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. 

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