Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 4.74
Mortgage as Percentage of Income: 62.17%
Loan Affordability Index: 1.61
Price to Rent Ratio - City Centre: 12.68
Price to Rent Ratio - Outside of Centre: 16.10
Gross Rental Yield (City Centre): 7.89%
Gross Rental Yield (Outside of Centre): 6.21%
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 12,764.71 R 10,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 10,055.56 R 8,000.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,708.21 R 743.22-2,601.26
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) 20,488.07 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.89 9.00-15.00

These data are based on 155 entries in the past 18 months from 28 different contributors.
Last update: December 2024

Sources and References
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