Property Prices in Johannesburg, South Africa

Index Info
Price to Income Ratio: 2.68
Mortgage as Percentage of Income: 33.34%
Loan Affordability Index: 3.00
Price to Rent Ratio - City Centre: 10.08
Price to Rent Ratio - Outside of Centre: 9.50
Gross Rental Yield (City Centre): 9.92%
Gross Rental Yield (Outside of Centre): 10.53%
Rent Per Month
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Apartment (1 bedroom) in City Centre 7,324.00 R 5,000.00-10,500.00
Apartment (1 bedroom) Outside of Centre 6,034.26 R 4,500.00-9,000.00
Apartment (3 bedrooms) in City Centre 13,369.57 R 9,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 11,565.17 R 8,500.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,505.37 R 836.12-2,509.65
Price per Square Feet to Buy Apartment Outside of Centre 1,195.24 R 696.77-1,858.05
Salaries And Financing
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Average Monthly Net Salary (After Tax) 27,067.35 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.04 9.50-13.00

These data are based on 304 entries in the past 18 months from 54 different contributors.
Last update: February 2024

Sources and References
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