This residential suburb has some of the best and most affordable homes in the region, which has made it a popular destination for renters in Gauteng. Subsequently, the buy-to-let market has transformed to meet the insatiable rental demand, with more small-scale investors capitalizing on the active market.
The biggest market in South Africa is the affordable housing range and under a million rand mark is still your best sellers. The demographics currently renting property in Glen Marais largely fall into three groups that centers around young professionals relocating to the area for employment opportunities, families who require spacious homes with good yard space and young couples who require affordable starter homes.
There are 2 other developments currently in the area that is for entry-level market and starting at R1,400,000 up to R2 million.
The Reason People are relocating to this area:
The main impetus for people relocating to Glen Marais is to be situated close to Kempton Park’s CBD, which is comprised of 365 ha of industrial and commercial nodes. Here you can find prominent business parks such as Plumbago Business Park, Transit Industrial Park and Clearwater Estate Business Park.
Furthermore, the OR Tambo International Airport as well as the town’s very own Gautrain station, has fuelled the business sector. As more businesses relocate or expand into the town, the rental market will continue to experience a high rental demand as an increased number of professionals move here for employment opportunities.
It is also interesting to note, recent data suggests that many professionals are choosing to live in Glen Marais even though they work in locations such as Sandton, Rosebank, Midrand and Pretoria. And this is because the Gautrain station, which is situated in the Kempton Park suburb of Rhodesfield, lies only 14 minutes away and effortlessly connects to key business hubs.
Here, you can find, Glen Marais Shopping centre, Intercare Glen Marais Medical and Dental Centre, and Maranatha Christian School. Tenants also benefit from a network of amenities in the wider Kempton Park, such as Kempton Gate Mall, Arwyp Medical Centre and Edenica Private School.
The success of Glen Marais’ rental market is owed to its affordability and perfect location close to the CBD, the Gautrain and a range of amenities. This has created an optimal environment for both renters and buy-to-let investors.
The PropWatch is used to follow the property cycle that circulates over a 7 to 10 year period and is based on the relationship between interest rates, supply and demand, affordability/finance availability and the cost of renting.
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