THE BIG MOVE FROM BUYING TO RENTING PAGE 3
360
PROPERTY
PICTURE: GUSTAVO FRING /PEXELS
Free State a haven for first-time buyers
EVEN THOUGH the Western Cape is the province where most people are looking to buy homes, an unlikely three are continuing a silent but steady upward trajectory in the background when it comes to first-time buyers.
In fact, Rhys Dyer, the chief executive of ooba Home Loans, says the Free State, Mpumalanga and Limpopo “lead the way” in this buyer segment.
This is largely due to the provinces’ affordability, value for money and the lure of people moving back to their home towns to start families.
During the first three months of the year, he says, the Free State came out on top, with 71.4% of all ooba’s home loan applications in the area being from first-time buyers. This was followed by Mpumalanga, with 59.4% .
“While affordability continues to dwindle amongst rates-sensitive first-time homebuyers, we are seeing healthy levels of activity in this market sector in the Free State.
“In March alone, 67% of the total home loan applications received for the region was from
BY BONNY FOURIE bronwyn.fourie@inl.co.zafirst-time homebuyers.”
Dyer says demand in the Free State can be largely attributed to the region’s capital, Bloemfontein, which has “enjoyed a healthy increase in total sales over the past few years”.
“Notably, the city registered its highest peaks over the past decade in 2021 and 2022, at 3 492 and 3 295 units respectively (sales of both freehold and sectional title units according to Lightstone).”
Lightstone also reports that 522 sectional title units and 282 freehold homes have been sold in Bloemfontein this year alone.
“From April 2022 to March 2023, nearly one-third of all homebuyers in Bloemfontein were classed as young adults –18 to 35 years – as per Lightstone.
We also speculate that the high volume of applications for
sectional title properties can be attributed to this segment.”
Mpumalanga, however, remains a strong contender as it continues to outpace in terms of property price performance and buy-to-let demand.
“Regardless of the climate, we are seeing brilliant results coming out of this tourism hot spot, with particular focus on Mbombela (formerly Nelspruit) as the much-trafficked corridor between Pretoria and Maputo in Mozambique.”
As a gateway to the Kruger Park, Dyer says, Mpumalanga also presents an excellent investment opportunity and has enjoyed heightened demand for investment/rental properties. Mbombela is enticing first-time homebuyers as developments continue to pop up.
Limpopo has enjoyed an average purchase price jump of 7.4% in less than a year, with the average price being R1.5 million as of March 2023, he says. The price of properties for first-time buyers has also seen a sharp uptick in a short time, rising from R918 500 in July 2022 to R1.295m in March.
“This means that the average first-time buyer price in Limpopo is now higher than the national average purchase price, a good indicator of property confidence in the outlying regions.
“Some of the demand can be attributed to the small town of Hoedspruit which has experienced notable momentum in the price of freehold homes and vacant land between 2020 and 2023. Agriculture and mining are key economic contributors in Hoedspruit but what really sets it apart for semigrants is the carefree lifestyle.”
Generally, throughout the country, millennials are increasingly heading to the property market, say agents from the Seeff Property Group.
Data from Lightstone confirms that this buyer demographic now comprises upwards of 30% to
42% of all property purchasers, especially in the main urban areas.
The millennial buyer market is mainly below R1.5m and they usually fall in the under-35-year age bracket. While affordability is a key driver, graduates with professional jobs tend to spend up to R2.5m, especially married couples, agents say.
Lightstone statistics show that the highest volume of millennial buyers tends to be in Gauteng which offers significant affordability. Young buyers can find excellent value in areas such as Randburg where up to 39% of buyers are younger than 35.
Samuel Seeff, the chairperson of the Seeff Property Group, says millennials view property as a good investment, and that this was evident from the “tremendous boost in sales” to the under-35year demographic during the Covid-boom when the interest rate was low.
Data from ooba shows that the average age of the first-time buyer for the first quarter of 2023 was 35. The average purchase price was R1.136m, an increase of 0.4% from the price during the same period last year.
