Bargains are still out there in the property market

When it comes to the property market, you may think that bargains are a thing of the past, or that you would have to list your property for sale in Durban before looking to add to your portfolio, but recent information has revealed otherwise.

Private Property released an article recently that revealed that there were 10 suburbs in Gauteng alone that offered house prices of under R1 million. This was significant in the fact that BetterBond had released statistics from 2017 that showed that 60% of the bonds that were approved in the 12 month period were for properties under the value of R1 million.

This is highly important for young buyers who may be entering the market for the first time, but it also offers those who are looking to start investing in property the chance to get their portfolio started.

Expert tips in property investment will urge people to open their minds when it comes to searching in the right areas. Often, inexperienced investors may think that only fashionable suburbs offer the chance of making a profit. This is the wrong perception though, and what the abovementioned list from Private Property shows, is that there are bargains to find.

One of the most surprising suburbs to make the list was Ferndale, which is near the established and affluent Randburg area. This property is within close proximity to a number of the major commercial hubs in Gauteng and may offer a significant return on investment in years to come.

Looking deeper into this list, it is clear that no matter what province you are in, if you put the time into researching various areas and the suburbs they offer, you are likely to come across a developing area that could see property prices spike in years to come.

When investing, if you can get in early enough and ensure that you stay within your budget, the reward at the end of the day could be well worth the wait.