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More value-for-money and affordable property in Brackenfell and surrounds

31 Oct 2022

As one of the highest priced provinces in the country, entering the real estate market within the Western Cape can be challenging, especially for first-time buyers.

This townhouse in Vredekloof Heights, Brackenfell offers two bedrooms, two bathrooms, and a large enclosed garden with a patio and braai area. It is on sale for R1.795 million - click here to view.

READ: Strong appetite for investment or buy-to-let residential property

According to Lightstone Property’s September newsletter, house price inflation in the Western Cape is currently 6.21% which is well above the national average of 3.23%.

Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, advises buyers who are struggling to enter the local housing market to look at developing neighbourhoods and new developments to get more value for money and to find more affordable opportunities.

Lana Groenewald, Broker/Manager of RE/MAX Unlimited in Brackenfell explains that in an area that is developing such as Brackenfell, Vredekloof and surrounds, there are many opportunities to invest in rental properties at a low buy-in price.

“Average homes in the area can cost between R1.65 million to R3.5 million. We also have beautiful luxury homes in our area selling at R3 500 000 and in our security estates, prices can climb as high as R6.5 million. The apartments price at R850 000 to R1.35 million,” states Groenewald.

This two-bedroom, three-bathroom home in Brackenfell Central has a jacuzzi, built-in braai and is close to many amenities. It is on the market for R1.725 million - click here to view.

READ: 4 Booming neighbourhoods in Joburg's East Rand with homes from R400k

“Rental prices are between R6 500 to R9 000 for an apartment, depending on the size, and houses are rented from R12 500 to R22 000. Now is the time to invest in these markets before prices climb.”

“Currently, we have more buyers than sellers and are experiencing a seller’s market. Our areas are extremely popular among Afrikaans-speaking buyers as well as English-speaking buyers who often relocate from Durban. Vredekloof developments, Greystone Village development at Haasendal Estate, and the developing Burgundy in Brackenfell are popular semigration destinations.”

“Because property values in the Western Cape are far higher than the other provinces in South Africa, most of our new clients will first rent a property to find their feet in Cape Town and put their furniture in storage for a while and then only purchase a property in the area they want to live as a family,” she explains. 

This apartment in Vredekloof East, Brackenfell has two bedrooms, one full bathroom, a patio, and private garden. It is on the market for R1.095 million - click here to view. 

Groenewald says any property that you can purchase now at a good price, go for it. “Our country’s real estate market, particularly in the Western Cape, has proven itself to generate a good return on investment. Property is your best investment. The more property you can own, the more revenue you can receive. If you want to make money you have to spend money. In my opinion, property is the best asset to do it.”

READ: How to choose the right neighbourhood for an investment property

Echoing these sentiments, Goslett explains that buyers who make wise investment decisions can climb the property ladder over time.

“Because property is an appreciating asset, it is possible to get a foot in the door with a starter home and over time, this will put homeowners in a better position to afford their forever home. Get in touch with a real estate agent to start exploring your options today,” says Goslett.

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