Security, lifestyle and scenery are some of the main factors that continue to attract buyers to South Africa’s golf estates, aside from their love of golf of course.
Marianda de, Licensee of Fine & Country Mosselbay and Hartenbos, which operates in Pinnacle Point Golf Estate as well as in Mossel Bay and surrounding areas, says security remains the number one priority for South Africans buying within security estates, with all the other ‘lifestyle’ amenities complementing that secure feeling.
According to Karin Schwim, Licensee of Fine and Country Bethlehem/Clarens, buyers invest in golf estates in her office’s areas of operation for the leisure opportunities and lifestyle elements they have on offer as well as the good security measures in place.
“Effective homeowners association management is important to our buyers, and of course the spectacular countryside views and a more peaceful way of life appeals to many city dwellers looking for a place to get away from the hustle and bustle,” says Schwim.
“Activities that allow one to make the most of the natural scenery such as the cycling and walking trails, dams and natural valleys are important to buyers at the Clarens Golf and Leisure Estate, which is best defined by its natural or wildlife- based environment.”
Elizabeth McKenzie, Licensee of Fine & Country George, which operates in Kingswood Golf Estate, Fancourt Golf Estate and Oubaai Golf Estate as well as George and surrounds, says the Garden Route is perhaps one of the country’s most well-known golfing destinations. And this, coupled with the natural beauty of George along with the picturesque Outeniqua Mountain range as the backdrop creating the perfect setting for the golf estates, has added to the experience of many avid golfers and popularised the area.
“The vast green fairways add to the ambience of the secure lifestyle the estates offer, and, with the semigration from Gauteng in recent years, buyers are looking for the ultimate lifestyle which the area offers,” she says.
“Aside from the allure of the fairways for avid golfers, South Africa’s golf estates also hold investment appeal.”
Schwim says that within the Clarens Golf and Leisure Estate, it is the rental income from holiday and weekend guests that makes purchasing in one of the areas golfing estates appealing.
Pinnacle Point Golf Estate offers an investor a complete ‘hole-in-one’ type of living, says De, who points out that factors like the vast stretch of coastline the estate is positioned along, the two private beaches it enjoys access to, the wellness centre and other sports facilities on the property, including putt-putt, hiking trails, the Heritage Caves and easy access to the George all add to the appeal.
Added to this, she says Pinnacle Point is considered as a stepping stone to all major golf courses along the Garden Route.
“Buyers looking to invest in Pinnacle Point can expect to pay around R 4.5 million for a new, entry-level home which will purchase a three bedroom property set high up on the estate. Those who can pay in the region of R13 million and more will be able to purchase a four or five bedroom home on the water’s edge fitted with extras like a cinema room, swimming pool, and jacuzzi,” says De.
“Within the Clarens Golf and Leisure Estate, buyers can expect to pay from R1.75 million for a two bedroom home, from R1.995 million for a three bedroom home, from R2.65 million for a four bedroom home and from R3.5 million upwards for a five or six bedroom home,” says Schwim.
Pinnacle Point’s buyers, according to Deare 80% South African investors and 20% international investors.
“South African investors have built holiday homes with the view to retirement that they rent out to earn additional income. Buyers are typically families, aged between 35 and 50 years of age,” she says.
According to McKenzie, buyers within the Clarens Golf and Leisure Estate are predominantly made up of companies buying for directors and staff incentives, as well as families buying for leisure, investment and rental income, while in George there is a mix of buyers in the golfing estates.
“The international market is firmly attracted to the investment opportunity,” says McKenzie.
Talking about trends within The Clarens Golf and Leisure Estate, Schwim is finding that more and more young, up and coming professionals are interested in purchasing within the area’s golf estates.
“A few years ago houses in excess of 600sqm were being built, but that has changed recently, with the average home now measuring between 400sqm and 500sqm. Many new homes are now being built as single storey, and it seems as if today’s buyers are finding existing homes more appealing rather than building from scratch,” says De.
Residential estates are attractive investments, and George has numerous lifestyle estates in comparison to other areas along the Garden Route. McKenzie says that this rapidly developing town has seen a continued demand for homes within estates over the past couple of years.
“Families relocating to the Garden Route from inland are accustomed to estate living, which has impacted on the demand,” she says.
notes that while South Africa’s golfing estates have been around for a number of years, they continue to meet the needs of buyers looking for a home that offers a secure lifestyle with easy access to a variety of amenities, as well as providing a sound investment option.