To qualify for a bond on a R2.5 million property in the Northern Suburbs - a standard 3-bedroom family home in Bellville, Durbanville or the Winelands corridor - a household needs a net income of approximately R55.000 to R60,000 per month.
Cape Town is losing buyers with the data now confirming what many have suspected for some time.
This is that the Mother City is losing that argument on affordability.
The Western Cape's average property price in Q1 2026 was R3,357,917- 72% above the national average of R1,951,230, says Nathan Scott, a Cape Town Property Strategist.
He says Gauteng now accounts for 50.8% of all property transfers nationally.
