{"id":52584,"date":"2014-02-07T14:55:37","date_gmt":"2014-02-07T12:55:37","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=52584"},"modified":"2014-02-07T15:10:28","modified_gmt":"2014-02-07T13:10:28","slug":"most-expensive-suburbs-in-joburg","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/52584\/most-expensive-suburbs-in-joburg\/","title":{"rendered":"Most expensive suburbs in Joburg"},"content":{"rendered":"

Data published by\u00a0data analytics firm Lightstone<\/a> finds\u00a0Westcliff to be Johannesburg’s most affluent suburb, with an average house price reaching\u00a0R8.44 million.<\/p>\n

Lighstone points out that the top five suburbs in Joburg in terms of having the highest average property price are all located in the north of the city.<\/p>\n

Astonishingly, only 52% of the homes in Westcliff are bonded, however this area ranks behind nearby Sandhurst, where the average property comes in at\u00a0R6.95 million, and where only 50% of the homes are financed.<\/p>\n

Top 5 suburbs ranked by average value<\/h3>\n
\n\n\n\n\n\n\n\n
Suburb<\/strong><\/td>\nCity<\/strong><\/td>\nProportion Bonded <\/strong><\/td>\nAverage Value
\n<\/strong><\/td>\n<\/tr>\n
Westcliff<\/td>\nJohannesburg<\/td>\n52%<\/td>\nR8.44 million<\/td>\n<\/tr>\n
Dunkeld<\/td>\nJohannesburg<\/td>\n58%<\/td>\nR6.98 million<\/td>\n<\/tr>\n
Sandhurst<\/td>\nSandton<\/td>\n50%<\/td>\nR6.95 million<\/td>\n<\/tr>\n
Atholl<\/td>\nSandton<\/td>\n58%<\/td>\nR5.31 million<\/td>\n<\/tr>\n
Hurlingham<\/td>\nSandton<\/td>\n57%<\/td>\nR5.25 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Recent research conducted by consultation firm, New World Wealth (NWW) found that Camps Bay in Cape Town is home to the most properties with a value exceeding US$2 million in South Africa, with 155 \u2013 followed by Knysna on the Garden Route, with 133 properties, and Sandhurt, in Johannesburg, with 127.<\/p>\n

According to NW Wealth research, the price of prime property in Cape Town (Bantry Bay, Clifton) is valued at US$6,500 per square meter in 2013, whilst prime Johannesburg (Sandton) property is valued at US$2,400 per square meter.<\/p>\n

More on South Africa’s rich<\/h3>\n

The richest city in South Africa<\/strong><\/a><\/p>\n

Where South Africa\u2019s rich live<\/strong><\/a><\/p>\n

Cities with the most millionaires<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New data finds Westcliff to be Johannesburg’s most affluent suburb, with an average house price reaching R8.44 million.<\/p>\n","protected":false},"author":10,"featured_media":40438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,7421],"class_list":["post-52584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-lightstone"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52584","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=52584"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52584\/revisions"}],"predecessor-version":[{"id":52877,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52584\/revisions\/52877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/40438"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=52584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=52584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=52584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}