Neighbourhood 7 NOVEMBER 2020
PROPERTY & LIFESTYLE
Far and
wide
We take a look at the property buying preferences of baby boomers and where Gen X-ers and millennials are settling down, page 2
6 EXCLUSIVE SELECTION OF HOMES FOR SALE yourneighbourhood.co.za
Connecting homeowners with great communities
2
PROPERTY
7 NOVEMBER 2020
New moves
Tricolt developments in Serengeti Estates
We compare generational property buying preferences – what interests baby boomers and where are Gen X-ers and millennials settling down? WORDS: DEBBIE HATHWAY • IMAGES: SUPPLIED
Young professionals are increasingly seeking a haven to retreat to for one month a year to focus on wellbeing Alasdair Pritchard, Knight Frank Private Office
C
ovid-19 and lockdown have changed the way we live but – beyond shrinking budgets – changing sentiment is impacting investment decisions.
are important but setting and proximity to nature are the decisive factors. “Waterfront, forest and mountain locations are most in favour,” says Pritchard.
The Wealth Report by Knight Frank publishes results from its annual Attitudes Survey, based on responses gleaned from 620 private bankers and wealth advisors who manage more than $3.3 trillion (±R53 trillion) for ultra-high net worth individuals (UHNWIs).
CLOSE TO NATURE
This year’s survey, conducted in October and November last year, reveals that 45% of respondents believe wealthy investors are more and more concerned about the impact of the buildings they invest in on the wider environment. When asked how important wellness attributes are when choosing a new home, they emphasised access to nearby green spaces, the availability of wellness facilities, and property design and how it contributes to their physical and mental wellbeing. The report quotes Alasdair Pritchard of Knight Frank’s Private Office team, who says young professionals are prioritising health and wellbeing. “This is no longer the preserve of burnt-out executives in their 40s or 50s. Young professionals such as tech millionaires are increasingly seeking a haven to retreat to for one month a year to focus on wellbeing.” Preferred locations among his clients include South Africa, New Zealand, the Alps, Malibu, the Hamptons, Sydney and Japan. Design and functionality
PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING
Parklands, Steyn City
Lightstone Property reports more families are looking to work remotely and swap city life for the coast, where nature, family and lifestyle come first. “As a result, those relocating are creating opportunities in the cities for existing homeowners to buy up and first-time homeowners to enter the market,” says Lightstone head of real estate Esteani Marx. Estate agents have reported better-than-expected interest in coastal areas such as northern KwaZulu-Natal and the southern Cape. Nova Stella in Shakas Rock on the North Coast is a luxury estate ideal for baby boomers. It offers pet-friendly bespoke apartments starting from R2,195m for a two-bedroom, two-bathroom unit, according to Rainmaker Marketing. Baby boomers (born between 1946 and 1964) with their considerable financial clout, still represent a significant sector of the residential property market, says Andrew Golding, chief executive, Pam Golding Property group. “This sizeable generation of late-50s to over-60s who raised a generation of millennials (born between 1981 and 1996), are investing in the comfort, security and spaciousness of lifestyle estates in appealing, countrified environs still within easy reach of hubs and all amenities,” he says.
Oasis at Steyn City in Midrand
EDITORIAL TEAM
ADVERTISING SALES
Editor: debbie.loots@thecreativegroup.info Subeditor: Marana Brand Designers: Peter Batistich & Samantha Durand Visit yourneighbourhood.co.za
Call us for advertising opportunities on 087 828 0423 Production (Editorial & Property Advertising): Lucea Goosen jhb@yourneighbourhood.co.za Online coordinator: Chantelle Balsdon chantelle@augmentcreative.com
7 NOVEMBER 2020
PROPERTY
3
Baby boomers by numbers • 2,1 million baby boomers are active in the property market • 22% have transacted since turning 56 years of age • 78% still live in a property they own prior to turning 56
Source: Rainmaker Marketing
Millennials seek the lifestyle benefits a certain area affords over a larger private space
Tree Tops Houghton by Tricolt
Jacques van Embden, MD, Blok This generation remains highly active and enjoys having leisure and sports activities on their doorstep. For people with means, a second leisure property in South Africa or offshore is incredibly attractive. Those wishing to travel without being tied to a large property or who are downscaling or looking for a retirement property, seek the convenience of a lock-upand-go sectional title apartment or townhouse or a manageable coastal property large enough to host visiting family and friends. Golding says the lockdown has given further momentum to multigenerational living, with parents most likely from Generation X (born from 1965 to 1980), adult children and grandparents all living within the same estate.
