Opportunities rife in Fourways property market
The morning and afternoon commute between the East Rand and north of Johannesburg can be a nightmare, so if you are listing your property for sale in Germiston to head north, here are some good reasons to keep your eye on the Fourways property market.
Being tucked away on the East Rand while having to travel to the north every day can become a little tiring, so if you are looking at listing your property for sale in Germiston and starting a new adventure, then you may want to keep an eye on Fourways.
This caters to those who are looking to make their first investment into property, as you want to ensure that you choose an area that offers excellent growth potential, and there are not many other spots that can rival what is going on in Fourways.
In fact, experts in the property market are already starting to declare that Fourways may go on to rival some of the more popular, established areas in the province.
Just take a look at what Sandra McKenzi, head of Adrienne Hersch Properties’ Olivedale Branch, said, “Fourways is quickly becoming an entertainment, retail, commercial and residential hub that rivals Johannesburg and Pretoria CBD precincts such as Sandton, Rosebank and Menlyn.”
She also pointed out that Fourways is one of the fastest growing commercial and residential nodes in Gauteng at present. Despite the rapid expansion, demand is strong and this is quite impressive considering the current financial climate in South Africa.
When it comes to pricing, you will need to dig a little deeper to secure your space here, but for what is available to you, prices are actually fairly reasonable. If you are moving with a family, you might be interested in a free-standing house, which means that you would need around R1.6 million or more to break into the market.
However, investing your money into the Fourways property market could be a very smart move and as development continues, your profits could soar once you eventually decide to sell once again.
