Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 2.65
Mortgage as Percentage of Income: 32.85%
Loan Affordability Index: 3.04
Price to Rent Ratio - City Centre: 9.98
Price to Rent Ratio - Outside of Centre: 9.32
Gross Rental Yield (City Centre): 10.02%
Gross Rental Yield (Outside of Centre): 10.73%
Rent Per Month
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Apartment (1 bedroom) in City Centre 7,542.31 R 5,500.00-10,500.00
Apartment (1 bedroom) Outside of Centre 6,344.00 R 5,000.00-9,000.00
Apartment (3 bedrooms) in City Centre 14,020.00 R 9,000.00-21,000.00
Apartment (3 bedrooms) Outside of Centre 11,788.42 R 9,000.00-15,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,548.44 R 891.86-2,498.51
Price per Square Feet to Buy Apartment Outside of Centre 1,215.51 R 696.77-1,858.05
Salaries And Financing
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Average Monthly Net Salary (After Tax) 28,034.10 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.00 9.50-13.00

These data are based on 290 entries in the past 18 months from 41 different contributors.
Last update: April 2024

Sources and References
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