INVESTOR INTELLIGENCE
City and the light industrial areas of Paarden Eiland and Montague Gardens , coupled with its relaxed lifestyle , schools , transport infrastructure and hospitals , is increasingly popular .
“ While there is a shortage of rental stock across all price ranges , tenants are , however , wellinformed on market related prices and reject properties that are overpriced .”
Proximity to the beach and views of Table Mountain , Table Bay , Robben Island and just the beach in general , have a direct influence on value – the closer to the beach , the higher the purchase price - but this comes in tandem with a higher rental income .
The further away from the beach , the lower the purchase price and the more affordable the rent . Areas which stand out as providing a good balance between the two are Sunningdale , Royal Ascot and Century City . These are newer areas , and in many cases offer a secure living environment .
MANAGING YOUR INVESTMENT PROPERTY
Many investors who live in close proximity of their investment , place their own tenants and manage their own leases . Aspirant landlords with their investment in close proximity , should until such time as they have navigated the world of tenancy , appoint an agent to procure a qualified tenant , draw
92 SEPTEMBER 2022 SA Real Estate Investor Magazine