{"id":196014,"date":"2017-09-17T16:00:43","date_gmt":"2017-09-17T14:00:43","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=196014"},"modified":"2017-09-18T15:32:17","modified_gmt":"2017-09-18T13:32:17","slug":"heres-what-a-r1-million-house-looks-like-in-south-africas-five-biggest-cities","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/196014\/heres-what-a-r1-million-house-looks-like-in-south-africas-five-biggest-cities\/","title":{"rendered":"Here&#8217;s what a R1 million house looks like in South Africa&#8217;s five biggest cities"},"content":{"rendered":"<p>According to an April 2017 report by FNB, the average house price across South Africa has increased in some segments by nearly 400% over the past fifteen years.<\/p>\n<p>The report focused on three main segments:<\/p>\n<ul>\n<li>Small-sized homes \u2013 20-80 square metres<\/li>\n<li>Medium-sized homes \u2013 80-230 square metres<\/li>\n<li>Large-sized homes \u2013 230-800 square metres<\/li>\n<\/ul>\n<p>The small-sized FNB House Price Index has inflated by 395% since the first quarter of 2001. The medium-sized Index is not too far behind with 374.2% cumulative inflation over the same period.<\/p>\n<p>But the large-sized Segment has underperformed by a significant margin, especially since around 2011, cumulatively inflating by a significantly lesser 281.3% since early-2001, FNB said.<\/p>\n<p><strong>Average house price in South Africa by size category<\/strong><\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"20%\">Price by size<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"16%\">2013<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"16%\">2014<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"16%\">2015<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"16%\">2016<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"16%\">Q1\/2017<\/th>\n<\/tr>\n<tr>\n<td>Large home<strong><br \/>\n<\/strong><\/td>\n<td>R1.73 million<\/td>\n<td>R1.81 million<\/td>\n<td>R1.88 million<\/td>\n<td>R1.93 million<\/td>\n<td>R1.98\u00a0million<\/td>\n<\/tr>\n<tr>\n<td>year-on-year<\/td>\n<td>4.7%<\/td>\n<td>4.5%<\/td>\n<td>3.7%<\/td>\n<td>2.5%<\/td>\n<td>4.1%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Medium<\/td>\n<td>R923 602<\/td>\n<td>R986 092<\/td>\n<td>R1.05\u00a0million<\/td>\n<td>R1.10\u00a0million<\/td>\n<td>R1.12\u00a0million<\/td>\n<\/tr>\n<tr>\n<td>year-on-year<\/td>\n<td>4.1%<\/td>\n<td>6.8%<\/td>\n<td>6.4%<\/td>\n<td>5.1%<\/td>\n<td>2.9%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Small home<\/td>\n<td>R478 203<\/td>\n<td>R522 070<\/td>\n<td>R565 697<\/td>\n<td>R612 332<\/td>\n<td>R635 452<\/td>\n<\/tr>\n<tr>\n<td>year-on-year<\/td>\n<td>7.4%<\/td>\n<td>9.2%<\/td>\n<td>8.4%<\/td>\n<td>8.2%<\/td>\n<td>6.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p>This data shows that in most areas, South Africans can still expect to buy a medium-sized home, between 80-230 square metres, for around R1.1 million.<\/p>\n<p>Areas in Cape Town and Johannesburg&#8217;s wealthiest areas tend to skew this number, but even in these areas pricing is expected to settle within the next few years, said household and property sector strategist at FNB Home Loans, John Loos.<\/p>\n<p>\u201cWe believe that the time has come for the Western Cape\u2019s housing market to cool off, and indeed the gradually slowing average house price growth rate for that province appears to pointing to such a cooling off emerging,&#8221; he said.<\/p>\n<p>&#8220;This region\u2019s market is the most expensive in South Africa, with an average transaction price estimated at R1.437 million in the 2nd quarter of 2017, the next highest average price being that of Gauteng at an estimated R1.050 million.&#8221;<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Average-House-Price.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196022 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Average-House-Price.png\" alt=\"\" width=\"592\" height=\"388\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Average-House-Price.png 592w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Average-House-Price-300x197.png 300w\" sizes=\"auto, (max-width: 592px) 100vw, 592px\" \/><\/a><\/p>\n<p>Using this benchmark, BusinessTech looked at the types of homes you can buy in South Africa&#8217;s five largest cities &#8211; Durban, Cape Town, Johannesburg, Pretoria and Port Elizabeth.<\/p>\n<hr \/>\n<p><strong>Durban<\/strong><\/p>\n<p>5 bedroom house in Chatsworth &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/chatsworth\/durban\/kwazulu-natal\/6207\/105229941\" target=\"_blank\" rel=\"noopener\">R950,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Chatsworth.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196024 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Chatsworth.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Chatsworth.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Chatsworth-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>2 bedroom apartment in Morningside &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/morningside\/durban\/kwazulu-natal\/6021\/105545766\" target=\"_blank\" rel=\"noopener\">R980,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Morningside.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196028 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Morningside.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Morningside.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Morningside-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>2 bedroom apartment, in Sheffield Beach, Ballito &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/sheffield-beach\/ballito\/kwazulu-natal\/12809\/105447503\" target=\"_blank\" rel=\"noopener\">R980,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Ballito.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-196038\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Ballito.jpg\" alt=\"\" width=\"600\" height=\"392\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Ballito.jpg 932w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Ballito-300x196.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Ballito-768x502.jpg 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>1 bedroom apartment in Umhlanga Ridge &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/umhlanga-ridge\/umhlanga\/kwazulu-natal\/6383\/105411608\" target=\"_blank\" rel=\"noopener\">R930,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Umhlanga.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196044 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Umhlanga.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Umhlanga.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Umhlanga-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Cape Town<\/strong><\/p>\n<p>1 bedroom apartment in Muizenberg &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/muizenberg\/cape-town\/western-cape\/9025\/105395154\" target=\"_blank\" rel=\"noopener\">R820,000\u00a0<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Muizenberg.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196068 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Muizenberg.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Muizenberg.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Muizenberg-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>1 bedroom flat in Tyger Valley &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/tyger-valley\/bellville\/western-cape\/8227\/105507270\" target=\"_blank\" rel=\"noopener\">R850,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/1-bedroom-flat-Tyger-Valley.