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INVESTMENT TRENDS rental income growing nicely . So , stay ready , take advantage , and secure those great deals !
Property price growth is also continuing to rise , and I believe it could be significantly higher in the future .
Three reasons why property price growth will continue to rise 1 . Average property price growth since 2000 is 9.5 %, which is significantly higher than the 2.6 % we are currently experiencing . Higher property price growth is in our future !
2 . Property ’ s input costs , including construction materials ( such as concrete , bricks , steel , etc .), construction worker labour costs , and land prices , have increased faster over the last decade than property prices increased , which
can also lead to higher future property price growth .
3 . Rental escalations , which determine your rental yields on property , are also higher than property price growth in SA . This could also lead to higher property price growth in future .
Despite uncertainties in the property investment sector , I still believe in the power and potential of property investment . There are endless opportunities for growth and success , and I , for one , intend to make the most of them !
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Jaco Grobbelaar Managing Director Prosperity Enterprises
SA Real Estate Investor Magazine MAY / JUNE 2023 40