Purchasing a home is a daunting task with so much to consider from affordability to neighbourhoods, bond repayments to nearby amenities. But with the economy and property market as it is, the age of first-time property buyers is increasing as time goes because most people under-35 are hoping and waiting for an opportunity to buy their dream home. However, the most beneficial solution is to buy an affordable starter house as a first step towards your goal, such purchasing a sectional title property which offers prices between R500 000 and R1 million. It's an investment that you want to make sure grows as you do, whether it's for your own family or as a business opportunity.
We have found some regions that has been popular hotspots for young homeowners looking for affordability and convenience. Parklands in Western Cape is one of the most popular for young people looking for sectional title properties costing around R1 million. Almost half the buyers in this area are between 18 and 35 years old making this a great opportunity for first-time buyers.
Germiston and Ekurhuleni in Gauteng are newer spots where a majority of the purchasers are younger buyers. There are ample opportunities to get freestanding homes and other larger homes for affordable prices if you are willing to look. For those looking for properties that will make them money, here are a few suburbs look out for. Keep in mind that coastal towns are very profitable and in demand, with people looking for affordable and convenient places to live. Cape Town in general is a sound investment as it has been named one of the most affordable cities to live in. Green Point in particular is sort-after since it offers quieter city living as well as beautiful world-renowned coastal scenery. Prices range from R1.2 million to R2.5 million and while more expensive, they offer more in terms of amenities and convenience.
Gauteng is the work hub of the country, with a great need to house workers at competitive prices. Pretoria in particular is a fast-moving city and one of the more affordable metropolises in the country to live in with prices here coming in at the R2 million mark.
