Incentive for owners

to sell, especially as

and a high school as well as the Zevenwacht Mall and a golf club.

Another popular neighbourhood, especially among first-time buyers, is Kraaifontein. It straddles the N1 and though it is also one of the outlying suburbs, it has good transport facilities, including rail, bus and taxi for an easy commute to commercial nodes and into the CBD.

“Almost all the buyers over the last year have been in the under-35 demographic and most are first timers,” Germishuys says. “The increase in activity by these buyers has boosted the average price for the suburb to around R1m, 18 percent more than the prior year’s average of R850 000.

“Kraaifontein, though, remains one of the most affordable neighbourhoods. Freehold houses for example are s t i l l priced f rom R600 000 for two bedrooms and from about R750 000 for three bedrooms. Two-bedroom flats sell for R350 000 to R400 000.”

In Brackenfell too, sales activity has been boosted considerably by millennial buyers who comprise about 50 percent of recent buying activity according to Germishuys.

“The i ncreased activity has resulted in the suburb’s average price increasing by almost 40 percent since 2013 – when it was around R884 000 – to just over R1.2m. Here too, the affordability is well illustrated by the fact that most sales still fall under the R1.2m price mark. Apartments have sold in the suburb this year at an average price of under R450 000, again demonstrating the affordability and value on offer. Freehold houses too are still selling for around R900 000 to R1.2m.”

Brackenfell is popular for its excellent infrastructure, plentiful schools and facilities, including quick access to a number of large shopping malls such as N1 City and Tygervalley, and shopping precincts such as Voortrekker Road, which runs almost from the Cape Town CBD right through the area. Brackenfell also has easy access to the N1 and a number of major arterials that serve the area and provides access to major commercial nodes.

“Closer to the city too, younger, often first-time buyers are boosting demand and average prices,” says Jo h a n n Groenewald, S e e f f ’ s licensee for the area that stretches

ATTRACTIVE PRICING: This three-bedroom Richmond Estate family home was recently sold for R1.1 million.