Where to buy your next house
The Financial Mail’s annual suburbs survey sheds light on where to buy a home in the present climate in which wealth preservation, with an eye to growth over time, is the name of the game
Whether you prefer gentrified Oranjezicht to shabby-chic Rondebosch or old-moneyed Atholl to nouveau riche Eagle Canyon Golf Estate, you’ll have to become far more discerning in picking a suburb, given the way that house price growth is struggling to keep up with inflation. Today, it’s all about preserving your wealth: ensuring you buy in a suburb where the value of your property will be protected — and grow over time. The Financial Mail’s annual suburbs survey — our sixth in partnership with property research and analytics group Lightstone — reveals which suburbs are likely to give you the best bang for your buck, using historical figures. The survey ranks suburbs on price growth over one, three and five years in four major cities: Cape Town, Johannesburg, Pretoria and Durban. There are three price categories: the middle segment, which includes suburbs with average prices between R1.5m and R3m; the luxury category in the R3m-R6m range; and the upper end, above R6m. The last categor...
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