Buying a home is an exciting experience. Having your very own place is the South African dream and one that brings great independence and fulfilment. If you're a first-time buyer in Brakpan, you're in luck. With suburbs that offer good value for money, Brakpan rolls out the welcome mat for new homeowners. Plus, favourable market conditions are firmly on your side.
Brakpan's property market
According to Property24's trends and statistics, Brakpan is seeing immense interest from young homebuyers. In the last six months, 37% were aged 18-35 while just over 40% were aged 36-49. Many of these demographics are first-time buyers taking advantage of the current buyer's market.
As a Brakpan buyer, you can enjoy the historic-low prime lending rate of 7% which makes it easier to repay your home loan. You also have the chance to qualify more easily for a home loan. Banks have been increasingly approving 100% home loans; ooba, the leading bond originator, says 80% of its customers have been approved for 100% loans, with some of its clients putting down an on average deposit of 9%.
In February 2020, the National Treasury raised the zero-transfer fees threshold. If you're buying a Brakpan property costing R1 million or less, you'll no longer have to pay a transfer fee duty.
The Finance Linked Individual Subsidy Programme (FLISP) can help you get your foot on the first rung of the property ladder. If you have an income between R3 501 to R22 000, you can qualify for a subsidy of up to R121,000 to lower your home loan monthly payments.
Brakpan also has an active residential property market at present. Century 21 Brakpan has a range of properties available for sale in the area including free-standing houses, townhouses, farms, guest houses, and flats.
Top suburbs in Brakpan
Brakpan's properties remain a popular choice for first-time buyers. Its affordability means you can pick up real estate from as low as R300,000 while still remaining close to areas like Boksburg, Benoni, Springs, and Johannesburg. Boksburg's suburbs provide a wealth of amenities, attractions, and solid infrastructure for a comfortable lifestyle.
1. Sonneveld: This suburb is highly sought after for its prime location. It is near schools, hospitals, the N17 highway, and the famous Carnival City Casino and Hotel and Mall @ Carnival.
2. Brakpan Central: The heart of the Brakpan area provides spacious family homes; you can easily pick up a five-bedroom property complete with a yard and place to fit in that home office.
3. Brenthurst: The suburb of Brenthurst takes its name from the home of the Oppenheimer family. The historic area's amenities include a KWIKSPAR, post office, primary school, church, a Pick 'n Save, and restaurants.
4. Dalpark: One of Brakpan's most vibrant suburbs, Dalpark offers shopping at Mall @ Carnival, gambling at Carnival City Casino and Hotel, bowling at Kokos Bowling Center, and park activities at the scenic Van Wyk Dam.
5. Dalview: This suburb will help you prioritise your health. It boasts the Dalview Life Hospital and fitness centres like Vitafit Wellness Centre and BLAK Fitness Circle.
6. Rand Collieries: This area of Brakpan is known for having a variety of real estate options from tranquil farms, secure complexes, large houses, and vacant land to build your dream home.
7. Kenleaf: The upmarket suburb of Kenleaf is desired for its prime location. It is served by a good transport network and provides access to a major highway. This gets you to Johannesburg, Pretoria, O.R. Tambo International Airport, and the rest of the East Rand.
8. Anzac: Well-maintained starter homes abound in this peaceful suburb. Anzac is also close to the Royal Oak Country Club and Jan Smuts Dam for fun outings.
Follow the flock to Brakpan
Brakpan's affordability, prime location, and beautiful houses are attracting many first-time buyers. Take a look at Century 21 Brakpan's properties for sale to find your ideal space. Looking to rent instead? You can view our properties to let if you want to enjoy flexible living in Brakpan.