We’ve compiled a list of the most popular suburbs in Gauteng and what you can expect to pay for property in these areas.
Although the property market in South Africa has slowed to a certain degree, there are still thousands of buyers in the market for a new home.
With the largest population, highest number of listings and a wide range of property, the Gauteng property market is the most active currently. A recent survey by FNB has also revealed that property in Gauteng sells the fastest and is the most realistically priced.
Which suburbs in Gauteng are buyers searching online for property?
Private Property has compiled a list of the most popular suburbs in Gauteng for the month of September. The ‘popularity’ of the suburbs is based on the average number of views per listing.
Areas where buyers have shown a high level of interest range from the upmarket Waterfall Estate to the more affordable suburb of Wilgeheuwel in Roodepoort.
Waterfall Estate
This development, which is situated conveniently situated midway between Johannesburg and Pretoria, is made up of various estates. With a broad range of properties from smaller units to large homes, this estate caters for home buyers of all types – from young professionals, to families and retirees. Excellent security, a host of amenities, good schools and an attractive outdoor lifestyle also contribute to the estate’s popularity.
Median property prices in Waterfall Estate
- Houses – R7 700 000
- Apartments – R695 000
- Townhouses- R2 129 900
A typical property in Waterfall Estate is a 4 bedroom house with a median price of R7 575 000
Randpark Ridge
Randpark Ridge is a large, well-established suburb with easy access to and from the Randburg CBD and Sandton. The many large, freestanding homes and the reasonable property prices are a big attraction for buyers seeking value for money. Those with an active lifestyle are well catered for with 2 golf courses, tennis, squash and swimming facilities located close by. Excellent schools – both government and private, shopping centres and restaurants can also be found in the suburb.
*Median property prices in Randpark Ridge
- Houses – R1 999 000
- Apartments – R810 000
- Townhouses- R1 339 000
A typical property in Randpark Ridge is a 3 bedroom house with a median price of R1 975 000
Sunninghill
Sunninghill attracts buyers from all walks of life, especially young professionals and young families. The suburb offers a wide selection of properties from affordable starter apartments to upmarket family homes. It also has easy access to all the major highways, with excellent schools and a number of shopping centres to choose from. Adding to the attraction of the area are the job opportunities provided by large companies like Eskom and PricewaterhouseCoopers who have offices in the area.
*Median property prices in Sunninghill
- Houses – R2 400 000
- Apartments – R1 118 000
- Townhouses- R1 399 000
A typical property in Sunninghill is a 2 bedroom apartment with a median price of R1 149 000
Weltevreden Park
The established suburb of Weltevreden Park in Roodepoort is conveniently located and attracts buyers from all walks of life. The suburb offers a variety of accommodation to suit every budget, and homes in the area have experienced good price growth over the years as demand has increased. The suburb offers a lovely rural setting while being close to the city. Residents' needs are well catered for with excellent medical facilities, shopping centres and lots of activities to keep them busy on the weekends.
Median property prices in Weltevreden Park
- Houses – R1 765 000
- Apartments – R685 000
- Townhouses- R885 000
A typical property in Weltevrden Park is a 3 bedroom house with a median price of R1 699 000
Douglasdale
The suburb of Douglasdale gets its name from the farm upon which it is built today. It’s a nice quiet neighbourhood for the most part, although that does change on some weekends when people flock to the area for the buzzing nightlife. The suburb benefits from a central location which makes it convenient for getting around. It is close to all major roads and highways, with the main road, Douglasdale Drive, connecting the area to Fourways on the one side and Bryanston to the other.
Median property prices in Douglasdale
- Houses – R2 689 500
- Apartments – R1 000 000
- Townhouses- R1 899 000
A typical property in Douglasdale is a 2 bedroom apartment with a median price of R1 080 000
Northcliff
The suburb of Northcliff is renowned for its incredible views of Johannesburg. Get up to the top of Northcliff Hill and you’ll enjoy 360º views of the city and even the distant Magaliesberg. The suburb boasts spacious properties in natural surroundings that make you forget how close you actually are to the city. Northcliff is conveniently close to the N1, making it fairly straightforward to get to the city or Sandton. Northcliff has all the amenities a family could need, such as shopping malls, restaurants, entertainment, community halls, churches, a mosque, a synagogue and medical facilities and fibre internet.
