Property and houses for sale in Johannesburg, Gauteng (2024)

Investing in property for sale in Johannesburg (GPS: 26°12′16″S / 28°2′44″E) puts investors at the epicentre of trade, business and a cosmopolitan urban lifestyles. As South Africa’s largest city, it is situated in the provincial capital of the country; Gauteng. This region is also home to the capital of SA in Pretoria. This is where you’ll find th...Read more

Investing in property for sale in Johannesburg (GPS: 26°12′16″S / 28°2′44″E) puts investors at the epicentre of trade, business and a cosmopolitan urban lifestyles. As South Africa’s largest city, it is situated in the provincial capital of the country; Gauteng. This region is also home to the capital of SA in Pretoria. This is where you’ll find the constitutional court, also very accessible from Johannesburg. This is also why it’s considered the wealthiest province in the country, largely thanks to its rich mining history and vigorous commerce.

Welcome to Johannesburg

Established in 1886, the area of Johannesburg was originally inhabited by indigenous San People. However, when gold was discovered in the Witwatersrand area in 1884 it lead to an influx of people descending to the area – which would become known as the Witwatersrand Gold Rush. With so many people coming in to get their fair share of the fortune, it became necessary to establish a government and name for the popular area.

What You Need To Know

This bustling city is governed by the City of Johannesburg Municipality. The CBD spans approximately 334.81km² while the Metro is 1,644.96km² - this size is due to the poor planning that went into the establishment of the town, as it was forced to grow rapidly during the Gold Rush. However, contemporary developers and urban planners have done a wonderful job of creating amazing residential spaces in between bustling centres of commerce and commute. The massive city used to be made up of eleven regions but now, since restructuring in 2006, properties in JHB are now divided into seven regions which are lettered A to G.

Region A (formerly region 1 and 2): Diepsloot, Midrand, Fourways, Sunninghill, Woodmead,

Region B (formerly region 3 and 4): Ward 90, Rosebank, Bryanston, Randburg,

Region C (formerly region 5): Bram Fischerville, Thulani, Florida,

Region D (formerly region 6 and 10): Soweto only

Region E (formerly region 7): Parkwood, Highlands North, Alexandra, Wynberg, Morningside

Region F (formerly 8 and 9): Glenvista, Ormonde, City Deep, Benrose, Kensington

Region G (formerly 11): Lenasia, Eldorado Park, Protea

Services and Amenities

Johannesburg is a thriving CBD that’s constantly on-the-grow. Since its inception, JHB has been the city that thousands of people call home. Therefore, residents have easy access to a host of services and amenities when investing in property in Gauteng and particularly the houses for sale in Johannesburg.

Hospitals

There are over 65 hospitals in Johannesburg and depending on the region that you’re living, you can find a collection of government and private medical facilities in and around JHB too. You’ll find that most of these are also easily accessible by both private and public transport. Helen Joseph Hospital, Selby Park, Netcare Rand, Yeoville, Westdene, Sandton and Sophiatown centres are just some of the facilities here. Additionally, there’s also support services dotted around the city, including day clinics, pharmacies, mental health facilities and ambulance services.

Schools

Many of the properties for sale in JHB are centrally located to a prosperous collection of schools. As the city is home to a diverse population of individuals, you can count on there being a government or private school to suit any budget or learning requirements here. Vuleka Primary, Bellavista, Parktown High, Torah Academy and Khomanani Primary are just some of the schools located in various regions of Johannesburg. Each institution boasts a safe and stimulating environment for the learners and employ nurturing and passionate educators.

Johannesburg is also home to some of the most prolific universities and often property investments in JHB are based upon their location to tertiary education facilities. The University of Witwatersrand (WITS) boasts several campuses across the city, depending on the area of studies you wish to follow. The University of Johannesburg (UJ) is also one of the most reputable facilities in the city, with many notable and influential people as part of their alumni. In addition, there are several independent, technical and online colleges in and around the city of Johannesburg too.

