Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 3.48
Mortgage as Percentage of Income: 34.86%
Loan Affordability Index: 2.87
Price to Rent Ratio - City Centre: 9.80
Price to Rent Ratio - Outside of Centre: 8.60
Gross Rental Yield (City Centre): 10.21%
Gross Rental Yield (Outside of Centre): 11.63%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,735.29 R 4,500.00-10,000.00
Apartment (1 bedroom) Outside of Centre 6,076.92 R 4,000.00-8,000.00
Apartment (3 bedrooms) in City Centre 13,553.55 R 9,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 11,230.23 R 8,500.00-18,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,408.62 R 819.68-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 1,071.61 R 743.22-1,858.05
Salaries And Financing
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Average Monthly Net Salary (After Tax) 19,190.75 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.98 6.00-11.00

These data are based on 389 entries in the past 18 months from 65 different contributors.
Last update: May 2021

Sources and References
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