Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 3.20
Mortgage as Percentage of Income: 34.53%
Loan Affordability Index: 2.90
Price to Rent Ratio - City Centre: 9.59
Price to Rent Ratio - Outside of Centre: 8.87
Gross Rental Yield (City Centre): 10.43%
Gross Rental Yield (Outside of Centre): 11.27%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,924.44 R 4,500.00-10,000.00
Apartment (1 bedroom) Outside of Centre 5,603.92 R 4,000.00-9,000.00
Apartment (3 bedrooms) in City Centre 13,588.89 R 8,500.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 11,017.86 R 8,000.00-18,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,400.74 R 819.68-2,136.75
Price per Square Feet to Buy Apartment Outside of Centre 1,049.67 R 743.22-1,467.86
Salaries And Financing
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Average Monthly Net Salary (After Tax) 20,617.87 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.00 6.25-11.50

These data are based on 506 entries in the past 12 months from 86 different contributors.
Last update: January 2021

Sources and References
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