GATED COMMUNITY
Estate-living options ideal for baby boomers wanting to settle on KwaZulu-Natal’s North Coast include Seaton Estate by the Royal Shaka Property Group, Zululami Luxury Coastal Estate by Collins Residential and Gold Coast Estate by Devmco Group in the Sibaya Coastal Precinct. Steyn City Parkland Residence is an excellent example of a large gated community that sprung up in the “new north” between
Johannesburg and Pretoria. The estate is home to a range of ages, but its retiree population fits the specs of a higher-income, active resident who tends to refire rather than retire after 60.
South Africans, offering an engaged and accessible lifestyle through well-designed spaces and unprecedented facilities. One-bedroom, one-bathroom apartments start from R799,000. A R10,000 deposit secures the property, and bond and transfer costs are included.
Steyn City marketing and events group head Zoe van Onselen says most of their retired buyers choose cluster homes for their lock-upand-go convenience. “They want a simple home with less maintenance. Security is paramount and Steyn City is known for highly advanced security measures,” she says. Steyn City offers two cluster developments – 65 on Park and Origin, where baby boomers make up about 30% and 25% of buyers respectively. Tricolt CEO Tim Kloeck says baby boomers at Serengeti Estates are buying for lifestyle, safety and a great environment for walking. This estate is on the R21 between Pretoria and OR Tambo International Airport. More centrally, Tree Tops Houghton apartments is a sectional title development that delivers lock-up-and-go ease for baby boomers. “People buy here more as an investment but we do have a few retired residents. They love Rosebank, which is close to their friends and favourite restaurants. They want to downscale, but in the area,” says Kloeck.
Serengeti golf course
LIFESTYLE BENEFITS
Meanwhile, research by urban property developer Blok highlights the trend of “living outside the home, where millennials seek the lifestyle benefits a certain area affords over a larger private space”, says Jacques van Embden, MD at Blok. Millennials are all about the neighbourhood and affordability. Fifty-six percent of survey respondents earned between R15,000 and R25,000 per month, which weights their current living circumstances towards renting. “This is not because they don’t want to own property, but rather because millennials want to invest in a modern space with new furnishings and there’s little
available that fits the bill within their price range. Most respondents also indicated they could only afford a property with a maximum price threshold of R750,000,” says Van Embden. The latest trend among millennials seems to be reinvestment. “In SA, it’s expensive to buy property in trendy upmarket areas. Many millennials are choosing to buy property as an investment in a less expensive area and let it, while they themselves rent in their suburb of preference. This is the generation of ‘rentvesting’,” according to Rainmaker Marketing. Launching 21 November, Wedgewood Sandton has been shaped through a strategic partnership with the top awardwinning property experts on the continent. This latest offering from Balwin Properties defines a new way of city living for
In Johannesburg, Balwin finds a market for price-conscious Gen Z-ers in secure complexes with amenities, such as The Reid in Sandton. “Clients prefer to be as close to work as possible but want the best value for money. The Reid is in a prime position near the business centre of this suburb yet surrounded by natural beauty,” says Balwin property executive Carmine Lord. One-, two- and three-bedroom apartments come standard with free appliances and start from R809,900. “Most Gen Z-ers prefer central locations but millennials are definitely moving further out to suburban locations to get more for their money,” says Balwin property executive Michelle Blackburn. Balwin’s Ballito Hills development, which targets both groups, is located within 35km from Umhlanga, with easy airport access. Amenities on residents’ doorstep include a restaurant, a pool and a gym and spa, access to which is covered by levies and therefore cost-effective. One-bedroom, one-bathroom apartments start from R1,1999m.
Buying power and preferences • The 24 to 40 age group buys the most properties, including second homes, followed by the 40 to 49 and 49 to 64 age groups. • Millennials (born between 1981 and 1996) account for 56% of buyers purchasing second properties. Baby boomers (born between 1946 and 1964) account for 17%, and investors above 65 years of age account for 6%. • Freehold property remains the favourite property type, followed by sectional title and estate living.
