Rather than chasing unicorns in the real estate market, property investors can make an assured move with areas that offer guaranteed returns. Randburg is one to consider, boasting value for money, a range of properties, and a desirable lifestyle. The market has performed consistently over the years, holding its own in a tough economic climate. According to Leon van Zyl (MPRE), COO of Century 21 Living, this Gauteng gem is attracting savvy investors who know a good thing when they see it.
Why is Randburg so appealing?
"Randburg is a desirable destination for individuals and families seeking a harmonious blend of tranquillity, amenities, and opportunities," says Van Zyl. "Located in the north-west of Gauteng, it offers an extensive range of properties, from charming freestanding homes to modern apartments and cluster homes."
Van Zyl says Randburg remains popular as a premier commercial hub. "The area boasts a thriving business district, hosting numerous headquarters and office parks, making it an attractive hub for professionals and entrepreneurs. Shopping enthusiasts will delight in the variety of malls, including Northgate Shopping Centre and Cresta Shopping Centre, offering diverse retail and dining experiences," he shares.
"Randburg's appeal extends to its recreational facilities, including sports clubs, parks, and nearby attractions like the Lion & Safari Park and Cradle of Humankind. Families will appreciate the area's excellent schools, including dual-medium institutions, and access to quality healthcare," he adds.
As location can be a deciding factor for buyers and renters, Randburg's suburbs remain a top choice because of its accessibility. "The area's central location, proximity to Sandton, and convenient transportation routes make it an attractive choice for those seeking a balanced lifestyle," says Van Zyl. "With its unique blend of serenity, amenities, and opportunities, Randburg has established itself as a sought-after destination for those seeking a comfortable and fulfilling life."
What is driving property values up?
Since 2019, Property24 Trends shows the average sale price of Randburg property has risen steadily reaching R1,300,000 in 2023. Van Zyl believes this impressive property capital appreciation is the result of a combination of factors.
"The area's growing demand for lifestyle properties, driven by its desirability as a business hub, and its proximity to Johannesburg, has led to an increase in property values.
"Randburg also offers a diverse range of properties, from freestanding homes to apartments, and caters to various needs and budgets, contributing to the area's appeal.
"Furthermore, the conversion of commercial properties to apartments has boosted the supply of lifestyle properties, meeting the demands of semigrants and investors leveraging Airbnb models.
"Additionally, the area's strong economic growth, infrastructure development, and convenient location have made it an attractive destination for both residents and investors, driving up property prices and resulting in great capital appreciation."
How can you make a smart investment?
"Randburg's appeal and vibrant property market hold great potential. But making a good investment requires careful planning and informed decisions," says Van Zyl.
1. Research: Conduct thorough research on the area, understanding the local market trends, property values, and rental yields.
2. Location: Consider the proximity to amenities, public transport, and schools when selecting a property.
3. Property types: Choose the right property type, whether apartments or houses, based on your investment goals and target market.
4. Rental demand: Understand the strong demand for rental properties in Randburg and consider leveraging this demand for optimal returns.
5. Capital appreciation: Keep in mind the area's history of impressive capital appreciation, making it a promising long-term investment.
6. Regulations: Stay informed about local regulations, zoning laws, and any upcoming developments that may impact property values.
7. Professional guidance: Consider consulting with local real estate experts to ensure informed investment decisions.
Who should you partner with?
"Navigating the property market can be a challenge, especially for first-time buyers and aspiring investors building their portfolios," shares Van Zyl. "It will definitely pay off to team up with local area experts like Century 21 Randburg who can help you make a successful investment. As the go-to real estate agency, we have much to offer."
- Extensive experience: Trust in 80+ years of combined real estate experience among management and leadership.
- Professional expertise: Get advice from degreed business professionals with diverse backgrounds in fields like international business, law, accounting, and property studies.
- Premium services: Access in-house photography, videography, and drone services for high-quality marketing.
- Comprehensive property management: Benefit from Century 21 Randburg's trusted providers like TPN Credit Bureau and PayProp.
- In-house resources: Secure thorough property inspections, certificates of compliance, capital-free solar installations, legal expertise, and strategic partnerships with BetterBond for optimal financing solutions.
- Personal understanding: Have an experience built on trust and empathy as Century 21 Randburg's team are property developers and owners themselves.
"With our in-depth market knowledge and proven track record, Century 21 Randburg is best positioned to help you make an assured investment," says Van Zyl. "View our properties for sale and reach out to schedule an appointment to get started."