Estate Living Magazine New Beginnings - Issue 37 January 2019 | Page 28

P R O P E R T Y
A
&
I N V E S T M E N T
CAPTIVE
MARKET
OF EAGER
STUDENTS
AND ANXIOUS
PARENTS
School’s out, and matriculants are at that age when they know everything and are ready to take on the world. Moms
and dads all over the country are entering that tricky phase of parenting a young adult.
it is a buyers’ market, so purchasing property in an area close to a
university is a smart investment opportunity as there will always be a
good rental market.
Owning a property in areas like Cape Town, Stellenbosch, Durban
and Port Elizabeth has the added advantage that these are tourism
towns, so you can cash in on holiday-makers at the end of the year
between student lets – or use it as a family holiday home over the
long Christmas break.
Bosmans Club
The lucky ones have offspring who have been accepted at the local
university and can stay at home and commute. But many young
adults are excited, and frighteningly overconfident at the prospect
of uni in another city – and this can bring a whole new range of issues
to give parents sleepless nights.
We know that our vision for their student days is a fantasy. Our
shiny-faced child will probably not be getting up, making their bed,
eating a nourishing breakfast and doing the dishes before rushing
off eagerly to lectures in a perfectly ironed outfit. We can only hope
that they will attend most lectures, eat more than they drink, and
pass everything at the end of the year.
Bosmans Club
While parents can’t control how their student offspring live, they all
want to know their young adults are staying in a safe area with easy
access to campus – but this sort of accommodation is in short supply
countrywide.
Student accommodation offers a
range of financial opportunities
Many people living close to a university supplement their income by
building on a flatlet, or renting out a room in their house. Right now,
The Den, Stellenbosch