Gold Price Benefits Carletonville

EmailEmail Print Share

08 Jan 2007

Carletonville's property market is currently benefiting from the higher gold price that filters through to all segments of the business community - directly via housing subsidies by the mines and indirectly in the form of higher demand for goods and services of all types.

"On the other hand, the local economy has become more diversified during the lean gold years and this had had a positive impact on property in Carletonville as well as in nearby Fochville and Welverdiend," says Pieter Britz of Homenet.

In recent years, Carletonville has evolved into a modern, self-sufficient town, with new shopping centres, good schools, medical facilities and sturdy infrastructure, and is now a far cry from the mining village of the 1960s, he notes.

"And although the majority of the market in this area is still comprised of traditional, stand-alone homes, security villages are starting to appear and developers have been quick to identify the potential in such projects."

Demand for homes priced at up to R900 000 remains well supported, Britz says, while the average three bedroom, two bathroom home in the area now costs R650 000 to R750 000 - or somewhat less than the national average.

There is also high demand at the lower end of the market but stock is scarce.

Homenet's new office, Homenet Gold Ridge, began trading from its Reynecke Street premises in December. It is headed by Carina Els and co-principals Pieter and Santie Britz - who also own the Homenet office in Potchefstroom.

For more information contact 018 294 3385 or Click here to visit the website.

Readers' Comments
Have a comment or question about this article? Email us now..

What's your home worth?
Want to know what the average home price is in your area? Visit PropertySPI and get the latest report on transfers and price movements in your street, suburb or sectional title scheme.

Property News
Click here for more property news articles.

Similar Articles

Whether you’d like to spend time on the glorious coast or...

St Francis Bay in the Eastern Cape is the ideal weekend or...

At USD$217 trillion, real estate is the pre-eminent asset...

View all articles

Top Articles

Whether you’d like to spend time on the glorious coast or...

St Francis Bay in the Eastern Cape is the ideal weekend or...

Overpricing your property usually results in it being sold...

View all articles
Top Articles
12 Feb 2016
Whether you’d like to spend time on the glorious coast or go further inl...
12 Feb 2016
St Francis Bay in the Eastern Cape is the ideal weekend or holiday escap...
12 Feb 2016
At USD$217 trillion, real estate is the pre-eminent asset class globally...
12 Feb 2016
Former Protea cricketer and world-renowned commentator, Pat Symcox, has ...
12 Feb 2016
Situated in Johannesburg North, Craighall and Craighall Park are attract...
Newsletter
Get the latest property news.
Select your options:
Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.


Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724