This is an opportunity for investor developers to buy large tracts of land or farms and go through the process of having the land rezoned and watch the money roll in. The only bold move would be the limit of developers imagination. Existing estates have different approaches like having a mixed-use consisting of townhouse complexes, apartment complexes mixed with freehold homes that cater to the well-heeled.
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The suburb of Monument in Krugersdorp is a well-established suburb that falls in the middle-class segment. Being well-established means architecture is a time capsule of design and fashion changes. The older homes are slightly lower priced but still well-priced. The more modern homes priced above the R 1,5 mil mark are an investment. The mixed property usage attracts a broad income demographic to settle down in this tranquil familial suburb.
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More and more families choose to forego the convenience of living in a residential suburb and choose to live as close to nature as possible and Leeuwfontein Estate offers families this laid back farm lifestyle with the benefit of excellent security. Here there will not be any noise pollution on neighbours on your doorstep.
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There are property developers that are marketing clusters of properties which is a huge cost saving as there are no transfer duties payable to the developers. This also means you are purchasing a property that has a high value from the onset.
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Suburbs were established to cater homes for miner families and Randfontein now has numerous suburbs catering for the broad income group living in the town. The mixed property usage in the town and suburbs consist of townhouses, freehold homes, apartments, smallholdings and farms.
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The holiday home market is exceptionally lucrative and buoyant. Reasons for this are the distance of the town from Cape Town and Vredenburg at 145 km from Cape Town and 15 km from Vredenburg respectively. Listed in the top ten list of desirable Cape coastal hotspots should draw buyers.
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Located in Midrand Gauteng, Kyalami Business Park is in a prime location as it offers direct access to all the major routes to the four compass points in the country, and access to the OR Thambo airport.
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Freehold homes set the benchmark for property values which influence the sectional-title segment ensuring stable growth in both segments. This bodes well for the prestigious homes in Miramar as there is a lot of stock in the suburb. The middle-class income group, in turn, want value for their money and Miramar offers this to the market too.
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The suburb is aimed at the middle lower-income groups and in this price-class, the property values indicate steady growth since the suburb is a stepping stone for some residents that will upgrade later in life to more affluent suburbs or as their income increases and other suburbs become more affordable. First-time buyers find value in the property of the suburb which is attributed to the growth in value.
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The architecture of homes in the suburb is a treasure trove with a mixture of Edwardian, Art Deco and Victorian architectural styles to choose from. This offers renovators an opportunity to go back in history and restore homes to their former glory and if sold these homes fetch their value on the sales market.
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