Property Prices in South Africa
| Index |  |
|---|---|
| Price to Income Ratio: | 3.27 |
| Mortgage as Percentage of Income: | 42.08% |
| Loan Affordability Index: | 2.38 |
| Price to Rent Ratio - City Centre: | 9.99 |
| Price to Rent Ratio - Outside of Centre: | 9.57 |
| Gross Rental Yield (City Centre): | 10.01% |
| Gross Rental Yield (Outside of Centre): | 10.45% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 8,250.28 R | |
| Apartment (1 bedroom) Outside of Centre | 6,562.05 R | |
| Apartment (3 bedrooms) in City Centre | 16,161.70 R | |
| Apartment (3 bedrooms) Outside of Centre | 12,574.59 R | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,736.15 R | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,309.33 R | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 25,056.52 R | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 11.58 |
These data are based on 1691 entries in the past 18 months from 287 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in South Africa
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Cape Town | 5.1 | 9.6 | 9.4 | 10.4 | 10.6 | 65.8 | 1.5 | |
| Durban | 5.2 | 7.6 | 5.4 | 13.2 | 18.5 | 67.1 | 1.5 | |
| Johannesburg | 2.9 | 8.8 | 10.7 | 11.3 | 9.3 | 37.8 | 2.6 | |
| Port Elizabeth | 3.3 | 14.7 | 14.1 | 6.8 | 7.1 | 44.0 | 2.3 | |
| Pretoria | 2.0 | 13.9 | 12.3 | 7.2 | 8.2 | 25.8 | 3.9 |
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