09 Jan 2013
Upmarket homes in scenic surroundings at the Bronkhorstpruit dam are favourites among buyers in the bustling Gauteng town.
Koos Pretorius, owner ofthe RealNet Kungwini franchise says accommodation is at a premium due to coal mining operations and construction of the Kusile power station nearby.
He says there is a strong demand for homes at all price levels and the market around the dam is no exception but property in the "crown jewel of upmarket estates" - the Aqua Vista Mountain Estate - is doing particularly well.
With home prices ranging from R3 milllion to R5.4 million, the estate offers 300 units and Pretorius says it draws sophisticated buyers. The split between permanent residents and weekend visitors is about even and both categories are drawn by the country atmosphere coupled with modern conveniences.
Buyers who make Aqua Vista their permanent base are mostly professional people transferred to the area, while weekend buyers come from surrounding city areas, with a particularly strong contingent from the East Rand because the dam is close enough for a convenient weekend away.
Watersport is a strong feature of the lifestyle and residents enjoy the convenience of a launch pad for their boats and prolific birdlife and small game roam the estate.
Residents have fine cuisine on their doorstep thanks to the Imagine Cafe on the premises, while a permanent exhibition of the art of sculptor and resident Anton Smith lends a cultural note.
Security is a top priority and includes gate guards, camera surveillance, and foot and motorised patrols throughout the estate.
Pretorius says rental units in the estate are also in demand among professionals on long contracts at Kusile. "Many of them are on five-year contracts and have relocated their families for the duration."
Four bedroom homes of 350 square metres with three garages, entertainment areas and a swimming pool are rented out at monthly rates of between R20 000 and R25 000.
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