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What you will pay for property in Durban's most popular suburbs

Private Property data reveals that there is strong interest from buyers in suburbs across the city. Here are the most popular suburbs and the property prices in them.
Durban was recently voted the South African city with highest quality of living in Mercer’s 20th annual Quality of Living Ranking. Although those who live in Joburg and Cape Town may vehemently disagree with the study, most Durbanites wouldn’t swap the coastal city for anywhere else in the country. Besides the enviable coastal lifestyle, Durban has a property market that has something for everyone, with a selection of properties spread across a range of different suburbs.

According to Private Property data for April, the median price of a property in Durban was R1,695,000, a 7% change when compared to a year ago.

The data also revealed the most popular suburbs for property shoppers in the city in April. We measure the most popular suburbs by looking at the number of views per sales listing on our website. The price data reflects the median asking price for properties in the suburb as listed on the Private Property website in the same month.

Property buyers were searching for property in suburbs across the city and at different prices, which indicates that there is a good level of interest right across the market. The reasons for their popularity range from security, amenities in the area, proximity to business hubs, good schools in the area and the selection of properties available.

Below is a list of the 20 most popular suburbs on Private Property in April 2018


most popular suburbs in durban - tableThe 20 most popular suburbs in Durban


Detailed price data for the 10 most popular suburbs in Durban


1. Malvern


Affordability and ease of access are two of the main factors driving property demand in this popular area.


House: R1,600,000
Flat: R860,000
Complex: R1,295,000

A typical property in Malvern is a three bedroom house, with a median asking price of R1,350,000. The monthly repayment on this home would be R11,725 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.

2. Durban North


Great schools, a terrific location and a superb choice of property are all factors which have been drawing buyers to Durban North for years.


House: R4,547,500
Flat: R1,850,000
Complex: R2,585,000

A typical property in Durban North is a four bedroom house, with a median asking price of R4,750,000. The monthly repayment on this home would be R41,255 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.

altTextDurban North is a popular suburb for families and young professionals

3. New Germany


Located close to employment in industrial areas, good schools and the commercial centre of Pinetown, this suburb appeals to first time buyers looking for well-priced property.


House: R1,095,000
Flat: R630,000
Complex: R955,000

A typical property in New Germany is a three bedroom house, with a median asking price of R1,065,000The monthly repayment on this home would be R10,175 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.

4. Phoenix


Phoenix is a major commercial and industrial area and offers affordable property for those who work in these areas and nearby Umhlanga.


House: R850,000
Flat: R369,000
Complex: R790,000

A typical property in Phoenix is a three bedroom house, with a median asking price of R859,500. The monthly repayment on this home would be R7,461 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.

5. Morningside


An excellent selection pf property, green spaces, entertainment options and a central location make this one of the most popular suburbs in Durban.


House: R3,395,000
Flat: R1,200,000
Complex: R1,992,500

A typical property in Morningside is a two bedroom flat, with a median asking price of R1,100,000. The monthly repayment on this home would be R9,554 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.

Florida RoadFlorida Road in Morningside has a number of trendy bars and restaurants


The suburb in Umhlanga boasts a number of new developments to cater for demand from buyers who are attracted to the live, work, play lifestyle in the area.

Median asking price by property type:


House: R2,650,000
Flat: R2,049,000
Complex: R2,195,000

A typical property in Sunningdale is a three bedroom house, with a median asking price of R2,650,000. The monthly repayment on this home would be R23,016 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.


Residents in this well-established suburb enjoy the quintessential country lifestyle and are drawn to the large properties.


House: R2,600,000
Flat: R1,785,000
Complex: R1,895,000

A typical property in Gillitts is a three bedroom house, with a median asking price of R2,425,000. The monthly repayment on this home would be R21,062 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.

Gillitts aerial iamgeBuyers are drawn to the tree-lined streets of peaceful Gillitts


Another suburb that offers a country lifestyle, Waterfall is surrounded by stunning scenery making ti hugely popular with nature lovers, hikers, bird-watchers and bikers.


House: R2,650,000
Flat: R2,049,000
Complex: R2,195,000

A typical property in Waterfall is a three bedroom house, with a median asking price of R2,650,000. The monthly repayment on this home would be R23,016 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.


Enjoying a central location within minutes of the beach, shops, the CBD, schools and places of worship, this suburb has a huge selection of properties - from studio apartments to grand homes overlooking the city.


House: R2,850,000
Flat: R1,265,000
Complex: R1,895,000

A typical property in Musgrave is a two bedroom flat, with a median asking price of R1,200,000. The monthly repayment on this home would be R10,422 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.

10. Kingsburgh 


 This suburb in the south of Durban boasts spectacular sea views and a beach lifestyle.


House: R957,500
Flat: R1,195,000
Complex: R950,000

A typical property in Kingsburgh is a three bedroom house, with a median asking price of R795,000. The monthly repayment on this home would be R6,905 per month, over 20 years at the prime interest rate of 10% and payment of a 10% deposit.


Background


This report is compiled using search activity and median asking prices of residential properties listings on Private Property’s website in April 2018. To maintain consistency over time and assist comparison between areas, data is only presented for areas with 100 or more listed properties and grouped by the following common attributes of residential properties in South Africa: • type (houses, townhouses or flats)

Some effort is also made to exclude outliers from the analysis. A feature of Private Property’s Report is that it provides insights based on current asking prices rather than the eventual sale prices of property transactions. This is an important distinction, as the two measures provide slightly different insights into the property market.

Private Property’s median asking price data provides a view of all properties being offered for sale on its website. This has the advantage of including insight into many more properties than are eventually sold in each quarter. Although asking prices are usually slightly higher than sale prices, they have an advantage of being available to analyse well in advance of the eventual transactions. Care must be taken when interpreting prices of listings on Private Property’s website, as it differs from some analysis of sale prices that track individual properties as they are offered for resale over time.

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