2 19 MAY 2023
Bloemfontein is attracting high volumes of young, first-time buyers. PICTURE: SOUTH AFRICAN TOURISM/ WIKIMEDIA COMMONS
Affordability and value for money is making the province, and two others, a viable option
3 19 MAY 2023
4 19 MAY 2023 PICTURE: KIM STONE TO ADVERTISE IN KWAZULU-NATAL Sherine Budhram 0 84 460 7295 sherine.budhram@inl.co.za Antoinette Gilbert 083 793 5382 TO ADVERTISE IN WESTERN CAPE Abigail Wilmot 083 212 1141 abigail.wilmot@inl.co.za antoinette.gilbert@inl.co.za TO ADVERTISE IN GAUTENG National Listings
5 19 MAY 2023 CONSCIOUS LIVING RESIDENTIAL David - 072 385 4386 Tamsyn - 082 535 5457 Devin - 072 340 1323 Office - 021 425 8586 From R2.595 million (incl. VAT) www.TheHolly.CapeTown HOME IN HARMONY • Full back-up power • Panoramic city, sea & mountain views • Secure parking & excellent security • Airbnb & pet friendly • Art-deco inspired design • 2 penthouse suites with private jacuzzi terraces • 1 exclusive penthouse remaining with expansive jacuzzi terrace VREDEHOEK, CAPE TOWN www.ThePoplar.CapeTown PENTHOUSE LIVING VREDEHOEK, CAPE TOWN • Full back-up power • Panoramic city, sea & mountain views • Secure parking & excellent security • Airbnb & pet friendly • Contemporary design • 1 exclusive penthouse remaining with private pool • 1 private garden apartment From R1.85 million (incl. VAT)
6 19 MAY 2023 ALEXA HORNE 082 349 7799 PAUL UPTON 071 610 8088 SOUTHERN SUBURBS 021 671 0258 CONSTANTIA - R52 MILLION (VAT INCL. NO TRANSFER DUTY) EXPERIENCE OPULENT LIFESTYLE AMIDST PICTURESQUE VIEWS WHILE BEING COMPLETELY SELF-SUFFICIENT Poised at the very top of Price Drive, high above Constantia, this home is wrapped in the distant hum of the valley below and the sounds of the breezes across the trees of Table Mountain. The air is quiet, and the Northern aspect of the site affords wonderful sunlight, complete protection from the South Easter and an unparalleled view of the mountains and the Cape Town metropole as far away as Stellenbosch and Gordon’s Bay EXCITING NEW RELEASE Web Ref: RL12648 NATACHA NEUBURGER 083 449 9933 HEAD OFFICE 021 433 2580 MOUILLE POINT - R23.5 MILLION RARE FIND ON THE PLATINUM MILE WITH SENSATIONAL VIEWS Introducing this spectacular oceanfront apartment, a grand scale home offering uninterrupted ocean vistas, 3 bedrooms, 3.5 bathrooms and North, West, East and South facing exposures. Upon entry one is drawn into an expansive grand room flawless for entertaining with its incredible open living and dining room and large windows / sliding doors capturing the breathtaking views of the Atlantic Ocean Web Ref: RL12642 EXCITING NEW RELEASE dogongroup.com A visionary company with decades of experience
The apartment is well proportioned and is designed with top of the range modern fixtures, fittings and has biometric controlled access as well as CCTV cameras