Origin interior, Steyn City
Source: Lightstone Property
6 
Neighbourhood
yourneighbourhood.co.za | 07 NOVEMBER 2020
Neighbourhood
What's ON SHOW this weekend?
MARKETPLACE
Get the full list at www.yourneighbourhood.co.za
BEACHFRONT PROPERTIES
To advertise here please contact Lucea on 087 828 0423
AMADADA LEISURE ESTATE - R2 650 000
ON SHOW SUNDAY 3-5PM
LUXURY TOWNHOUSE APARTMENTS
Beachfront Properties Pty Ltd are proud to have been appointed as sole selling agents of six luxury townhouse apartments, at one of Port Elizabeth’s “Best Kept Secretsâ€?. A wonderful opportunity to own a piece of this fantastic lifestyle in Amadada Leisure Gated Estate in Summerstrand !!! These two upmarket units boast modern, sophisticated ďŹ nishes throughout and need to be seen to be appreciated. Distant sea views of Algoa Bay from upstairs. Amadada Leisure Estate is situated within walking distance to the ďŹ nest blue ag beaches, restaurants, vibrant nightlife and loads of other amenities.
Contact Neil Dorward 083 600 4555 or Alley Kolesky on 084 569 3051
Neighbourhood PROPERTY & LIFESTYLE
AGENT INDEX Search By Suburb - page 7 Amdec..................................................... 4 - 5 Azur Real Estate............................................7 Beach Front Properties..................................6 Just Property.................................................7 Legal Eagle....................................................7 Re/Max Bay...................................................7 Talietha Holloway Properties........................ 8 FOR BOOKINGS & ALL PROPERTY ADVERTISING ENQUIRIES CONTACT LUCEA ON TEL: 087 828 0423 Email: pe@yourneighbourhood.co.za
ON SHOW
Neighbourhood
Show house guide
Get it all at stneighbourhood.co.za
AS SHOW HOUSE TIMES VARY WITH EACH AGENCY, PLEASE CONFIRM THE TIMES BEFORE VISITING A SHOW HOUSE
SUBURB PRICE DIRECTIONS
AGENCY
Amadada Leisure Estate Kabega
Beach Front Properties Just Property
R2 650 000 R 699 000 Pointers: From Van Der Stel Street and Cape Road
Whilst every effort is made to ensure correctness of the information, the Publisher does not accept liability for any errors or omissions.
Neighbourhood
yourneighbourhood.co.za | 07 NOVEMBER 2020
SEARCH BY SUBURB
7
CENTRAL - R540 000
CENTRAL – R750 000
HUMEWOOD – R895 000
HUMEWOOD – R950 000
HUMEWOOD – R1 200 000
BRAND NEW RELEASE! Very large sunny north facing apartment. Comprising of neat kitchen, large lounge onto balcony, large bedroom and bathroom. Secure parking bay.
