{"id":158615,"date":"2017-02-19T23:37:08","date_gmt":"2017-02-19T21:37:08","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=158615"},"modified":"2017-02-19T23:39:43","modified_gmt":"2017-02-19T21:39:43","slug":"these-are-the-top-10-most-expensive-suburbs-to-rent-property-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/158615\/these-are-the-top-10-most-expensive-suburbs-to-rent-property-in-south-africa\/","title":{"rendered":"These are the top 10 most expensive suburbs to rent property in South Africa"},"content":{"rendered":"

A new report shows the most exclusive areas in South Africa when it comes to renting property.<\/span><\/p>\n

The report, compiled by the country’s largest processor of residential rental transactions PayProp, and detailed in the Sunday Times<\/a>, showed that Midstream Estates in Centurion, Tshwane, beat the more well-known affluent areas in Cape Town.<\/p>\n

PayProp’s data for the fourth quarter of 2016 put the average monthly rental price in Midstream Estates at R16,000<\/strong>, ahead of suburbs including: Hout Bay, Sea Point, Franschhoek and Camps Bay.<\/p>\n

The top five suburbs in the report all commanded an average rental price exceeding R12,000<\/strong> per month, versus the average price of R7,062.91<\/strong> per month.<\/p>\n

Read: South Africa\u2019s top 24 richest towns and suburbs<\/a><\/h3>\n

Top 10 most expensive suburbs to rent property in South Africa
\n<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nSuburb<\/th>\nProvince<\/th>\n<\/tr>\n
1<\/td>\nMidstream Estates<\/td>\nTshwane<\/td>\n<\/tr>\n
2<\/td>\nHout Bay<\/td>\nWestern Cape<\/td>\n<\/tr>\n
3<\/td>\nSea Point<\/td>\nWestern Cape<\/td>\n<\/tr>\n
4<\/td>\nFranschhoek<\/td>\nWestern Cape<\/td>\n<\/tr>\n
5<\/td>\nCamps Bay<\/td>\nWestern Cape<\/td>\n<\/tr>\n
6<\/td>\nUmhlanga Rocks<\/td>\nKwaZulu-Natal<\/td>\n<\/tr>\n
7<\/td>\nClaremont<\/td>\nWestern Cape<\/td>\n<\/tr>\n
8<\/td>\nBallito<\/td>\nKwaZulu-Natal<\/td>\n<\/tr>\n
9<\/td>\nUmhlanga Ridge<\/td>\nKwaZulu-Natal<\/td>\n<\/tr>\n
10<\/td>\nHillcrest<\/td>\nKwaZulu-Natal<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Other notable suburbs in PayProp’s report included: Tokai and Constantia, in Cape Town, while Bryanston and Fourways, located in North Joburg, also featured in the top 15.<\/p>\n

\n

Average rental in South Africa’s nine provinces in Q3 2016
\n<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nProvince<\/th>\nPrice<\/th>\n<\/tr>\n
#<\/td>\nEastern Cape<\/td>\nR5 226<\/td>\n<\/tr>\n
#<\/td>\nFree State<\/td>\nR5 225<\/td>\n<\/tr>\n
#<\/td>\nGauteng<\/td>\nR6 961<\/td>\n<\/tr>\n
#<\/td>\nKwaZulu-Natal<\/td>\nR7 061<\/td>\n<\/tr>\n
#<\/td>\nLimpopo<\/td>\nR7 382<\/td>\n<\/tr>\n
#<\/td>\nMpumalanga<\/td>\nR6 748<\/td>\n<\/tr>\n
#<\/td>\nNorth West<\/td>\nR4 697<\/td>\n<\/tr>\n
#<\/td>\nNorthern Cape<\/td>\nR7 562<\/td>\n<\/tr>\n
#<\/td>\nWestern Cape<\/td>\nR7 529<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

 <\/p>\n

\n

Read: The average rent in South Africa each month across all provinces<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

A new report shows the most exclusive areas in South Africa when it comes to renting property.<\/p>\n","protected":false},"author":10,"featured_media":78099,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,11791],"class_list":["post-158615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-payprop"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/158615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=158615"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/158615\/revisions"}],"predecessor-version":[{"id":158631,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/158615\/revisions\/158631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/78099"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=158615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=158615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=158615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}