Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 2.75
Mortgage as Percentage of Income: 35.45%
Loan Affordability Index: 2.82
Price to Rent Ratio - City Centre: 10.85
Price to Rent Ratio - Outside of Centre: 9.02
Gross Rental Yield (City Centre): 9.22%
Gross Rental Yield (Outside of Centre): 11.09%
Rent Per Month
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Apartment (1 bedroom) in City Centre 7,557.14 R 5,000.0-10,500.0
Apartment (1 bedroom) Outside of Centre 6,460.71 R 5,000.0-9,000.0
Apartment (3 bedrooms) in City Centre 14,812.5 R 9,000.0-25,000.0
Apartment (3 bedrooms) Outside of Centre 12,172.41 R 8,500.0-16,000.0
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,727.79 R 1,207.73-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 1,205.94 R 798.96-1,858.05
Salaries And Financing
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Average Monthly Net Salary (After Tax) 28,660.61 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.59 10.0-13.0

These data are based on 288 entries in the past 18 months from 45 different contributors.
Last update: October 2024

Sources and References
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