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PROPERTY: Best-Buy Investment Hot Spots Of Johannesburg and Pretoria


Recent Gauteng Business News

AS THE property market shifts towards favouring buyers in a many areas of the greater Johannesburg and Pretoria metropolitan, Seeff’s principals across the area point out that it remains as ever, a good time to invest in real-estate.

Gerhard van der Linde, MD for Seeff Pretoria East says that it is important to over the past 40 years, property values have shown great positive nominal increases with statistics showing only three periods of decline over this time frame. That said, he adds, investors must remain very careful when considering investing. The same principles should always be adhered to, namely:

When investing with the intention to rent the property, make sure that tenants are properly screened and confirm a good track record, credit history and affordability. These checks will be done by a reputable rental agency.

Calculating Yield on Investment

Look for properties that are in a good state of repair, and that will require little maintenance. Finally, establish what additional monthly costs are required such as levies, special levies, rates and taxes in order to calculate the net yield on the investment.

Van der Linde goes on to point out that properties in the R600 000-R900 000 price range offer the most attractive options for investors in the Pretoria East area as they are in high demand. Closer to bus and Gautrain routes, the high demand properties are priced a little higher in the R1.3m range.

In the upper end areas, you cannot go wrong with Waterkloof and surrounds as these are highly sought-after suburbs for their excellent capital value growth on an investment, convenience and facilities. For luxury buyers, the value on offer is superb.

Steve van Wyk, MD for Seeff Centurion meanwhile says that the area is now largely a buyers’ market and the number of properties for sale has increased by 50%. At the same time, buyers have decreased by 40%, so it is a double whammy. Properties that are selling are those in the R1m-R2m price bracket. Townhouses for many reasons, including security, have become particularly popular.

The Top Investment Areas

That means that for those with the means to buy, it is a good time to invest in the area, but be sure to work with a credible agent. The banks are tightening on lending, so buyers need to be sure that they qualify.

The best areas to invest in right now in the Centurion area include Eco Park, Amberfield, Thatchfield and Brooklands Estate – these are all estates offering good returns with security and easy access to highways, he says.

In the north of the city, there is a strong demand for rental accommodation in the R5 000-R6 000/month range, so it would be wise to invest in this range according to Lynne de Vos, Seeff licensee for Pretoria North. The three best areas to make an investment in the Pretoria North region right now are Montana Park, a high end suburb close to the N1 which helps for the traffic to Johannesburg and which has all amenities close by. She says it is a 'settled' suburb with houses ranging in the R2m-Rm range.

A second hot spot, is Danville, an area in the western part of Pretoria. We recently advertised a house and received thirty hits on it in a week, she says. The agent sold it to the first person who saw it and we have a few back-up offers. The area is close to town for easy access to the CBD. The migration from the outer parts of Pretoria to areas closer to town is happening at a rapid speed. The third hotspots, is Soshanguve XX, a new extension with housing which is a step-up and offers affordable simplex-styled houses. Whenever we have a property in Block VV or XX it sells very quickly, she adds.

A Buyer's Market for Certain

The North-west of Johannesburg meanwhile continues to offer outstanding value according to Pat Evans, Seeff’s Sales Manager for the Randburg area. She says that with prices flat right now combined with a large amount of properties on the market, it is most certainly a buyers’ market here.

The rental market is also very active at the moment pushing rents up and making it easier to find suitable tenants. On the down side, she says, the "bargain" properties will almost certainly need attention and TLC. However, having improved these properties the new owners should see a good up-tick in market value.

The best investment spots in the Randburg area right now include Weltevreden Park as it offers a middle price range, is a pleasant leafy suburb with excellent access to all amenities. Linden is in the upper price bracket, but offers large homes on large stands, a central position and is popular with families for the good schools in the area. Northcliff is a superb area for stunning expensive homes and offers very good value for money with a very central position, lovely elevated position for stunning views and easy access to the Johannesburg CBD, West Rand and Sandton.

Northcliff is also a fabulous alternative for upper income buyers looking to escape the Sandton traffic according to Norah Wittingham-Jones and Cynthia Todd, Seeff agents for the area. It offers an excellent selection of top end luxury homes in the R6m-R9m price range to around R16m for a spectacular top end property with stunning views.

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