Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 2.70
Mortgage as Percentage of Income: 34.27%
Loan Affordability Index: 2.92
Price to Rent Ratio - City Centre: 10.95
Price to Rent Ratio - Outside of Centre: 9.52
Gross Rental Yield (City Centre): 9.13%
Gross Rental Yield (Outside of Centre): 10.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 7,296.55 R 5,000.00-10,500.00
Apartment (1 bedroom) Outside of Centre 6,524.00 R 5,000.00-9,000.00
Apartment (3 bedrooms) in City Centre 13,717.39 R 9,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 11,775.83 R 8,500.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,652.29 R 929.02-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 1,260.77 R 798.96-1,858.05
Salaries And Financing
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Average Monthly Net Salary (After Tax) 29,029.23 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.37 9.50-13.00

These data are based on 293 entries in the past 18 months from 44 different contributors.
Last update: July 2024

Sources and References
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