Property Prices in Randburg, South Africa

Index Info
Price to Income Ratio: 1.33
Mortgage as Percentage of Income: 15.76%
Loan Affordability Index: 6.35
Price to Rent Ratio - City Centre: 6.25
Price to Rent Ratio - Outside of Centre: 3.91
Gross Rental Yield (City Centre): 16.00%
Gross Rental Yield (Outside of Centre): 25.60%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 6,666.67 R 5,500.00-8,000.00
Apartment (1 bedroom) Outside of Centre 4,600.00 R 3,000.00-6,200.00
Apartment (3 bedrooms) in City Centre 14,666.67 R 14,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 11,000.00 R 8,000.00-14,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 929.02 R
Price per Square Feet to Buy Apartment Outside of Centre 418.06 R
Salaries And Financing
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Average Monthly Net Salary (After Tax) 27,333.33 R
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.38 9.00-13.00

These data are based on 24 entries in the past 18 months from 8 different contributors.
Last update: June 2021

Sources and References
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