Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 2.97
Mortgage as Percentage of Income: 38.18%
Loan Affordability Index: 2.62
Price to Rent Ratio - City Centre: 11.44
Price to Rent Ratio - Outside of Centre: 9.36
Gross Rental Yield (City Centre): 8.74%
Gross Rental Yield (Outside of Centre): 10.69%
Rent Per Month
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Apartment (1 bedroom) in City Centre 7,464.00 R 5,000.00-10,500.00
Apartment (1 bedroom) Outside of Centre 6,437.93 R 5,000.00-9,000.00
Apartment (3 bedrooms) in City Centre 15,596.15 R 9,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 12,100.00 R 9,000.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,856.14 R 1,300.63-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 1,245.19 R 798.96-1,858.05
Salaries And Financing
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Average Monthly Net Salary (After Tax) 28,104.39 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.57 10.00-13.00

These data are based on 274 entries in the past 18 months from 43 different contributors.
Last update: November 2024

Sources and References
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