{"id":680371,"date":"2023-04-16T15:00:17","date_gmt":"2023-04-16T13:00:17","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=680371"},"modified":"2023-04-14T16:29:13","modified_gmt":"2023-04-14T14:29:13","slug":"what-r12000-per-month-gets-you-in-joburg-vs-cape-town-durban-gqeberha-and-more","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/680371\/what-r12000-per-month-gets-you-in-joburg-vs-cape-town-durban-gqeberha-and-more\/","title":{"rendered":"What R12,000 per month gets you in Joburg vs Cape Town, Durban, Gqeberha and more"},"content":{"rendered":"

In light of recent rate hikes from the South African Reserve Bank (SARB), buying a house has become increasingly more expensive.<\/p>\n

As a result, more people may turn to rent instead. According to property firm Rode’s latest report for the first quarter of 2023, vacancy rates for apartments average 6.8% – unchanged from the final quarter of 2022.<\/p>\n

Rode reported that this is better than the 8.3% average of 2022. However, vacancy rates are still slightly above the 5.3% average recorded in the three years from 2017 to 2019 that preceded the pandemic.<\/p>\n

“On a regional level, the Western Cape continues to stand out with its low flat vacancy rate of 2%, down further from 3.2% in the fourth quarter of 2022 and well below the national average,” reported the property firm.<\/p>\n

“In contrast, Gauteng (flats in Johannesburg and Pretoria) saw its vacancy rate worsen to 10.1% from 8.2%. KwaZulu-Natal\u2019s vacancy rate also worsened to 14% from 10.8%.”<\/p>\n

Rode noted, however, that, all in all, house prices and rentals are still declining in real terms in most parts of the country.<\/p>\n

According to the group, these are the average monthly rental prices for a bachelor, 1-bedroom, 2-bedroom and 3-bedroom flat in major cities:<\/p>\n

\n

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

\n
\n\n\n\n\n\n\n
Size<\/th>\nStandard<\/th>\nUpmarket<\/th>\n<\/tr>\n
Bachelor<\/td>\nR4 706<\/td>\nR5 412<\/td>\n<\/tr>\n
One bedroom<\/td>\nR5 409<\/td>\nR6 219<\/td>\n<\/tr>\n
Two bedroom<\/td>\nR6 508<\/td>\nR7 585<\/td>\n<\/tr>\n
Three bedroom<\/td>\nR7 980<\/td>\nR9 585<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Polokwane<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n
Size<\/th>\nStandard<\/th>\nUpmarket<\/th>\n<\/tr>\n
Bachelor<\/td>\nR3 390<\/td>\n–<\/td>\n<\/tr>\n
One bedroom<\/td>\nR3 700<\/td>\n–<\/td>\n<\/tr>\n
Two bedroom<\/td>\nR5 100<\/td>\n–<\/td>\n<\/tr>\n
Three bedroom<\/td>\nR6 400<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

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

\n
\n\n\n\n\n\n\n
Size<\/th>\nStandard<\/th>\nUpmarket<\/th>\n<\/tr>\n
Bachelor<\/td>\nR4 182<\/td>\n–<\/td>\n<\/tr>\n
One bedroom<\/td>\nR5 997<\/td>\n–<\/td>\n<\/tr>\n
Two bedroom<\/td>\nR7 488<\/td>\n–<\/td>\n<\/tr>\n
Three bedroom<\/td>\nR8 277<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

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

\n
\n\n\n\n\n\n\n
Size<\/th>\nStandard<\/th>\nUpmarket<\/th>\n<\/tr>\n
Bachelor<\/td>\nR6 612<\/td>\nR8 950<\/td>\n<\/tr>\n
One bedroom<\/td>\nR7 934<\/td>\nR10 594<\/td>\n<\/tr>\n
Two bedroom<\/td>\nR9 989<\/td>\nR13 635<\/td>\n<\/tr>\n
Three bedroom<\/td>\nR9 200 – R30 500*<\/td>\nR12 000 – R51 000*<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

