The town of Kriel and the region has a dual source of sustainable economic power in the coal mining and power delivery industries.
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The suburb has been growing and expanding over the years to what it is today. Properties have of course changed with time and demand and most have kept pace with architectural trends and also the desire for larger homes have been catered for which has added value to the overall property value in the suburb.
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The location of the suburb has to be the best there is, since it is close to Johannesburg CBD, the commercial hubs of Bruma and Bedfordview, the R24 highway and major teaching hospital universities.
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Flanked by De Wetshof, Bruma and Linksfield Ridge, the suburb has a huge Asian following and is highly sought after for its location and what the homes offer in terms of value.
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It is a short distance from up market suburbs such as Bruma and Bedfordview, allowing the suburb to offer loads in terms of property investment prospects.
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The first tourist attraction has to be the caves and artifacts from that era, followed by the unspoilt nature and wildlife, with scores of private and state game farms in the region.
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The setting and location is idyllic with a large number of the homes being afforded a sea view due to the undulating countryside and dunes on which the village was developed.
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The homes in Philipstown are affordable and the trend has been to convert many of the larger homes into guest houses which are a constant source of income.
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The property values in Umzinto are driven by demand and proximity which are stabilizing factors in the property values.
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The home prices are driven by demand for the more affordable income bracket in the population with prices ranging from the mid R400 000 to above the R1,000,000 mark. Thus there is growth in the property values which is a good indication of the stability and demand for the suburb.
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