The prime location of the suburb and varied property usage means a wide market will be satisfied and this includes commercial properties. Property usage comprises apartments, freehold homes and townhouses of which many have been given a major facelift to further enhance the possible income generated from sales and a very strong rental market.
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The mixed property use of the suburb comprises freehold homes, sectional-title town houses and cluster homes which mean young and old small and large families will find a home to suit their needs and taste. Being a well-established middle class suburb does not mean the homes are all on the conventional scale of architecture. Many of the homes are newer in architectural design which further proves that the suburb is a stable investment prospect.
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The suburb is still expanding which is a good indication as to the degree of demand for homes in the suburb and with the number of small holdings this adds to some degree of exclusivity of the suburb when viewing the homes individually.
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The mixed use of property in the suburb comprises commercial, industrial and residential property. Residential property comprises sectional-title and freehold homes with a varied pricing structure which caters for a large income group.
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The family homes are in the upmarket income range with a strong demand and stable growth indicating a stable market all-round. The architecture will suit a large market with conventional and modern designs.
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The rental market is performing strong and the sectional-title homes will suite investors in the holiday residence market and the general rental market due to the location of the suburb to the beach front, commercial and industrial hubs. The suburb is also favored by retirees due to the fact that it is a tranquil suburb even in peak holiday seasons.
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The suburb will serve well for investors in the letting and holiday rental market due to the suburbs proximity to nature reserves and other tourist attractions the Western Cape has to offer. And being the Western Cape means the stream of tourist is constant.
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The suburb is well-established with new developments under construction on a regular basis in both the freehold home and sectional-title townhouse sectors which is in itself a good indication of the demand for homes in the suburb.
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With demand increasing across the spectrum of property use there is also a rise in property values which equates to an increase in property values in general. The other appealing factor of the town is the fact that the town is located in pristine bushveld which makes it an ideal tourist destination for those who love the outdoors or nature in general.
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The rental market is as stable as towns across Gauteng with the same driving factors in those larger cities. There are also eco and lifestyle estates which is a good indication of the growth in the town and region and stability within the market.
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