Tuesday, 05 November 2019 11:51

Parktown North poised for growth

After peaking in mid-2015 and a subsequent period of flat growth, Parktown North seems set for a return as developers target one of Gauteng’s most popular destination suburbs.

A survey recently carried out by the respected property analysts, Lightstone, has revealed a range of statistics that will be of interest to anyone keeping track of property trends in South Africa today, says Rowan Alexander, Director of Alexander Swart Property, the Cape Town estate agency headquartered at Brackenfell.

Bellevue East, located on the border of the upmarket suburbs of Observatory and Upper Houghton, emerged as one of the top performing suburbs in Johannesburg in terms of property price growth.

With the rand regaining some ground and inflation surprising on the downside this week, existing and aspirant home buyers will be relieved at the Monetary Policy Committee’s decision today (20 September 2018) not to increase the repo rate, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

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