the age of 35 years old. He notes that according to Lightstone figures around 43.89% of buyers over the last few months were between the ages of 18 and 35 years old. Around 34.75% were between the ages of 36 and 49 years old. This demographic also represents the highest percentage (37.3%) of existing homeowners in the area.

Goslett says that the property in Bryanston is fairly evenly divided with 38.54% sectional title units, 34.60% freehold homes and 26.87% estates. He notes that from 2004 up until 2008 property prices in the area saw massive growth with the average freehold home price increasing by R1.561 million and the average sectional title unit price nearly doubling during that period. Prices remained flat between 2008 and 2010, but saw growth in 2011. Last year the property prices hit record highs with the average freehold price around R3.851 million and a sectional title unit around R1.137 million.


3 Bedroom House for sale in Bryanston

According to Goslett, between 2004 and 2007 property sales were remarkably high, peaking in 2007 with over 1090 properties sold during that year. In 2008, the number of sales transactions dropped, with the lowest year-on-year sales volumes seen during 2009. While sales figures in the area were low compared to the previous years’ sales, they were still high in relation to sales figures seen in other parts of the country. Sales transactions increased in 2010 and have continued to show improvement ever since.

Property price trends





Demand for property

Goslett says that around 41.5% of properties sold in Bryanston last year were those priced between R800 000 and R1.5 million, while 24.4% were priced above the R3 million mark. He notes that 22.2% of properties sold during this period were priced between R1.5 million and R3 million, around 11.1% were priced between R400 000 and R800 000.

He says that many buyers are looking to purchase in areas that are close to the centre of the financial sector in Johannesburg. Suburbs such as Bryanston that are in the proximity of the Sandton hub attract a vast number of investors looking to live near to where they work. Other reasons why buyers are attracted to the area is its prime location and excellent amenities, Property in the area has maintained its value and is sure to offer a good return on investment in future years. 


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Jun 2018
      The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you …
    • 19 Jun 2018
      Douw Steyn, one of the richest men in the country, recently allowed a rare glimpse into his Fourways Palazzo when it was featured on the SABC lifestyle programme Top Billing - and it is beyond your wildest dreams!
    • 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 SAProperty.com.
    • 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.
        
    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