Devmco Realty podcast: Sibaya's rental space
Category Area Specific News
Devmco Realty continues to be at the forefront of the property market, especially within the Sibaya Coastal Precinct. In the latest episode of our podcast, we delve into the rental space in this vibrant area with insights from our development specialists Pam Naidu, Yugeshnie Naidoo, and Natalie Naidoo. Understanding the rental market is crucial for both investors and tenants, and our experts provide valuable information to guide your decisions.
Key insights for investors and tenants
The Sibaya Coastal Precinct offers a unique rental market that appeals to a wide range of individuals. When consulting with clients, we always consider each family's lifestyle to find the best rental space for them. Proximity to schools, work, and shops is a significant factor, and Sibaya Coastal Precinct ticks many of these boxes. The shift towards a "live, work, play" mindset and multi-generational living is evident in this area, making it an attractive option for many.
Why Sibaya Coastal Precinct is an ideal rental location
Sibaya Coastal Precinct is renowned for its comprehensive amenities. Residents can enjoy walking paths, natural landscapes, lifestyle facilities, pools, sports amenities, and top-notch security within gated estates. Additionally, the convenience of having Marine Walk Shopping Centre just five minutes away, along with easy access to Dischem, restaurants, and Gateway Theatre of Shopping, adds immense value to living in this precinct. The coastal charm of Umdloti Beach and the natural beauty of the Hawaan Forest further enhances the absolute peace of mind that comes with living here.
What home buyers are looking for
Today's home buyer is selective, often moving from a freestanding home with the goal of moving to a smaller and more secure space. A great idea is that some of our home buyers opt to rent first, to get a feel of the area before deciding on their dream home. Needs are diverse and it could be a ground floor apartment, high-rise with coastal views or it could be a freestanding home within a secure gated estate that they have their hearts set on. As development specialists, Devmco Realty has the tools and experience to find the perfect home that meets all needs.
Looking more in-depth at our buyer profiles, there is a notable shift of families moving to gated estates within the Sibaya Coastal Precinct, reflecting the desire for a secure and community-focused lifestyle. As of February 2024, buyers aged 36 - 49 years account for the largest group buying homes within Sibaya Coastal Precinct, at an average of 36%. This age group accounts for young and mature families.
Another significant group is retirees looking for security, community and spacious outdoor living where pets are welcome. This is the second largest group of recent buyers at an average of 28% in Sibaya. One estate which ticks all the boxes is for this group is Capri Village in Salta Sibaya. It offers an exclusive clubhouse with bowls greens, a library, a heated indoor pool, and a massive park perfect for pets. The welcoming community and numerous clubs make it a vibrant, sought-after place for those over 50 to thrive.
Diverse property options
The rental market in Sibaya Coastal Precinct offers a variety of property types to cater to different needs. Whether it's apartments, freestanding homes, or luxury homes, there is something for everyone. Rental for a two-bedroom apartment starts from R15,000 within estates such as Pebble Beach and Ocean Dune, while luxury homes at Gold Coast Estate starts from R35,000 per month. These estates provide excellent facilities and are ideal for families or investors seeking a coastal luxury home in Durban.
Devmco Realty's experience and services
With five years of experience in the rental market, Devmco Realty is committed to providing a turnkey environment for our clients. We ensure that rentals are competitively priced, maintain high standards, and offer hassle-free solutions for property owners. Our goal is to create a seamless experience for both buyers and tenants, focusing on people and property, we build strong relationships while offering expert services.
Commitment to client care
At Devmco Realty, we pride ourselves on treating our clients like family. Our dedication to client care ensures that both the rental management experience and the investment in the precinct is exceptional. The Sibaya Coastal Precinct presents a unique and attractive rental market for investors and tenants. With its comprehensive amenities, varied home types, and community-centric approach, Sibaya Coastal Precinct is an ideal location to consider. Listen to our latest podcast for more in-depth insights and reach out to Devmco Realty to take advantage of the opportunities available in this vibrant precinct.
Author: Devmco Realty
