South Africa: House Prices, Rents, and Rental Yields
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Excellent yields in Johannesburg at 8.25%
| Last Updated: Sep. 26, 2007 | |||||
| JOHANNESBURG- Apartments1 | COST (US$) | YIELD (p.a.) | |||
| TO BUY | MONTHLY RENT | ||||
| 1 BR | 103,349 | 737 | 8.56% | ||
| 2 BR | 165,140 | 1,231 | 8.95% | ||
| 3 BR | 267,599 | 1,614 | 7.24% | ||
| JOHANNESBURG - Houses | |||||
| 3 BR | 462,828 | nil | nil | ||
| 4 BR | 676,465 | nil | nil | ||
| 5 BR | 809,231 | nil | nil | ||
| CAPE TOWN - Apartments2 | |||||
| Studio | 136,119 | 686 | 6.05% | ||
| 1 BR | 201,151 | 820 | 4.89% | ||
| 2 BR | 334,083 | 1,221 | 4.39% | ||
| 3 BR | 599,006 | 1,486 | 2.98% | ||
| CAPE TOWN - Houses3 | |||||
| 2 BR | 351,902 | nil | nil | ||
| 3 BR | 776,822 | nil | nil | ||
| 4 BR | 1,274,831 | nil | nil | ||
| 5 BR | 1,592,640 | nil | nil | ||
|
1 Northern Suburbs 2 Bantry Bay, Bo Kaap, Camps Bay, Clifton, Fresnaye, Greenpoint, Mouille Point, Seapoint 3 Bakoven, Bishopscourt, Bo Kaap, Constantia, Tokai, Waterkant Source: Global Property Guide |
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Johannesburg yields on apartments are at an average of 8.25%. Three-bedroom apartments have lowest yields at 7.24%. Selling prices range from US$100,000 to US$270,000 for one to three bedrooms, with an average of US$178,696. Houses of three to more than five bedrooms sell at an average of US$649,508, from US$460,000 to over US$800,000.
Apartments in Cape Town have much lower yields at an average of 4.57%, dropping up to 2.98% for three-bedroom apartments. Smaller apartments generate higher yields.
However, Cape Town apartment prices are much higher than Johannesburg, starting at US$136,119 for studio apartments. A three-bedroom apartment in Cape Town costs more than double.
There are no rental figures available for houses in both Cape Town and Johannesburg.
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