Where to buy your second home in Gauteng
Category Advice
So you're thinking of buying a second home? Great idea! Another property can help you build wealth or become a holiday home for a fantastic getaway. Whether you're up for profit or paradise, the current buyer's market is well in your favour. Low interest rates, a raised zero-transfer fees threshold, and high bond approval rates can help you join the second house club. Lightstone research says those after second properties are flocking to Gauteng.
Gauteng is popular for second homes
New data from analytics company, Lightstone, shows Gauteng is the go-to province for owners of two or more properties. 54% of individuals who purchased their first property in the Western Cape chose Gauteng to invest in their second property. 63% of those who bought their first property in KwaZulu-Natal opted for Gauteng to invest in their second property.
The research confirms that investors continue to see the value in South Africa's fastest-growing province. Gauteng's cities and towns offer excellent opportunities for the buy-to-let market and holiday experiences if you have fun in mind. Here are some of your top choices.
Kempton Park
Located on the East Rand, Kempton Park ticks all the boxes. Its close proximity to the Gautrain and OR Tambo International Airport makes it easy travelling in and around the country. The area offers a range of amenities from respected schools, shopping centres, and healthcare facilities. Entertainment options include Kempton Park Golf Club and the Erora Motocross Track - residents can access even more activities in nearby Johannesburg, Sandton, and Midrand. Buyers can find a variety of property options from apartments, free-standing houses, to estates, with prices to suit all budgets.
Brakpan
With a close-knit community, Brakpan is ideal for first-time buyers and families looking to put down roots. The area's location places commuters within easy reach of Boksburg, Springs, Benoni, and even Johannesburg. Brakpan has shaken off its small coal-mining town image; those living in the area can enjoy world-class leisure at the Carnival City casino and hotel. Despite its rise in profile, Brakpan still provides affordable housing options.
Benoni
Benoni's tree-lined suburbs, scenic lakes, and championship golf courses have made it a favourite with those who appreciate the wonders of nature. Together with its spacious homes, the area is a fantastic choice for those wishing to overcome the lockdown. Buyers would be well advised to take advantage of the area's real estate. Benoni's wealth of private and government schools, malls, restaurants, and attractions make it a safe bet for investment.
Midrand
Midrand's appeal lies in the name; the area is halfway between Centurion and Sandton, allowing quick access to both areas. Over the years, Midrand has become a thriving commercial hub - large businesses, commercial enterprises, and office developments have sprung up, creating job opportunities and a demand for residential homes. Buyers have a number of sectional title properties, duplexes and apartments to choose from which all offer good value for money.
Boksburg
Boksburg is a family-oriented city on the East Rand. it boasts some of the most affordable property on the market as it is generally not overpriced. With low levels of traffic congestion compared to surrounding areas, travelling is a pleasant experience. Boksburg offers quality amenities for quality living. Schools include Parkdene Primary School, Boksburg High School, and Woodlands International College. The day's shopping can be achieved at the East Rand Mall. The local Netcare Sunward Park Hospital and Tambo Memorial Hospital provide medical attention. Overall, a great place which takes care of all your needs.
Get help from Gauteng area experts
De Lucia Group specialises in residential property for sale in Gauteng. Our team has an intimate knowledge of the province's areas and can assist you with finding a great match for your next property. Simply send a message to De Lucia Group, call Michael De Lucia directly on 082 493 1089, or email michaeldl@delucia.co.za to get started.
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Author: De Lucia Group
