Hear from local property experts about the property market in the Point Waterfront in Durban.
Why do you think the Point Waterfront appeals to buyers?
It’s all about lifestyle, and for those who’ve bought or are renting there, the precinct more than delivers on its promises. Whether it’s verandas with sensational sea views for sundowners, or easy access to the beach, water sports clubs, uShaka Marine World or the endless promenade for cycling or walking, the Point lifestyle is as buzzing or as quiet as you choose. Buy-to-let investors are reaping strong permanent and holiday rental sums and tenants are drawn to the excellent security, lock-up-and-go environment, and proximity to amenities. With vast residential, retail and commercial development poised to go ahead the Point is poised to be a very smart longer-term investment.
Myles Wakefield: CEO, Wakefields Estate Agents
What types of properties are available and what prices could buyers expect to pay?
The Point is a safe and secure node within walking distance of the beach, uShaka and the promenade. It offers a superb lifestyle and this is why investors have bought units in the area. It comprises a number of sectional title apartment blocks, most with beautiful views and the area is renowned for its excellent security. A two-bedroom unit will go for around R1,5m to R2,5m depending on size and position. There are also three-bedroom units available from R2,1m up to over R4m. Most of our buyers are investors and people seeking holiday apartments in the hub of the beachfront area.
Carol Reynolds: Area principal for Durban Coastal, Pam Golding Properties
What do you personally love about the area?
The saying “live, work, play” is what I love about the Point Waterfront. I have lived here for almost nine years and I love the fact that I'm so close to work and to the ocean, beaches, harbour mouth and canals. The Point development has extended the so-called Golden Mile and in my opinion is going to transform the way people view the entire South beach area. The properties are well-priced and sales are picking up mainly because a growing number of holidaymakers (both local and foreign) are buying homes after visiting what many consider to be the best-kept secret in Durban.
Cecily Deetlifs: Principal, Tyson Properties, uShaka office
This article originally appeared in Neighbourhood, Sunday Times.
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