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South Africa: House Prices, Rents, and Rental Yields

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Last Updated: Sep 26, 2007

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

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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