Best Areas to Buy Property in Cape Town, South Africa, 2024

Article by Akashni Pillay Weimers

Cape Town is a stunning city with diverse neighbourhoods, each offering unique characteristics and benefits. 

If you've read our recent article on why property is still the perfect choice for investors in South Africa is 2024, then an exploration into Cape Town takes us to the heart of where some of the highest income yielding properties lie! 

Let’s take a closer look at the hottest areas for property investors to buy property in:

If you’re looking for pure yield within the luxury market, the following areas are still highly sought after for any investor:

1. Atlantic Seaboard (Camps Bay, Clifton, Bantry Bay)
2. Bishopscourt
3. Constantia
4. Rondebosch

What makes these area so lucrative is their proximity to the CBD, the most iconic national and historical sites in Cape Town and an Air-bnb-er’s paradise.

Let’s look at some of Cape Town’s more trendier areas:

1. City Bowl (Gardens, Oranjezicht, Tamboerskloof)
2. De Waterkant
3. Woodstock
4. Observatory

These chic areas are a hipster’s dream. Attracting a very artsy crowd, the location is poised for Airbnb, trendy coffee shops, graffiti walking tours and busting student and young professional markets.

For the family-friendly markets, try:

1. Southern Suburbs (Rondebosch, Claremont, Kenilworth)
2. Northern Suburbs (Durbanville, Bellville, Brackenfell)
3. Hout Bay
4. Tokai

These areas have a great pool of amenities coupled with a trendy and out-doorsy lifestyle that will keep your family engaged to the max. 

Renowned as more “affordable” than the highest rated in luxury market living, these areas still provide ample quality living spaces, estates, neat residential suburbs, which are also nearby schools, working places and other great necessities. 

Try the southern suburbs to be closer to the Cape Town coast, Table Mountain and Lion’s Head; or the Northern suburbs for new developments, farm-style / country living or to surround yourself by the breathtaking winelands of Stellenbosch & Paarl.

Despite the heftier price-point of Cape Town properties on average, there are some emerging and affordable areas to invest in that in future, is poised to be of great value & yielding great returns on investment. Try:

1. Atlantis
2. Mitchells Plain
3. Khayelitsha
4. Retreat

Historically seen as “unsafe” areas, these growing suburbs are getting a facelift, providing homes to middle class families with a bustling “township” economy that thrives as it grows everyday.

Finally, the sea-side areas, attract a lot of holiday-makers every year and offer a lucrative opportunities for investors to rent out their apartments to tourists wishing to surf, enjoy cultural and historical sites and engage with other iconic areas like Boulder’s Beach, Cape Point and other noteworthy areas.

1. Muizenberg
2. Kalk Bay
3. Simon's Town
4. Noordhoek

If you’re looking for investment properties, contact us directly! As a leader in business and property investments, we can assist you with finding your next property investment, right here in Cape Town, South Africa.

Contact The Denis Dunn Investor Club, sign up for membership and let the team help you to grow your monthly income and long term wealth. 

We can also assist you with: 

1. Coaching (how to build up a portfolio) 
2. Property sourcing (discounted for members) 
3. Bond origination 
4. Management  
5. Funding (multiple sources)