Welcome to Germiston, one of the Gauteng provinces that owe their being to the South African Gold Rush era. Founded in 1886 after the two prospectors, namely John Jack from the farm of Germiston near Glasgow and August Simmer from Vacha in Germany struck gold in the area, leading to an establishment of the world's largest gold refinery, Rand Refinery in 1921.
A residential town began emerging around this mining area as the people started migrating in search for employment. Germiston's growth kept multiplying as other business ventures came in to being as a result of supplementary industrial requirements. In 1903, Germiston has grown to a well established town and in 1950; it was officially proclaimed a city.
Today Germiston is not just a mere mining town. Its economy is supported by many other industries such as Real Estate, Tourism and many more. Properties for sale in Germiston are amongst the best in the Ekhuruleni municipality area, if not the entire Gauteng province.
There are a total number of 127 suburbs in Germiston (Property for sale in Germiston). In the past 12 months (2013-07-01 to 2014-06-30) there were 2,322 property sales with an average registration period of 122 days. Total count of Full Title sales were 1,686 and 636 for Sectional Title properties. (Houses for sale in Germiston)
The sales in the prior year (2012-07-01 to 2013-06-30) was 2,647 property sales with an average registration period of 123 days. Total count of Full Title sales were 1,947 and 700 for Sectional Title properties.
The total Real Estate Sales value for Full Title and Sectional Title sales in Germiston were R 3,083,925,676 with the median price of R 610,000 compared to R 3,427,086,039 with the median price of R 570,000 for the prior period.
The total Real Estate Sales value for Full Title sales in Germiston were R 2,678,888,512 with the median price of R 650,000 compared to R 2,992,227,728 with the median price of R 600,000 for the prior period.
The total Real Estate Sales value for Sectional Title sales in Germiston were R 405,037,164 with the median price of R 530,000 compared to R 434,858,311 with the median price of R 500,000 for the prior period. (Germiston Property and Houses for sale)
Want to Buy property in Germiston? Germiston property for sale include Clusters, townhouses and houses. For more information regarding property valuations and suburb trends for Germiston visit www.SAPTG.co.za
Germiston is a home to Rand Airport, which caters largely for light aircrafts and flying schools. South African Airways Museum is also located in Germiston. Its proximity to OR Tambo International Airport and an easy access to a plethora of highways such as the N3, N12 and M2 are some of the reasons this city is an ideal residential area for career driven individuals that are constantly on the road.
Although Germiston is predominantly an industrial area with over 700 factories, it is minutes away from large shopping malls and boasts a few superb entertainment facilities, another reason for prospective homebuyers to consider this city when searching for their dream homes or real estate investment opportunities.
Germiston is a home to some of the well-known names in the world of South African sports. Names such as Pierre Issa, Bafana Bafana defender who featured at the 1998 World Cup, Andre Nel, South African cricket fast bowler and Andre Watson, Rugby referee amongst many others, come to mind. If you want to live amongst the star and looking for property for sale or to rent in Germiston, rest assured that CyberProp, with our array property listings around the country will have one that will suit your needs.