Mon May 06 2024 12:00:11 GMT+0000 (Coordinated Universal Time)

4,650 Properties for sale in Rustenburg listings are price checked

Listings from junkmail.co.za, leapfrog.co.za and 22 more

Living in Rustenburg: A Quick Guide to the Real Estate Market & Neighborhoods
Market status in Rustenburg
Our catalog on Ananzi.co.za offers a comprehensive overview of the real estate sales market status in Rustenburg (North West, South Africa), showcasing the latest trends and offerings. The city features various dwelling types, with House leading with an average price of R 2.2 million ZAR, an average size of 305 m², and representing 65.3% of listings. Townhouse follow with an average price of R 1.2 million ZAR, an average size of 142 m², and 14.4% of listings. Apartment make up 13.7% of listings, with an average price of R 2.2 million ZAR and an average size of 305 m².
Nearby cities for commuters
Exploring alternatives to Rustenburg unveils Krugersdorp, Pretoria, and Johannesburg, each promising a unique mix of proximity and more affordable living compared to Rustenburg. Krugersdorp, a short hop from Rustenburg, is notable for its lower average real estate price of R 2.5 million ZAR. The commute in Krugersdorp is diverse, featuring a 82 km, 60-minute trip by car, and a 100 km, 95-minute journey by public transport. Pretoria, nestled 112 km away by car from Rustenburg, showcases homes at an inviting average price of R 2.5 million ZAR. Connectivity flourishes in Pretoria with a 150 km, 180-minute ride via public transport, and a 115 km, 390-minute trip by bike. Lastly, Johannesburg, offering a captivating average property price of R 2.8 million ZAR, lies just 117 km from Rustenburg by car. The commuting scene in Johannesburg is versatile, with a 120 km, 400-minute commute via bike, and a 140 km, 160-minute route by public transport. Each Rustenburg alternative enriches the quest for those looking to stay close to Rustenburg while finding a home that suits their budget and lifestyle needs, complete with varied commuting options to ensure easy access to and from Rustenburg.
FAQ
What are the property taxes in Rustenburg and are there any other ongoing costs I should consider?
In Rustenburg, property taxes depend on the valuation of the property, with rates averaging around 0.0075. Additional costs include utility charges for water, electricity, and sewerage, as well as refuse removal fees. It's crucial to budget for these ongoing expenses when purchasing property in this area. For precise rates, check the Rustenburg Local Municipality's official website.
What types of upfront costs and fees will I have to pay when purchasing a property in Rustenburg?
When purchasing a property in Rustenburg, expect to pay transfer duty (unless the property is under R1,000,000.00), conveyancing fees, and bond registration costs if you're getting a mortgage. Also budget for home insurance and, potentially, a deposit. Costs vary based on property value and deal specifics. Always consult with a property professional for detailed advice specific to your situation.
How does the Rustenburg property market compare to ther regions in the South Africa?
In Rustenburg, the average price for a three-bedroom house is approximately RR 1 300 000 ZAR, noticeably lower than in Cape Town and Johannesburg where similar properties average around RR 3 000 000 ZAR and RR 1 800 000 ZAR, respectively. This makes Rustenburg an attractive option for homebuyers seeking affordability without veering far from urban centers. For reference, visit property24.com.
How competitive is the Rustenburg property market?
The property market in Rustenburg, located in North West, South Africa, is reasonably competitive, reflected by its diverse range of options catered towards various income groups. For example, median house prices in Rustenburg have been reported at approximately RR 980 000 ZAR, indicating a stable demand. Affordable apartments and luxury homes coexist, illustrating a spectrum from RR 400 000 ZAR to over R 3 million ZAR. This variety showcases both entry-level and upscale market dynamics within the city. Example listings can be seen on platforms such as property24.com, demonstrating the market's vibrancy.
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