Randburg property is blossoming

Randburg property is blossoming

Private Property South Africa
Press

Randburg properties – especially those located in the areas bordering Sandton – are sought after for many reasons.

Not only does Randburg offer a wide variety of suburbs to suit every pocket, but suburbs like Greenside, Linden and Jukskei Park (all bordering Sandton) are generally also more affordably priced than the Sandton suburbs.

Another benefit is that these suburbs offer easy accessibility to the Sandton CBD where many of the residents are employed.

Greenside

Duane Butler, GM of Seeff Randburg, says Greenside is an excellent example of one such a suburb that offers close proximity to the CBD, while also boasting excellent growth in property values at the same time.

According to Lightstone, the median price of freehold property here increased from an average of R1.8 million in 2009 to an average price of R3.0 million in 2019

Butler continues that while lifestyle estates in Sandton and Fourways are especially attractive to many upper end buyers, Randburg’s appeal lies in the fact that the area still has many family homes located in close proximity to important business nodes.

Linden

“Demand for properties near good schools is still recognised with especially the Linden area showing incredible investment opportunity.

Investors that obtained property in Linden a few years ago would certainly appreciate the gem in their property portfolio today.

Property prices of freehold homes in Linden escalated from a mere R1.450 million for an average home in 2009 to an average price of R2 650 million in 2019, for example.

Sectional title units in the suburb started at an average price of R780 000 in 2009 and are now averaging at around R1 850 million.

In addition to top class schooling, Linden also offers a variety of eclectic restaurants and trendy coffee shops as well as a wide variety of property options for potential investors to choose from”.

Jukskei Park

Butler adds that the demand for homes in the northern region of Randburg close to the Fourways business node is also continuously on the rise.

“To this end Jukskei Park provides an excellent investment opportunity with lower rates and taxes than in Sandton, while also still offering easy accessibility to the Fourways business node.

If you purchased a property in Jukskei Park a few years ago you will definitely be reaping the rewards today as average property prices here have increased from R1 090 million in 2009 to R1 850 in 2019.

The average buyer profile in Jukskei Park is also a much younger buyer. This stimulates growth and renewal due to upgrades and renovations on property”.

Butler concludes that the proposed extension to the existing Gautrain station between Sandton and Cosmo City as well as the link with Lanseria Airport should prompt demand for various surrounding areas and create a positive stimulus for the suburbs nearby.

“When the proposed Gautrain station in Randburg takes effect, owning an investment property in an area like Ferndale for instance could be a very good asset.

Other areas for investors to consider include Randpark Ridge, Sundowner and Northcliff”.

Tagged In:

Area Info Seeff

Share:

Found this content useful?

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

Related Articles

Estate agent Q&A on Midstream
Hear from local property experts about the lifestyle and property market in Midstream, Centurion East.
The Missing Link
Local authorities will have to address infrastructure issues before it impacts on Cape Town's future development growth.
Where to find a home under R2 million in Cape Town
Looking for a nice suburban home in Cape Town? Here's where to find the best deals under R2 million in the Mother City.
Buying? Here’s why choosing the right neighbourhood is so important
When buying property, the lifestyle on offer is just as important as the house itself. These are some important things to consider.