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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.