Tyson Properties experiences massive residential sales increase as demand for area grows
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Massive infrastructure expansion in Fourways Gauteng, as well as increased congestion in nearby Sandton areas, has seen the Fourways suburb become a vibrant and dynamic hub with an inevitable boost in demand for residential property as people are opting to move northwards.
This has prompted the growth of Tyson Properties Fourways with the group increasing office space and establishing the biggest Tyson Properties’ office in the country. The branch has tripled its sales in the last six months, underscoring the level of skill and knowledge of each Tyson sales’ representative.
Although always an in-demand area because of reasonably priced properties, Fourways has seen a notable surge in recent years. Between 2013 and 2015, the number of sectional title property sales increased by more than 500%.
“This continued growth in the Fourways area has brought with it new lifestyles, businesses and residential areas,” explained Jonathan Davies, Gauteng Regional Director for Tyson Properties. “Looking back on the dusty, open area that Fourways used to be, it is remarkable the changes that have been made.”
Davies said the establishment of both Montecasino and the Fourways Mall essentially put the area on the map, prompting exponential growth.
“The Fourways area has emerged as one of the most popular because of the proximity to good schooling, highways and main arterial roads,” he said. “It also links the eastern and western areas of Johannesburg and the commute from north to south is also extremely convenient, joining it to the Sandton CBD. There is also easy access to Pretoria, the city centre and Lanseria Airport.”
Fourways is now situated within three kilometres of two primary schools and three shopping centres which explains why 67% of recent buyers in the secure estate, Fourways Gardens Estate, are aged between 36 and 49 years. Other exclusive estates include Dainfern Golf Estate and Steyn City Parkland Residence, all of which have huge appeal for young families looking for a secure, carefree lifestyle.
“Understandably, one of the first questions we get asked by potential buyers is ‘what security features are available?’,” said Davies. “This keeps estate living in high demand, something that Fourways now has in abundance. Buyers are also looking for easy access to commuter routes, something else Fourways offers.”
Commenting on the types of residential properties being sought, Davies said there was a range depending on lifestyle and individual needs.
“Investors tend to look at the lower-priced, lettable sectional title units and cluster complexes as these offer good capital growth with low maintenance. Estates definitely attract the family-orientated buyers.”
According to Davies, buyer profiles range across all ages and ethnicity.
“They are generally more affluent and include everyone from young professionals to those downscaling or retiring. The market is currently a buyer’s market so there is a wealth of available property across the range.”
Author: Tyson Properties