NEW RELEASE - SOLE MANDATE Large unit close to everything, offers 2 beds, lounge/dining, fitted kitchen, enclosed balcony and lock up garage. This 100 square meter unit is a fantastic investment. Call me for more information!! Maruska Psotka 082 716 6454
GOOD INCOME EARNER! Neat apartment on top floor in secure block with lovely seaviews. Has access control. Walking distance to all amenities. Offers 2 large bedrooms, large and sunny living areas with enclosed balcony. Unit is 89m² and has secure parking bay. Maruska Psotka 082 716 6454
NEW RELEASE - SOLE MANDATE! Mint condition, charming and spacious 2 bedroom apartment in a very secure and well maintained block. Fitted kitchen, bathroom with separate toilet. Enclosed balcony and secure under cover parking bay. This is a beachfront apartment close to all amenities. Maruska Psotka 082 716 6454
RELAX THIS SUMMER! Enjoy the tranquility of this attractive 2 bedroom apartment close to all amenities and walking distance to the beach. Features include 2 bathrooms, large living areas with sliding doors onto balcony. Fitted kitchen and undercover parking bay. This apartment is situated in very well run block with good security all around. Maruska Psotka 082 716 6454
HUMEWOOD – R1 720 000
HUMEWOOD – R2 690 000
KABEGA - REDUCED TO R699 000
SUMMERSTRAND - R3 900 000
TOP LOCATION! SUPER APARTMENT! Spacious beach front apartment offers 3 bedrooms, 1 and a half bathroom. Open plan large living areas with stunning uninterrupted sea views Secure parking bay, laundry facility and CCTV cameras. This is a great well managed complex. Maruska Psotka 082 716 6454
REDUCED The ideal home for large family and the entertainer. 4 Spacious bedrooms, 3 bathrooms (1 en-suite). Large living area with study. The entertainment area has a braai, lovely garden and pool. Also offers an extra-large flatlet. X2 Double garages, laundry and staff accommodation. A home you will never want to leave. . .Welcome Home. Maruska Psotka 082 716 6454
Maruska Psotka 082 716 6454
ON SHOW - Sunday 8th November KABEGA - RUSHDEN GREAT VALUE FOR YOUR MONEY. This is a spacious 3 bedroom unit with two parking bays. Set away from the main road in a quieter area yet still close to amenities. There is a communal garden with gate. Please pop in to our show house to have a look.. Pointers from Van Der Stel Street and Cape road. Pam 083 704 4561
9 BEDS - 8 BATHS - 2 GARAGES - 6-off-street parkings
Lovely family home in Old Summerstrand with good income generator with its 4-5 self-catering flats. Large upstairs studio with balconies and sea views that can be rented out. The options are multiple. In a good location, 500m from beach in an established garden with borehole, backup water and electricity systems. Call for private viewing, Contact Babette on 084 693 1483
To advertise here contact 087 828 0423
Know your rights and obligations when building a new home The Housing Consumers Protection Measures Act, 95 of 1998 (“the Act”), was promulgated to protect housing consumers and to provide for the establishment of the National Home Builders Registration Council (“the Council”). Section 10 of the Act provides that no person shall carry on the business of a home builder or receive any consideration in terms of any agreement with a housing consumer in respect of the sale or construction of a home unless that person is a registered home builder. The Act also stipulates what the duties and functions of the Council are. It has wide powers of inspection and offers the home owner protection against defective structural issues with the home for a period of 5 years. The above are some of the provisions of the Act in broad terms. To assist the Council in monitoring compliance with the Act, it has placed a duty on certain role players in the property industry. Section 18(1) of the Act provides that no financial institution shall lend money to a housing consumer against security of a mortgage bond registered in respect of a home to finance the purchase of the home by the consumer from a builder unless that builder is registered in terms of the Act. Banks often pass this obligation to obtain proof of registration onto the
BE A BETTER AGENT AND SELL MORE HOUSES
with Property Professional
conveyancing attorney. It goes further, and section 18 (2) provides that a conveyancer attending to the registration of a mortgage bond in favour of a financial institution shall ensure that the home builder is registered in terms of the Act. If you are embarking on building a new home, take the trouble to make sure that your builder is registered with the Council and that he enrolls your home even if a bank is not financing your new build. If a builder advises you that it is not necessary for him to register because some exemptions may apply, ask the Council to verify the position before engaging his services. Failure to comply with the applicable legislation will also undoubtedly affect your resale value should you wish to sell the home within 5 years. Author: Peter Bowes
Tel: 041 506 3700
www.blcattorneys.co.za
Sign up for the newsletter and get involved on Facebook Sign up via propertyprofessional.co.za
Get balanced analyses of market and industry trends
Read and watch practical advice and useful how-tos
Be part of an industry community and increase your network
PROPERTY
PROFESSIONAL THE SOUTH AFRICAN PROPERTY INDUSTRY PORTAL
8
Neighbourhood
yourneighbourhood.co.za | 07 NOVEMBER 2020
SWARTKOPS
Tel/Fax 041 583 4583 e-mail: th@thprop.co.za ALGOA PARK
ALGOA PARK FREESTANDING FAMILY HOME
ALGOA PARK ALGOA HOF
STEPHEN 082 400 9510
ALGOA PARK
ALGOA PARK
ALGOA PARK STAY IN LUXURY This neatly renovated modern home offers 2 bedrooms with build in cupboards, full modern bathroom, lounge with beautiful modern fitted kitchen with sliding door leading to undercover braai area all on spacious erf with a lock-up garage. R750 000 STEPHEN 082 400 9510
W E NE EAS L E R
This home offers
R
STEPHEN 082 400 9510
ALGOA PARK
GREAT STARTER.
