Average property prices for Parkhurst have remained fairly stable at R3 million over the last 5 years. There are many factors that this can be attributed to, however one must not forget the incredible growth that has been achieived in the suburb over a 10 year period with an average house price of R1,750,000 in 2008. Parkhurst remains an attractive suburb to young professionls as well as older couples who are downscaling. There aren’t many suburbs in Johannesburg that can offer the same lifestyle as Parkhurst. So despite economic challenges we do still see healthy demand levels in the suburb. Table B (Recent Sales) in the shows us that there are still affordable homes (in the R2 millions) on offer providing opportunities to buy and flip renovated homes at higher prices (in the late R4millions and higher).
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