If travelling from the East Rand to the northern suburbs for work has become a tiresome affair and you’ve placed your property for sale in Boksburg, you may be faced with a tough choice as to where you should head next.
When it comes to areas in the northern part of Gauteng at present, one that stands above the rest is Fourways. This area is really tapping into the work, live, play lifestyle which is something that consumers all around the country are after.
The growth in Fourways has been remarkable, with constant new developments already adding to the list of entertainment, commercial and residential options available. In fact, it is marked as one of the fasted growing commercial and residential hubs in the province.
To give you an idea of what the property experts are saying about Fourways, take a look at what Sandra McKenzi, head of Adrienne Hersch Properties’ Olivedale Branch, said, “Fourways is quickly becoming an entertainment, retail, commercial and residential hub that rivals Johannesburg and Pretoria CBD precincts such as Sandton, Rosebank and Menlyn.”
The attractions on offer are pulling in a younger crowd, with Lightstone reporting that slightly less than 50% of recent purchases have been done by people between the ages of 36 and 49.
Another thing going for Fourways is the excellent placement, as it puts you within close range of a number of main business hubs in the province.
In terms of pricing, you would be looking at around R700 000 to break into the market in a one-bedroom apartment, while if you wanted a free-standing house you would need around R1.6 million to get started.
However, the expected growth and high demand for space here means that it may offer a solid return on your investment in years to come.
