select
|

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."


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Apr 2017
      When you apply for a home loan, lenders will look at many factors before deciding whether to approve your application or not - and if you don't "pass the test" for any one of these they are quite likely to turn you down.
    • 21 Apr 2017
      At the start of the new financial year, many people are making plans to get better control of their finances and are reviewing their insurance, investment and savings plans.
    • 21 Apr 2017
      Bathrooms endure a lot of wear and tear as it is a vital part of our daily routine. As one of the most important rooms in the home, having a well-designed, good quality bathroom is crucial for your overall enjoyment and satisfaction of your house. However bathrooms also need to be comfortable and functional.
    • 21 Apr 2017
      Making a move from a large freestanding home to a smaller, lock-up-and-go unit in a retirement estate has several advantages for consumers entering their golden years, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 21 Apr 2017
      Recent years have seen a noticeable growth in public awareness of the importance of a healthy and balanced lifestyle. This has not only impacted our lives but also the way developments are designed.
    • 20 Apr 2017
      We are calling a it a treehouse simply because it stands on stilts among the trees, and although it is technically not a treehouse it is definitely inspired by the tall forms surrounding it.
    • 20 Apr 2017
      “The Johannesburg residential property market is set for an upturn after a long period of uncertainty and flat-lining prices,” says homes marketer Ronald Ennik.
    • 20 Apr 2017
      First impressions count, that’s the bottom line. This even applies to selling a home ?presentation is key. If a potential buyer walks past a ‘For Sale’ sign at your front gate only to be greeted by a house in a sad state of disrepair, they are likely to try make a hasty exit ? unless they are excited by the prospect of buying a ‘charming fixer-upper’ at a reduced price, of course. But don’t bank on it.
        
    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