Property Prices in Alberton, South Africa

Index Info
Price to Income Ratio: 3.88
Mortgage as Percentage of Income: 52.29%
Loan Affordability Index: 1.91
Price to Rent Ratio - City Centre: 12.28
Price to Rent Ratio - Outside of Centre: 11.72
Gross Rental Yield (City Centre): 8.14%
Gross Rental Yield (Outside of Centre): 8.53%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 5,666.67 R 3,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 5,266.67 R 2,800.00-8,000.00
Apartment (3 bedrooms) in City Centre 10,666.67 R 7,000.00-18,000.00
Apartment (3 bedrooms) Outside of Centre 12,666.67 R 12,000.00-14,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,439.99 R 557.41-2,740.62
Price per Square Feet to Buy Apartment Outside of Centre 1,439.99 R 743.22-2,136.75
Salaries And Financing
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Average Monthly Net Salary (After Tax) 20,000.00 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.33 8.00-16.00

These data are based on 23 entries in the past 18 months from 3 different contributors.
Last update: December 2020

Sources and References
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