NUMBEO

Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 3.31
Mortgage as Percentange of Income: 38.99%
Loan Affordability Index: 2.56
Price to Rent Ratio - City Centre: 9.48
Price to Rent Ratio - Outside of Centre: 8.76
Gross Rental Yield (City Centre): 10.55%
Gross Rental Yield (Outside of Centre): 11.41%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 4,883.33 R 3,500.00-6,500.00
Apartment (1 bedroom) Outside of Centre 4,914.29 R 3,000.00-7,500.00
Apartment (3 bedrooms) in City Centre 9,223.33 R 6,500.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 10,702.70 R 6,500.00-15,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 958.99 R 557.41-1,300.63
Price per Square Feet to Buy Apartment Outside of Centre 955.12 R 650.32-1,486.44
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 15,568.66 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.26 9.00-12.00

These data are based on 215 entries in the past 18 months from 37 different contributors.
Last update: February 2019

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DeutschImmobilienpreise in Durban
ItalianoPrezzi delle proprietà immobiliari a Durban
FrançaisPrix de l'immobilier à Durban
EspañolPrecios de Inmuebles en Durban

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1 Comments so far

#Nico Le Roux on Jan 06, 2019 :
Please help
Using your data for Durban South Africa

Price to Income Ratio

Median Apartment Price per Square Meter to Buy Apartment R 10,133.82
Fmilial disposable income R 15,123.92

My formula works out 58.9064541

public double calculateMedianHousePriceOutsideOfCentre() {
return getBuyPricePerSquareMeterOutsideOfCentre() * 90;
}

public double calculateMedianHousePriceCityCentre() {
return getBuyPricePerSquareMeterCityCentre() * 90;
}

public double calculateMedianHousePrice() {
return (calculateMedianHousePriceCityCentre() + calculateMedianHousePriceOutsideOfCentre()) / 2;
}

public double calculateHousePriceToIncomeRatio() {
return calculateMedianHousePrice() / calculateMedianFamilyDisposableIncomeYearly();
}

Nico Le Roux
Krygsman1@gmail.com