Seeff Property Group recently asked their principal estate agents across the Gauteng region to share which suburbs they predicted would be great areas to invest in now for exponential future returns.
The agents were also asked to give reasons why they believed these areas to be good investment hotspots.
Here’s what they had to say:
Seeff’s principal in Sandton, Charles Vining, said that investing in property in Parkmore now will pay off handsomely in 10 years.
“Parkmore is on the doorstep of Sandton and is popular with young families who may be working in the Sandton CBD. It has a park-life appeal and it’s fast attracting trendy foodies to the local restaurants and coffee shops,” said Vining.
“Local security companies have worked hard to maintain a secure environment that appeals to family and local sports club has had several upgrades recently. This deliberate suburb upliftment will result in steady price growth over the next few years.”
Vining also notes that investing in Kyalami now would also be a good move. He says that while the racetrack has been quite an attraction, the recently built Mall of Africa has given people more reason to “want to be in the neighbourhood”.
“Large corporations are ahead of this already, having built mega-offices in the area and others begin breaking ground soon. As these corporates head offices open, the attraction of living nearby in a suburb full of choices will drive prices up and in 10 years, an investment here will pay off handsomely,” he said.
Seeff’s principal in Randburg, Chris Hajec, explained why he believed Randburg is set to be a property hotspot in the next 10 years.
“First-time home buyers are increasingly hard pressed to find entry-level price points available for full title homes for R900 000-R1 million and therein lies the potential for a disproportionate rise in appreciation in the last holdout suburbs left in that price range and one where the average home buyer will be glad they invested in Randburg 10 years from now,” Hajec said.
LINBRO PARK (SANDTON), MODDERFONTEIN
Seeff’s principal of Edenvale and Bedfordview, David Ingle, believes that Linbro Park and Modderfontein are great investment areas.
“These areas will present opportunities in the residential space, with cluster homes, sectional title apartments and high-rise apartments eventually on offer as well. In addition to the residential opportunities, there will also be a number of commercial, retail and office development opportunities,” he said.