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What a R10,000 a month home looks like in Gauteng, KZN and the Western Cape

What a R10,000 a month home looks like in Gauteng, KZN and the Western Cape

Real estate agents Private Property have released a list of nine properties, showing the type of home you can expect to rent for R10,000 a month across the country.

The properties are all currently listed with the realtor and were based on current areas of desirability within the specified cities.

According to credit bureau TPN’s rental monitor report released in early February, the current average national rent in South Africa is R6,173 per month.

The report noted that while rental payments were still considered a priority payment by most South Africans, there had been a concerning trend in the past year as to the overall credit profiles of many tenants are reportedly deteriorating as South Africans battle to make payments.


Johannesburg/Pretoria

2-bedroom apartment in Rivonia, Sandton

The apartment is furnished with wooden floors and white granite tops, as well as two bathrooms, a kitchen, lounge and dining area, a covered balcony with stacking doors, two garages, two covered parking bays and a sparkling pool.


1-bedroom apartment in Paulshof, Fourways

The loft has one-and-a-half bathrooms, an open plan kitchen with ample cupboard space, a lounge and dining area, as well as a large balcony that offers spectacular views of the city.

The complex also boasts a clubhouse and large-sized pool to use at your leisure.


2-bedroom townhouse in Bassonia, Johannesburg South

This home has two bathrooms, an open plan kitchen, a lounge and patio area, as well as two covered parkings. The complex also boasts electric fencing as well as 24-hour security to ensure safe and secure outdoor living.


KZN

2-bedroom home in Izinga Estate, Umhlanga

Located in Izinga Gated Estate, this property has two bedrooms, one bathroom, an open plan living area, a patio and balcony as well as one covered parking.


2-bedroom home in Assagay, Hillcrest

This property includes a single bathroom, dining area, a modern fitted kitchen, an open plan lounge and entertainment area, as well as a beautiful garden patio and a lockup garage with direct access to the home.


3-bedroom apartment in Ballito

This ground floor unit is leased fully furnished. It has two bathrooms as well as a fitted kitchen and a spacious lounge and dining area. The apartment also has its own garden patio and offers covered parking for one vehicle.


Cape Town

1-bedroom apartment in Walmer Estate, City Bowl

This double storey cottage comprises one bathroom, a built-in kitchen, an open plan lounge as well as a courtyard with a built-in braai area and a wooden balcony upstairs.


2-bedroom apartment in Wynberg, Southern Suburbs

This two-bedroom home located in the leafy suburb of Wynberg is one particularly stylish apartment currently on the market for R10,000 p/m.

The apartment is situated on the ground floor of a well-maintained complex. The two-bedroom home has one bathroom, a spacious living room area, as well as a fitted kitchen and a large veranda.


1-bedroom apartment in Sea Point, Atlantic Seaboard

This one-bedroom apartment on the market for R9,000 p/m offers secure and affordable seaside living. The home is offered furnished and has an excellent location close to the Sea Point Promenade.


Read: South Africans have found an alternative to leaving the country – move to Cape Town


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  • Cynic Scepticism

    Sad state of affairs. R10k is a lot of money to 95% of our population.

    • Berghaan Botha

      And you probably only get the usual M&T scrap.

    • Lone Stranger

      I fall under that 95%. For a person to be able to afford this, they at least have to get a salary of R30K after tax.

      • Cynic Scepticism

        Or be married and have a combined income around that figure.

        • Lone Stranger

          Even then some can still not afford it. My parents for instance can’t afford this amount of rent.

          • Cynic Scepticism

            What really bugs me is that R10k doesn’t even get you all that much. So, considering not many dual-income households actually earn R30k+ after tax, if they have kids to support and want to do things the responsible way, life insurance, household content insurance, vehicle insurance, medical aid, gap cover, and all these nice things, it would mean they probably can’t even afford to live in a crappy little one or two bedroom apartment on the arse-end of no-mans-land. I don’t know how property rental prices are so skewed out of reach of even middle-income earners.

          • Andre Paulse

            next best thing is to stay in a low class area, security risks but you can have all the niceties you want and need.

          • Wurnman

            Owning property it’s all about location when you want to sell and the time will come when you want/need to sell.

          • Cynic Scepticism

            Yeah, and renting property is all about paying someone else’s bills.

          • Jacob Zupta

            Or more about buying a home for someone else.

          • jonathan

            No, its about building a passive income. That does not necessary require selling.

          • Cynic Scepticism

            Not so sure I would do that. I now live in a very old area, but the whole town kinda consists of poor people, old people and a few upper-middle class folks. So where I bought my home for R1.1mil, the most expensive house sold last year ion my street was R1.5mil, and in our town was R5mil. But I (being a white man) would not consider an area like Mitchell’s Plain, even if I didn’t have a family to worry about. There’s a saying in the Afrikaans community, it goes: “Jy speel nie met die leeu se bal nie.”.