7 19 MAY 2023 AN ISLAND OF CALM IN A PRIME LOCATION Suro, Sea Point offers a rare combination of location, luxury, affordability and convenience. VAT Incl. - No Transfer Duty SURO SEA POINT - FROM R2.9 MILLION Web Ref: ND76 LESLEY RENSBURG 061 439 8225 BESPOKE SOPHISTICATION You’ll relish time spent in your one-of-a-kind retreat. Enfolded by electric green forests, khaki bronze mountains, & cotton-candy skies. VAT Incl. - No Transfer Duty STEENBERG GREEN TOKAI - FROM R19,952,500 ALEXA 082 349 7799 PAUL 071 610 8088 Web Ref: ND23 A visionary company with decades of experience Rentals 021 433 2580 CHOICE SELECTION OF CAPE TOWN’S DEVELOPMENTS LIVE THE DREAM Offering the finest balance of tranquil lifestyle, this premier address is prized for its centrality, prestige, scenery, and unique views. VAT Incl. - No Transfer Duty MEDBURN VILLAS CAMPS BAY - FROM R22.315 MILLION PAUL UPTON 071 610 8088 Web Ref: ND65 A CHARMING HOME IN THE AVENUES This lovely family home is situated on a beautiful tree lined street in the Avenues of Bel Ombre. A fabulous garden, secure parking and excellent security CONSTANTIA UPPER - R9.995 MILLION Web Ref: RL12638 A RARE FIND IN HILLSIDE HEIGHTS This beautifully renovated, North facing apartment offers a stylish open-plan living area. Lock-up garage, 24-hour security on-site, beautifully gardens & pool GREEN POINT - R3.595 MILLION JAMES 082 485 2702 KEAGAN 082 902 8202 Web Ref: RL12669 NEW RELEASE A SLICE OF THE SPECTACULAR STRAND BEACH Stunning well-proportioned 2-bedroom unit, both en suite. Open-plan living area flowing onto well sized balcony with mountain outlook SEA POINT - R4,783,250 (VAT INCL. - NO TRANSFER DUTY) Web Ref: RL12668 LUXURY LIVING IN SEA POINT If you’re on the hunt for an affordable yet luxurious apartment in the coveted Atlantic Seaboard area, look no further than Suro Sea Point SEA POINT - R4.45 MILLION (VAT INCL. - NO TRANSFER DUTY) Web Ref: RL12666 IMMACULATE APARTMENT WITH SEA VIEWS This 2 bed apartment is a rare find. Located a short walk from the V & A Waterfront & adjacent to the convention centre, it is perfectly located for ease of living FORESHORE - R4.995 MILLION NATACHA NEUBURGER 083 449 9933 Web Ref: RL12667 ATTRACTIVE UNIT WITH PARKING & VIEWS 2 Bed, 1 bath apartment with a separate guest cloakroom & secure parking bay is now available in an excellent position not far from the beachfront SEA POINT - R3.55 MILLION ALISON ROBB 082 956 9506 Web Ref: RL12600 LESLEY RENSBURG 061 439 8225 NEW RELEASE NEW RELEASE
DE WATERKANT - R2.25 MILLION Web Ref: RL12670 EXCLUSIVE EXCLUSIVE NEW RELEASE
2
APARTMENT
APARTMENT WITH CITY & MOUNTAIN VIEWS Large windows and a balcony, you’ll be able to soak in these views from both inside and outside the apartment. The apartment also offers secure parking
LUXURIOUS
BED
GREEN POINT - R4.695 MILLION SERRYN 082 770 7680 JAMES 082 485 2702 Web Ref: RL12262
CLAREMONT - R5.5 MILLION MARK BECKER 083 283 2466 Web Ref: RL12460 GRAHAM 082 421 6764 SERRYN 082 770 7680 BERNICE 072 942 0548 SIMONNE 082 392 2669 LESLEY 061 439 8225 LEAH 082 608 3388 EXCLUSIVE NEW RELEASE NEW RELEASE
GREAT VISIBILITY ON BELVEDERE ROAD Don’t kick yourself put your office or practice on the map with this opportunity to negotiate on this neat and well-maintained property with on-site parking
FOR SALE
R 1 295 000
2 BEDROOMS | 2 BATHROOMS
SPACIOUS APARTMENT IN DIEP RIVER.
2 bedroom 2 bathroom apartment in Clarewood, Diep River, a short walk to the station, Martins Bakery and other local amenities, above the railway line.
• Fitted kitchen with electric oven, hob and extractor and plumbing for washing machine.
