21 Feb 2013
A collaborative approach is vital for property seller and buyer success.
This is according to Seeff agent, Gary du Toit, who has scooped the top ERL multi-listing award for 2012. Du Toit has won this award countless times during his 24-year career and his sales performance is testimony that his winning recipe works, says Seeff Joburg South Master Licensees, Shawn and Toni Mackrell.
Du Toit specialises in the areas more commonly referred to as the ‘old south’ that stretches from South Hills to Rewlatch. He has lived and operated in the Joburg South area throughout his career and has over the years sold countless properties, most notably around 70 in the last year alone. He is a firm supporter of the multi-listing service and believes that this gives the best exposure to sellers and potential buyers.
Du Toit says these suburbs are well over 100 years old and some of the earliest residential areas in Johannesburg, yet they still offer well-constructed homes at exceptional prices. He says while market conditions remain subdued, buyers continue to move into the area, especially the rising black middle class demographic who see this as an ideal upgrade.
Aside from the affordability, smart buyers know that the area is also hard to beat for convenience, he says. The location along with what is commonly known as the ‘concrete highway’ provides quick access to just about any business and commercial node with a 15 to 20 minute commute being the average.
There is an excellent selection of schools and community facilities for sports and recreation, places of worship, medical care and retail facilities that range from local community centres to large shopping malls. Other major retail malls and centres such as The Glen, Alberton City and as far as Eastgate are also only about a half an hour's commute away.
There is an excellent selection of property options for buyers and renters, du Toit adds. This ranges from modern and renovated homes to older gems, often with Oregon floors and fine sized rooms.
The stand sizes are generally just short of 500 square metres with manageable gardens. As a general guideline buyers looking for property in the ‘old south’ can expect to pay between R350 000 and R400 000 for a two bedroom flat while townhouses are on offer for upwards of R500 000. Three bedroom houses range from about R600 000 to R700 000 on average, but can cost more depending on what is on offer.
There is a good demand for well-priced homes with these often selling within two to three days of listing, he says.
According to Shawn Mackrell, now is a good time to buy a home as house prices are set to remain flat throughout the year. There is a willingness by the banks to grant bonds in the areas, but, he says, a good credit record and at least a 10 percent deposit payment remain vital.
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