Interested in moving to the ultimate work, live, play area in the country? This is what you will pay for property in and around Sandton.
Sandton is the financial and commercial powerhouse of Gauteng and the national economy. With a multitude of big businesses and banks headquartered in the area, the area offers many employment opportunities. It’s not just employment opportunities that make it a popular area to live in, Sandton and its surrounding areas also offers an attractive urban lifestyle with world-class restaurants, drinks venues, Sandton City high-end shopping mall, entertainment and five-star hotels. In short, Sandton is the ultimate work, live, play destination in the country and as a result, demand for residential accommodation in and around the Sandton city centre continues to grow and flourish.
We analysed the data for the Sandton and Bryanston (North) area on the Private Property website to see which were the most popular suburbs in May, and what property costs in each of them. Our analysis is based on data from our website and popularity is based on the number of views per property in the suburbs.
Property prices in Sandton's most popular suburbs
1. Magaliessig (Median Price R1 920 000)
The Magaliessig Action Forum has implemented some excellent security initiatives which has made the suburb attractive to those who are concerned about safety. In addition, the suburb enjoy excellent transport links and is close to shops and schools.
Asking price by property type:
House: R3 199 000
Flat: R999 000
Complex: R2 099 000
2. River Club (Median Price R3 900 000)
There has been a steady rise residential development is River Club and this has made it attractive to professionals and young families. Although it is located within an easy commutable distance to Sandton and Bryanston, the tree-lined streets offer an appealing contrast to the hustle and bustle of those commercial centres.
Asking price by property type:
House: R4 499 500
Flat: R1 699 000
Complex: R2 990 000
3. Parkmore (Median Price R3 699 000)
The peaceful suburb of Parkmore is popular with families due to its convenient location and suburban lifestyle. Parkmore has real park life with a beautiful spruit and open areas, along with a strip of restaurants and bars.
Asking price by property type:
House: R3 724 500
Flat: R1 420 000
Complex: R2 175 000
4. Gallo Manor (Median Price R2 900 000)
According to a recent report by Lew Geffen Sotheby’s International Realty, Gallo Manor offered the highest price growth of all Sandton suburbs last year where 38 sales achieved an average sale price of R2.75m, 24% more than R2.21m realised by 34 transactions in 2016. Much of the area is boomed off for security and the suburb offers a tranquil lifestyle with tree-lined streets and large gardens.
Asking price by property type:
House: R2 999 999
Flat: R1 550 000
Complex: R2 495 000
5. Woodmead (Median Price R3 300 000)
Many residents who move to Woodmead tend to live in the area for a long time, largely due to the fact that area’s infrastructure and close proximity to major nodes greatly facilitates daily work commutes. Although large parts of Woodmead are commercial in nature, its residential property market is still appealing due to the Johannesburg Country Club, the presence of good schools and nearby retail and restaurant options.
Asking price by property type:
House: R4 200 000
Flat: R1 449 000
Complex: R3 100 000
6. Bryanston (Median Price R3 990 000)
Bryanston has retained its popularity as a leafy family-friendly suburb. Residents love the strong sense of community in the area, the convenient location close to major roads and the presence of excellent schools like Bryanston High School, St Stithians College and Brescia House School. The Bryanston Country Club offers a golf course, bowling greens, squash and tennis courts and swimming pool for active residents.
Asking price by property type:
House: R5 950 00
Flat: R1 650 000
Complex: R 3 395 000
7. Buccleuch (Median Price R1 400 000)
Buccleuch is one of the most affordable suburbs in the Sandton and Bryanston (North) area, second only to Rembrandt Park which has a median price of R1 250 000. The area has a wide selection of property available, from sectional title developments on the western side to freehold properties on the eastern side. The area is well-positioned to get to anywhere in eastern Johannesburg or Pretoria.
Asking price by property type:
House: R2 325 000
Flat: R695 000
Complex: R1 292 500
8. Hurlingham Manor (Median Price R3 500 000)
Much of the property in Hurlingham Manor is new and buyers are opting for these smaller and more manageable units. The area has much to offer residents, with professionals in particular are drawn to Hurlingham due to its proximity to the Sandton CBD, private schools, shopping centres and medical centres.
Asking price by property type:
House: R3 500 000
Flat: R2 350 000
9. Sandhurst (Median Price R15 900 000)
This Johannesburg suburb is home to some of the most exclusive and expensive property in the country. A palatial home in the suburb is currently on the market for an impressive R150 million. Wealthy buyers are drawn to the large homes, security and excellent location.
Asking price by property type:
House: R25 250 000
Flat: R2 774 500
Complex: R13 000 000
10. Rivonia (Median Price R1 780 000)
Quiet, leafy lanes and upmarket property have seen this accessible suburb retain its popularity with different types of buyers. The area offers a range of property from large freehold properties in quiet, leafy lanes, to an increasing number of upmarket sectional title and cluster developments. The area is accessible with many amenities close by for residents.
Asking price by property type:
House: R4 125 000
Flat: R1 400 000
Complex: R3 250 000
Background
This report is compiled using search activity and median asking prices of residential properties listings on Private Property’s website in May 2018. To maintain consistency over time and assist comparison between areas, data is only presented for areas with 50 or more listed properties and grouped by the following common attributes of residential properties in South Africa: • type (houses, townhouses or flats)
Some effort is also made to exclude outliers from the analysis. A feature of Private Property’s Report is that it provides insights based on current asking prices rather than the eventual sale prices of property transactions. This is an important distinction, as the two measures provide slightly different insights into the property market.
Private Property’s median asking price data provides a view of all properties being offered for sale on its website. This has the advantage of including insight into many more properties than are eventually sold in each quarter. Although asking prices are usually slightly higher than sale prices, they have an advantage of being available to analyse well in advance of the eventual transactions. Care must be taken when interpreting prices of listings on Private Property’s website, as it differs from some analysis of sale prices that track individual properties as they are offered for resale over time.