A constant growth in population has lead to massive development in Brackenfell over the last decade, with the ongoing influx of people from Cape Town and Gauteng holding more development and investment potential.
According to local developer Xander Rau, director of VDMV property holdings the number of households in Brackenfell has grown from 13 000 in 2011 to about 16 200 in 2020, with market trends showing a migration from single residential to sectional title properties in secure estates.
Rau addressed an audience at a land conference held in Protea Heights last week about the current state of property investment in Brackenfell.
“Sectional title property (townhouses) currently range in price between R1,5 million and R2,2 million, but the three-story walk-up market is now reaching saturation, with developers now mostly leasing such property at a downward rate to keep a tenant base,” he said.
He says the limited amount of zoned land available in Brackenfell is reflected in current property prices.
The retail sector saw growth with convenience and neighbourhood shopping centres. In turn massive industrial development took place with the establishment of Brackengate 1 and 2.
According to Rau, planned development in the pipeline for the next 10 years for the greater Brackenfell area is projected at R22 billion in mixed-use residential and commercial markets.
This development will be concentrated along the Bottelary and Botfontein corridors as well as the Crammix land totalling some 1,1 million m² of development.
However, Rau expressed his concern about infrastructure keeping up with development on the outskirts of the City.
“Bulk infrastructure, the roads and sewage network can have a big impact on the current development footprint,” he said.
