DURBAN - Affordability continues to drive demand in the established Midrand suburb of Halfway Gardens, with buyers being drawn to its varied property offering and accessible prices.
"Buyers can choose from a range of sectional title, cluster and freehold homes for under R3.5 million," said Baby Sebolai, Pam Golding Properties area specialist for Halfway Gardens.
Notwithstanding a house price inflation of close to 60 percent in the past decade, and the 42.6 percent increase in sectional title prices for the same period, Halfway Gardens still provides considerable value for money.
Freehold house prices start at around R1 million, making them especially appealing to first-time buyers. Lightstone property data shows that 57 percent of recent buyers in Halfway Gardens were between the ages of 18 and 35.
While some of the homes are very modern, others allow for renovations that enable buyers to make changes to suit their needs. Most of these homes fall within the R3.5 million price range, but there are some exceptional properties that can sell for up to R5 million.