Real Estate Investor Magazine South Africa April 2018 - 100th Issue! | Page 22

PROPERTY HOTSPOTS
to prevent illegal occupation of their premises by unauthorised
sub-tenants, while the tenants are protected against exploitation
by slumlords,” he explains.
The model could very well be a blueprint for other CBDs,
where affordability challenges has left many people hopeless and
desperate. Not only does this provide housing, it also protects
property owners: “This is a way for property owners in these ar-
eas to achieve a ‘meeting of minds’ with their prospective tenants
and achieve much higher occupancy levels, while the tenants
get the clean, safe and secure accommodation they want at an
affordable price. Apartments and buildings are much less likely
to get hijacked in such conditions and the city itself is likely to
benefit from more regulated letting and lower defaults on utility
payments,” explains Schaefer. 4. Westville
According to Private Property’s statistics, five KZN suburbs
stand out as hotspots for tenants. This is measured by analys-
ing the number of views per listing on the website. Simon Bray,
Private Property’s CEO, highlights that safety, amenities, good
schools and transport links are some of the characteristics that
make these, and any, rental suburbs popular. 5. Durban North
Rental hotspots
1. Glenwood
The trendy suburb of Glenwood has a mix of coffee shops, eat-
eries and excellent schools that continue to attract renters to the
area. Having a university on the doorstep and a central location
close to the CBD also accounts for its enduring popularity.
Median rental prices in Glenwood
Flat: R6 550
House: R13 250
Complex: R10 250
A typical property to rent in Glenwood is a 1 bedroom flat
with a median asking price of R5 700.
2. Musgrave
Musgrave is a melting pot of cultures, ages and interests. The
suburb is convenience personified, with its central location and
easy access to main roads making it simple to get to any other
area in Durban. The area has good public transport services from
buses and taxis; is conveniently close to schools, universities and
colleges; and is home to Durban’s oldest shopping centre, Mus-
grave Centre.
Median rental prices in Musgrave
Flat: R8 500
House: R12 250
Complex: R11 000
A typical property to rent in Musgrave is a 1 bedroom flat
with a median asking price of R6 550.
3. Morningside
This centrally located neighbourhood in Durban is minutes away
from the beach, nightlife, shopping and schools. Close by you
can find artisan bread, organic veggies and a handful of shops
that sell collectables, while Florida Road is known for its trendy
nightlife and eateries. The suburb attracts a diverse range of peo-
ple, from students, to young professionals to the extremely well-
heeled – in fact, the president has a home in this area.
Median rental prices in Morningside
Flat: R8 500
House: R14 500
Complex: R9 900
A typical property to rent in Morningside is a 2 bedroom flat
with a median asking price of R8 500.
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APRIL/MAY 2018 SA Real Estate Investor Magazine
The suburb has long been popular due to its convenient location,
excellent amenities and superb schools. The leafy, green suburb
offers an excellent selection of property from flats and complexes
to large family