Smart city drives major shift in Joburg’s luxury property market
Share this article:
Johannesburg - A major shift is taking place in Joburg’s luxury property market, with many affluent homeowners now leaving traditional high-end suburbs such as Hyde Park, Sandhurst and Westcliff and moving to estates in the Fourways and Lanseria areas to the north and north-west of the city.
“This trend has definitely gained impetus since President Ramaphosa’s announcement earlier this year that the government intends to go ahead with the multibillion-rand Lanseria Smart City development over the next few years,” said Rory O’Hagan, head of the luxury portfolio division at Chas Everitt International.
For high-end buyers from the Joburg’s northern suburbs, the most popular estate choices at the moment include tried-and-tested options such as Dainfern and Fourways Gardens in Fourways, and a cluster of newer luxury developments around the Lanseria International Airport such as Blair Atholl Golf and Equestrian Estate, Monaghan Farm and Stonehaven, added O’Hagan.
“Blair Atholl, located 3km to the north-west of the Lanseria airport, is especially sought-after at the moment and we have sold R52m worth of stands and homes there since the start of this year. Dainfern is also still highly-regarded, and despite a shortage of stock, our team there has sold R36m worth of homes in the past few months.”
The main attraction of Blair Atholl currently is that it offers proximity to the planned Lanseria Smart City combined with low-density, luxury living around its Gary Player signature golf course and beautiful equestrian centre, said local Chas Everitt International agent Alexandra Bentley. “We have had a surge of enquiries and sales here since plans for the Smart City were confirmed.”
There are also kilometres of private bridle, cycling, running and walking trails within a lush, green environment that is crossed by the Crocodile River, and is home to a wide variety of antelope, birds and fish as well as warthogs and otters.
Several private schools within easy reach include Heronbridge and Pecanwood.