Golf Estates: Are they Sustainable in the Long Term?

Private Property South Africa
Belinda Mountain

Top-notch security, an outdoor lifestyle, private schools, shops, and of course those rolling fairways as your view – it’s easy to see the attraction of golf estates as self-contained, secure villages. But for property owners on these estates, as well as the estate owners themselves, are they a good financial investment in the long term?

According to property analyst Lightstone, some of them certainly are. Dainfern Golf Estate in Johannesburg’s Northern suburbs, for example, has seen 24,9% year-on-year price increases.

“There is now probably no one area that is quite so sought after as Dainfern Golf Estate”

say Rawson franchisees Steven Goosen and Lisa Burgess. “Its innate quality and high prices put it in a class all of its own.”

Dainfern now has 1,200 completed housing units in 11 separate villages, with prices varying from R3,5m to R12m. The estate is the only gated village in Gauteng to have a top ISO 9,000 security rating. Nadine Smyth, a Dainfern resident, says that she chose it because she “loves the sense of freedom the security gives her, and the associated lifestyle, even though I don’t actually play golf regularly”.

This seems to be a noticeable trend. Property specialist Simon Black, from Black Pepper Properties, named a number of other Gauteng golf estates on the outskirts of Johannesburg that aren’t doing quite so well.

“Blair Atholl, Copper Leaf, Pecanwood – all of them are struggling financially and one of the reasons it that fewer residents (and visitors) are playing golf, which means less money to maintain the golf facilities.”

But why are people playing less golf? Because it’s an expensive and time-consuming sport when compared with other hobbies, and our time-poor lifestyle and shrinking disposable income means it’s hard to justify spending money and time on it. With all these factors making golf less of a priority in people’s lives, the future of new golf estates in this country looks to be an uncertain one.

This article originally appeared in Neighbourhood, Sunday Times.

Looking to sell your home?
Advertise your property to millions of interested buyers by listing with Private Property now!
Find out more


Found this content useful?

Get the best of Private Property's latest news and advice delivered straight to your inbox each week

Related Articles

Exciting new mixed-used development for Bryanston
The Hub, a mixed-use development will ease some of the demand for both commercial and residential space in the Bryanston area.
Braamfontein becoming more popular with young professionals
Young professionals who work in the nearby tech companies and innovation hubs are snapping up property in the area in order to live close to where they work.
What homebuyers can get for R2 million in Gauteng’s top areas
For R2 million and even a little less you can buy a lovely home in a sought after area in Gauteng no matter where you choose to live.
The reason Rosebank’s property market is expected to keep growing
Strong demand for residential apartments in Rosebank is predicted to continue in spite of the struggling economy.