High Growth in The Rental Property Market
/in Insights, Uncategorised/by adminWe all know how quickly a good rental can get snapped up – be it a long-term rental close to a growing urban location or an Airbnb superhost apartment. Rentals are on the rise as Covid has taught us, as we now desire to seek out a work-life balance and live where we can also play. The search is on and may the best rental, in the best location win.
For those who have no desire to quit climbing the corporate ladder but have lost the nerve for traffic, renting allows them to be close to work, restaurants and nightlife. It’s also aspirational, allowing those who may not afford to buy in the desired area, to still live there.
Property investors can capitalise on the demand for rentals and right now. As an investor, putting money into the property sector makes financial sense. Property is an asset that almost always appreciates in value and gives rental returns on a month-to-month basis.
If you are considering buying to rent, you will be entering into a sound venture. You will receive a passive income. The rent you collect will pay the bond, while your investment will grow in value. So, if you’re looking to invest, buy to rent. According to estate agent stats: rental prices, particularly in KwaZulu-Natal, have increased and there are many socio-economic factors driving the trend.
The intense desire for safety and security
Safety and security are basic human desires and in the current socio-economic climate in South Africa, many people are looking for ways in which to mitigate risk. Gated estates with layers of security that include access control, 24-hour camera surveillance, and tight parameter controls all create a sense of security within. Peace of mind is priceless and further, the lock-up-and-go lifestyle affords occupants the opportunity to leave for work or go on holiday, without having to worry about their homes.
Modern living conveniences
Modern sectional title developments are ideal for families and young professionals looking for a low-maintenance lifestyle, free of the garden and exterior upkeep. Many people are happy to rent rather than own, if it allows them to be carefree in this regard.
In modern apartment developments, there are also the added advantages of kid’s play areas, swimming pools and clubhouse facilities. Many of us may want to live in style but don’t necessarily have the time to renovate or maintain the lifestyle. Renting an already well-designed space is much easier than working towards it on your own. It’s often cheaper to rent than take on a renovation.
If you’re buying to rent you can also leverage energy – and water-saving improvements to reduce costs for tenants, making their properties more affordable without necessarily having to sacrifice rental income.
Businesses and retail boom
While 2022 marked the return to office spaces, many of these employees are unwilling to enter the rat race again and relinquish the work-life balance they were able to achieve. As a result, many are opting to move, to live closer to work or are changing their line of work to be home more often.
Investing in property for rental is ideal in areas experiencing a business or retail boom. These are investments you need to quickly capitalise on. For example, within the greater Amanzimtoti area, rental opportunities comprise 33% of the existing property market and of these rental opportunities, 60% of the demand is for apartment offerings.
Make some money
There can be many hidden and unknown costs that come with purchasing a property, including high transfer duty. Buying into an off-plan development like Mason makes good financial sense because you’re buying directly from the developer. Buying from the developer means you’ll pay no transfer duty and no attorney’s fees and can therefore effectively save that money for other things.
Buying off-plan is an option that is becoming more popular with potential homeowners. Purchasing directly from a developer allows you to be a part of the bigger picture. Watch your home being built from the ground up and envision your future in a prime location.
An additional benefit of purchasing off-plan is the advantage of securing a bond and only contributing towards it once the transfer is taken. This allows you some time to consider your financial planning.
As an investor, buying off-plan means your interiors and estate facilities are modern and, with just a few simple furniture staples, your apartment is ready to rent.
Holiday home potential
It helps when you invest in a property that can be considered a home and a holiday apartment.
At a modern development like Mason, in the popular tourist destination of Amanzimtoti, young couples, families and retirees may all find the warm weather and 360-degree lifestyle an ideal spot to make a home. It’s a chance for individuals to live at leisure, enjoying the holiday vibe of sun, sea and sand all year round. Properties in small towns, and particularly, on the coast are in high demand for these reasons.
Mason has officially launched, and construction is underway. Register your interest and secure your site visit with our dedicated development consultants to learn more about the opportunities at Mason and experience the modern conveniences close by.











