With high costs of living in mind, there's still plenty of silver linings in the real estate market. The repo rate is holding steady at 8.25% with signs of future cuts. Soaring home loan approval rates at competitive terms are putting smiles on the faces of potential homeowners. This year also saw an uptick in the transfer fee threshold; now, the first R1,1 million of any property purchase remains tax-free.
And here's more good news: parts of the country like Brakpan still boast affordably priced property. According to Rina Fourie, Principal and Owner of Century 21 Brakpan, the area allows you to both buy or rent a home within your means without sacrificing comfort and convenience.
Stretch your rand in Brakpan
"The current property market in Brakpan is highly competitive in terms of affordability, especially when compared to neighbouring areas," says Fourie. "While property prices have seen modest increases, they remain relatively lower than those in nearby cities. This affordability factor has been a significant draw for individuals and families seeking more budget-friendly housing options."
According to the latest ooba Home Loans oobarometer, the average house price in South Africa is R1,426,656. Brakpan, in comparison, remains within budget. While the average Brakpan home sale price has grown steadily since 2016 (according to Property24's Trends and Statistics), it's only at a high of R702,450. For renters, PayProp's most recent Rental Index says the average national rent stands at R8,294. However, in Brakpan, a family can easily find a two-bedroom home under R6000.
"The cost of living in Brakpan is also generally lower than in many neighbouring areas. After you buy or rent here, you'll find it easy to save on expenses that can add up on a daily basis," adds Fourie.
Pinpoint your perfect property
Whether you're a family or a retiree, Brakpan caters to all tastes and preferences. "The area has a range of budget-friendly properties for sale and rent," says Fourie. "You can find apartments, townhouses, and even some smaller single-family homes that fit within a budget-friendly range. These properties often offer adequate space and amenities while maintaining affordability, making them accessible to a wide range of potential buyers and renters."
All parts of Brakpan hold potential, but Fourie believes there are some suburbs to keep an eye on for exceptional value for money. "Dalview, Dalpark, and Kenleaf are definitely worth considering. These areas feature a mix of well-maintained properties, good amenities, and proximity to schools and shopping centres, making them attractive to budget-conscious buyers and renters. The value lies in the balance between affordability and quality of life," she says.
Explore the area's appeal beyond the tag
The affordability factor definitely tops the list. But, what about the area itself? According to Fourie, Brakpan has amenities for all your needs. Schools like Curro Helderwyk, Dalpark Private School, Brakpan High School, and Hoërskool Stoffberg can set your children up for success. Mall@Carnival and Tsakane Mall make shopping a breeze while local Life Dalview Hospital caters to healthcare needs.
The area also has a wealth of leisure activities: you can practise your swing at the Royal Oak Country Club or State Mines Country Club, enjoy gaming thrills at Carnival City Casino and Entertainment, or picnic at Jan Smuts Lake.
Tips for finding an affordable home
There's much to love about Brakpan, and eager buyers and renters will benefit from taking advantage of current market conditions. However, it's best to have a plan of action in place, cautions Fourie.
"For those looking for an affordably priced home in Brakpan, start by setting a clear budget and sticking to it," she says. "Consider suburbs like Dalview, Brenthurst, and Minnebron for great value. Be open to exploring different property types, as apartments and townhouses can often be more budget-friendly than standalone houses. Lastly, work with a local real estate agent who knows the Brakpan market well; they can help you find the best deals and negotiate effectively on your behalf."
Partner with Brakpan's property experts
On the last point, Fourie believes Century 21 Brakpan is the top choice in real estate services for buyers and renters in the area. "As part of the Century 21 brand, we boast a unique blend of global reach and local expertise," she says. "Our experienced professionals leverage cutting-edge technology to provide personalised service, tailoring every transaction to your specific needs. We implement a comprehensive marketing strategy and excel in negotiations to secure the best outcomes for our clients.
"Over and above this, community involvement, transparent communication, and a customer-centric approach are at our core. We measure our success by your satisfaction and success. Century 21 Brakpan stands out as a real estate agency committed to excellence, delivering a world-class experience with a personal touch, and achieving your real estate dreams. We encourage you to view our properties for sale or properties to let, and don't hesitate to reach out for our expert assistance."