Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 4.73
Mortgage as Percentage of Income: 60.92%
Loan Affordability Index: 1.64
Price to Rent Ratio - City Centre: 10.68
Price to Rent Ratio - Outside of Centre: 18.71
Gross Rental Yield (City Centre): 9.36%
Gross Rental Yield (Outside of Centre): 5.35%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,358.33 R 5,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 5,847.37 R 3,500.00-8,500.00
Apartment (3 bedrooms) in City Centre 12,208.33 R 10,000.00-18,500.00
Apartment (3 bedrooms) Outside of Centre 10,388.89 R 7,500.00-18,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,418.12 R 743.22-2,601.26
Price per Square Feet to Buy Apartment Outside of Centre 2,204.33 R 1,114.83-9,290.23
Salaries And Financing
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Average Monthly Net Salary (After Tax) 20,595.21 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.59 9.00-15.00

These data are based on 140 entries in the past 18 months from 28 different contributors.
Last update: July 2024

Sources and References
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