At Leadhome, we believe it’s critical to have the latest property growth and sales data at our fingertips to ensure our clients have the most up-to-date knowledge of what’s going on in the Joburg real estate industry. That’s why we created Leadhome University, our groundbreaking research & innovation unit responsible for analysing all aspects of the Joburg property market. Our advanced analysis ensures that all our agents understand the latest trends of each suburb – even each street – to enable us to provide our clients with the best advice possible!
So, what’s happening in your suburb?
In the heatmap below we have visually mapped the average property sales value of the majority of suburbs in greater Joburg as at 31 December 2015. By zooming in on the heatmap, and clicking on your suburb, you can find out what the average property sales value is for your suburb. For instance, you will see that the average property sales value in Douglasdale was R1,326,603 at year end, whilst the average in Hyde Park was R5,066,357.
Find out now what the average sales value of a property in your suburb is!
Top 20 most expensive and least expensive suburbs in Joburg
Naturally, you must be wondering what the most expensive and least expensive suburbs in Joburg are. And of course we wouldn’t leave you cold!
The most expensive area in Joburg is the venerated old suburb of Westcliff. Known as the home of CEOs, mining magnates, and banking scions, the average property in Westcliff comes with a hefty price tag of R9 million! In second place is Sandhurst at R8.6 million, and rounding out the top 3 is Hurlingham – trumping Wierda Valley with a mere R50,000 – with an average price tag of R7.1 million.
At the other end of the spectrum is Devland (Johannesburg South) with an average sales price of R132,400 per property. Central Johannesburg rounds out spots number 2 and 3, with Hillbrow the second least expensive area to buy a property at R180,667 and Berea at R214,575.
What does this mean for you?
Notwithstanding challenging economic conditions, Joburg remains an exciting area in which to consider either buying or selling a property. Leadhome’s expert agents, backed by our market-leading data and technology, gives our clients the edge by leveraging our knowledge and systems to get the best possible result on the sale of your property. If you’re interested in selling your property, we would be delighted to provide you with a free, no obligation valuation on your property. Contact Leadhome today to see how much we can save you!
