URBAN SPRAWL: An aerial view of Johannesburg. Picture: THINKSTOCK
URBAN SPRAWL: An aerial view of Johannesburg. Picture: THINKSTOCK

JOHANNESBURG — especially Sandhurst, Bryanston and Hyde Park — ranks supreme as a primary home destination among South Africa’s 600-odd multimillionaires, says a report by international research consultancy New World Wealth.

The report, which tracks the location of ultra-high-net-worth South Africans with net assets of at least $30m (R324m), revealed that Johannesburg is home to 48% of the country’s wealthiest individuals. That is nearly three times Cape Town’s 18%. Only 6% and 5% of South Africa’s super rich own a primary abode in, respectively, Durban and Pretoria.

Swanky Sandhurst accounts for the largest proportion of Johannesburg’s well-heeled residents, followed by Bryanston, Hyde Park, Westcliff, Parktown, Atholl and golf estate Dainfern.

Camps Bay, on the swish Atlantic Seaboard, is the most sought-after suburb to live in among Cape Town’s super rich, with Clifton and southern suburbs counterpart Bishopscourt in second and third spots. Constantia-Tokai, Bantry Bay, Fresnaye and Llandudno are also favoured by Cape Town’s affluent set.

The fact that Johannesburg has a larger concentration of multimillionaires than Cape Town is probably because the survey counts only permanent residents and not holiday-home owners, says New World Wealth senior analyst Andrew Amoils.

However, Cape Town has a higher number of trophy homes — with values exceeding R20m — than Johannesburg.

In fact, Camps Bay boasts the highest number of big-ticket mansions in South Africa, with 155 residential properties valued at more than R20m apiece. Interestingly, popular second-home hot spot Knysna, on the Garden Route, ranks as South Africa’s second-richest suburb in terms of the number of palatial homes, with 133 properties worth more than R20m.

That is followed by Sandhurst at 127, Hyde Park at 112, Clifton at 98, Bryanston at 88 and Bishopscourt at 86.

Mr Amoils says Knysna, nearby Plettenberg Bay and the Western Cape’s Hermanus, Stellenbosch and Franschhoek rank as the most popular retirement destinations among South Africa’s super rich. "A large number of wealthy South Africans who live in Cape Town and Johannesburg also have second homes in these areas, making them a hub for luxury consumers, particularly in the summer months between November and February.’’

The top-ranking suburbs among Durban’s ultra rich are Umhlanga, La Lucia, golf estate Mount Edgecombe, Umdloti, Morningside and Durban North.

Pretoria’s wealthy favour the old-money enclave of Waterkloof Ridge and the golf and lifestyle estates Silver Lakes, Woodhill and Cornwall Hill.

Figures from data analytics group Lightstone confirm that the Atlantic Seaboard is home to some of the country’s most expensive streets.

Nettleton and Clifton roads in Clifton, Ocean View Drive and St Leon Avenue in Bantry Bay, Theresa Avenue in Bakoven and Fishermans Bend in Llandudno achieved the highest sales prices in the Western Cape last year.