09 Apr 2009
The Cape West Coast's Saldahna and Vredenburg areas offer home buyers excellent value for money while the recent opening of the new West Coast Mall has given the area a welcome boost.
"Saldanha has in the last 20 years become synonymous with industrial progress, big enterprises like Saldana Steel, the Portnet ore harbour, Namaqua Sands and a whole host of smaller initiatives have focused attention on the industrial activities here – but in the meantime it has been forgotten that this is one of the most pleasant and peaceful towns in the Cape and that, with our yacht harbour, several diving companies and endless beaches, we can offer much that people traditionally go to Langebaan and Club Mykonos to enjoy," says Quinton Dawson, franchisee for Rawson Properties' Vredenburg/Saldanha.
The town's attractions, says Dawson, will become far more widely appreciated in the next five years and for this reason a property buy here now represents an excellent investment.
"The first recent big step forward has been the development of the R400m West Coast Mall, which opened its doors last month. For the first time Saldanha and Vredenburg residents will have most of the big name retailers - Checkers, Mr Price, @Home, Clicks and Game on their doorstep. This sophisticated facility is changing perceptions of the area."
The sales figures for the area, according to Dawson, revealed that last year 485 homes were sold in Saldanha, 672 in Vredenburg, 169 in Paternoster and 966 plots and homes in St Helena Bay.
The average price of a two-bedroom home in Saldahna is R600k while a three-bedroom house is priced in the region of R900k.
The prime areas here, says Dawson, are the beachfront and the mountainside, the latter offering panoramic views of the bay and the lagoon. Here prices can be R2m to R3m – but this is half what people are paying for similar Langebaan homes. Paternoster Village is also capable of achieving high prices, most of the recent sales there being to cash buyers at R1,5m to R3m.
Many properties throughout the Paternoster area, he adds, can attract rentals of R1k to R2k per day in season. Monthly rentals in Saldanha and Vredenburg are boosted by large numbers of temporary and contract workers who reside and work in the area.
"At the moment, up to two thirds of bond applications are not accepted but that will change and, along with a growing awareness of what the West Coast can offer we will, we predict, see prices rise by some 20% by the end of in 2010 because the area has so much to offer but is still very affordable," says Dawson.
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I live in Pretoria and owns a house in Saldanha. My tenant just gave notice, saying that the Steel Factory is closed for 5 months now and that there is lots of houses for rent, so it does not seem to be the rosy picture you paint in your article. I wonder if mr Dawson is telling the truth to the Property24 community? - Anonymous
Very informative. Most interesting. Thanks. - Anonymous
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