{"id":231657,"date":"2018-03-14T18:00:24","date_gmt":"2018-03-14T16:00:24","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=231657"},"modified":"2018-03-14T17:13:21","modified_gmt":"2018-03-14T15:13:21","slug":"this-is-the-average-house-price-in-south-africas-hottest-suburbs-including-umhlanga-soweto-sandton-and-blouberg","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/231657\/this-is-the-average-house-price-in-south-africas-hottest-suburbs-including-umhlanga-soweto-sandton-and-blouberg\/","title":{"rendered":"The average house price in South Africa’s hottest suburbs including Umhlanga, Soweto, Sandton and Blouberg"},"content":{"rendered":"

Online property start-up Property Fox has published its second annual Virtual Reality Report for 2017, which takes a closer look at consumer sentiment around neighbourhoods in South Africa’s biggest cities, and what is driving trends around property in those areas.<\/p>\n

The report tracks posts and comments from 60,000 social media accounts to determine sentiment and trends on areas in Cape Town, Johannesburg and Durban.<\/p>\n

By looking at things like tags and mentions of specific regions – such as which places are most tagged in photos, or which restaurants and bars are most mentioned – the group was able to determine which neighbourhoods and suburbs are currently the trendiest places to be.<\/p>\n

The group then integrates property data with these metrics, showing how property prices and property types compare from area to area.<\/p>\n

Cape Town was found to be the most popular city, followed by Johannesburg and Durban. These were the most popular suburbs in the country:<\/p>\n

    \n
  1. Camps Bay<\/li>\n
  2. Hout Bay<\/li>\n
  3. Umhlanga<\/li>\n
  4. Sea Point<\/li>\n
  5. Bloubergstrand<\/li>\n
  6. Sandton<\/li>\n
  7. Simonstown<\/li>\n
  8. Soweto<\/li>\n
  9. Sunningdale<\/li>\n
  10. Constantia<\/li>\n<\/ol>\n

    Property Fox said its data showed that there has been a rise in interest in outlying areas from cities, beyond the ‘traditionally favoured’ suburbs.<\/p>\n

    Co-founder Crispin Inglis said that this could be driven by the economic downturn, which means people may be looking at property as a longer-term investment.<\/p>\n

    “Instead of buying a smaller place in a trendy suburb then moving in a few years when a bigger house is desired, people are looking to reduce transfer fees and the other costs of a sale by purchasing a larger home in a more affordable area from the get go,” he said.<\/p>\n

    “With property prices in city centres soaring \u2013 in Cape Town especially \u2013 many are moving to quieter hoods still within easy commute to the bustling epicentres.”<\/p>\n

    In areas like Soweto, the property price boom seen there could be due to urbanisation, the rise of the black middle class, and young professionals moving back to Soweto from the suburbs because they miss its upbeat edge, Property Fox said.<\/p>\n

    This is how house prices and sectional title prices have changed between 2016 and 2017 in the most popular areas in South Africa’s top three cities, according to Property Fox.<\/p>\n

    [ST = Sectional Title | FH = Freehold property]<\/em><\/p>\n

    \n

    Cape Town<\/strong><\/p>\n

    \"\"<\/a><\/p>\n

    \n
    \n\n\n\n\n\n\n
    #<\/th>\nArea<\/th>\n2016 price<\/th>\n2017 price<\/th>\n% change<\/th>\n<\/tr>\n
    1<\/td>\nCamps Bay\u00a0(ST)<\/td>\nR7.9 million<\/td>\nR9.7 million<\/td>\n+22.8%<\/td>\n<\/tr>\n
    2<\/td>\nHout Bay\u00a0(ST)<\/td>\nR1.7 million<\/td>\nR1.85\u00a0million<\/td>\n+8.8%<\/td>\n<\/tr>\n
    3<\/td>\nSea Point\u00a0(ST)<\/td>\nR2.8 million<\/td>\nR3.3\u00a0million<\/td>\n+17.5%<\/td>\n<\/tr>\n
    4<\/td>\nBlouberg (ST)<\/td>\nR1.3 million<\/td>\nR1.45\u00a0million<\/td>\n+11.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

    Cape Town alternatives<\/strong><\/p>\n

    \n
    \n\n\n\n\n\n\n
    #<\/th>\nArea<\/th>\n2016 price<\/th>\n2017 price<\/th>\n% change<\/th>\n<\/tr>\n
    1<\/td>\nBo-Kaap (FH)<\/td>\nR1.7 million<\/td>\nR2.38 million<\/td>\n+40.0%<\/td>\n<\/tr>\n
    2<\/td>\nObservatory\u00a0(FH)<\/td>\nR1.95\u00a0million<\/td>\nR2.28\u00a0million<\/td>\n+16.9%<\/td>\n<\/tr>\n
    3<\/td>\nWoodstock\u00a0(FH)<\/td>\nR1.95\u00a0million<\/td>\nR2.11\u00a0million<\/td>\n+8.2%<\/td>\n<\/tr>\n
    4<\/td>\nMowbray\u00a0(FH)<\/td>\nR2.33\u00a0million<\/td>\nR2.67\u00a0million<\/td>\n+14.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

