Fourways property market could be a dream investment
If heading to the northern suburbs is a goal of yours and you have already listed your property for sale in Tembisa, you should consider starting your search in Fourways. Continuous development and the potential of a solid return on investment makes this area one of the most attractive on offer.
If you are ready to make your move closer to the northern suburbs of Gauteng for business opportunities and have listed your property for sale in Tembisa, then you should definitely take note of the booming property market in Fourways.
For many in Gauteng, the dream of owning prime property in the northern suburbs will allow them to finally fulfil their work, live, play lifestyle and Fourways understands this better than most areas at present.
In fact, Fourways is actually one of the quickest expanding commercial and residential spaces in the province, and the incredible range of entertainment venues, amenities and residential options is appealing to younger buyers. This was backed up by Lightstone data, which showcased that just under half of recent purchases done were by people who fitted within the ages of 36 and 49.
Explaining just how much of an impact Fourways is making on the Gauteng market, 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.”
Settling in this space will not come cheap, but interestingly, it remains fairly priced for what is at your disposal. It will take around R700 000 to get into a one-bedroom apartment in the area, while entry level houses are over double that amount.
It also puts you in close proximity to the other more established business hubs in Gauteng, which adds to the convenience of setting up your base in Fourways.
With the expectation that demand will continue to increase, and new developments will bring even more attractions, it could end up being a solid investment for your future.
