Property Prices in Mossel Bay, South Africa

Index Info
Price to Income Ratio: 2.04
Mortgage as Percentage of Income: 27.77%
Loan Affordability Index: 3.60
Price to Rent Ratio - City Centre: 5.19
Price to Rent Ratio - Outside of Centre: 7.55
Gross Rental Yield (City Centre): 19.27%
Gross Rental Yield (Outside of Centre): 13.25%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 8,333.33 R 8,000.00-8,500.00
Apartment (1 bedroom) Outside of Centre 6,000.00 R 6,000.00-6,000.00
Apartment (3 bedrooms) in City Centre 17,000.00 R 16,000.00-18,000.00
Apartment (3 bedrooms) Outside of Centre 11,333.33 R 11,000.00-12,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 929.02 R 557.41-1,300.63
Price per Square Feet to Buy Apartment Outside of Centre 938.31 R 483.09-1,393.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 24,666.67 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.50

These data are based on 20 entries in the past 18 months from 4 different contributors.
Last update: November 2024

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1 Comments so far
Bianca imbrailo on Jun 07, 2023:
I am strongly considering moving to Mossel bay, however the prices and availability of rental property's are really High. Seems like every property is a holiday rental and is charged per day. Which makes sense since Mossel bay is a great holiday destination.