The suburb can be described as a middle to upper-class suburb with a mixed use comprising townhouses, apartments, clusters and freehold homes. This mixed use attracts potential investors which increases demand for the suburb and as a result stable growth in property values.
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Camperdown is a town in the KZN Province. This is a town which is still very much under development which means there are loads of property investment prospects from farms, small holding, commercial and industrial property to choose from.
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The picturesque and tranquil suburb of Dawncliffe is located in KZN. The setting of the suburb upon rolling hills makes for some spectacular architecture for those who can afford the expanse. Most of the stands in the suburb are large which offers further development of the property by way of cottages which add to the property value.
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With the number of country and lifestyle estates in the greater Hillcrest region it is a further indication of the high degree of demand for homes in the suburb and this may also translate to some of the vacant land being developed as more security and lifestyle estates and this in turn will have both a stabilizing and strong yield on property values.
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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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