Randburg Residential Property Market Report
Introduction:
Randburg, established in 1959, is a vibrant area comprising 32 residential suburbs, including well-known names like Linden, Bromhof, Cresta, Darrenwood, Fairlands, Northriding, Northwold, and Olivedale. It offers a diverse range of properties, appealing to various preferences, from homes with historic character to contemporary developments.
Designed as a garden city, Randburg is characterized by its numerous parks and family-friendly entertainment options. Properties for sale in Randburg benefit from robust infrastructure and cater to a wide spectrum of homebuyers – from freestanding homes in tree-lined streets to luxurious lifestyle estates, cluster homes, and affordable apartments or flats conveniently located near major commuter routes.
The business district of Randburg hosts the headquarters of many prominent companies, such as MultiChoice (DSTV). The area has no heavy industries, with light-industrial activities limited to printing plants and small engineering works. Randburg is also widely recognized for its extensive array of shopping centres and entertainment venues, including Ferndale on Republic (formerly Randburg Waterfront), Cresta Centre, NorthGate and many others.
1. Randburg Residential Property Market - Size
In 2024, Randburg demonstrated a robust residential property market, generating R6,77 billion in residential sales. A total of 4 097 residential properties changed hands in this Johannesburg suburb during the year.
Randburg is home to 97 689 residential properties, comprising 37 107 own-title properties and 56 262 sectional title properties, with an additional 4 320 vacant land units.
The residential property sales in Randburg for 2024 were divided as follows: 1 903 own-title property sales valued at R4,30 billion and 2 162 sectional title property sales valued at R2,42 billion. Additionally, 32 vacant land sales accounted for R51,45 million. This translates to approximately 341 residential sales per month, or about 1 property sale per day, with a combined sales value of approximately R564,58 million per month or R1,55 million per day.
2. Randburg Residential Property Market - Demand
The demand within the Randburg residential market continues to be significantly influenced by:
- Lifestyle buyers drawn to the area’s excellent shopping centres and diverse eateries, a wide selection of educational institutions (including reputable schools), and quality medical facilities (including private hospitals).
- The presence of various corporate headquarters in Johannesburg North, offering more affordable property options in Randburg compared to adjacent areas like Sandton and Bryanston.
3. Randburg Residential Suburbs
3.1 Top 10 Suburbs (Ranked by Average Own Title Price Achieved)
Rank | Suburb | Average Price | Highest Price | Lowest Price |
1 | Moret | R 8 578 636 | R 71,300,000 | R 1,900,000 (highest price is not area related – average price of other properties much lower) |
2 | Craighall Park | R 3 985 000 | R 9,400,000 | R 1,680,000 |
3 | R 3 958 938 | R 5,700,000 | R 2,500,000 | |
4 | Cedar Lakes | R 3 326 521 | R 5,300,000 | R 768,000 |
5 | Kelland | R 3 240 909 | R 4,800,000 | R 1,550,000 |
6 | Maroeladal | R 3 043 724 | R 6,700,000 | R 1,250,000 |
7 | Fairland | R 2 867 383 | R 5,290,000 | R 700,000 |
8 | Jacanlee | R 2 800 000 | R 4,200,000 | R 1,600,000 |
9 | R 2 627 718 | R 4,550,000 | R 620,000 | |
10 | Boskruin | R 2 454 429 | R 5,900,000 | R 800,000 |
3.2 Top 10 Suburbs (Ranked by Average Sectional Title Price Achieved)
Rank | Suburb | Average Price | Highest Price | Lowest Price |
1 | Needwood | R 2,040,125 | R 3,151,000 | R 1,075,000 |
2 | Craighall Park | R 1,892,292 | R 7,000,000 | R 750,000 |
3 | R 1,619,813 | R 3,800,000 | R 1 | |
4 | Kelland | R 1,544,682 | R 2,500,000 | R 948,000 |
5 | Bordeaux | R 1,532,273 | R 2,100,000 | R 720,000 |
6 | Craighall | R 1,409,559 | R 2,970,000 | R 200,000 |
7 | Northcliff | R 1,418,018 | R 4,300,000 | R 560,000 |
8 | Fairland | R 1,233,047 | R 2,950,000 | R 100,000 |
9 | Maroeladal | R 1,179,019 | R 2,650,000 | R 278,000 |
10 | Boskruin | R 1,123,586 | R 1,800,000 | R 500,000 |
3.3 The top 20 Randburg suburbs (Ranked by Rand Value – Total Sales Volume)
Randburg maintains a strong residential property market, with 20 of its suburbs exceeding R90 million in residential sales during 2024.
