Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 4.93
Mortgage as Percentage of Income: 65.45%
Loan Affordability Index: 1.53
Price to Rent Ratio - City Centre: 12.89
Price to Rent Ratio - Outside of Centre: 15.29
Gross Rental Yield (City Centre): 7.76%
Gross Rental Yield (Outside of Centre): 6.54%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,841.18 R 5,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 6,285.00 R 4,500.00-9,500.00
Apartment (3 bedrooms) in City Centre 12,764.71 R 10,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 10,684.21 R 8,000.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,816.60 R 1,237.74-2,601.26
Price per Square Feet to Buy Apartment Outside of Centre 1,898.88 R 1,114.83-2,787.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 20,277.75 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.07 10.50-15.00

These data are based on 162 entries in the past 18 months from 30 different contributors.
Last update: February 2025

Sources and References
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