Alberton: Hub of The South
The Johannesburg town of Alberton, which is situated just south of the CBD, enjoys easy access to all major highways and is about 25 minutes from OR Tambo International Airport. Here, on the banks of the Natalspruit River which runs through Alberton, more than 80% of residential properties measure between 350m2 up to 2000m2.
However, Jenny de Necker, Broker/Owner of RE/MAX All Stars which operates in Alberton, Germiston and Johannesburg South, says that while the demand for property in the area is growing, and sales volumes have increased slightly, sellers are still not receiving the prices they anticipated they would get for their homes.
Entry level homes in the area, she says, sell between R500 000 and R600 000, and would offer two to three bedrooms and might need a lot of renovating. Mid level homes are usually set on a large stand and normally consist of three to four bedrooms, two bathrooms, two garages and a swimming pool. These homes would sell between R1million and R1,5 million on average. The most expensive homes in Alberton are situated in Alberante or Meyersdal and would sell from R2,5 million.
Currently on the RE/MAX All Star books is a property called La Montanara, a unique venue situated on top of the koppie in Alberton North with stunning views over the city. This family-owned wedding venue in the heart of old Alberton, is described as a landmark known and loved by many.
The Fourie family have been running the property as a venue for the last 13 years and have created an atmosphere that is simply something from another time The children who have all grown up in this beautiful home have only the best memories and have continued to cherish and run the business to the standard so many have come to expect, says Tamara Wittstock, the agent currently marketing the property.
The venue can cater for any function from weddings, which is the biggest seller, to spring teas, 21st birthdays and even ladies mornings.
Alberton, which celebrated its centenary year in 2005, consists of about 15 suburbs, and de Necker says that those surrounding the Alberton CBD are all well established and close to schools, shops, hospitals and a range of amenities. Therefore the property investors in the area tend to buy these dated homes and then renovate them. For example, New Redruth with its large stands is very popular with developers who buy properties, demolish the old houses and build townhouses and clusters.
De Necker says that she anticipates all the new industrial development to the south of Alberton, such as the Heineken brewery, to have an impact on the areas property market, and she foresees a steady growth of both sales and property values over the next 12 to 18 months.
Adrian Goslett, CEO of RE/MAX of Southern Africa, says that while the national property market is anticipating growth of between 6% and 8% over the next 12 months, individual area markets will be influenced largely by local factors such as infrastructure upgrades and commercial development.
Article by: www.remax.co.za