          • MarvinTheParanoidAndroid

            What security risks? Incidents of crime per capita in expensive places like paulshof is not lower than, for example, midrand.

          • Ivan Ivanovich Ivanov

            I don’t think no fibre/stolen copper/no 3g/no LTE/gunfire and police sirens at night are niceties.

          • ChrisB

            It’s not just about the security risks unfortunately. It’s about the bad behaviour your kids are going to see every day and take as examples, the loud music and cars, the potential intimidation, the lack of privacy inherent in living cheek-by-jowl with your (low class) neighbours.

          • Wurnman

            What i cannot understand about loads of folks, they have kids in a economical climate like this.

          • Cynic Scepticism

            I have one child. And before I he was born, it was all about the money. If I had to choose between having a comfortable life, vs having my son, and struggle financially for the next 10 years, my son would win every time.

          • Demisemi

            Then if we all insist on breeding regardless if affordability is considered, then expect financial hardship as your choice in life

            That is an unsettling fact for the new world going forward.

            And as the human population keeps growing out of control, expect it to get worse.

          • Demisemi

            Cynic: ” I don’t know how property rental prices are so skewed out of reach..”

            ??

            Thats not the problem actually.

            You obv dont own property – do the math and you will see these homeowners are LUCKY if they even breaking even !!

            Problem is more complicated, but in a nutshell for you: basically costs are rising faster than income.

      • Bill

        The average salary is R5000

  • Lacrimose Wolfe

    We live in a country where properties ‘boast’ electric fencing.

    • ToothyGrinn

      Sad

    • CltrAltDelicious

      We live in a country with the most luxurious jails… and we are the inmates.

    • YouDontEvenKnowMe

      And living in a gated community is somehow a plus

  • ToothyGrinn

    Shame I hope they find tenants for those over priced dumps

    • Lone Stranger

      Unfortunately that is the price for these types of properties. I have been looking around and can’t find a decent place for under R10K that is spacious, except if you look at all the crime ridden places in SA.

    • Gareth David

      Underrated comment…

      Soon to have the tag, “reduced”.

    • sirMuffles

      to be fair the bond repayments on these are probably 15k – 16k.

      • L BS

        Is what I’m trying to explain to Fred. ☺
        In my younger days, we could actually afford the bonds, plus you used to get subsidy, therefore we were fortunate enough to have a paid up house when we retired. I don’t have much hope for the youngsters in that respect today.

  • Look where you can live with less debt.

    • keithbe

      Where one can, finances dependant, buying a property, in most instances, is a worthwhile asset to invest in using a bond. Off course cash is King; there aren’t many of those around.

      • L BS

        Absolutely! If you CAN afford it, BUY!

    • L BS

      You can do that anywhere if you really want to.

  • the-TRUTH

    Even if I inherited R10 billion, no R10,000 from this wishful inheritance would be wasted on any of these for rent properties, even if many of them look ‘beautiful’. I would rather buy a massive stunning property for cash somewhere in Soweto, e.g. Protea North, Diepkloof Extension, Pimville Selection Park, etc

    • brz

      I agree. R10 000 a month just for a small roof over your head can be far better spent as an investment in your own more spacious home.

    • ChrisB

      Umm but then you have to live in Soweto. So unless you *work* in Soweto, that would be… tedious.

  • John Phoenix

    You pay for the name, from food and drink to where you park your couch, in Cape Town you pay extra for it all. Forget keeping up with the Jones family, as a capetonian you have to keep up with the foreigners. Oh and didnt someone mention that salaries are lower in the cape. It all makes for one big financial §h!tshow of perpetual debt.

    • Joe Justice

      Bullcrap. I now live in a nice house (3 bedroom, garage, loft huge yard, 300 meters from one of the best schools in the Cape) and I pay R11500. Then, also, not a single employer in JHB has been able to match what I make in CT. And also, I live in WC and not GP. Stop drinking the kool-aid.

      • Chris

        Please get me a job in CP who will pay me R100K per month and I will move. The best I can get in CP is around R60K

        • Joe Justice

          That depends entirely what industry you are in, Chris.

      • Cynic Scepticism

        Echoing that things are going well for you is hardly an indication that this is the norm. Trust me, I lived in GP, moved to WC, survival this side is harder. Everything is more expensive, and the companies pay less. Deal with it.

        • Joe Justice

          It’s not just about me. My point is that this whole idea of “Cape Town companies pay less” is an urban legend. I have ALWAYS had better salaries / offers from Cape Town than from upcountry. Yes, there might be some companies that play on this myth, and use it to get away with paying less, but that is quite simply stopped dead in it’s tracks by telling the employer what you want.

