I am always fascinated by property prices, and of course there are a lot of surveys each year and each of them telling a different story. The Sunday Times reported on the biggest percentage increases, in value, over the past year. Naturally, a category like that is going to be won by an area with a relatively low price that has gone up quite substantially than an area that, for example has an average price of R10 million and where prices go up R1 million during the year is only going to see a 10% increase whereas an area with a R500 000,00 average price, goes up to R750 000,00 while only showing a R250 000,00 increase is going to show a 50% return on one’s money.

In terms of return on one’s money, as a one year percentage increase, Broadacres in Fourways came first in South Africa. I have written quite a lot about developments in the area over the past year and so that is no surprise to me and of course there is still a major development of Douw Steyn City, where a blog I wrote on this development some time ago, continues to attract anonymous comments.
There is no doubt that the whole of Fourways, and probably Lanseria next, is the “new north” and that there is a considerable migration towards those areas, with a lot of young upwardly mobile people and developments, and so it was not a surprise to see Broadacres feature so well.