Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 3.32
Mortgage as Percentage of Income: 38.64%
Loan Affordability Index: 2.59
Price to Rent Ratio - City Centre: 4.05
Price to Rent Ratio - Outside of Centre: 11.18
Gross Rental Yield (City Centre): 24.72%
Gross Rental Yield (Outside of Centre): 8.95%

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Consider looking into aggregate data for Average in South Africa

Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 5,333.33 R 4,000.00-6,500.00
Apartment (1 bedroom) Outside of Centre 5,537.50 R 4,000.00-9,000.00
Apartment (3 bedrooms) in City Centre 12,285.71 R 10,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 11,812.50 R 7,500.00-15,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 492.38 R
Price per Square Feet to Buy Apartment Outside of Centre 1,358.84 R 836.12-2,322.56
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 15,000.00 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.07 7.00-13.00

These data are based on 90 entries in the past 18 months from 34 different contributors.
Last update: June 2021

Sources and References
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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