30 Oct 2012
Situated in the northern most corner of Saldanha Bay along the Cape’s western coast is the seaside village of Saldanha, the location for the new RE/MAX 1st Realty office run by Broker/Owner, Tersia Dijzel.
According to Dijzel the office was originally Weskus Eiendomme/Properties which was established in 1994. However, she says they decided that they wanted to be a part of the RE/MAX brand.
The office will service home buyers and sellers looking to purchase or sell property in Saldanha as well as areas such as Jacobsbay and Vredenburg. Dijzel says the different areas cater to buyers with different needs.
Jacobsbay has beachfront property ranging in price from R1.5 million to R10 million, and many of the buyers in this area are looking for upmarket homes or a place to retire. Vredenburg, regarded as the hub of the west coast, has amenities such as hospitals, schools and all the big brand companies and businesses while Saldanha caters largely for buyers who work in or around the harbour.
“Saldanha bay is the largest and deepest natural bay in the country, so there are a vast amount of people who move there because of the export and fishing industry that drive economy in the region. Many big companies such as Mittal Steel Company, the world’s largest steel producer by volume make use of the harbour.”
Dijzel says currently there is speculation that the harbour will be made bigger to accommodate new companies that are opening along the west coast, which has brought with it a large number of enquiries regarding property in the area and as a result, sales transactions have increased.
She says an entry level home in Saldanha will range in price between R400 000 and R550 000, a mid-level home will fall into the R550 000 to R850 000 bracket and the most expensive homes will range from R 2 million upwards.
According to Lightstone, a property statistics provider, 100 percent of all property in Saldanha comprises freehold homes with an average valuation of R442 606. A large majority of the existing property owners in the area are between the ages of 36 and 49 years old, however, 33.33 percent of recent buyers are between the ages of 18 and 35 years old.
Dijzel notes that the majority of the buyers in the Saldanha area are blue collar workers or investors who purchase property to convert it into boarding houses. She says accommodation for contract workers is in big demand; so many investors have used this as an opportunity to capitalise on this area of the market. “Workers have a place to stay while on contract and investors always have an influx of tenants.”
She expects that in the current buyer’s market we are experiencing, the property market in the region will continue to grow from strength to strength in the year ahead, although there will be a few challenges.
Even though the number of property sales has increased over the past few quarters, many potential buyers are struggling to get finance approved, says Dijzel.
Adrian Goslett, CEO of RE/MAX of Southern Africa, says affordability will remain a key element for buyers in all regions of the country looking to enter the property market.
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