Property has long been seen as an important part of any well-rounded investment portfolio. But, given the current state of the South African property market, is buying-to-rent still a good move? As long as you do your homework and go in prepared, there are still some sound investment opportunities available. Here are a few factors to take into account.
1. Buy in the right location.
It may be a cliché, but it’s with good reason that the three most important aspects of property are said to be location, location, location. So, if you’re looking at buying an investment property, make sure that you choose one in a prime location. What makes a suburb sought-after? Typically, it’s a combination of factors that includes easy access to freeways and transport, proximity to business hubs and the availability of lifestyle elements like restaurants, gyms, green spaces, shopping destinations etc.
Harbour Arch ticks all of these boxes and more. Situated in the heart of Cape Town’s CBD and within easy reach of the N1 and N2 highways, it guarantees quick and easy access to the airport, southern suburbs, northern suburbs, Atlantic Seaboard and the Winelands. The city’s largest mixed-use precinct, it will include retail outlets, restaurants, coffee shops and cocktail bars as well as a rooftop garden, sundeck, pool and exercise area.
2. Make sure the price is right.
Value for money is key when considering an investment property, as is making sure that the rental yield makes financial sense. Apartments at Harbour Arch are priced from as little as R2 980 000 and offer not only exquisite views and upscale finishes, but sought-after new urban living in a secure and beautifully maintained precinct. Residential apartments in the Cape Town CBD are also constantly in high demand, generating rental returns and capital growth that are among the highest in the country.
3. Look for good security.
Security estates and secure apartment buildings are always a popular choice as they provide residents with a lock-up-and go lifestyle and peace of mind. Harbour Arch is an excellent investment from a security point of view, as residents can look forward to secure basement and above-ground parking as well as controlled electronic access and CCTV.
4. The market is cyclical.
If you’re uneasy about the current state of the South African property market, remember that like all markets, it is cyclical – and the benefit of buying while a market is suppressed is that you can look forward to good returns when it picks up again.
Keen to find out more about Harbour Arch?
Encapsulating the principles of new urban living, and presenting an opportunity for people to live, work, play, relax, and stay in a safe, convenient and community-focused environment, Harbour Arch is a singular investment opportunity. Contact Harbour Arch today on 087 809 0000 or click here to get in touch with a sales consultant.