The Links Property

Location

The neighbouring suburbs of The Links are Briza , Westridge and  Somerset Ridge.

Property Market

The total extent of The Links is about 27,5 ha. There are 183 own title properties (93%) in the The Links suburb and 13 sectional title properties (7%). The median land size for own title property is 920 sq.m. The median price obtained in 2010 for own title properties had been R1 800 000.

Between 2005 and 2009 61 own title properties and 4 sectional title property were sold in The Links - i.e. an annual average of 12 own title properties and 1 sectional title property. Own title sales volumes between 2009 (10 houses) and 2010 (4 houses) dropped by 60% as owners opted not to sell their properties at below market values. Sales volumes for own title property in 2010 were 66,6% below the annual average of 12 homes sold. Total sales for own title property in The Links during 2010 has been R6,6 million whilst 2009 sales totaled R17,67 million - i.e. a year on year drop of 62,6%. . Average total sales volumes in The Links during the period 2005 to 2009 has been R21 480 593 p.a. The R6,6 million total sales achieved in 2010 is therefore 62,9% lower than the average annual total sales volumes between 2005 and 2009.

The two highest prices achieved to date for own title properties in The Links has been R2,9 million (2008) and R2,5 million (2009) and for sectional title properties R960 000 (2007). The lowest price obtained for an own title property during 2010 has been R1 125 000 and for sectional title property R830 000.

The Links experienced a 1,4% growth in median prices for own title property between 2009 and 2010 - increasing from R1 775 000 to R1 800 000. The growth in median prices for sectional title property between 2005 (R720 000) and 2010 (R875 000) has been 21,5% - i.e. an annual growth rate of 4,3%. The growth in median prices for own title property between 2005 (R1 300 000) and 2010 (R1 800 000) has been 46,2% - i.e. an annual growth rate of 9,2%.

There has been a 32,3% growth in average prices of own title property in The Links between 2005 (R1 246 794) and 2010 (R1 650 000) - that is an annual growth rate of 6,5%. The growth in average prices for sectional title property between 2005 (R716 666) and 2010 (R875 000) has been 22,1% - i.e. an annual growth rate of 4,4%.

Sales statistics regarding the ratio of bonded vs cash sales in The Links varied from 25% cash sales in 2005 to 50% cash sales in 2010. ABSA bank has with 45,2% the largest bond share in own title property in The Links (Nedbank 14,3% / Standard Bank 16,7% / FNB 11,9%). 

• Residential Sale Property Ranging from R1,650,000 to R1,795,000