Cape Town tops in SA’s best suburbs list
Clifton heads list of country’s richest areas
THE CAPE has an astonishing 10 spots on the national top 20 list of the country’s richest suburbs and areas.
The Atlantic Seaboard, with its beach paradise Clifton, and Steenberg Estate, a golf estate in Tokai, topped the list, according to research by property data services provider Lightstone. Other Wester n Cape suburbs and areas on the list included Llandudno, Bishops Court, Constantia, Camps Bay, Fresnaye, Swanswyk Road in Tokai, Pezula Private Estate in Knysna and Fancourt in George.
Lightstone compiled the lists by taking the average predicted value of properties per suburb, and calculated the average value to provide the top suburbs in the Western Cape, Gauteng and KwaZuluNatal, as well as a national list.
Pam Golding Property’s area manager for the Atlantic Seaboard, Basil Moraitis, said Nettleton Road was “South Africa’s own little St Tropez”.
“The street is home to some of the country’s most magnificent trophy homes, and its residents include captains of industry, celebrities and international jetsetters.”
He said the street had some of the most upmarket and expensive homes in the whole country. “We regularly see properties here on the market from R45 million up to R100m.”
Hotel magnate Sol Kerzner’s penthouse in his six-star One&Only hotel recently sold for R115m, the most expensive apartment on the African continent.
Seeff has three penthouses for sale at the V&A Waterfront, one for R78m and another two of Kerzner’s properties for R105m and R95m.
In Gauteng, the best suburbs include Johannesburg’s Westcliff, Dunkeld, Inanda, Atholl and Hyde Park and in KZN, it is Zimbali, Everton, Herwood Park, Umhlanga Rocks and Simbithi.
Lightstone spokeswoman Hayley Ivins said the company obtained data from a variety of sources, including the Deeds Office and the Surveyor General, and this was augmented by data from secondary sources, such as banks and physical property assessors.
“With the world just emerging from a global recession and our property market expected to improve in 2010, it is possible that the best suburbs list could be dramatically different when 2011 arrives,” said Ivins. “There are bound to be changes at the end of the year.
“Nobody predicted two years ago what would happen to property. There is a lot of development and with property being very mobile, you can expect changes.”