Property Prices in Durban, South Africa

Index Info
Price to Income Ratio: 3.72
Mortgage as Percentage of Income: 48.86%
Loan Affordability Index: 2.05
Price to Rent Ratio - City Centre: 8.99
Price to Rent Ratio - Outside of Centre: 11.51
Gross Rental Yield (City Centre): 11.12%
Gross Rental Yield (Outside of Centre): 8.69%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,250.00 R 5,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 5,682.35 R 3,500.00-9,500.00
Apartment (3 bedrooms) in City Centre 11,944.44 R 9,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 11,000.00 R 7,000.00-18,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,170.57 R 743.22-2,322.56
Price per Square Feet to Buy Apartment Outside of Centre 1,370.31 R 929.02-2,787.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 18,375.00 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.90 9.50-15.00

These data are based on 117 entries in the past 18 months from 26 different contributors.
Last update: February 2024

Sources and References
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