• Open-plan lounge with parquet flooring
•Two double bedrooms with an en-suite bathroom complete with bath and shower. • Covered Parking bay. • Prepaid electricity
ERF: 1471m2 | HOME: 70m2 | RATES: R 450 p/m | LEVIES: R 1500 p/m
PLEASE CONTACT:
Collin Mbiriri on 071 879 8564 or email cmbiriri@gmail.com or mmnyandoro@gmail.com
8 19 MAY 2023
PRIVATE
SALE
9 19 MAY 2023 Starting from R 905 000 PLOTS AVAILABLE New Development Nathan Green 082 603 5564 Corlia Cohen 071 604 8493 Sandown is another prestigious Milnerton Estates suburb, sold by Aska Property Group. Sandown grows on the success of surrounding suburbs with everexpanding and exceptional schooling, a private University, shopping districts and leisure destinations for residents.
RONDEBOSCH R2,6 MILLION
RONDEBOSCH R1,95 MILLION
MILLION
Spacious Three Bedroomed Apartment (123m²) above the Main Road in pretty garden setting. Fitted Kitchen and Bathroom. *Parking Bay. Walk to UCT,
Fitted Kitchen. *Garage. *Walk to Shopping Centres, Restaurants, UCT and Transport.
CONTACT: RHONDA C: 082 448 7795 T: 021 685 2212 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA
10 19 MAY 2023 CONTACT: RH ONDA C: 082 4 48779 5 T: 021 6 8 5 221 2 E : rr p sa l es@m web. c o.z a/ ww w. rh ond araa dp rop ert i es .co.z a
W e specia li se i n the S al es a nd Rent als of res i dentia l propert y i n the Southern Suburbs a nd Surrounds . Cont a ct u s t oda y f o r all y o ur Bu yi ng, Sel li ng an d Renta l need s on 082 448 7795 / 021 685 2212 . CONTACT US NOW: 082 448 779 5 Security Complex above Main Road. Large Three Bedroomed Apartment (127m²) with mountain views. Fitted Kitchen and Lounge with Balcony. *Plus Garage. *Close to UCT, Schools, Shops and Transport. ROND EBOSC H R1, 5 M I LL IO N Spacious North-Facing Two Bedroomed Apartment with Lounge and Balcony with Mountain Views. Bathroom with Shower over Bath. Fitted Kitchen. *Garage. *Walk to Shopping Centres, Restaurants, UCT and Transport. Small Security Complex above the Main Road. Large modernised Bachelor converted to One Bedroomed Apartment (46m²) with Kitchenette, Built-in Cupboards and Balcony. Shower Bathroom. Walk to UCT, Jammie Shuttle, Shops & Transport. Small Security Complex. Two Spacious Bedroomed Apartment with lounge leading to large Balcony. Fitted Kitchen & Full Bathroom. *Parking Bay. Close to Dean Street Shops, Restaurant and Jammie Shuttle Stop. RONDEBOSCH R1, 5 MILLION Spacious North-Facing Two Bedroomed Apartment with Lounge and Balcony with Mountain Views. Bathroom with Shower over Bath.
RHON D A R AA D PRO PE R TI ES
Jammie Shuttle, Main Road Shops & Transport. Security Complex Ecklenberg in pretty garden setting. Spacious Three Bedroomed Apartment (200m²) with Stunning Mountain Views. *Kitchen, Dining Room, Sun Room, Two Full Bathrooms, TV Lounge & Laundry Room. *Tandem Garage. *Close to Shops & Transport.
