Page 12 - Kyalami_Issue 1_2022

PROPERTY NEWS

PROPERTY TALK

WITH ROB HUDSON

OF RE/MAX ONE

In this Edition: How is our Kyalami Estates Property

performing? A comparison with Fourways Gardens.
And a Quick Guide to accurately value your home.

I The below left graph shows the average number
thought it would be informative to take a look
of sales in Kyalami Estates and Fourways Gardens
at our Kyalami Estates property performance in
over the past 10 years. Given that Kyalami Estates
comparison with an estate very similar to ours.
Property24 reported in the first week of February
anticipate a slightly higher level of annual sales, which
2022 that some gated estates in SA achieved 25% is approx. 15% larger (full title properties), one can
price growth over the past 5 years. Although it was tends to be the case. However, for me the key take
noted that a number of these are in the Western out of this graph is the very strong increase in sales
Cape, Blue Valley in Midrand was reported to have over the last 3 years in both estates.
experienced a 24% growth in value in the last
5 years. However, Kyalami Estates has not seen In Fourways Gardens, the number of sales in 2021
this level of growth. The following article provides a was over double that of 2019. So we are certainly
comparison of our estate with Fourways Gardens to in a strong sales/supply market phase. In Fourways
better understand the prevailing pricing trend. It also Gardens, 63% of sellers are 50 years or older and in
provides an easy and accurate formula to calculate Kyalami Estates, 78% of sellers are 50 plus.
your home’s market value.
Both estates attract the ‘family’ buyer market so it is
a natural transition to sell once the family grows up,
Kyalami Estates and Fourways Gardens but this strong uptick in sales over the past few years
Comparison is no doubt also a function of ‘semigration’ to coastal
areas and emigration. Unfortunately, from a property
I chose Fourways Gardens Estate as a comparison
to Kyalami Estates because of the close similarity in value perspective, a growing supply trend is not great
size, history and the full title property offerings i.e. we news for existing owners. But for those with friends
or family looking to get into either of these estates,
are comparing apples with apples. Fourways Gardens now is a good time to buy as there are attractive
is effectively Kyalami Estates’ older sister, with both purchase options.
estates being initiated by Anglo American. Fourways
Gardens started in 1984 and Kyalami Estates Median Selling Price
(R’000)
followed in 1987. Fourways Gardens does have some Median Selling Price
(R’000)
sectional title, but in this comparison we consider 4500
only the full title properties (Fourways Gardens has 4000 3800 3925 3700 3565 3925 3725 3650 3600 3825 3850 3875
3500 3385 3500 3300 3475 3475 3350
1033 and Kyalami Estates 1199 full title properties). 3200
3000 2850 2945
Annual Number of Sales 2500
2000
Annual Number of Sales
(full title properties) 1500
(full title properties)
120 1000
500
100 95 96 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
80 75 77 Fourways Gardens Median Price Kyalami Estates Median Price
69
61 60 59 59 58 61 60 59 64 59 58
60 49 The above graph shows the median selling price (i.e.
44
38 40 the annual mid-point in property prices) and it is quite
40
uncanny how similar the selling prices are in both
20
estates. No doubt, the similarity in age of properties,
0 sizes of properties, types of properties and buyer
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Fourways Gardens No. of Sales Kyalami Estates No. of Sales profiles drives this.
10 Kyalami Estates • CONNECT • Issue 1 • 2022