Find out actual data about & Safety Index in Welkom, South Africa
| Index | |
|---|---|
| Price to Income Ratio | 3.21 |
| Mortgage as Percentage of Income | 36.61% |
| Loan Affordability Index | 2.73 |
| Price to Rent Ratio – City Centre | 9.81 |
| Price to Rent Ratio – Outside of Centre | 8.89 |
| Gross Rental Yield (City Centre) | 10.19% |
| Gross Rental Yield (Outside of Centre) | 11.25% |
| country data (source The World Bank, 2021) | |
| GDP Per Capita ($) | 12,482.00 |
| GDP Growth Rate | 0.06% |
| Population Growth Rate | 0.95% |
Rent Per Month in South Africa
| Apartment (1 bedroom) in City Centre | 431.4$ | 255.3$ – 794.26$ |
| Apartment (1 bedroom) Outside of Centre | 353.93$ | 226.93$ – 510.59$ |
| Apartment (3 bedrooms) in City Centre | 810.73$ | 510.59$ – 1418.31$ |
| Apartment (3 bedrooms) Outside of Centre | 710.13$ | 482.23$ – 1134.65$ |
Buy Apartment Price in South Africa
| Price per Square Meter to Buy Apartment in City Centre | 941.69$ | 453.86$ – 2224.77$ |
| Price per Square Meter to Buy Apartment Outside of Centre | 721.7$ | 442.51$ – 1418.31$ |
Salaries And Financing in South Africa
| Average Monthly Net Salary (After Tax) | 1295.59$ | 0$ – 0$ |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.78$ | 7.2$ – 12$ |
These data are based on 3659 entries in the past 26 months from 347 different contributors.
Last update: August 2023
Our data for each country is based on all entries from all cities in that country.
Property Prices in Welkom in 2023 and 2024 Prediction
Housing costs are an important factor for quality of life in Welkom. According to statistics, the average price per square meter of property in Welkom is around 941$
in the city center and 353$ in outskirts. Rental prices for a one-bedroom apartment in the city center average 431$ per month.
Property price growth has stabilized in recent years, making housing similarly affordable. Rental yields range from 3%.
While carrying some premium over national averages, overall housing in Welkom remains reasonably priced compared to similar sized cities globally.
This increases disposable income and cost of living for residents.
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