Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 2.60
Mortgage as Percentage of Income: 30.68%
Loan Affordability Index: 3.26
Price to Rent Ratio - City Centre: 9.37
Price to Rent Ratio - Outside of Centre: 8.84
Gross Rental Yield (City Centre): 10.67%
Gross Rental Yield (Outside of Centre): 11.32%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 7,248.65 R 5,000.00-12,000.00
Apartment (1 bedroom) Outside of Centre 6,077.11 R 4,500.00-9,000.00
Apartment (3 bedrooms) in City Centre 13,352.94 R 9,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 12,263.13 R 9,000.00-18,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,391.79 R 743.22-2,461.20
Price per Square Feet to Buy Apartment Outside of Centre 1,147.78 R 696.77-1,858.05
Salaries And Financing
Average Monthly Net Salary (After Tax) 26,313.51 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.29 8.00-12.00

These data are based on 399 entries in the past 18 months from 57 different contributors.
Last update: October 2023

Sources and References
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