Ac­cess to good schools is a ma­jor de­cid­ing fac­tor

Weekend Argus (Saturday Edition) - - PROPERTY 360 -

IN THE West­ern Cape, fam­i­lies with school-go­ing chil­dren move to the south­ern sub­urbs, where there are good schools and ac­cess to UCT, says Gre­eff’s Mike Gre­eff. Working pro­fes­sion­als might want to move close to or into the City Bowl to be near work.

A large por­tion of south­ern sub­urbs sellers is mov­ing to the north­ern sub­urbs, which of­fers su­perb value and big plots, says Se­eff’s Ge­orge Clel­land.

They are mov­ing from homes priced from R2m to R5m and buy­ing larger homes priced from R1.2m to R1.6m.

The area is also see­ing fewer buy­ers who are new to the area, a trend which re­flects the de­cline in sem­i­gra­tion from other parts of the coun­try in re­cent months.

Se­eff’s Michele Ap­per­ley says some City Bowl sellers are mov­ing to the south­ern sub­urbs, which of­fer big­ger plots, bet­ter value for money and ac­cess to schools.

“In the City Bowl prop­erty costs about R3m to R4m more than prop­erty in the south­ern sub­urbs.”

Ta­mara Nettmann from Cen­tury 21 says about 20% of West­ern Seaboard sellers are mov­ing to other ar­eas in Cape Town, or back to Joburg.

“There is al­most a re­verse sem­i­gra­tion trend oc­cur­ring, of­ten re­lated to busi­ness op­por­tu­ni­ties.”

Rawson’s Nancy Todd says the re­cent drought means peo­ple are not mov­ing from Joburg to Cape Town as much as they were.

“Also, house prices have be­come so dis­parate be­tween the two cities that there’s less af­ford­abil­ity in Cape Town. And jobs in Cape Town are more dif­fi­cult to come by.”

In Her­manus about 10% of sellers are mov­ing to other ar­eas as res­i­dents here would rather move than up­grade their homes, says Se­eff’s Billy Raut­en­bach.

“New buy­ers will up­grade be­fore tak­ing oc­cu­pa­tion. We are not see­ing peo­ple hang­ing on to old prop­er­ties and ren­o­vat­ing.”

Sellers in Her­manus are mov­ing mostly be­cause of price. They are look­ing for bet­ter value for money in ar­eas such as Stan­ford or the Wilder­ness.


HEAD­ING NORTH Brack­en­fell.


COSTLY Her­manus.

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