The top 20 Randburg suburbs in terms of residential sales by Rand value for 2024 were:
- Randpark Ridge: 343 Properties sold for R588 414 679, of which own title sales were worth R459 759 809 (228 houses), sectional title sales were worth R128 054 870 (114 sectional title units), and vacant land sales were worth R600 000 (1 vacant land unit).
The highest house price sold was R4,5 million for 9 Bergsering Street, and the highest price for a sectional title unit was R2,9 million in Unit 11 Hadeda Gardens, 61 Dale Lace Avenue.
- Craighall Park: 130 Properties sold for R386 209 400, of which own title sales were worth R266 995 000 (67 houses) and sectional title sales were worth R119 214 400 (63 sectional title units).
The highest house price sold was R9,4 million for 95A Buckingham Avenue, and the highest price for a sectional title unit was R7,0 million for Unit 4 7 On Westminster.
- Blairgowrie: 195 Properties sold for R370 610 999, of which own title sales were worth R370 610 999 (192 houses). No sectional title property sold during 2024.
The highest house price achieved was R4,53 million for 120 Standard Drive.
- Ferndale: 343 Properties sold for R370 314 610, of which own title sales were worth R128 079 961 (63 houses), sectional title sales were worth R236 459 649 (277 sectional title units), and vacant land sales were worth R5 775 000 (3 vacant land units).
The highest house price sold was R4,0 million for 468 Bath Avenue, and the highest price for a sectional title unit was R2,299 million for Unit 15, 300 On York.
- North Riding: 219 Properties sold for R347 936 495, of which own title sales were worth R218 237 496 (116 houses) and sectional title sales were worth R129 698 999 (103 sectional title units).
The highest house price achieved was R18,325 million for 166 Bellairs Drive, and the highest price for a sectional title unit was R3,0 million for Unit 73 Baliza, 1A Matumi Street.
- North Riding AH: 197 Properties sold for R347 414 000, of which own title sales were worth R51 972 000 (17 houses), sectional title sales were worth R290 702 000 (176 sectional title units), and vacant land sales were worth R4 740 000 (4 vacant land units).
The highest house price achieved was R5,0 million for 55 Fleetwood Avenue, and the highest price for a sectional title unit was R4,55 million for Unit 368 Celebration Retirement Estate 2.
- Maroeladal: 172 Properties sold for R338 914 724, of which own title sales were worth R222 191 824 (73 houses) and sectional title sales were worth R116 722 900 (99 sectional title units).
The highest house price sold was R6,7 million for 22 Lavender Lane, and the highest price for a sectional title unit was R2,65 million for Unit 14 Timon Place, 42 Perm Road.
- Fairland: 192 Properties sold for R341 293 372, of which own title sales were worth R183 512 523 (64 houses), sectional title sales were worth R154 130 849 (125 sectional title units), and vacant land sales were worth R3 650 000 (3 vacant land units).
The highest house price sold was R5,29 million for 133 Smit Street, and the highest sold price for a sectional title was R2,95 million for Unit 2 Amani Gardes, 104 Cornelis Street.
- Linden: 150 Properties sold for R331 285 838, of which own title sales were worth R233 866 879 (89 houses), sectional title sales were worth R95 568 959 (59 sectional title units), and vacant land sales were worth R1 850 000 (2 vacant land units).
The highest house price achieved was R4,55 million for 13A Eight Street, and the highest price for a sectional title unit was R3,8 million for Unit 3 Lindenwald, 49 Sixth Street.
- Noordhang: 188 Properties sold for R230 330 499, of which own title sales were worth R80 033 000 (43 houses), sectional title sales were worth R148 697 499 (144 sectional title units), and vacant land sales were worth R1 600 000 (1 vacant land unit).
The highest house price achieved was R3,0 million for 35 Riverbend Lane, and the highest price for a sectional title was R2,78 million for Unit 32 Bellcanto.
- Sundowner: 149 Properties sold for R226 846 493, of which own title sales were worth R111 364 000 (54 houses), sectional title sales were worth R113 016 993 (93 sectional title units), and vacant land sales were worth R2 465 500 (2 vacant land units).
The highest house price achieved was R4,125 million for 4 Moepel Street, and the highest price for a sectional title was R2,245 million for Unit 17, Hikanos, 93 CR Swart Drive.
- Olivedale: 142 Properties sold for R214 959 300, of which own title sales were worth R98 611 500 (42 houses), sectional title sales were worth R111 347 800 (99 sectional title units), and vacant land sales were worth R5 000 000 (1 vacant land unit).
