Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 2.38
Mortgage as Percentage of Income: 24.38%
Loan Affordability Index: 4.10
Price to Rent Ratio - City Centre: 8.25
Price to Rent Ratio - Outside of Centre: 7.94
Gross Rental Yield (City Centre): 12.12%
Gross Rental Yield (Outside of Centre): 12.60%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,750.30 R 4,000.00-12,000.00
Apartment (1 bedroom) Outside of Centre 6,433.72 R 5,000.00-8,500.00
Apartment (3 bedrooms) in City Centre 14,032.90 R 8,500.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 12,219.39 R 8,000.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,207.39 R 699.99-2,415.46
Price per Square Feet to Buy Apartment Outside of Centre 1,060.71 R 696.77-1,858.05
Salaries And Financing
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Average Monthly Net Salary (After Tax) 25,691.89 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.30 6.28-11.00

These data are based on 330 entries in the past 18 months from 55 different contributors.
Last update: August 2022

Sources and References
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