Affordable property investment options in Gauteng

If you would like to expand your property portfolio without having to list your property for sale in Northglen, then consider finding some suburbs that offer good value.

Private Property recently posted information regarding 10 suburbs in Gauteng that had average house prices of under R1 million. This could prove as a decent investment to start off, which will come at a minimal monthly cost.

Whether you intend to move to Gauteng or just purchase the property to rent out, there are options all around the province that each have their own benefits.

Sandton has become one of the main business hubs in South Africa and acquiring property in the northern suburbs can be beneficial. To find reasonable property out north, consider looking at Ferndale. This suburb is close to Randburg and had an average price of R998 000.

There are also two options in the region between Lanseria and North Riding, with Northwold and Jackal Creek boasting properties for under R1 million.

The south of Johannesburg is another option that is perfect for those looking to work in the CBD, or want to be within close proximity to the East Rand. Winchester Hills offers the most affordable price at an average of R850 000, while Linmeyer is another option but is R100 000 more expensive on average.

One of the prime locations, especially for those moving between Pretoria and Johannesburg, is Midrand. Erand Gardens comes in as the most reasonable suburb in this area, with average prices of R878 750, with Halfway Gardens and Noordwyk being slightly more expensive.

The West Rand is catered for with two suburbs in Roodepoort, namely Witpoortjie and Radiokop.

When considering a property purchase at an affordable rate, be sure to check out these Joburg suburbs and you may find a bargain.