The highest house price achieved was R4,25 million for 52 Snake Eagle Street, and the highest price for a sectional title unit was R2,75 million for Unit 95 Olivedale Retirement Village.
- Jukskei Park: 113 Properties sold for R193 030 000, of which own title sales were worth R163 935 000 (79 houses) and sectional title sales were worth R29 095 000 (34 sectional title units).
The highest house price achieved was R3,5 million for 18 Oniks Avenue, and the highest price for a sectional title unit was R1,52 million for Unit 287 Riverglades Estate.
- Boskruin: 95 Properties sold for R190 511 995, of which own title sales were worth R154 629 000 (63 houses), sectional title sales were worth R32 584 000 (29 sectional title units), and vacant land sales were worth R3 298 995 (3 vacant land units).
The highest house price achieved was R5,9 million for 10 Ixia Creek, and the highest price for a sectional title was R1,8 million for Unit 3 Sunset Lodge, 838 Bush Hill Close.
- Craighall: 63 Properties sold for R178 420 000, of which own title sales were worth R130 495 000 (29 houses) and sectional title sales were worth R47 925 000 (34 sectional title units).
The highest house price sold was R8,0 million for Erf 64-2 Craighall, and the highest price for a sectional title unit was R2,97 million for Unit 3 Cherwood, 2 Douglas Avenue.
- Cedar Lakes: 50 Properties sold for R163 873 000, of which own title sales were worth R159 673 000 (48 houses) and sectional title sales were worth R4 200 000 (2 sectional title units).
The highest house price achieved was R5,3 million for 19 Mimosa Avenue, and the highest price for a sectional title unit was R2,1 million for Unit 38 Waterberry.
- Northwold: 131 Properties sold for R161 448 499, of which own title sales were worth R83 331 500 (45 houses) and sectional title sales were worth R78 116 999 (86 sectional title units).
The highest house price achieved was R3,6 million for 19 Dirk Road, and the highest price for a sectional title unit was R1,9 million for Unit 15, Rosemary Lane, 189 Puttick Avenue.
- Bromhof: 111 Properties sold for R146 330 499, of which own title sales were worth R88 980 000 (57 houses) and sectional title sales were worth R57 350 499 (54 sectional title units).
The highest house price achieved was R2,8 million for 47 San Marco, and the highest price for a sectional title unit was R1,95 million for Unit 13 Karli Gardens.
- Northcliff: 70 Properties sold for R128 139 320, of which own title sales were worth R43 548 320 (11 houses), sectional title sales were worth R77 991 000 (55 sectional title units), and vacant land sales were worth R6 600 000 (4 vacant land units).
The highest house price sold was R5,7 million for 108 Miller Street, and the highest price for a sectional title unit was R4,3 million for Unit 1 The Cliffs, 31 Rockey Drive.
- Northgate: 116 Properties sold for R91 141 836, of which own title sales were worth R1 930 000 (1 house) and sectional title sales were worth R89 211 836 (115 sectional title units).
The highest house price sold was R1,93 million for 5 Montrose Manor, and the highest price for a sectional title unit was R1,69 million for Unit 14 Gemstone, 54 Montrose Avenue.
Present & Future Developments to Influence Randburg Residential Property Market:
3.1 Investment Potential
Randburg's residential property market remains vibrant, offering excellent value for money (especially when compared to the adjacent Sandton area), a diverse array of housing options, and strong investment potential driven by healthy rental demand and a desirable suburban lifestyle with convenient access to amenities.
The area caters to all life stages and lifestyles – from first-time homebuyers to growing families seeking to upgrade, and older individuals looking to downsize to more manageable properties.
The robust rental demand in Randburg is fuelled by its proximity to universities, schools, and major business hubs like Sandton and Rosebank. This makes it particularly attractive for families, professionals, younger workers, and students who seek both convenient and more affordable housing options within established, desirable neighbourhoods.
Ongoing infrastructure upgrades, including road expansions, improvements to public transportation networks, and various urban renewal initiatives, are set to further enhance Randburg’s appeal as a long-term, desirable residential and investment destination within Johannesburg.
3.2 Developments
A diverse range of residential estates are currently under construction within Randburg's urban development nodes. These new developments are adding a variety of property types and price ranges to the Randburg residential market, further diversifying housing choices for prospective buyers and investors.
Should you be in need of any property related enquiry or service, or should you need more information about your suburb, please contact one of our member agents, Elke Nelson (elke@cch.co.za / 082 385 1340) and Flavia Fernandez (flavia.f@cch.co.za / 072 174 7096).