Median property prices in Northcliff
- Houses – R3 699 000
- Apartments – R995 000
- Townhouses- R2 965 000
A typical property in Northcliff is a 4 bedroom house with a median price of R3 485 000
Wilgeheuwel
An increasing number of property buyers looking for a beautiful home that’s affordable too, are heading for suburbs like Wilgeheuwel on the West Rand. The proximity of major businesses like FNB, Wesbank and MTN are also a big drawcard for professionals looking for property close to where they work. A good range of schools, access to shopping centres and an extensive transport network also contribute to the area’s popularity.
Median property prices in Wilgeheuwel
- Houses – R1 650 000
- Apartments – R580 000
- Townhouses- R979 000
A typical property in Wilgeheuwel is a 3 bedroom townhouse with a median price of R1 150 000
Lonehill
The suburb of Lonehill has a low crime rate, affordable property and an exciting lifestyle. Lonehill offers a good selection of property from freehold and estate homes to entry-level apartments. Lonehill enjoys a convenient location close to Montecasino, Johannesburg's premier destination for events, entertainment, and dining. Residents have taken ownership of their suburbs and are actively involved in community policing and social initiatives.
Median property prices in Lonehill
- Houses – R3 185 000
- Apartments – R925 000
- Townhouses- R2 399 000
A typical property in Lonehill is a 2 bedroom apartment with a median price of R1 155 000
Elardus Park
Elardus Park is a safe, convenient suburb with a property market that offers good value to buyers. The suburb’s location, close to major highways make access to OR Tambo International Airport, Midrand, Centurion, Johannesburg and Pretoria CBD quick and convenient. Adding to its convenience is the fact that it is positioned in the middle of three shopping centres. The area is popular with families due to the strong sense of community and it being close to one of Pretoria’s most popular high schools
Median property prices in Elardus Park
- Houses – R1 695 000
- Apartments – R715 000
- Townhouses- R970 000
A typical property in Elardus Park is a 2 bedroom townhouse with a median price of R920 000
North Riding
North Riding has gained a reputation as an excellent starter suburb. The property market is mostly made up of sectional title and estate property whose affordable prices make the suburb popular with younger buyers. The suburb provides a great location for those working in the North of Johannesburg with Fourways and Bryanston close by. It has a number of shopping centres within easy driving distance.
Median property prices in North Riding
- Houses – R1 850 000
- Apartments – R797 000
- Townhouses- R1 460 000
A typical property in North Riding is a 3 bedroom townhouse with a median price of R1 550 000
Real estate prices rise and fall based on the laws of supply and demand. The suburbs listed in this report have shown that they are in demand, and have been for a while. Besides the obvious attractions of living in each suburb, there is a distinct possibility based on their high level of demand, that these suburbs will also show good price growth in the medium to long term. Property buyers in Gauteng should consider these suburbs when deciding in which area to invest.
Background
This report is compiled using search activity and median asking prices of residential properties listings on Private Property’s web site in September 2017. To maintain consistency over time and assist comparison between areas, data is only presented for areas with 200 or more listed properties and grouped by the following common attributes of residential properties in South Africa:
• type (houses, townhouses or flats)
Some effort is also made to exclude outliers from the analysis. A feature of Private Property’s Report is that it provides insights based on current asking prices rather than the eventual sale prices of property transactions. This is an important distinction, as the two measures provide slightly different insights into the property market.
Private Property’s median asking price data provides a view of all properties being offered for sale on its web site. This has the advantage of including insight into many more properties than are eventually sold in each quarter. Although asking prices are usually slightly higher than sale prices, they have an advantage of being available to analyse well in advance of the eventual transactions.
Care must be taken when interpreting prices of listings on Private Property’s web site, as it differs from some analysis of sale prices that track individual properties as they are offered for resale over time.
