Young buyers boost sales in Sonstraal Heights

The RealNet estate agency group has awarded the franchise rights for Sonstraal Heights and the surrounding areas near Durbanville in the Western Cape to seasoned local estate agent Willem Scholtz.

This lovely, low-maintenance townhouse in a secure complex is for sale through the new RealNet franchise in Sonstraal Heights for R950 000.
He says the franchise, which will shortly have premises in the popular Cobble Walk Mall, serves an up-and-coming market that attracts predominantly young buyers. "Demand is steady and prices are consequently on an upward trajectory. Easy access to Cape Town's CBD, nearby Durbanville and medical and shopping facilities and excellent schools in the area are major attractions."
Most buyers here are between the ages of 25 and 50 and first-time buyers typically target apartments to get a foothold in the market. Two-bedroom units in the Uitzicht area are available at prices of around R500 000 and are in strong demand, Scholtz says.
Newly-married couples and buyers with young families are active in the R1,2m to R2m price range, which incorporates comfortable townhouses with two or three bedrooms, a bathroom and one or two garages selling for up to R1,4m, and larger full-title units with bigger gardens selling for R1,4m to R1,9m.
Meanwhile professionals aged 30 to 50 and in established careers target luxury homes on the hill in Sonstraal Heights, where prices range up to R3,5m, he says. “Homes in this price range are large with three or four bedrooms, a study, two to three living areas, swimming pools, two garages and luxury finishes.”
The rental market is lively and offers investors a ready pool of keen tenants. Scholtz says young professionals just starting their careers are keen to live in areas such as Pinehurst, Uitzicht and Sonstraal Heights and that rentals range between R3800 and R6000 a month for units that sell for R680 000 to R850 000.
“Rentals thus cover a fair proportion of monthly bond repayments, but most investors are buying here because they are confident that the value of their portfolios will grow.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    • 14 Feb 2018
      While you may not have intended to place your home on the market, what do you do if you receive an unexpected offer on your home? In areas where demand outweighs the current supply of homes available to buyers, it is not unheard of to have buyers make offers on homes that aren’t on the market, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      If you are looking to sell your home this year, Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, says that there are five crucial things to do before the ‘for sale’ sign goes up.
    • 01 Feb 2018
      February is the month of love and to celebrate we will be posting about all the things we love this month. Follow the #MyPropertyLoves hashtag to keep up with our favourite things.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us