02 Jan 2013
This is according to Tertius Joubert, Rawson Property Group’s new residential franchisee for the area, who says all indications point to the fact that after a near-stagnation period, prices have bottomed out and are set to rise in the coming years.
Joubert says even in difficult periods, there was strong demand for homes in the R800 000 (mostly townhouses) to R1.1 million bracket and this is gaining momentum. "Any fairly priced home in that price range always sells within two months and often even quicker.”
Wellington has homes that are expensive, as well as some which are considerably cheaper, with prices for apartments as low as R400 000 - but there is less turnover at these lower levels, he says.
Joubert notes the demand for property is fuelled to a large extent by Capetonians and buyers from Gauteng and KwaZulu-Natal. “In almost every case they are attracted by the peace and the tranquil atmosphere of the town – they also, of course, like the fact that the crime rate here is low.”
He says those migrating often tend to like the 1920s to 1940s farmhouse-type homes which are found in the centre of town and have features such as open fireplaces, wooden floors, voor and agter stoeps and large gardens.
The town also offers modern and chic homes, like those found in the Nuwe Uitsig and Diemersfontein Wine Estate, which are priced from R 1.3 million to R5.7 million.
Many people like the fact the town has a student population attending such institutions as the Teachers’ Training College and the Cape Peninsula University of Technology’s Wellington Campus, which offers agricultural courses, because they add life and gaiety to the community, says Joubert.
“Any good agent in Wellington should be able to sell one to two properties per month - and I am certainly budgeting to do this. The town is larger and has far more homes than most people realise."
“The message that I need to get through to prospective buyers looking to move to the country is that Wellington has a developed infrastructure, a very pleasant atmosphere and is on the threshold of significant property rises,” Joubert says.
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