Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 5.15
Mortgage as Percentage of Income: 67.11%
Loan Affordability Index: 1.49
Price to Rent Ratio - City Centre: 13.15
Price to Rent Ratio - Outside of Centre: 18.53
Gross Rental Yield (City Centre): 7.60%
Gross Rental Yield (Outside of Centre): 5.40%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,286.67 R 5,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 6,010.53 R 4,000.00-8,500.00
Apartment (3 bedrooms) in City Centre 12,264.71 R 10,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 9,972.22 R 7,500.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,739.18 R 929.02-2,601.26
Price per Square Feet to Buy Apartment Outside of Centre 2,177.58 R 1,114.83-2,787.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 20,455.53 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.77 9.00-15.00

These data are based on 161 entries in the past 18 months from 29 different contributors.
Last update: November 2024

Sources and References
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