ALL ABOUT LOCATION
SA’s best and worst suburbs
Unless you are a Cape Town homeowner, chances are that the value of your bricks and mortar investment has increased by no more than 3% this year. The trick now is to pick a suburb where prices are likely to grow by more than inflation
Water restrictions aside, Cape Town homeowners have plenty to cheer about this festive season — particularly those who own a pad in the city bowl or a swanky villa on the Atlantic Seaboard. Not only are Mother City landlords squarely in the money on the back of a sharp rise in Cape Town house prices over the past five years as upcountry buyers continued their great trek to the Western Cape, but some will also pocket a small fortune by renting their plush abodes to well-heeled holidaymakers over the next few weeks. They include a large contingent of international tourists, still flocking to Cape Town despite SA’s junk status and near-chronic levels of corruption. Dogon Group Properties, which clinched the record-breaking R290m sale of a Bantry Bay trophy home to a German couple last year, has struck a number of rental deals of more than R70,000/day in Camps Bay, Bantry Bay, Fresnaye and Clifton for the coming holiday season. One ultra-luxury home on Clifton’s Nettleton Road — the mos...
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