          And as per my own experience, the idea that rentals in CT MUST be more expensive than elsewhere is just as ridiculous. As I said, I live in a big house that I rent (3 bedroom, huge garden etc) in a very nice suburb for 11.5 K. And I did not have to hunt high and low for it. Found it on Gumtree (and it’s through an agency), filled in the application, got the property.

          If you, in both cases, employment and accommodation, are just going to accept what they give / charge you, you are always gonna get schnaaid.

          • Cynic Scepticism

            Are you kidding me? I see statistics being released on these very topics bi- or tri-annually. Average salaries in SA’s biggest Metros. Average living costs in SA’s Major Metros. House prices in SA’s biggest cities. You are wrong on an epic scale here. I just think you got lucky. I am not the only person who made the move from GP to WC in the last 10 years, and I don’t know a single person that made the move who would agree with you.

          • Cyril Goddard

            Salaries are generally higher in GP, Thats my experience and family members. Rentals now are EXPENSIVE, pretty much across the country, more so in CT though. Banks are stricter with screening for bond applications, people are being turned down more than ever. So the alternative is renting. A single property can have 100 or more applicants. Simply, supply and demand are pushing prices up.

          • Max567

            Joe Justice, stop being so defensive. Cape Town has lower salaries than Jorburg. That’s a fact!

            And this is across board, in nearly every sector, whether Finance, Manufacturing, IT, Retail. My cousin got a job up hear and will be moving to Jorburg in March. His salary is almost going to be double, doing the same job. I have many friend’s I studied with who got jobs in Cape Town. Most are looking to move to Jorburg.

            Just because you are well paid and stay in an 11.5k house doesn’t mean most Cape-Townian’s are like you. A large majority cry of the expensive lifestyle and low salaries.

      • judebabs

        +1 on @cynicscepticism:disqus I lived in Durban ( everything were affordable and sufficient with my salary) I moved to GP for few months then decided to check Cape Town, I ended up returning back to GP. I got higher salary in GP but I spend less than I used to when I was in CT, and the flat I am renting today for R7200 in bryanston(not a bad area in jhb at all) I am sure it would cost me more than R10k to get the same satndards in CT. Mind-U I am a software developer ( I beleive it’s one of the industries that pays decently and still GP salaries still higher than CT – while GP cost of living a less than CT’s one)

        • Cynic Scepticism

          Yeah, it’s nuts. If I go back to GP now with my current skillset, my salary would probably jump by no more than R200k p.a. and no less that R100k p.a.

          And that’s just because I learned two new programming languages and one or two new technologies, and I now have 3 years more experience than I had when I left GP. If I jump ship to another company here in WC right now, salary might go up by R15k p.a.

          • L BS

            Well you certainly learnt something in Cape Town, didn’t you? ☺
            Some of us learnt to be satisfied with less and have quality of life.

    • L BS

      Not so. Most of us Capetonians are quite happy and satisfied, thanks.

      • John Phoenix

        Happy and satisfied! Now that’s quite something, no wonder the houses are so cheap in Jhb…

  • Tuesday Is Soylent Green Day

    so pretty much f**k all.

    • Cynic Scepticism

      Yup, that’s what it looks like through my glasses as well.

  • Poor Graduate

    This is very interesting! I know people who have bought properties in not-so-nice suburbs of Jhb and their bond repayments, water and electricity comes down to R10k every month. I’m talking about suburban homes worth +-R550k
    I will not mention the areas, but if you look around (Pam Golding, etc etc) you’ll find them. If you can get a home loan, rather spend that money paying for the house instead of making someone else pay theirs.

  • BallsToTheWall

    Personally, I chose to get a small cosy property off the beaten track (slightly away from the “upmarket burbs”). Got some extra cash in my pocket as a result – I use that extra cash to try and get my kids a good education…

    My (2) kids education now costs more than than my bond and vehicle financing combined!

  • Kaiz Kawthur

    I wouldn’t pay 5k to stay like a mouse in a tiny place like that. Stay outside the city and you can have all the space you need for far less the price.

    • slitza

      then pay your cost in bonds or rent towards petrol and time lost sitting in traffic

      • Kaiz Kawthur

        You decide which one is an investment.

        • Ivan Ivanovich Ivanov

          Petrol is not an investment.
          Lost time can be anything, from nerves and time required to recover from stress, to lost earnings and lost self-development time that could bring out opportunities.

  • TST

    I feel like a lot of these properties are the exception rather than the rule. It’s near impossible to find something like this at these prices in JHB North or CPT Central

    • Treezle

      Not really… That paulshof flat is a rip off. I live in a 2 bedroom loft in Sunninghil and I pay less than that. Sometimes you just get a good deal.

