The Mpumalanga town of Secunda has stands for sale at prices from R200,000, and one and two-bedroom apartments from around R600,000. These properties are sought by first-time buyers and buy-to-let investors, according to Natasha Herbst, the local Rawson Property Group franchisee.
“For families, there are many modern townhouses available at prices from around R750,000 and houses that are somewhat older but in excellent condition from around R1m,” she said. “And of course the town offers great education options, with about 10 primary schools, three public high schools and a Curro private school that accommodates both primary and secondary learners.”
Retaining the retired
Several new retirement developments have been built in Secunda which, along with top-notch medical facilities including three private hospitals, are encouraging older residents to stay on rather than leave town after they stop working.
“In fact, the latest figures from property data company Lightstone show just how stable the Secunda property market is, with 56% of homeowners having been residents for 11 years and more,” she said. “And the prices of their properties have doubled in the past 10 years, with the average for a sectional title unit having risen from R400,000 to R850,000 currently, and that for freehold homes having risen from R680,000 to R1,35m.”