The city’s booming property market shows no sign of slowing down as the year draws to a close.

Statistics reveal that the spike in property valuation is directly linked to the semigration which is currently underway, attracting well-heeled compatriots from upcountry and abroad to Cape Town, where property is being snapped up and adding to the upward trend. The rise of luxury apartments and letting of Airbnb properties are symptoms of the bubble.

However, a comparison of Cape Town’s most affordable suburbs has recently been released, highlighting the areas where would-be homeowners may consider purchasing their first home. The median prices below reflect the average property price in these suburbs in 2017.

Cape Town affordable property suburbs

 

Data gathered by FNB show Cape Town property prices across the board have increased on average by 80% since 2010. Since that time, Joburg’s growth was recorded at 36% and Durban at 30%. Meanwhile, the Cape’s South Peninsula (Fish Hoek and surrounds) has seen a spike of over 400% over the past five years.

Private Property released a report on the average house and complex valuation in Cape Town’s most affordable suburbs:

Cape Flats

Median Property Prices in Khayelitsha

  • House: R375,000
  • Complex: R524,000

Median Property Prices in Mitchells Plain

  • House: R590,000
  • Complex: R575,100

Median Property Prices in Blue Downs

  • House: R629,000
  • Flat: R430,000
  • Complex: R619,000

Buh-Rein

Median Property Prices in Buh-Rein

  • House: R1,699,900
  • Flat: R859,900
  • Complex: R1,699,900

Kuilsriver

Median Property Prices in Eersterivier

  • House: R675,000
  • Complex: R815,000

Median Property Prices in Kuilsriver

  • House: R1,390,000
  • Flat: R579,000
  • Complex: R960,000

Kraaifontein

Median Property Prices in Kraaifontein Central

  • House: R1,199,000
  • Flat: R665,000
  • Complex: R1,005,000

Median Property Prices in Langeberg Ridge

  • House: R1,950,000
  • Flat: R1,493,036
  • Complex: R2,372,000

Goodwood

Median Property Prices in Goodwood

  • House: R1,787,500
  • Flat: R649,997
  • Complex: R1,250,000

Tableview and Blouberg

Median Property Prices in Burgundy Estate

  • House: R2,600,000
  • Flat: R1,100,000
  • Complex: R1,950,000

Median Property Prices in Parklands

  • House: R1,799,900
  • Flat: R767,500
  • Complex: R1,175,000

Median Property Prices in Tableview

  • House: R2,199,500
  • Flat: R2,300,000
  • Complex: R1,370,000

Median Property Prices in Sunningdale

  • House: R2,580,000
  • Complex: R2,112,000

Brackenfell

Median Property Prices in Brackenfell Central

  • House: R1,915,200
  • Flat: R875,000
  • Complex: R1,395,000

Median Property Prices in Protea Heights

  • House: R2,077,465
  • Flat: R920,000
  • Complex: R1,275,000

Durbanville

Median Property Prices in Durbanville Central

  • House: R3,639,500
  • Flat: R1,399,000
  • Complex: R2,562,500

Southern Suburbs

Median Property Prices in Plumstead

  • Houses: R2,600,000
  • Flats: R1,360,000
  • Complexes: R1,495,000

Median Property Prices in Wynberg

  • Houses: R2,972,500
  • Flats: R1,595,000
  • Complex: R1,495,000

False Bay

Median Property Prices in Fish Hoek

  • Houses: R2,575,000
  • Flats: R1,790,000
  • Complex: R1,850,000

City Bowl

Median Property Prices in Woodstock

  • House: R2 595 000
  • Flat: R1 947 500
  • Complex: R2 145 000

 

Photography Justin Williams

Article written by

Justin Williams

Justin Williams is a born-and-bred Capetonian with a flair for writing. His icons include the late South African authors Lawrence Green, Eric Rosenthal and T.V. Bulpin, literary figures who continuously inspire him to cover the avenues of lifestyle, travel and nature in a local context. When Justin's not covering a story, he can be found in the mountains - he's a renowned wild food forager and is currently learning herbalism.