ED
FOR THE YOUNG FAMILY This facebrick home offers 2 bedrooms with build in cupboards, lounge, kitchen and bathroom, carport all on spacious enclosed erf. R599 000
This home offers 2 spacious bedrooms with build in cupboards, neat tiled floors,modern bathroom, living area with open plan fitted kitchen opening onto spacious courtyard all in secure complex with secure parking. R550 000 STEPHEN 082 400 9510
This neat home offers 3 spacious bedrooms with build in cupboards, lounge, dining room, family room, 1.5 bathrooms, fitted kitchen, laundry, double garage and carport all on enclosed erf. R899 000
UC ED
FOR THE YOUNG FAMILY. This spacious unit offers 2 large bedrooms (bic), beautiful bathroom, lounge, dining room, fitted kitchen, guest toilet and garage. R499 000 STEPHEN 082 400 9510
STEPHEN & TALIETHA 082 400 9510 082 442 6931
3 bedrooms, lounge, kitchen, bathroom all on enclosed yard with sliding gate. R350 000 STEPHEN 082 400 9510
KLARADYN COURT This unit offers 3 bedrooms, lounge, kitchen and bathroom with separate toilet and garage. R320 000 STEPHEN 082 400 9510
ALGOA PARK
AANDBLOM. This unit offers 3 bedrooms (bic), lounge, beautiful fitted kitchen, bathroom and toilet. R299 000 STEPHEN 082 400 9510
IDEAL STARTER HOME. This home offers 2 bedrooms, 2 bathrooms, large lounge, diningroom and kitchen. Double carport. All on enclosed erf. R499 000
This neat home offers 3 bedrooms with build in cupboards, lounge, beautiful fitted kitchen, bathroom with separate toilet and shower, garage with enclosed tandem carport, servant quarters plus neat one bedroom flatlet with lounge, kitchen and bathroom. All this on large enclosed erf. R980 000 STEPHEN 082 400 9510
ALGOA PARK GREAT STARTER 3 Bedroom home with 2 bathrooms, lounge, diningroom with sliding door opening onto patio with braai area, fitted kitchen with laundry. Garage. All on enclosed erf. R599 000 STEPHEN 082 400 9510
This home offers 2 bedrooms, lounge, fitted kitchen and bathroom. 3 Garages and bachelor flatlet. All on one erf. R650 000 STEPHEN 082 400 9510
NORTH END
ALGOA PARK
OWN YOUR OWN BLOCK OF FLATS / STUDENTS. 1 x 7 Bedroom flat with kitchen, lounge, bathroom and courtyard. 1 x 3 Bedroom flat with lounge, kitchen, bathroom and courtyard. 1 x 2 Bedrooms flat with lounge, kitchen and bathroom and yard with secure parking. R1 299 000 STEPHEN 082 400 9510
ED
C DU
RE
CASH ONLY / GREAT STARTER This home offers 3 bedrooms, living area, kitchen and bathroom. R220 000 CASH ONLY STEPHEN 082 400 9510
NORTH END
GREAT STARTER. This home offers 2 bedrooms, lounge, kitchen, bathroom, lock-up garage all on neat enclosed erf. R369 000 STEPHEN 082 400 9510
NORTH END
CENTRAL
SECURE LIVING. This spacious unit offers 2 large bedrooms with build in cupboards, spacious lounge, fitted kitchen, bathroom, secure parking. R499 000 STEPHEN 082 400 9510
FOR THE INVESTOR / STUDENTS This beautiful home offers 2 bedrooms, lounge with fireplace, kitchen, bathroom and secure parking all in the heart of Central. R620 000 STEPHEN 082 400 9510
NEW BRIGHTON
KWADWESI
SIDWELL FAMILY HOME /
IDEAL FOR BUSINESSES. This property consist of large warehouse with office, kitchen, toilet, single garage with outside storeroom on enclosed erf. R699 000 STEPHEN 082 400 9510
STUDENTS. This home offers 3 bedrooms, lounge, kitchen, bathroom, secure parking for 2 vehicles R549 000 STEPHEN 082 400 9510
