For homes in the

Weekend Argus (Saturday Edition) - - PROPERTY -

south­ern sub­urbs

and Clare­mont now on a par with mid-level price bands in many com­par­a­tive neigh­bour­hoods in other met­ros.

“Houses in the R1.5 mil­lion to R2.5m bracket and apart­ments for less than R1.5m have be­come rare com­modi­ties and when they do come on to the mar­ket they are of­ten snapped up within hours.”

Me­gan Milne, can­di­date agent for Lew Gef­fen Sotheby’s In­ter­na­tional Realty in Ron­de­bosch, says there are oc­ca­sion­ally still flats to be found in the R1m to R1.5m price band but they are usu­ally in older blocks and barely hit the mar­ket be­fore be­ing snapped up, some­times even the same day.

“This is es­pe­cially true if they fall within the univer­sity catch­ment ar­eas and near the Jam­mie shut­tle route as there is a se­ri­ous short­age of stu­dent ac­com­mo­da­tion.

“Par­ents who live in Dur­ban or Jo­han­nes­burg are aware of the

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