Follow the link in the email to complete the registration process. New data from Lightstone shows that Sandhurst, the ultra affluent residential area in Sandton, is the most expensive area in Gauteng when it comes to average property prices. Posted on November 15, 2018 January 18, 2020. South Africa’s 10 wealthiest suburbs, no contest really It's basically a two-horse race and even then there's really only one contender for who has the country's most affluent suburbs. Johannesburg Total city wealth: US$276 billion. If you are a buyer who is looking to make a multi-million rand investment in South.. It is loved by cyclists due to its banked roads and smooth curves. By utilising Lightstone’s lending grade automated valuations model the most expensive suburbs and streets in Gauteng were revealed and predictably Sandton and specifically its central suburb of Sandhurst dominated the list. Of these multimillionaires, almost half (48%) live in the northern suburbs of Johannesburg, or more specifically, in the heritage suburbs of Sandhurst (38), Bryanston (34), Hyde Park (30), Houghton (18), Westcliff, Parktown and Atholl/Inanda. And again, only two of those properties were sold for more than R20 million. Housing the Sandton Convention Centre and Johannesburg Stock Exchange, a 5 star hotel in Sandton puts you right in the heart of one of the wealthiest suburbs in South Africa surrounded by luxurious estates and upscale shopping precincts. Major sectors in Joburg include financial services (banks), professional services (law firms, consultancies), telecoms and basic materials. Six Best, Affordable Suburbs in Johannesburg. As reflected, the "Big 5 Atlantic Seaboard suburbs of Cape Town" (Camps Bay, Clifton, Bantry Bay, Fresnaye and Llandudno) account for most of Cape Town's R20 million homes. Where to find the wealthiest suburbs in SA. Darrenwood, Cresta, and Northcliff. Checkout this list for the best picks. It was named Victoria Road in honour of the queen of England. Lagos Total city wealth: US$108 billion. Johannesburg City Overview: Median rent in Johannesburg = R8000; Price Range in Johannesburg : R950 – R56000; Johannesburg is not just the largest but also the most happening city in South Africa. Sandton is centered around Sandton City, a shopping centre built by Liberty Life in 1973. Is it the number of wealthy individuals who live there, the number of high-end homes it contains or the rate at which its home values appreciate? Exclusive suburbs in … These are the wealthiest streets and suburbs in South Africa’s economic hub of Joburg. When it comes to suburbs, South Africa has appetizing options to offer. If you love entertaining or just enjoy spending time outdoors, these homes in La Como Lifestyle Estate, Helderfontein Estate, Fairhaven Country Estate and Simbithi Eco Estate will make your heart skip a beat... Estate living continues to buck the trend in the property market, offering security, exclusivity, and myriad facilities which now often include schools, shopping malls and in some cases a beach. To help investors decide where to invest their money, the AFRASIA Wealth Report 2018 revealed the most popular suburbs for multimillionaire residents in both Cape Town and Johannesburg. Saxonwold is one of Johannesburg’s oldest suburbs, as well as one of the city’s most affluent areas. Exclusive suburbs in the city include Hyde Park, Sandhurst, Houghton and Westcliff. Johannesburg is also the wealthiest city and economic powerhouse in Africa. This is an affluent suburb in Cape Town near the sea and is one of the wealthiest areas in South Africa. “Then in Bryanston, which is a much larger area than either Sandhurst or Hyde Park, there is a huge variety of homes on offer, with the result that prices actually only average about R1.4 million for sectional title units currently, and about R5 million for freehold properties.”. Please contact our Property24 Support Team for further assistance. This unique city is often referred to as Jozi, Jo’burg, Egoli or City of Gold as it is home to some of the worlds’ richest gold fields. This home on an acre in Westcliff, Johannesburg, is selling for R35 million - click here to view. JOHANNESBURG - According to Lighstone’s latest newsletter the most expensive suburbs in Gauteng are all located in Sandton, with the exception of Blair Atholl. To help investors decide where to invest their money, the AFRASIA Wealth Report 2018 revealed the most popular suburbs for multimillionaire residents in both Cape Town and Johannesburg. Most of Johannesburg’s wealth is concentrated in Sandton. Approximately 900 of them are in Cape Town, with around 480 in Johannesburg. Tel. Johannesburg Northern Suburbs Map   Darrenwood, Cresta and Northcliff   Darrenwood, Cresta and Northcliff are small suburbs of Randburg where you will find numerous houses and apartments dating back to the 1960s.  There is the Darrenwood Sports Centre, the Darrenwood Dam and numerous sports clubs and bowling clubs. UHNWIs are defined as individuals whose net assets are worth US$30 million (approximately R356 million) or more and, according to a report released late last year by the Sandton-based wealth consultancy New World Wealth, there are about 600 such individuals currently residing in South Africa. Just to the west of Parktown is Westcliff and Parkwood, which is one of the wealthiest areas in Johannesburg, as it is located on the side of a very tall hill and overlooks the inner city as well as the northern suburbs. New data from Lightstone shows that Sandhurst, the ultra affluent residential area in Sandton, is the most expensive area in Gauteng when it comes to average property prices. Cape Town home to 9 of the 10 richest suburbs in SA Only one suburb in another province, namely Sandhurst in Gauteng, cracked the top 10 list. According to historians, the suburb was a farm bought by Hermann Eckstein to explore for minerals. This is followed by Cape Town, with 360 multi-millionaires (18%) and Durban, with 120 (6%). DURBAN – Owing to the fact that there is a much smaller pool of potential buyers who can afford these kinds of homes, luxury listings are often the trickiest to sell. Most of Johannesburg’s wealth is concentrated in Sandton, which is home to the JSE (the largest stock market in Africa) and to the head offices of most of Africa’s largest banks and corporates. Read: South Africa’s richest streets and suburbs right now. For others it’s about spectacular views, privacy, top-notch security or just the heady aroma of champagne and old money. Durban Total city wealth: US$55 billion. Northcliff Hill with its winding roads and attractive homes nestled on the slopes is especially stunning, while Melville is trendier and has a bohemian feel. The report indicates that although low economic growth continues to increase pressure on the overall property market, the current value of the Gauteng market remains stable to the previous year’s findings. 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