Welcome to Midrand, a modern residential and commercial city in Gauteng, South Africa. With its strategic situation between Johannesburg and Pretoria along the N1 highway northward of the Jukskei River, Midrand is by far a fastest growing residential and commercial town in the province. Unlike its neighbouring towns that were established as a result of the Gauteng gold rush, Midrand grew from two urban towns namely Olifantsfontein and Halfway House. In early 1980 all these towns were incorporated into a single administration, the Midrand Municipality.
In 2000, Midrand and its respective suburbs such as Carlswald, Crowthorne, Glen Austin, Halfway House, Halfway Gardens, Kyalami, Vorna Valley and Randjesfontein to name a few, were incorporated into the City of Johannesburg Metropolitan Municipality.
There are a total number of 63 suburbs in Midrand (Property for sale in Midrand). In the past 12 months (2013-07-01 to 2014-06-30) there were 4,661 property sales with an average registration period of 131 days. Total count of Full Title sales were 3,305 and 1,356 for Sectional Title properties. (Houses for sale in Midrand)
The sales in the prior year (2012-07-01 to 2013-06-30) was 4,289 property sales with an average registration period of 135 days. Total count of Full Title sales were 2,953 and 1,336 for Sectional Title properties.
The total Real Estate Sales value for Full Title and Sectional Title sales in Midrand were R 6,426,940,466 with the median price of R 720,000 compared to R 7,038,937,392 with the median price of R 660,000 for the prior period.
The total Real Estate Sales value for Full Title sales in Midrand were R 5,310,776,829 with the median price of R 820,000 compared to R 6,014,738,933 with the median price of R 712,500 for the prior period.
The total Real Estate Sales value for Sectional Title sales in Midrand were R 1,116,163,637 with the median price of R 625,000 compared to R 1,024,198,459 with the median price of R 630,500 for the prior period. (Midrand Property and Houses for sale)
Want to Buy property in Midrand? Midrand property for sale include Clusters, townhouses and houses. For more information regarding property valuations and suburb trends for Midrand visit www.SAPTG.co.za
Today, Midrand is probably one of the fastest growing areas in Gauteng with a highest number of new developments and Golf Estate houses for sale and to rent. Big South African Corporates such as Vodacom, National Lottery and NAAMSA - The National Association of Automobile Manufacturers of South Africa - chose Midrand as a home to their Head Offices.
To view houses for sale and to rent in Midrand, click here.