Worst performing suburbs: Where property prices have stalled
There are a few neighbourhoods that have seen cumulative price growth of less than 20%. That compares with average price growth of 40%-70% for their top-performing counterparts
The generally subdued trend in house price growth means the gap between the best-and worst-performing suburbs has narrowed markedly. While there isn’t a single suburb across the four major cities — Joburg, Cape Town, Pretoria and Durban — where prices have actually fallen in nominal terms over the past five years, there are a few neighbourhoods that have seen cumulative price growth of less than 20%. That compares with average price growth of 40%-70% for their top-performing counterparts. The weakest-performing suburb countrywide according to Lightstone’s data is Point Waterfront in Durban, which managed only a humble 15% price increase since 2013. Another suburb on the ocean’s edge, Harbour Island in Gordon’s Bay near Somerset West, is also one of SA’s lowest-growth suburbs over five years. Harbour Island marina development, fronted by a promenade lined with shops and restaurants, recorded growth of only 28% in the five years ended June. Lightstone analytics director Paul-Roux de K...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.