Mar
2022
Mondeor is a mixed-use residential suburb of Johannesburg. Mondeor was established along with other suburbs of Johannesburg in the region when gold was first discovered on the Witwatersrand. There are still a few mines in operation but the mining industry is viewed as an allied industry and the allied industries have branched out to become major contributors to the South African economy, tourism and manufacturing. Crown Mines was a large conglomerate of combined mining houses that included suburbs like Mondeor. As a small notable fact, Gold Reef City Casino has its mint that manufactures its coins for slot machines and has also branched into casting foundry work for the automotive industry like ventilated brake discs rotors and callipers on motor vehicles amongst their clients are famed Porché Supercars that are fitted with brake discs and callipers from the mint.
Considering these two facts along with the vast spectrum of property usage in the suburb will give one an idea of how stable and appealing Mondeor is for buyers wanting to invest in homes in the leafy well-established suburb.
The homes, apartments and townhouses in the suburb are a historical collection of the history of gold, small beginnings and striking gold. This is the cultural history of Egoli captured in the architecture of homes that range from R 800 000 to well above R 5 mil. There are only a few places in South Africa that appear less profitable and turn out to be a rich diverse investor and homeowner property haven. Period homes juxtaposed against modern chic and altruistic expansive designer homes, all side-by-side in the same suburb. Renovator homeowners and investors are never disappointed in the investments made in the suburb.
The suburb is in a prime location offering convenient access to all the major precincts in the commercial and industrial sector. Gold Reef City Hotel and Casino provide income to residents of Mondeor but also from other parts of Gauteng.
Residents that are self-employed or employees have convenient access to other regions in Johannesburg namely Aeroton, The Chris Hani Baragwanath Academic Hospital, Robertsham, Booysens and Langlaagte and commercial nodes in Rosettenville, Bassonia and Sandton.
Being an established suburb means that the infrastructure is established and residents have schools like Mondeor Primary School, Mondeor High School, Hartford College, Meredale Primary School and Pioneer Akademies.
Gold Reef City Casino and hotel afford residents the convenience of having a five-star rated hotel and events venue to enjoy and then there are malls like Columbine Shopping Centre, Nasrec Corner Shopping Centre and Mall of South Africa.