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196072 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/1-bedroom-flat-Tyger-Valley.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/1-bedroom-flat-Tyger-Valley.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/1-bedroom-flat-Tyger-Valley-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>2 bedroom apartment in Durbanville &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/sonstraal-heights\/durbanville\/western-cape\/9550\/105464208\" target=\"_blank\" rel=\"noopener\">R970,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Durbanville.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196074 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Durbanville.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Durbanville.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Durbanville-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Johannesburg<\/strong><\/p>\n<p>1 bedroom flat in Morningside &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/morningside\/sandton\/gauteng\/4258\/105483143\" target=\"_blank\" rel=\"noopener\">R975,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Morningside-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196062 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Morningside-1.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Morningside-1.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Morningside-1-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>3 bedroom house for sale in Kensington &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/kensington\/johannesburg\/gauteng\/4217\/105416140\" target=\"_blank\" rel=\"noopener\">R995,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Kensington.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-196064\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Kensington.jpg\" alt=\"\" width=\"600\" height=\"438\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Kensington.jpg 1006w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Kensington-300x219.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Kensington-768x560.jpg 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>3 bedroom house in Meyersdal &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/meyersdal\/alberton\/gauteng\/12770\/105404513\" target=\"_blank\" rel=\"noopener\">R850,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Meyersdal.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196066 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Meyersdal.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Meyersdal.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Meyersdal-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Pretoria\u00a0<\/strong><\/p>\n<p>3 bedroom house in Montana &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/montana\/pretoria\/gauteng\/3984\/105545083\" target=\"_blank\" rel=\"noopener\">R998,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Montana.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196046 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Montana.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Montana.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Montana-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>2 bedroom house in Equestria &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/equestria\/pretoria\/gauteng\/266\/105493385\" target=\"_blank\" rel=\"noopener\">R995,000\u00a0<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Equestria.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196048 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Equestria.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Equestria.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Equestria-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>2 bedroom \u00a0townhouse in Eldoraigne &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/eldoraigne\/centurion\/gauteng\/558\/105545118\" target=\"_blank\" rel=\"noopener\">R930,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Eldoraigne.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196058 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Eldoraigne.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Eldoraigne.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Eldoraigne-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Port Elizabeth\u00a0<\/strong><\/p>\n<p>2 bedroom apartment in Walmer &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/walmer\/port-elizabeth\/eastern-cape\/8341\/105312168\" target=\"_blank\" rel=\"noopener\">R990,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Walmer.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196050 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Walmer.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Walmer.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Walmer-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>3 bedroom house in Bluewater Bay &#8211; <strong><a href=\"https:\/\/www.property24.com\/for-sale\/bluewater-bay\/port-elizabeth\/eastern-cape\/7202\/105508918\" target=\"_blank\" rel=\"noopener\">R1,080,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Bluewater-Bay.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196052 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Bluewater-Bay.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Bluewater-Bay.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Bluewater-Bay-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><strong>1 bedroom apartment in Summerstrand &#8211; <a href=\"https:\/\/www.property24.com\/for-sale\/summerstrand\/port-elizabeth\/eastern-cape\/6958\/105452311\" target=\"_blank\" rel=\"noopener\">R1,000,000<\/a><\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Summerstrand.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-196054 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Summerstrand.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Summerstrand.jpg 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/09\/Summerstrand-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<hr \/>\n<p><em>All data and images sourced from <strong><a href=\"https:\/\/www.property24.com\/\" target=\"_blank\" rel=\"noopener\">Property24<\/a><\/strong>.\u00a0<\/em><\/p>\n<p><strong>Read:\u00a02<a href=\"https:\/\/businesstech.co.za\/news\/wealth\/195786\/2-cape-town-properties-just-smashed-the-record-for-rental-prices-in-south-africa\/\" target=\"_blank\" rel=\"noopener\"> Cape Town properties just smashed the record for rental prices in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report by FNB, the average house price across South Africa has increased in some segments by nearly 400% over the past fifteen years &#8211; here&#8217;s what a R1 million home looks like in Johannesburg, Cape Town, Durban, Pretoria and Port Elizabeth.<\/p>\n","protected":false},"author":10,"featured_media":196048,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-196014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/196014","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=196014"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/196014\/revisions"}],"predecessor-version":[{"id":199396,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/196014\/revisions\/199396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/196048"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=196014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=196014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=196014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}