Property sales and rental markets buoyant in Kuils River and surrounding areas

Kuils River has a very diverse property market that has remained active despite the current economic conditions, says Herbie de Klerk, principal of Jawitz Properties Kuils River and Eerste River.

“Properties in Kuils River and Eerste River span the entire property price spectrum with homes selling from R100 000 to R12 million. The top end of the market is dominated by properties in and around Zevenwacht Estate where average properties sell for R3.5m, but where anything under R7m is currently scarce.”

Selling homes that span the lower and top-end property spectrums means that de Klerk’s team have to adaptable.

“We provide a service for everyone; from the lower end of the market right through to the luxury market. Our team of 20 agents leverage their diversity and this appeals to our customers,” says de Klerk.

To grow his team and promote diversity, de Klerk has seven learners who have qualified and are practising as estate agents after completing their learnerships with the business and six more are currently participating in the learnership programme.

“A great source of talent has been the Department of Public Works’ internship programme that sponsors learners to qualify as estate agents. Once they’ve passed their course, estate agencies select who they would like to employ on a permanent basis.

““We selected three learners from this programme and they’ve done very well. I also believe it helps enormously for them to be part of an experienced and positive team; we just don’t allow negativity. It’s generally a young team, as we’re mainly in our 30s, and we believe that each culture brings its own strengths and weaknesses, so we’re able to cover all the bases quite well,” de Klerk says.

The buoyant sales markets in Kuils River and Eerste River have resulted in a healthy and active rental market. The areas are in demand among tenants in the lower to middle of the market, but even overall, de Klerk says they haven’t experienced any dips in rental values.

“This is a great time for investors to get into the buy-to-let market as there is good movement of rental properties and a lack of stock in this area. What’s really nice for property investors is that this area is still affordable and we’re in the lucky position where rentals still achieve good escalation rates,” says de Klerk.

“The fact that this is a buyer’s market makes the price sensitivity being experienced even more ideal for buy-to-let investors. Buyers know exactly what they want and they’ll wait until the properties they want are more realistically priced.

“Even if a home is overpriced by just R100 000 to R200 000, the number of enquiries is low. But as soon as the property is more realistically priced, the enquiries start flooding in, especially in the R2m plus range. This is a good time for buy-to-let investors to get into the Kuils River and Eerste River areas,” de Klerk concludes.