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Gold price benefits Carletonville

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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.

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