R5,3 MILLION CAVENDISH HEIGHTS R2,1 MILLION Charming Two Bedroomed Apartment (95m²) with Fitted Kitchen open to Dining Room / Lounge and Balcony with views. Full Bathroom and Sep Toilet. **Covered Parking Bay. **Walk to Kingsbury Hospital, Library, Restaurants, Jammie Shuttle, Shops and Transport! WHITEHALL COURT R1,35 MILLION Large One Bedroomed pied-à-terre Apartment with Lounge and Balcony & Stunning Mountain Views. 24HR Security Shareblock Complex. Fitted Kitchen. Shower Bathroom. **Garage. **Catering & Cleaning Services. **Walk to Shops, Baxter Theatre and Library! RONDEBOSCH R1,42
RONDEBOSCH
Small Security Complex! Delightful Two Bedroom Apartment in the
Lounge with
Kitchen with
Extractor Fan. *Shower Bathroom. *Walk to Michaels Restaurant, Leading Schools, Jammie Shuttle Stop & Park Art
*Many
features.*Close to Leading Schools, UCT, Shops, Kelvin Grove and Transport. RONDEBOSCH R2,2 MILLION Charming Two Bedroomed Apartment with Fitted Kitchen (with built-in Oven, Hob and Extractor Fan) open plan to Lounge and Balcony. Two Bedrooms with Ample Cupboards. Bathroom with Shower over Bath, Toilet and Basin. **Plus Carport. Academic Mile - Walk to UCT!. ROSEBANK R1,65 MILLION Security Complex in Pretty Garden! Spacious Three Bedroomed Duplex Apartment (115m²) with Two Balconies and Mountain Views! Lounge, Dining Room, Fitted Kitchen (in need of TLC,) Full Bathroom & Guest Toilet. Parking - first come, first serve. *Walk to UCT, Jammie Shuttle, Shops & Transport. VIEW BY APPOINTMENT. TO VIEW THESE AND MORE PLEASE CONTACT RHONDA ON 082 448 7795 Modern, 86m², 2 bed, 1 bath, o/p kitchen living area, nice sized balcony with mountain views, 1 remote garage. Renate 072 502 4391 will meet you at Joyryl Court, 23 Belle Ombre Road ON SHOW 3 -5 Tamboerskloof papstproperties ON SHOW 3 – 5 Gardens R 2 490 000 Perfect positioned Building surrounded by shrubberies and trees. 2 bedrooms, lounge/dining room, 1 bathroom, kitchen, large balcony. This unit can be transformed into a spacious home.. Renate 072 502 4391 will meet you at 2 Strathmore Court, 3 Krynauw Street, Gardens. Sole Mandate ON SHOW 15:00 UNTIL 17:00pm
Golden Mile.
spacious Balcony. Fitted
built-in Oven, Hob and
Deco Security Complex in pretty garden setting. Charming Two Bedroomed apartment (99m2) with Fitted Kitchen & Bathroom with & Shower Cubicle and Basin. *Separate Toilet.
extra
11 19 MAY 2023
Bidding opens 23rd May 2023 at 12h00
https://bidlive.maskell.co.za
PRIME 304m² COMMERCIAL OFFICE SUITE LOCATED IN TOWNBUSH OFFICE PARK, MONTROSE
Duly instructed by virtue of a Power of Attorney
Section 18, in extent of 304m², together with its undivided share in the common property (Door no 8, 1st Floor, Building C) The property is situated on the eastern corner of the 1st floor & accessed via a staircase / elevator The unit has been split into two areas: The larger portion comprises a reception with archives room and kitchenette The unit has partitioned offices centered by a large common office. The smaller of the two areas has a reception and further partitioned offices There are 5 exclusive -use basement parking bays and 7 shaded parking bays
Contact Danielle Hoskins (Candidate Property Practitioner l Registered with the PPRA) on 082 801 6827 / 033 397 1190 • R50000 buyer's card deposit payable by EFT • 10% (+ VAT) deposit on the purchase price payable on fall of hammer by successful bidder; 6% (+ VAT) Auctioneer’s Commission payable by Purchaser on confirmation of sale • FICA to be provided • “Above subject to change without prior notice • Sale subject to confirmation (E&OE) *Automatic staggered ending times
12 19 MAY 2023
13 19 MAY 2023
PRIME LOCATION
OPPOSITE MELROSE ARCH ON ATHOLL-OAKLANDS ROAD!!
