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Buyers show confidence in Johannesburg South

Luxury estates on Johannesburg's southern border are proving increasingly attractive to the city’s well-to-do young homebuyers, thanks to the secure lifestyle they offer within easy reach of the city centre.


This luxury home in the Eye of Africa golf estate is for sale through Harcourts Delta R6,9m.
 
“The fast-paced development of suburbs south of the city in the past 15 years has created a lively property market here, with buyers steadily gaining confidence over the past year,” says Marc Rodrigues of long-established local agency Harcourts Delta.
 
"At the same time, though, there is an increasing trend for buyers with young families to leave the suburbs in favour of the more relaxed lifestyle offered in secure estates further south.And the Eye of Africa estate, about 17km south of the Johannesburg CBD, is a case in point.
 
“This 667ha estate with an 18-hole golf course designed by Greg Norman is now drawing increasing numbers of buyers aged between 30 and 45 with young families, as well as older buyers on the threshold of retirement.”
 
Harcourts Delta was recently appointed to market Phase 4 of the estate, named The Grace, and is manning a dedicated sales office within the Eye of Africa, he says. The agency also has exclusive mandates on a number of resale stands and completed homes in the first three phases of the estate.
 
There are 28 stands of between 833sqm and 1590sqm in The Grace, priced at between R1m and R2m, while building packages including a stand and a home of about 350sqm are priced from R3,8m.
 
Completed homes in the first three phases now coming to market as re-sales are selling at prices from about R2,3m for comfortable family homes with three bedrooms and two bathrooms. Luxury homes are selling at prices of up to R6,9m 
 
Rodrigues says the lifestyle offered by Eye of Africa seems to be a major draw-card. “The development includes ample green spaces such as parks and conservation areas as well as the golf course, and nearly 50% of the development will be retained as open space.
 
"These open spaces are attractive to young families who want to escape densifying suburbs, while top security measures such as fingerprint access and security patrols ensure a safe environment for residents. The estate is also close to private schools and shopping centres and within easy reach of the Johannesburg city centre, which makes a daily commute to city offices feasible."


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