Shopping

This South African city is easily the shopping capital of the country. Home to the biggest mall on the continent – the Mall of Africa, and also boasting a number of high-end brand stores, such as Gucci. Notable malls include Sandton City, which is the focus point in this area that is also known as the richest mile and a half – named for the business transactions of a block of commercial property. The city of JHB is renowned for its retail and a shopping centres of a variety of sizes and offerings are readily available throughout the city regardless of where you choose to have your property investments.

Attractions

From lush, green parks to museums and monuments documenting prolific times in South African history, there’s a lot to see and experience in Johannesburg. As the perfect collection of wide open spaces and city-living, there’s a host of outdoor adventures waiting to be had. Hot air ballooning, water sports, abseiling and 4x4 tours are just some of the offerings in Johannesburg. This is why houses for sale here are so popular with growing families and young professionals alike.

The Property Market

Since the establishment of Johannesburg it has always been a sought-after destination, particularly for people in the corporate sector. This plays a huge role in influencing property prices in Gauteng. Houses still dominate the type of properties sold in Johannesburg, with an estimated value of approximately R 1 200 000 (as per date of publishing 2018), while apartment values are estimated at R 620 000 (as per date of publishing 2018). Today, the dominant age-range for current property owners in Johannesburg are people aged between 36 and 49. However, recent buyer’s statistics saw an increase in the 18 to 35 year old bracket, but was still dominated by the 36 to 49 age range.

The Profitable Province

Gauteng is one of the smallest but most powerful provinces in South Africa in terms of commercial punch. As the most populous province in the country, it’s been referred to as the City of Gold, attributing to its Gold Rush past. The oldest known fossils of humankind were found at the Sterkfontein Caves and the largest diamond ever mined are both products of Gauteng. Home to approximately 14 million people, it’s the fastest growing province in the country, making it a sought-after destination for those looking to invest in property.

However, property for sale in Johannesburg is not restricted to city-based dwellings. Many of the suburbs that interconnect Gauteng and Johannesburg boast beautiful homes, gated communities and apartments – while on the outskirts you can find small-holdings and vacant plots. With a network of easily accessible highways, getting around Gauteng is easy.

Become a Home-Owner

Whether you’re looking for your first piece of real estate or you’re a regular investor, property for sale in Johannesburg puts you in a prime position. Owning land in the busiest city of the country is an exceptional step into the property market here. Depending on your preferences, you can live in a high-rise apartment in Sandton, a beautiful home in Diepsloot or run a commercial business listing in Hyde Park – It’s the cosmopolitan city with a lot to offer. Enquire at your nearest RE/MAX agency about property for sale in Johannesburg.

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Property and houses for sale in Johannesburg, Gauteng (2024)

FAQs

Is it a good time to buy property in Johannesburg? ›

As of April 2024, interest rates were still at 11,75%, where they were a year ago. However, this still sits below the average of 13% - 15,5%. This means now's a good time to invest in property before the interest rates increase.

How much is the average house in Johannesburg? ›

Annual Sale and Listing Trends
YearNo. of SalesAvg. Asking Price
202114173R 1 320 000
202215094R 1 299 000
202313029R 1 350 000
20246321R 1 350 000
1 more row

Where is the cheapest place to live in Gauteng? ›

Randburg is home to some of the most affordable neighbourhoods in Gauteng, offering a great location and proximity to numerous arterials including the N1, Sandton and Midrand. Duane Butler, Manager for Seeff Randburg says the areas offer a broad range of property types and price points.

Which city is the cheapest to buy property in South Africa? ›

Cheapest Places to Buy Property in South Africa
  1. Eastern Cape. The Eastern Cape province offers several affordable options, particularly in towns and rural areas outside major cities like Port Elizabeth and East London. ...
  2. Free State. ...
  3. Northern Cape. ...
  4. Limpopo. ...
  5. Mpumalanga.

Is it wise to buy property now in South Africa? ›

Article summary. Property remains a safe and reliable investment as pent-up demand is unleashed in the wake of the lockdowns. Interest rates are still relatively low despite recent rate hikes, and we're still in a buyer's market. Healthy competition between banks ensures a high chance of home loan approval.

