Area Overview:

Brooklyn is one of eastern Pretoria’s prime areas. It is a city within a city catering for all its resident’s needs. The two upmarket malls, Brooklyn Mall and Brooklyn square, are surrounded by the beauty of the treed suburb. Brooklyn is popular with shoppers, visitors, business people and students studying at the close by University of Pretoria, not to mention most of the top schools. It is a cosmopolitan area with many multi-ethnic restaurants making it popular as a night life destination as well.

Area Trends & Activity:

The bulk of primary residents are mature to middle aged homeowners, with more and more young families moving in to the area because of the close proximity of good schools. Rental properties are in high demand but stock is low making it ideal for investors as it will guarantee a return. There is a growing need for student accommodation in this area.

Average Property Value:

Full title properties within the residential suburbs are based on average around the R3-4 million margin (3 bedroomed) whilst sectional title properties average between R 2-3 million. Currently homes range in price from R 2,6 to around R 4,5 million, with the highest price ever achieved coming in at R 12 million. According to Lightstone, the median price of full title property has increased by around 6% in the past year, while sectional title units median price has increased by 11%.