Property Buyer Show Durban What to expect
National property market
KZN versus the rest
KZN hotspots
Buyer demographics
Information available to property buyers Property market overview
Residential vs Non Residential Residential Property Type Volume Value
Sectional Title
Residential
Total of Total of 6,7 million 8 million residential Freehold properties properties valued at R5,6 trillion
Non-residential Estates Disparity in the residential property market
Volume: 6,7 million
Value: R5,6 trillion Municipal breakup of residential property value eThekwini suburban breakup of residential value We are here
National property market
KZN versus the rest
KZN hotspots
Buyer demographics
Information available to property buyers Overview of property stock – segmenting residential National City of Cape Town City of eThekwini Volume Value Volume Value Volume Value
More than R3m R1.5m – R3m R1m – R1.5m R700k – R1m
R500k – R700k
R250k - R500k R0 – R250k House price growth eThekwini
50%
40%
30%
20% Annual Annual Inflation
10%
0%
-10% 2000 2002 2004 2006 2008 2010 2012 2013 2014 2015 2016 2017 2018 2019
City Of Cape Town Ethekwini Kwazulu Natal National Western Cape New homes registered
7 000
6 000
5 000
4 000
3 000 Volume of Stock of Volume
2 000
1 000
0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016 2017 2018 2019
First Private Registration Date Western Cape Kwazulu-Natal Ethekwini We are here
National property market
KZN versus the rest
KZN hotspots
Buyer demographics
Information available to property buyers Most expensive streets and suburbs in KZN
Top suburbs – average value
R 8.1m R 7.5m R 6.9m Hawaan Forest Estate, Alton, Zimbali, Umhlanga Richards Bay Balito
R 6.2m R 4.4m Izinga, Dunkirk Estate, Umhlanga Salt Rock
Top streets – average value R 13.2m R 12.4m R 12.1m Hunningdon Wood, North Ridge Road, Michel Avenue, Phoenix Durban Umhlanga
R 12.0m R 11.5m Driftwood Drive, Milkwood Drive, Balito Balito Most expensive and high growth estates in KZN
Median property value
R 9.8m R 9.7m R 8.1m Birdhaven Estate, Izinga Park, Hawaan Forest Estate, Salt Rock Umhlanga Umhlanga
R 7,5m R 6.7m Zimbali Coastal Resort, Seven Acres Estate, Ballito Kloof
House price growth 5,9% 5,1% 4,9% Brettenwood Coastal Estate, Elaleni Coastal Estate, Ukwazi Ridge Estate, Salt Rock Salt Rock Kwadukuza Nu
4,7% 4,6% 4,5% Palm Lakes Retirement Village, Izinga Park, The Gardens, Kwadukuza Nu Umhlanga Umhlanga Top 10 high growth suburbs over the last 12 months
1. Tinley Manor Beach 7,11% 2. Wentworth 5,4% 3. Maidstone 4,9% 4. Grosvenor 4,7% 5. Sydenham 4,5% House Suburb price 6. Carrington Heights 4,4% inflation 7. Reservoir Hills 4,2% 8. Centenary Park 4,0% 9. Shakas Rock 4,0% 10.Signal Hill 3,9% eThekwini median property value
Less than R250k
R250k – R700k
R700k – R 1.5m
R1.5m – R3m
More than R3m We are here
National property market
KZN versus the rest
KZN hotspots
Buyer demographics
Information available to property buyers Buyer age for properties purchased (last 12 months)
18 - 25
23 - 35
35 - 45
45 - 55
55 - 65
65 - Older Top 10 suburbs with the highest number of first time buyers
450
400
350
300
250
200 Number ofBuyers Number 150
100
50
0 Lovu Dukuduku Greytown Charlestown Ambleton Harding Bonela Newlands East Amanzimtoti Bulwer We are here
National property market
KZN versus the rest
KZN hotspots
Buyer demographics
Information available to property buyers National house prince growth forecast House price inflation forecast for 2019: 3 scenarios applied: Current annual inflation rate is 3,28% CPI Growth Monthly is 0,25% 4% - 5.5%
High Road Forecast Low Road Scenario scenario GDP Growth 4,5% 3,0% 2,0% 0.75% - 1.5%
Repo Rate Increase Between -50 and 100 basis points Information available to property buyers
Transfer History • How many times the Property Details property has been sold and Imagery • Size of stand who owned it before you • Measure the area • Previous sales prices under roof
Crime, Fire… Lightstone • And other insurance related Lightstone’s Predicted Value aspects of a property information • With confidence scores and available municipal valuations
Amenities Area Details • Showing various Growth and • Other properties sold in the area amenities near to • Demographic information (age of Activity trends the property owners and period of ownership) Thank you lightstone.sa
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