KWADWESI
IDEAL STARTER HOME
STEPHEN 082 400 9510
ALGOA PARK
BY D L O S HEN STEP
ALGOA PARK
ALGOA PARK SPACIOUS FAMILY HOME
KWADWESI
MOTHERWELL
MOTHERWELL
W E NE EAS L E R
BY SOLDAN RIA FAMILY HOME. This home offers 3 bedrooms, 2 bathrooms (1 mes), lounge, dining room, kitchen, double garage. R650 000 STEPHEN 082 400 9510
SAFE AND SECURE FAMILY HOME This home offers 3 bedrooms with built in cupboards, 2 bathrooms (1mes), kitchen with built in cupboards, open plan lounge to diningroom and a garage. R630 000 STEPHEN 082 400 9510
SPACIOUS FAMILY HOME. This home offers 3 bedrooms with build in cupboards, bathroom, fitted kitchen, lounge, diningroom and large family room / possible garage all on enclosed erf. R650 000 STEPHEN 082 400 9510
PARSONS VLEI
KENSINGTON FAMILY HOME This home offers
W E NE EAS L E R
NICE SECURE HOME, CLOSE TO AMENITIES. Offers 2 bedrooms (bic), laminated floors, kitchen (bic), 1 lounge, 1 bathroom (tiled), 1 garage. Enclosed boundary walls, spacious yard, needs some TLC R380 000 RIAAN 064 514 3752
3 bedrooms (bic), full bathroom with separate toilet, lounge, kitchen, laundry and double garage all on enclosed erf. R650 000 STEPHEN 082 400 9510
VAN DER STEL
LOVELY SPACIOUS FAMILY HOME This home offers 3 bedrooms, 1 bathroom, diningroom, large lounge. Stunning modern Kitchen (bic), single room flatlet, double garage on remote, driveway. Secure front single gate & fence. R749 000 RIAAN 064 514 3752
ROWALLAN PARK SPACIOUS FAMILY HOME This home offers 3 bedrooms (bic), with 1 (en-suite). 2 Bathrooms in total. O/plan kitchen (bic), lounge area with space to create dining area. Front and back yard, braai area, 1 garage on remote. Front entry and sliding gate, boundary walls all around.. R939 000 RIAAN 064 514 3752
W E NE EAS L E R
BLUEWATER BAY SPACIOUS LIVING IN THE WESTERN SUBURBS This freestanding home offers 3 bedrooms with build in cupboards, bathroom, fitted kitchen with lounge, diningroom and family room. Lock-up garage all on a corner enclosed erf of more than 1 000 m². R1 100 000 CHIVONNE 064 541 9802
SECURE FAMILY HOME This home offers 3 bedrooms, open plan lounge to dining room, kitchen, bathroom, carport, flatlet with toilet and a storage. Enclosed boundary wall. Close to amenities. R420 000 STEPHEN 082 400 9510
BEAUTIFUL SPACIOUS FAMILY HOME – JUST MOVE IN This home offers plenty. 3 Bedrooms (bic), O/Plan kitchen (bic), 1 Bathroom (shower + bathtub). Lounge area, dining area, office (study) area. Spacious front/backyard, braai area. Large swimming pool, spacious deck. Flatlet with kitchen and bathroom. Parking for 6-8 vehicles, sliding gate on remote. House alarm. R1 379 000 RIAAN 064 514 3752
SUMMERSTRAND TWO HOUSES ONE ERF. 2 Houses and flatlet. 2 Houses each offer 3 beds, 2 bath (1mes), lounge, dining room, kitchen, D/garage. Flatlet offers 2 beds, lounge, kitchen, bathroom and D/carport. R1 999 999 STEPHEN 082 400 9510
SPACIOUS AND STUNNING This home in the heart of old Summerstrand offers 4 bedrooms (bic), 2 bathrooms (1mes), formal lounge, family room flowing into diningroom and farm size modern fitted kitchen, study, pool with entertainment area with build-in braai, laundry, servant quarters with bathroom, double garage, PLUS spacious flatlet with kitchenette and bathroom. R2 699 000 STEPHEN 082 400 9510