Jun
2019
Richards Bay in KZN is one of those towns which has a dual purpose and this factor largely increases the attraction to homes in towns like Richards Bay.
The expansion of the town is based on the income generated by the worlds’ largest sea port exporting various minerals.
Due to this factor suburbs like Birdswood came into being and with all the industrial expansion demand for property in suburbs like Birdswood has driven property values with a median value of around the mid R700 mark in 2010 to above the R850 mark in 2015.
The town of Richards Bay is not large compared to major towns like Johannesburg thus all the important amenities like schools, malls, commercial and industrial hubs are all within easy access.
With this exposure and growth followed the tourism attraction of the town and region as the ideal second holiday home as homes are within the middleclass sector of the market but relatively affordable.
Property usage which comprises townhouses and freehold homes is another benefit for both permanent residents and tourists. Rental income in both the permanent and holiday market has a high demand making it a safe and stable income source.
Architecture is a mixture of conventional and modern which will lead the market in a positive trend with new developments and for home owners upgrading homes adding more value to homes and the suburb in general.
Reaching amenities in Richards Bay is not that much of a problem as all amenities are central thus is a major benefit to the town as a whole.
The town has reputable schools such as Richards Bay Christian School, John Ross College, Brackenham Primary School and Richards Bay College.
Malls in Richards Bay are Boardwalk Inkwazi Shopping Centre and Meerensee Mall.
Seasonal tourism in the town is at its busiest when the annual deep-sea fishing contest is held in April which means there is a great opportunity for commercial use of property in the form of guest houses and B&B’s.
Take a tour of the homes in Birdswood, Richards Bay via the MyRoof web-site.
