Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 3.43
Mortgage as Percentage of Income: 34.61%
Loan Affordability Index: 2.89
Price to Rent Ratio - City Centre: 10.07
Price to Rent Ratio - Outside of Centre: 8.87
Gross Rental Yield (City Centre): 9.93%
Gross Rental Yield (Outside of Centre): 11.28%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,327.59 R 4,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 6,078.12 R 4,500.00-7,500.00
Apartment (3 bedrooms) in City Centre 14,413.33 R 9,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 11,288.89 R 8,500.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,446.18 R 798.96-2,972.87
Price per Square Feet to Buy Apartment Outside of Centre 1,107.97 R 761.80-1,393.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 20,014.29 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.06 6.00-12.00

These data are based on 309 entries in the past 12 months from 55 different contributors.
Last update: August 2021

Sources and References
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