Apartments for sale in randburg
Property For Sale / To Rent in Randburg
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Welcome to Randburg ; a town in a Gauteng Province that could have easily been known to us by Fairydale, Ego or Zuriel hadn't the current name won a competition that was run to name it. Although the area was inhabited by farmers in the 1850's and there was a major influx to the area between 1928-1934 due to a crippling drought in the Platteland farms, Randburg was only inaugurated as a municipality in 1959.
When gold was discovered in the area and development began, there was confusion amongst the residents as to whether Randburg should be a part of the Old Johannesburg or not but then a majority consensus was the latter.Randburg enjoyed this municipal independence until its administration, alongside its neighbouring towns such as Sandton and Roodepoort were handed over to the City of Johannesburg Metropolitan Municipality in the late 1990s.
Randburg property stats
Randburg has 133 active suburbs.
Between 2014-02-01 to 2015-01-31:
- There were 5,749 property sales
- The average registration period was 118
- Randburg had 3,029 full title sales
- Randburg had 2,720 sectional title sales
Compared to the previous year(2013-02-01 to 2014-01-31):
- There were 5,433 property sales
- The average registration period was 123 days
- Randburg had 2,894 full title sales
- Randburg had 2,539 sectional title sales
Full Title and Sectional Title sales in Randburg had a combined value of R 6,860,897,741 with a median price of R 835,000 compared to R 11,002,084,296 with the median price of R825,000 for the prior period.
Full Title sales in Randburg had a total value of R 4,844,628,040 with a median price of R 1,350,000 compared to R 9,180,985,603 with the median price of R1,300,000 for the prior period.
Sectional Title sales in Randburg had a total value of R 2,016,269,701 with the median price of R 652,000 compared to R 1,821,098,693 with the median price of R630,000 for the prior period.
For more information regarding property valuations and suburb trends for Randburg visit www.SAPTG.co.za