Cape Town, with its vibrant lifestyle, world-class universities, and breathtaking scenery, has become a sought-after destination for students from across South Africa and beyond. This growing demand has led to an undersupply of high-quality student accommodation, leaving many students stranded without a suitable place to stay.
University rez rooms are allocated based on academic merit and / or financial need, and usually have long waiting lists, forcing students to compete for rental properties. This high demand drives up rental prices, meaning parents frequently end up paying a premium for small, poorly maintained spaces.
In search of better alternatives, many parents are opting to purchase, rather than rent, property in the Mother City. By buying a property, they can secure a high-quality, reliable home for their child, eliminating the stress of finding affordable accommodation year after year.
While renting remains a common solution, buying—especially in a premium development like Harbour Arch—offers numerous advantages.
1. Long-Term Financial Investment in a Prime Location
Cape Town’s property market has historically shown strong growth, especially in well-located developments like Harbour Arch. Buying a property here not only provides your child with a safe, modern home during their university years but also positions you to benefit from long-term capital appreciation.
2. Fixed Costs in a City with Rising Rents
Cape Town is known for its high demand for rental properties, particularly in areas close to universities. Purchasing a home allows you to avoid escalating rental prices, ensuring fixed housing costs while building equity. Harbour Arch’s central location makes it a prime investment, offering easy access to major campuses like UCT, CPUT, the UCT Graduate School of Business, Red & Yellow, Vega, and Varsity College.
3. Rental Income Potential in a Mixed-Use Development
Harbour Arch’s unique urban design incorporates residential, commercial, and leisure spaces, making it an attractive location for tenants. With a selection of 2- and 3-bedroom apartments, you can generate additional rental income from fellow students or young professionals, helping to cover bond payments and other expenses.
4. A Secure and Stylish Home Base
Unlike student digs that can be unpredictable in terms of safety and quality, Harbour Arch offers state-of-the-art security and premium living spaces. Your child will enjoy a secure, well-maintained environment that supports both their academic focus and social well-being.
5. Convenient Proximity to University and City Life
Located on Cape Town’s Foreshore, Harbour Arch is well-served by the MyCiTi and Jammie Shuttle bus routes, providing easy access to university campuses across the city. This eliminates long commutes and allows your child to immerse themselves in Cape Town’s dynamic student life while living in a premium location.
6. Flexibility After Graduation
Once your child completes their studies, you’ll have various options. The property could be sold at a profit, retained as a high-demand rental in the city centre, or kept as a second home for business or leisure visits to Cape Town.
7. Avoiding Housing Shortages in a Competitive Market
Cape Town’s student accommodation market is highly competitive. Owning a property at Harbour Arch guarantees your child a top-tier home, eliminating the stress of securing rental housing each year.
8. A Legacy Investment in a Prestigious Development
Harbour Arch is Cape Town’s newest landmark development, blending luxury with sustainability. Purchasing a unit here is not just about accommodating your child during their university year – it’s about investing in an asset with long-term value for your family.
Conclusion
Buying a home for your university student in Cape Town—especially in a prestigious development like Harbour Arch—is more than just a housing solution. It’s a smart financial investment that provides your child with a secure, inspiring environment in which to learn and grow.
Ready to explore this opportunity? Contact the Harbour Arch Property Sales team today on 087 809 0000 or sales@harbourarch.co.za to book a viewing or an online consultation.
