As a resident agent, I thought it would be good to keep residents informed of what is happening in their area. This is a map of where the Jip de Jager Road extensions will be going through. Construction of phase 1 has commenced.
As can be seen from the comparative graph and table below, the growth factor in our areas remain above average, despite the fluctuations in the economy.
The graph has been compiled using average values as recorded by myself as successful resident area specialist since 1993, in conjunction with Deeds Office transfer information.
Towards 2006, the South African property market was at the end of its boom that occurred between 1999 and 2007.
An economic recession was experienced strongly in South Africa during 2008 and 2009.
The full impact of the National Credit Act was only really felt in the property market during 2009, due to the decrease in bond approval rates. These are some reasons for the slight plato seen on the graph between 2006 and 2011.
Despite these and various other factors, investments made by home owners in the area, have proved to be viable, since there was no negative growth or decline in property values.
A factor that make these areas so sought after is mainly due to excellent and popular schools in the vicinity, such as Kenridge Primary and Fairmont High Schools. It is estimated that your property in close proximity to good schools can boost its value by as much as 20-40 %, as opposed to similar homes in similar areas that do not feature schools. This is due to certain buyers being willing to pay a premium to acquire a property within the catchment area of the particular school(s).
Other reasons people want to be in the area is the easy access to main routes, various amenities that are close-by, the beautiful parks and green belts that are prominent in our area and the excellent community spirit and neighbourhood security.
Predicting the future growth of property values as a whole is very dependent on the country’s economic climate, which is affected by interest rates, GDP growth and job creation, amongst other things. Property analyst John Loos said, “Over the next number of years we should see a sizable real price correction. This means you can have nominal house price growth but it’s below CPI inflation, or below general inflation of the country therefore that translates into a price correction.” It will be interesting to see the outcome of the abovementioned factors on property market in our area.
Durbanville was originally called "Pampoenkraal" (Pumpkin Paddock) and was founded in 1806 around a spring and was primarily a watering station for travellers. This spring poured out thousands of gallons of sweet water a day, even in the height of summer, and in fact served the village of Durbanville as its water supply until 1958.
Indigenous people and the pioneers supplied the Dutch East India
Company with fresh fruit, vegetables and meat grown and cultivated on
these lands. The Dutch influence is still evident throughout the area,
especially notable in the beautiful Cape Dutch architecture of some of
the older properties.
The area's name was changed in 1834 to D'Urban in honour of Benjamin D'Urban, the then governer of the Cape Colony. In order to avoid confusion with the city in Natal, Durban, it was changed to Durbanville in 1886.
The Durbanville Wine Valley is over 300 years old with hectares of flourishing vineyards, award-winning wines and stunning venues for functions and weddings. The soil in the area has a high clay content and is therefore particularly suited to Sauvignon Blanc.
The unspoilt natural beauty of this wine valley has been preserved by
the passing of a law prohibiting industrial development in the area.
The serenity of surrounding countryside instils an atmosphere of rural
tranquillity and total relaxation combined with an urban buzz right here
on our doorstep.
The suburb itself has a thriving centre of modern facilities, shopping opportunities and Durbanville restaurants so that one hardly needs to travel to enjoy 21st century luxuries. It is centrally situated within minutes from the main highways into the city, beaches and Cape Winelands (Stellenbosch surrounds) giving you easy access to wherever you need to go. Blouberg Beach, where you get to view Table Mountain at its finest, is a mere 14kms away from Durbanville.
There are many activities and pastimes you can enjoy when staying in this great area.
Go golfing on the prestigious 18 hole Durbanville golf course. Visit
the Durbanville race course with polo events, racing and show jumping.
Make sure to see the lovely Rust-en-Vrede cultural museum and tea
garden, claimed a National Monument in 1984. There are many hiking
tracks and the Nature Reserve has preserves some of the Western Cape's
indigenous Fynbos. The very famous Rose Garden is found in Durbanville
Hills suburb where all new species of roses are tested - it is a
magnificent sight to see in the spring and summer.
The exciting newly developed Tygervalley Waterfront and Willowbridge is also an experience on its own, especially for the younger generation - with trendy restaurants and a great Saturday morning market!
Stunning views over the Paarl and Stellenberg mountains can be seen from the Eversdal and surrounding areas. In Sonstraal you will find the iconic Sonstraal Park and dam where you can feed the geese and ducks and even canoe or fish! If you are looking for the more rural parts of Durbanville, be sure to invest in Vierlanden, where there are many smallholdings and farms.
Many factors make Durbanville a prime investment area and it is no surprise that even during the tough and challenging economic climate property prices in Durbanville has still experienced an upwards trend and it is still growing. These reasons include:
The following top-class schools are situated in Durbanville: