Private Property has released a list of areas across South Africa where buyers can expect to find the cheapest homes.
The data is based on house price information gathered by Private Property from 1 April 2016 to 31 March 2017.
For the purposes of this report, affordable housing is defined as a property with an asking price of no more than R600,000.
This includes apartments, flats, townhouses and free-standing residences with at least one bedroom.
Before breaking down the data more granularly, Private Property first looked at the data at a provincial level.
The data shows that the Eastern Cape is the province with the highest percentage of affordable housing.
While the median asking price for all listings in the Eastern Cape was R1,150,000, in the more affordable suburbs of Mdantsane, Motherwell, Bethelsdorp and Algoa Park low income earners could expect to pay an average of R365,000, R377,500, R415,000 and R578,750 respectively for housing.
The median asking price for all listings in the Free State was R1,030,000, while suburbs such as Willows, Navalsig and the Bloemfontein CBD had a median asking price of R385,000, R480,000 and R499,000 respectively.
The average asking price for all listings in the North West province was R1,240,000, but low income earners could expect to pay around R460,000 for housing in the suburb of Boitekong, and around R566,500 in Stilfontein.
As expected, the Western Cape had the highest median asking price for all listings, at R1,995,000.
However, low income earners could still buy affordable housing in areas such as Delft, Khayelitsha, Mitchells Plain, Maitland, Macassar and Blue Downs with median asking prices at R310,000, R380,000, R509,000, R510,000, R549,500 and R580,000.
Although the Gauteng region ranks number four with its percentage of low cost listings in the past year, the province had the highest number of suburbs with affordable median asking prices, with 39 suburbs with a median asking price of R600,000 and under.
Many of South Africa’s low and middle income earners only have the option of settling for apartments or houses in affordable urban areas, as prices for townhouses are becoming less affordable for this income group.
The data taken from Private Property shows that almost half of low cost listings were in the form of apartments, and 55% had two bedrooms.
Only 22% of low cost listings still offer three bedrooms, while 1% of low cost listings contain four bedrooms.