Take a look at what R12,000 a month gets you in South Africa – Joburg vs Pretoria, Durban, Cape Town and Gqeberha

[BusinessTech]

Take a look at what R12,000 a month gets you in South Africa – Joburg vs Pretoria, Durban, Cape Town and Gqeberha

Recent rate hikes are turning away new homebuyers, making more people considering renting - here's what you can get.

 

[RonSwanson]

They all look the same to me, but vastly different once you step outside.

I will also never, ever pay that sum of money every month for rent.

If it has to be in Walmer, PE, I would consider this, and pay it off in less than 11 years https://www.property24.com/for-sale/walmer/port-elizabeth/eastern-cape/8341/112248344

Far better suburbs exist though, like Mount Pleasant, Lovemore Park / Heights and Theescombe.

 

[RedViking]

Problem with the rental market is that it is mostly controlled by you oily slithery snakes.

 

[StrongestAvenger]

Braamfontein. Enjoy your daily smash&grabs while commuting to and from work

 

[gregmcc]

1 Bedroom Apartment / Flat to Rent in Brooklyn – R12,000

 

[Grieta Thanburg]

Braamfontein. Enjoy your daily smash&grabs while commuting to and from work

@epah approved as it's BMW

 

[icarusza]

I'm not sure buying is better than renting in this market. That 12k rent often covers rates outside of electricity. Most maintenance costs also covered by landlord. Can easily work out better to invest what you would have spent on buying.

But buying does give you a sense of freedom - not having to deal with a landlord is great.

 

[dualmeister]

Thank goodness I have never paid a single cent of rent to anyone ever

 

[grok]

Still one of the best reasons for renting is they cannot expropriate without compensation what you don't own..