2 BEDROOM TOWNHOUSE WITH SOME APPLIANCES!!
ONLINE INSOLVENCY AUCTION
In liquidation: Mbalika Health and Wellness Group (Pty) Ltd Master ’s ref: G1226/2022
ONLINE BIDDING: 12:00, 6-7 JUNE 2023
BID AND REGISTER: www.vansauctions.co.za
AUCTION OF: DOOR 3 MELROSE PLACE, 51 ATHOLL-OAKLANDS ROAD, MELROSE NORTH, GAUTENG
R50,000 registration fee, 10% deposit plus commission & Vat on commission. Bidders to register & supply proof of identity and residence.
www.vansauctions.co.za
14 19 MAY 2023 ONLINE BIDDING: 12:00, 21-22 DECEMBER 2021 BID AND REGISTER: www.vansauctions.co.za LOT 1: PROPERTY Extent: 67 m² Improvements: Simplex - 2 bedrooms, 1 bathroom, open plan kitchen and living area, small garden and covered parking bay - Communal swimming pool in the complex LOT 2: LOOSE ASSETS AS ONE LOT - Meireles Fridge, stove, Defy washing machine & dishwasher Auctioneer ’s note: Excellent investment, ideal for first time buyers! WEB22/0303
Regulations to Consumer Protection Act:
Rules of Auction to be viewed at 36 Gemsbok Street, Koedoespoort Industrial, Pretoria. Tel 086 111 8267 | Auctioneer: Anton Shand
BIDDERS TO REGISTER ONLINE, REGISTRATION FEE
R50,000 PAYABLE VIA EFT ONLY, FICA DOCS REQUIRED TO BE ABLE TO REGISTER.
OF
AGENTS’ DIRECTORY
DOGON GROUP PROPERTIES
Atlantic Seaboard
Office 021 433 2580
thekings@dogongroup.com
www.dogongroup.com
RHONDA RAAD PROPERTIES
Cape Town Office 082 448 7795
Email: rrpsales@mweb.co.za
www.rhondaraadproperties.co.za
ASKA PROPERTY GROUP
Sandown, Milnerton Estates Office 071 604 8493
Email: corlia@aska.co.za
www.askaproperty.co.za
DOGON GROUP RENTALS
Sea Point Office 021 433 2580
enquiries@dogongroup.com
www.dogongroup.com
DE PLATTEKLOOF
Cape Town 060 960 0100
Email: live@deplattekloof.co.za
www.deplattekloof.co.za
IRENE PORTER PROPERTIES
Simon’s Town Office 021 786 3947
Debbie 073 140 2543
www.ireneporterproperties.co.za
DOGON GROUP PROPERTIES
Southern Suburbs, Claremont Office 021 671 0258
southernsuburbs@dogongroup.com
www.dogongroup.com
PETER MASKELL AUCTIONEERS
KZN
Office: 033 397 1190
Email: info@maskell.co.za
www.bidlive.maskell.co.za
MURAMBI HOUSE
Wynberg Office
murambihouse@telkomsa.net
www.murambi.co.za
Address:
DOGON GROUP PROPERTIES
Western Seaboard
Office: 021 556 5600 or 021 433 2580
enquiries@dogongroup.com
www.dogongroup.com
VAN’S AUCTIONEERS
Gauteng Office 086 111 8267
www.vansauctions.co.za
www.iolproperty.co.za
WIDENHAM RETIREMENT
VILLAGE South Coast, KZN 066 306 0669 / 066 306 0612
www.hibiscusrv.co.za
www.widenhamretirementvillage.co.za
15 19 MAY 2023
PROPERTY 360
Murambi House We have a dedicated care of our people WE OFFER THE Private Rooms • Frail Care Centre • Alzheimers & Dementia • Fully equipped • 24 Hour Professional • Three fully prepared • Laundry, Daily Activities as arranged Tuckshop available Landscape Garden Water feature All our facilities NEW easily
Langley Road & Wellington Avenue,
Cnr
Wynberg,
16 19 MAY 2023 Have you discovered these digital magazines yet? To receive all our FREE digital magazines directly to your mailbox, email iol.magazines@inl.co.za with the word Digital. Advertising Sales queries: Charl Reineke | charl.reineke@inl.co.za Click here to read our magazines now.