South Africa: House Prices, Rents, and Rental Yields
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Last Updated: Sep 12, 2008
Highest yields in Johannesburg
| Last Updated: Sep. 12, 2008 | |||||
| Cape Town - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 60 sq. m. | 214,620 | 912 | 5.10% | 3,577 | 15.20 |
| 120 sq. m. | 363,600 | 1,914 | 6.32% | 3,030 | 15.95 |
| 220 sq. m. | 954,800 | 2,889 | 3.63% | 4,340 | 13.13 |
| Cape Town - Houses | |||||
| 3 bedroom | 845,835 | 2,799 | 3.97% | n.a. | n.a. |
| 4 bedroom | 1,807,090 | n.a. | n.a. | n.a. | n.a. |
| 5+ bedroom | 2,043,752 | n.a. | n.a. | n.a. | n.a. |
| Johannesburg - Apartments | |||||
| 1 bedroom | 84,921 | n.a. | n.a. | n.a. | n.a. |
| 2 bedroom | 124,664 | 1,377 | 13.25% | n.a. | n.a. |
| 3 bedroom | 173,945 | n.a. | n.a. | n.a. | n.a. |
| Johannesburg - House | |||||
| 120 sq. m. | 114,480 | n.a. | n.a. | 954 | n.a. |
| 320 sq. m. | 212,480 | 2,112 | 11.93% | 664 | 6.60 |
| 420 sq. m. | 304,500 | 3,146 | 12.40% | 725 | 7.49 |
| 520 sq. m. | 529,880 | n.a. | n.a. | 1,019 | n.a. |
| Districts researched Cape Town: Atlantic Seaboard ( Camps Bay, Fresnaye, Bantry Bay, Clifton), Hout Bay, Waterfront Johannesburg: Northern Suburbs Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Johannesburg yields on apartments are 13.25% for two-bedrooms. Selling prices range from US$85,000 to US$174,000 for one to three bedrooms, with an average of US$127,843. Houses on the other hand, ranging from 120 to 520 square metres, sell at the starting price of US$ 115,000S to US$530,000, with an average rental yield 24.33%. (For available figures).
Apartments in Cape Town have much lower yields at an average of 5.02%. 120 square metre apartments have the highest yields of 6.32%. Rental yields for a 3 bedroom house in Capetown are poor at 3.97%.
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