Properties in the suburb are of a mixed use comprising freehold homes, townhouses and apartments. There are a number of vacant stands in the suburb waiting for the right design which, in the suburb ranges from conventional to modern and ultra-modern. This means the suburb can be classified as a middle to upper-class suburb with large grounds of most of the homes.
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Apartments are favored by permanent residents and out of town investors alike for the convenience and security they offer with the added benefit of walking access to the beaches and malls.
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Residing on the fringes of the hustle and bustle of the large metropolitan area of the greater Durban certainly has its benefits such as large open spaces, manicured tropical gardens and the use of the natural surroundings which all add to the demand for these stately homes.
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The suburb of Malvern became one of the sought after suburbs and this led to the demand the suburb now enjoys. This has been the factor in ensuring that the property values in the suburb have increased steadily and now yields market related growth within the greater eThekwini municipality.
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Apartments have a strong foothold in the market in the buyers and the rental market alike. This is mainly due to the proximity to pre-schools, schools and malls, commercial and industrial hubs and of course the security that comes with living in remote access control. Apartments are well priced depending on the number of rooms and living areas.
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Leaning towards the upper-class segment within the market place means many of the homes are situated on large grounds with some properties on smallholdings and there are a number of vacant stands and townhouse complexes which does open up the market to the middle-class income group and young families entering the market along with a number of farms which could serve as lodges, B&B’s or guest houses as the region is a tourist destination apart from the beachfront of the Durban coastline. This means there are commercial property usage opportunities for investors in the tourism industry in the suburb.
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Property usage in the suburb varies from farm land, smallholdings, townhouses, freehold homes to vacant stands. This means there is ample room in the market to cater for every need.
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The Point caters for a diverse market which consists of young families, well-heeled business men and holiday property investors. This translates to a stable seasonal rental market with high seasonal income.
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The mixed property use comprises apartments, townhouses and freehold homes and the price range will suit most pockets which are one of the reasons the market is stable with a fair degree of demand.
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The suburbs of Port Shepstone, as in any other town, has its various niche markets which also adds to the general demand as there are affordable homes, middle-class suburbs and more upmarket suburbs. In suburbs like Umtentweni there are new townhouse and apartment developments being undertaken which is a further indication of the growing market.
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