    West Coast<\/strong><\/p>\n

    \n
    \n\n\n\n\n\n\n
    #<\/th>\nArea<\/th>\n2016 price<\/th>\n2017 price<\/th>\n% change<\/th>\n<\/tr>\n
    1<\/td>\nBloubergstrand (ST)<\/td>\nR3.8 million<\/td>\nR4.3\u00a0million<\/td>\n+13.2%<\/td>\n<\/tr>\n
    2<\/td>\nSunningdale (ST)<\/td>\nR1.74\u00a0million<\/td>\nR1.8\u00a0million<\/td>\n+3.8%<\/td>\n<\/tr>\n
    3<\/td>\nMelkbosstrand (FH)<\/td>\nR3.1\u00a0million<\/td>\nR2.9\u00a0million<\/td>\n-6.5%<\/td>\n<\/tr>\n
    4<\/td>\nMilnerton (FH)<\/td>\nR1.42\u00a0million<\/td>\nR1.59\u00a0million<\/td>\n+12.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
    \n

    Johannesburg<\/strong><\/p>\n

    \"\"<\/a><\/p>\n

    \n
    \n\n\n\n\n\n\n
    #<\/th>\nArea<\/th>\n2016 price<\/th>\n2017 price<\/th>\n% change<\/th>\n<\/tr>\n
    1<\/td>\nSandton (FH)<\/td>\nR2.75\u00a0million<\/td>\nR2.8 million<\/td>\n+1.8%<\/td>\n<\/tr>\n
    2<\/td>\nSoweto (FH)<\/td>\nR315 000<\/td>\nR320 000<\/td>\n+1.6%<\/td>\n<\/tr>\n
    3<\/td>\nRandburg (FH)<\/td>\nR1.64\u00a0million<\/td>\nR1.65\u00a0million<\/td>\n+0.5%<\/td>\n<\/tr>\n
    4<\/td>\nBraamfontein (ST)<\/td>\nR465 000<\/td>\nR475 000<\/td>\n+2.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

    Johannesburg alternatives<\/strong><\/p>\n

    \n
    \n\n\n\n\n\n\n
    #<\/th>\nArea<\/th>\n2016 price<\/th>\n2017 price<\/th>\n% change<\/th>\n<\/tr>\n
    1<\/td>\nCenturion (FH)<\/td>\nR1.62\u00a0million<\/td>\nR1.65\u00a0million<\/td>\n+2.2%<\/td>\n<\/tr>\n
    2<\/td>\nFourways (FH)<\/td>\nR2.35\u00a0million<\/td>\nR2.3\u00a0million<\/td>\n-2.1%<\/td>\n<\/tr>\n
    3<\/td>\nMaboneng\/Jeppestown (FH)<\/td>\nR695 000<\/td>\nR680 000<\/td>\n-2.2%<\/td>\n<\/tr>\n
    4<\/td>\nMidrand (FH)<\/td>\nR630 000<\/td>\nR680 000<\/td>\n+7.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

    Soweto<\/strong><\/p>\n

    \n
    \n\n\n\n\n\n\n
    #<\/th>\nArea<\/th>\n2016 price<\/th>\n2017 price<\/th>\n% change<\/th>\n<\/tr>\n
    1<\/td>\nDube (FH)<\/td>\nR460 000<\/td>\nR355 000<\/td>\n-29.0%<\/td>\n<\/tr>\n
    2<\/td>\nDiepkloof (FH)<\/td>\nR780 000<\/td>\nR775 000<\/td>\n-0.6%<\/td>\n<\/tr>\n
    3<\/td>\nMeadowlands East Z1 (FH)<\/td>\nR270 000<\/td>\nR350 000<\/td>\n+29.6%<\/td>\n<\/tr>\n
    4<\/td>\nMoroka (FH)<\/td>\nR415 000<\/td>\nR460 000<\/td>\n+10.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
    \n

    Durban<\/strong><\/p>\n

    \"\"<\/a><\/p>\n

     <\/p>\n

    \n
    \n\n\n\n\n\n\n\n
    #<\/th>\nArea<\/th>\n2016 price<\/th>\n2017 price<\/th>\n% change<\/th>\n<\/tr>\n
    1<\/td>\nUmhlanga (FH)<\/td>\nR4.9 million<\/td>\nR4.8 million<\/td>\n-2.0%%<\/td>\n<\/tr>\n
    2<\/td>\nBallito (FH)<\/td>\nR2.8 million<\/td>\nR2.9 million<\/td>\n+3.6%<\/td>\n<\/tr>\n
    3<\/td>\nPinetown (FH)<\/td>\nR982 000<\/td>\nR1.25 milliom<\/td>\n+27.0%<\/td>\n<\/tr>\n
    4<\/td>\nAmanzimtoti (FH)<\/td>\nR700 000<\/td>\nR700 000<\/td>\n0%<\/td>\n<\/tr>\n
    4<\/td>\nPort Shepstone (FH)<\/td>\nR770 000<\/td>\nR899 000<\/td>\n+16.75%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
    \n

    Read:\u00a0Here\u2019s why now might be a good time to buy property in George and Plettenberg Bay<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Online property start-up Property Fox has published its second annual Virtual Reality Report for 2017, which takes a closer look at consumer sentiment around neighbourhoods in South Africa’s biggest cities, and what is driving trends around property in those areas.<\/p>\n","protected":false},"author":10,"featured_media":160581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26,12929],"class_list":["post-231657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline","tag-property-fox"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/231657","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=231657"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/231657\/revisions"}],"predecessor-version":[{"id":231779,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/231657\/revisions\/231779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/160581"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=231657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=231657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=231657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}