Nov
2017
Johannesburg CBD was for many years a major source of employment and when the art deco lifestyle lost momentum in the CBD people moved to the suburbs. It was from there suburbs like Eastgate were established as an exclusive haven.
The affluent suburb of Eastgate in the east of Johannesburg has and will command a high degree of demand in the property market.
Most notably is the prime location of the suburb as it offers access to Sandton, Rivonia, and Bryanston, Rosebank and its surrounding commercial hubs and the many industrial hubs such as Isando, Jet Park, Boksburg, and Elandsfontein. This makes the demographic of the suburb very mixed.
Property values experience a slight rise due to the development of new apartment buildings which cater for the well-heeled executive end of the market and this has been passed down to the surrounding properties.
The well-maintained homes, sidewalks and manicured designer gardens all speak of a proud community and the suburb is very much inviting and family oriented. Mostly modern architecture will appeal to a reasonable wide market and this factor also adds to the demand for homes and higher property values. The good service delivery to the suburb is also evident in the general neatness of the roads and sidewalks.
Property usage in Eastgate now consists of free-hold homes, cluster homes and some apartments which will mean there is scope for first time buyers to enter the exclusive market and upgrade from there to larger homes.
Due to the prime location and exclusive status of the suburb there is a fair demand for rental property within Eastgate, which will appeal to foreign contract executives seeking that touch of exclusivity and tranquility.
Other benefits are of course the access to the OR Tambo International Airport adding to convenience for foreign and domestic tourists.
An exclusive status means there are also a number of reputable schools servicing the suburb such as Bedford Christian College, Bedfordview High School and Queens High School.
With the ever expanding Eastgate Mall on the doorstep means there is no need to travel very far for retail needs.
Take a tour of the homes in Eastgate via the Myroof web-site.