How much do you need to live comfortably in Johannesburg? ›

Summary of cost of living in Johannesburg, South Africa: A family of four estimated monthly costs are 2,383.8$ (43,457.2R) without rent. A single person estimated monthly costs are 676.4$ (12,330.4R) without rent.

How much money do I need to buy a house in South Africa? ›

The required deposit is usually 10% of the property price. Of course, the higher your deposit, the more you can afford to pay on a home loan. In other words, a high deposit will enable you to buy a more expensive property. Many first-time buyers opt for the 100% home loan, which removes the need for a deposit.

How much does a 4 room house cost in South Africa? ›

On average, the cost to build a 4-bedroom house in South Africa can range between ZAR 1.5 million to ZAR 4 million. However, it is important to note that these figures are approximate, and actual costs can vary significantly based on the factors mentioned earlier.

Is it cheaper to build a house or buy a house in South Africa? ›

Buying a home is cheaper but not for long

You have fewer maintenance issues. You don't have to pay administrative fees for the legal process of transferring a home from one owner to another. Building a new home provides tax benefits, such as the ability to claim depreciation over the next few years.

What are the disadvantages of living in Gauteng? ›

Living in Johannesburg Pros and Cons
Pros of Living in JohannesburgCons of Living in Johannesburg
Professional and economic opportunitiesHigh rates of violent crime
Higher salariesLimited outdoor activites
Buzzing city energy and cultural diversityExtreme weather conditions (however, many love the summer thunderstorms)
2 more rows
Dec 29, 2023

Which is the safest place in Gauteng? ›

The best areas to stay in Johannesburg are Rosebank, Melrose, and Sandton as these are some of the safest areas of the city and are very affluent.

Where do most expats live in Johannesburg? ›

Fourways, Lonehill and Sunninghill

This is the area where the most of the expats in Jo'burg live. It is full of gated estates, upmarket shopping centres, excellent schools and is around 8 miles from Sandton.

Where is the best place to live in South Africa for foreigners? ›

South Africa is a large and diverse country, but the majority of expats tend to make their way to the major cities of Johannesburg, Cape Town, Durban and Pretoria. These cities tend to be best for expats, because they have many more gated and secure housing complexes that make it safer for expats.

Is it cheaper to live in South Africa or the United States? ›

The USA is much more expensive than South Africa. The cost of groceries is 63.5% higher in the USA than in South Africa, rent is 76.1% higher, and general consumer prices (not including rent) are 54.8% higher.

Can I buy property in South Africa as a foreigner? ›

Purchasing a property in South Africa as a foreigner is allowed, but there are a few rules to keep in mind. Firstly, foreigners who wish to acquire property in South Africa need to have a valid passport and visa or residence permit (or any other type of endorsem*nt that allows them to stay in South Africa).

Is it a good time to buy a house in South Africa in 2024? ›

Experts predict interest rate cuts in 2024, making it a good time to apply for home loans. Competition between banks makes home loan approval more likely. Government subsidies such as First Home Finance make homeownership viable for first-time homebuyers with low income.

Are property prices dropping in South Africa? ›

House prices rose by a total of 8% in 2020 and 2021, amidst the Covid-19 pandemic. Yet when adjusted for inflation, prices actually declined by 1.1% over the same period. During 2022, nominal house prices rose by a modest 2.9% but fell by 4.28% in real terms.

Is it currently a buyers or sellers market in South Africa? ›

“We are experiencing more of a buyer's market in most parts of the country, but there are some areas, such as the Western Cape, that are better described as being a seller's market,” Goslett said. Property prices have remained flat, with FNB putting the annual average price growth for 2023 at just 1.5%.

Is investing in property in South Africa a good idea? ›

Another reason to invest in South Africa is the high level of liquidity. This means that you can sell your property at any time, and you will usually receive a good price for it. So, if you're thinking of investing in property, South Africa is a great place to do it.

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