* limited sample<\/em><\/p>\n

\n

Stellenbsoch<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n
Size<\/th>\nStandard<\/th>\nUpmarket<\/th>\n<\/tr>\n
Bachelor<\/td>\nR7 625<\/td>\n–<\/td>\n<\/tr>\n
One bedroom<\/td>\nR10 875<\/td>\n–<\/td>\n<\/tr>\n
Two bedroom<\/td>\nR12 350<\/td>\n–<\/td>\n<\/tr>\n
Three bedroom<\/td>\nR15 500<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Gqerberha<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n
Size<\/th>\nStandard<\/th>\nUpmarket<\/th>\n<\/tr>\n
Bachelor<\/td>\nR3 800<\/td>\n–<\/td>\n<\/tr>\n
One bedroom<\/td>\nR4 470<\/td>\n–<\/td>\n<\/tr>\n
Two bedroom<\/td>\nR5 330<\/td>\n–<\/td>\n<\/tr>\n
Three bedroom<\/td>\nR6 200<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Bloemfontein<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n
Size<\/th>\nStandard<\/th>\nUpmarket<\/th>\n<\/tr>\n
Bachelor<\/td>\nR3 200<\/td>\n–<\/td>\n<\/tr>\n
One bedroom<\/td>\nR3 844<\/td>\n–<\/td>\n<\/tr>\n
Two bedroom<\/td>\nR4 525<\/td>\n–<\/td>\n<\/tr>\n
Three bedroom<\/td>\nR5 943<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

While samples of upmarket apartments and flats are far and few in between, there are these types of units available in the respective price ranges.<\/p>\n

BusinessTech looked at what R12,000 – the average price for a sizeable upmarket unit in Cape Town and Joburg – gets you across the country:<\/p>\n

\n

Pretoria<\/strong><\/p>\n

2 Bedroom Apartment\/ Flat to rent in the Hills Game Reserve Estate – R11,100<\/a><\/strong><\/p>\n

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

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2 Bedroom Apartment to Rent in Waterkloof Ridge – R12,500<\/a><\/strong><\/p>\n

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

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

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

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

\n

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

2 Bedroom House to rent in Melville – R11,500<\/a><\/strong><\/p>\n

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

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

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2 Bedroom Apartment to rent in Craighall – R11,500<\/a><\/strong><\/p>\n

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

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\n

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

2.5 Bedroom Apartment to rent in Morningside – R12,000<\/a><\/strong><\/p>\n

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

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2 Bedroom Apartment to rent in New Town Centre – R11,900<\/a><\/strong><\/p>\n

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

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\n

Gqeberha<\/strong><\/p>\n

2 Bedroom Apartment for rent in Summerstrand – R11,500<\/a><\/strong><\/p>\n

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

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

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

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3 Bedroom Townhouse to rent in Morningside – R11,235<\/a><\/strong><\/p>\n

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

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

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

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\n

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

1 Bedroom Apartment in Woodstock – R12,000<\/a><\/strong><\/p>\n

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

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

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1 Bedroom Apartment to rent in Mouille Point – R11,750<\/a><\/strong><\/p>\n

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\n

Read: What a R5 million gets you in South Africa \u2013 Joburg vs Cape Town, Durban, Gqeberha and more<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In light of recent rate hikes from the South African Reserve Bank (SARB), buying a house has become increasingly more expensive. As a result, more people may turn to rent instead. According to property firm Rode’s latest report for the first quarter of 2023, vacancy rates for apartments average 6.8% – unchanged from the final<\/p>\n","protected":false},"author":10,"featured_media":680547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26],"class_list":["post-680371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/680371","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=680371"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/680371\/revisions"}],"predecessor-version":[{"id":680613,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/680371\/revisions\/680613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/680547"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=680371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=680371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=680371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}