Young demographic drawn to Northcliff, Fairland
Category Industry News
The upmarket suburbs of Northcliff and Fairland have become extremely popular among professionals, couples and starter families aged between 25 and 40.
The latest Lightstone figures show that 39% of recent buyers in Northcliff are aged between 18 and 35, while 45% of recent purchasers in Fairland fall into that age bracket.
Maria Grieve, Adrienne Hersch area expert, says, "Both areas not only meet the needs of young professionals, but are ideal for families looking to put down roots."
She says both areas offer residents an unparalleled lifestyle full of practical convenience with a multitude of entertainment offerings, proximity to major transport routes and leading schools.
Maria adds that these areas offer a diverse mix of homes for all types of budgets from luxury family homes to fixer uppers to sectional-title cluster homes and apartments.
She says both areas have become synonymous with offering buyers' excellent value in comparison with neighbouring suburbs.
Buyers can expect to pay between R 995 000 and R 2 250 000 for a two-bedroom apartment in Northcliff. A three-bedroom townhouse in the suburb can fetch anywhere between R 2 200 000 and R 3 700 000.
At the same time, a two-bedroom apartment in Fairland will cost between R775 000 andR 1 500 000, while a three-bedroom townhouse is selling for between R 1 180 000 and R 2 700 000.
Prices for freestanding homes in both areas vary significantly based on size, location, finishes and features.
Northcliff is 53% larger than Fairland, which is reflected in the number of freehold homes in the area - 63%, compared to 41% in Fairland.
Fairland however has a larger constituent component of complexes, close to 50%, whereas this type of ownership in Northcliff comprises just 25%.
Maria says a significant reason for Northcliff and Fairland's rising popularity is recent commercial and retail development in surrounding areas of Randburg, Constantia Kloof and Roodepoort.
She adds that a major reason for Fairland's climbing popularity is its strong reputation for safety.
"According to crime statistics released in 2018, Fairland is the safest area in Johannesburg."
She says she expects both areas to perform strongly for the remainder of 2019.
"I think Gauteng's property market in general will receive a welcome boost after the elections. Fairland and Northcliff in particular will continue to perform strongly due to their easily accessible locations, broad mix of available properties and value for money."
For more information on properties available in the Northcliff and Fairland areas, contact Maria Grieve on Tel: 072 436 7666 or Email: email@example.com
Author: Adrienne Hersch Media Team