At one or another stage of life we are all bound to find ourselves faced with the dilemma of whether to rent or buy a home.

The flight of many businesses from the Johannesburg central business district, including the Johannesburg Stock Exchange, in the 1990s saw Sandton become the new financial district of South Africa.

One Johannesburg resirgbudential suburb that is not widely known about but which is very popular among residents is Morningside Ext 40 in the Riverclub area, Sandton.

While the market in residential property developments has slowed and many of the smaller borderline developers have all but disappeared in these lean times, there have been “bright spots in the market and indications are that the development market is in the process of a gradual recovery”, says Pam Golding Properties (PGP), Hyde Park region development manager, Peet Strauss.