The Welkom property market is still fairly robust in spite of the fluctuating gold price, downscaling of mining activities and the decline in the property markets of most other centres.
So says Flip Meintjies of ERA Goldfields, who adds that "the Welkom economy is sensitive to the gold price for obvious reasons but it has become more diversified in recent years and the property market has benefited accordingly".
There are an estimated 30,000 residential properties in the goldfields town which lies in the central Free State, positioned roughly equidistant from Bloemfontein and Potchefstroom.
"You can still acquire a three-bedroom former mine house in a suburb such as Dagbreek, Riebeekstad or Odendaalsrus for as little as R275k.
"On the other hand there are multimillion-rand mansions in suburbs such as Jan Cilliers, Jim Fouchepark and Riebeeckstad, so this is very much a full spectrum market with a wide variety of choice and pricing.
Excellent medical facilities such as the Ernest Oppenheimer Hospital, Mediclinic and St Helena Private Hospital also exist in Welkom and the town may well become the next big retirement mecca. "Indeed, our new-found status in this respect adds to the stability of the local market, helping to ensure that it remains on a healthier footing than in the past when its fortunes rose and fell in line with the gold price," Meintjies says.
For more information contact Flip Meintjies on 057 388 4847.
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