Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 3.37
Mortgage as Percentage of Income: 35.71%
Loan Affordability Index: 2.80
Price to Rent Ratio - City Centre: 9.00
Price to Rent Ratio - Outside of Centre: 10.52
Gross Rental Yield (City Centre): 11.11%
Gross Rental Yield (Outside of Centre): 9.50%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 6,382.35 R 4,500.00-9,500.00
Apartment (1 bedroom) Outside of Centre 5,462.50 R 3,500.00-7,000.00
Apartment (3 bedrooms) in City Centre 12,157.89 R 9,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 11,147.06 R 8,000.00-17,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,194.46 R 929.02-1,858.05
Price per Square Feet to Buy Apartment Outside of Centre 1,235.36 R 836.12-2,322.56
Salaries And Financing
Average Monthly Net Salary (After Tax) 19,377.62 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.72 7.00-12.00

These data are based on 176 entries in the past 18 months from 29 different contributors.
Last update: March 2023

Sources and References
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