Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 4.22
Mortgage as Percentage of Income: 55.28%
Loan Affordability Index: 1.81
Price to Rent Ratio - City Centre: 9.18
Price to Rent Ratio - Outside of Centre: 14.69
Gross Rental Yield (City Centre): 10.89%
Gross Rental Yield (Outside of Centre): 6.81%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 6,277.78 R 5,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 5,794.74 R 3,500.00-9,500.00
Apartment (3 bedrooms) in City Centre 11,590.91 R 9,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 10,894.74 R 7,000.00-17,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,181.76 R 743.22-1,858.05
Price per Square Feet to Buy Apartment Outside of Centre 1,759.52 R 929.02-2,787.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 18,777.75 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.88 9.50-15.00

These data are based on 132 entries in the past 18 months from 28 different contributors.
Last update: April 2024

Sources and References
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