Gauteng's popular rental areas and what you'll pay
Category Rentals
The greater Johannesburg/Pretoria rental market continues to perform well.
Although there are still some challenges, the market has stabilised following the crisis period resulting from the Covid-19 lockdowns where many people experienced financial distress, says Samuel Seeff, chairman of the Seeff Property Group.
Generally, as with most rental markets, Seeff says the rental markets in the metros remain competitive, and landlords need to note the importance of pricing correctly for the market to avoid the risk of the property remaining vacant.
He says working with credible and experienced rental agents is also vital to minimise the risks associated with poor tenant selection, rental prices that are set too high for the market and vacancies.
Below Seeff's experts elaborate on the popular rental areas:
The Sandton, Fourways and Midrand areas are among the most in-demand rental areas as these are home to many business and commercial nodes as well as the Sandton and Fourways CBD areas. The areas offer a fabulous lifestyle with access to amenities, leisure facilities and top-class schools including many private schools, says Charles Vining, MD for Seeff Sandton
"The greater Sandton area, therefore, boasts a dynamic and high demand rental market. Rental rates tend to vary depending on the suburb and type of property, but those in the R7 000 to R12 000 per month range are most in demand.
Apartments around Norwood, Craighall, Killarney and Saxonwold are available from around R7 500 for a one-bed unit. Expect to pay upwards of R8 500 per month for a one-bed unit in areas such as Parktown, Houghton and Rosebank.
New developments, however, are priced upwards of around R18 000 per month for one bed depending on the area and what the development offers. New two-bed apartments from around R27 400 per month in Rosebank and R28 000 in Dunkeld West. Currently also have new penthouses in Rosebank from around R92 700 per month at the top end of the apartment market, explains Vining.
"Houses from around R23 000 in Parkhurst and a townhouse in Sandown for R36 000. Luxury houses tend to range upwards of R40 000 to R50 000 per month in areas such as Hurlingham, Bryanston, Sandhurst and so on. Top-end homes on the market currently range from R62 000 per month in Atholl, R80 000 in Morningside, R90 000 in Hyde Park and R195 000 in Sandhurst.
Midrand is renowned for its affordability with rentals ranging from around R6 000 to R12 000 per month on average for apartments. Houses in the Midrand area can range from around R8 000 on average with top-end homes reaching rates of around R25 000 to R40 000.
Full article: 7 of Gauteng's popular rental areas and what you'll pay
Author: 1532
Beyond your expectation