  • Joe Black

    The only solution I can come up with is a small affordable place in the city close to work, and a large cheap place in the countryside, but not too far from town.

    Consider that you can easily pay R1.5-2mil for a tiny apartment in a half decent suburb around CT, but for under a mil you can have a spacious weekend home 50-100km away.

    So that’s basically what I plan on doing. I already have the small place :/ lol I guess you can say I started with the hard part of the plan (ironically). At least one day when I retire the flat will provide a good rental income.

    • L BS

      If the tenants pay, that is…

      • Joe Black

        I hope

      • Herman Ellis

        The more effort you put in wrt credit references; interviews and background checks, the less problems you have with tennants not paying rent.

  • Would have had more value to readers if the interior size of the properties was included- including garages and store rooms etc..

  • Visionery1 .

    I’m wondering how the first Cape Town apartment’s stairs passed the building inspection, there’s insufficient headroom.

    • ChrisB

      The place is probably a hundred years old. So much is allowed through, even when doing expensive renovations, that it boggles the mind.

  • Chrissie

    Did property agencies by any chance minipulate the property market?? Just wondering?

  • Treezle

    That seapoint apartment is so small that they had to take 2 pictures of the bed! Because when looking at an apartment it is imperative to see the type of throw pillows on the bed. Either shoddy camera work or poor photo selection.

  • TF

    Live at home with your parents and save that money each month.

    • ChrisB

      …and pay for it in sanity (yours and theirs)

  • NitzMan

    Don’t rent, buy. I started off with a “cheap” one bedroom apartment, paid it off, sold it and bought a place 3 times the value. By renting, you’re just paying off someone else’s bond.

    • ChrisB

      Yeah not everyone can afford the deposit. Until maybe 10 years ago 100% bonds were, if not the norm, relatively easy to get.

      Since the bank meltdown in 2008 though, it’s 20% or walk. Thirty is preferable. Take even a modest home, like my unrenovated 100-yr-old 1-bed no dining semi-detached with a ‘garden’ consisting of a ragged 2m wide strip of jumbled paving and a corrugate iron roof that needs replacing: currently ‘worth’ around 1.5m, so someone would have to come up with 300-450 k before lawyers’- and transfer fees. Yikes, that’s a lot.

  • Xonix

    wow you really get k@k in cape town

  • Thunda Flash

    It’s because we have no intelligent or caring governance that pricing is so bad. Foreigners are buying up SA with a huge exchange advantage and there is no premium they have to pay which could cross subsidise pricing. AirBNB is also affecting it with every 2nd person buying to rent out. Property prices should be regulated as they are also the biggest driver of inflation and need for salary increases. Buy hey. The ANC will solve it all I’m sure. Not.

  • Fred.

    Anyone who rents a house is crazy! Instead of paying rent, use that money to pay off a house you bought! Besides, everyone were born equal, and responsible for your own well being, and if you didn’t look to the future and now you have to rent at ridiculous prices, its entirely your own fault … so stop moaning!

    • L BS

      In all fairness, Fred. That was easier up to the late 90’s. These days, do you know how much down payment the youngsters need and that bond repayments are much higher than renting? Change your attitude, please.

    • Cyril Goddard

      Rentals now are EXPENSIVE, pretty much across the country, more so in CT
      though. Banks are stricter with screening for bond applications, people
      are being turned down more than ever. So the alternative is renting. A
      single property can have 100 or more applicants. Simply, supply and
      demand are pushing prices up.

    • L BS

      So my comment was removed!
      I was saying : In all fairness, Fred, it is much more difficult today for young people to buy their own house with huge deposits required and bond payments much higher as what you can actually rent for. So yes, change your attitude. (Is that why my comment has been removed)? Don’t tell people to stop moaning if you don’t know both sides of the story!

      • obiOne

        Rentals also require crazy deposits and upfront fees. i was 22 years old and had to fork out 20k for a deposit and month upfront (10years ago) Also it was a lot easier 10 years ago to buy a property. I basically used the rental deposit money to pay my attorney costs. These days its 2 to 3 months up front, upfront utility costs etc.

        Id never knock someone for renting and not buying. Some of my friends dont own properties as they always on the go but they easliy able to purchase one without any debt. They were able to take what they would of spent on a bond and tripple it year on year. Sick!

        • L BS

          Yip, must say, it WAS MUCH easier in my younger days. I feel sorry for the youngsters today.

  • Theo Ritzbw

    what would the mortgate of 10k get you…stupid to rent such

  • obiOne

    I recently purchased a property and was shocked to find it had already increased in value by 300k in less than a month of ownership. That is great for me but it got me thinking, what could of possibly prompted such a relatively big jump in such a short space of time.

    My agent advised me its the demand. There is always a demand, some more than others. What is a basic place in a decent area going to cost in 10 years from now? This is getting out of hand

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