Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 3.14
Mortgage as Percentage of Income: 40.23%
Loan Affordability Index: 2.49
Price to Rent Ratio - City Centre: 10.05
Price to Rent Ratio - Outside of Centre: 8.22
Gross Rental Yield (City Centre): 9.95%
Gross Rental Yield (Outside of Centre): 12.17%
Rent Per Month
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Apartment (1 bedroom) in City Centre 7,536.36 R 5,000.00-10,500.00
Apartment (1 bedroom) Outside of Centre 6,650.00 R 5,000.00-9,500.00
Apartment (3 bedrooms) in City Centre 16,391.30 R 11,000.00-29,000.00
Apartment (3 bedrooms) Outside of Centre 12,590.91 R 10,000.00-18,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,678.88 R 1,161.28-2,322.56
Price per Square Feet to Buy Apartment Outside of Centre 1,133.41 R 836.12-1,393.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 24,110.98 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.52 10.00-13.00

These data are based on 230 entries from 40 contributors over the past 18 months.
Last update: 10 June 2025

Sources and References
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