Are you planning on moving soon, and are property prices making your head spin?
Gumtree has a new property pricing tool which is super easy to use, and quite fun too! It helps you find prices of properties for rent and for sale, and gives you the average price of properties in the selected area depending on the number of rooms, from studio to five bedrooms.
Below is a list of the information you can expect after selecting your area:
- Average buying price according to number of bedrooms
- Average rental price according to number of bedrooms
- Buying price per square meter
- Renting price per square meter
- Graphs showing the movement of rental and buying prices across three months
- The status of the property market in the area
- And a list of properties for sale and to rent in your area
Unfortunately not all areas are listed, and I am hoping that more areas will be added soon, because we all know that even neighbouring areas have a huge disparity between them. For example, Sandton, Marlboro and Alexander, are all pretty much neighbours, but the differences between them is as evident as the income gap between the haves and have nots in our country.
I am a Joburg girl, always have been, and probably always will be. Let’s take a trip through my life, from where I was born, to where I currently reside, taking the property pricing tool along for the ride.
I was born at Florence Nightingale Hospital in Hillbrow, before it became the Hillbrow we know today, a place most people think is best avoided. Back then Hillbrow was a bustling and vibrant cosmopolitan area. I couldn’t find Hillbow, so CBD will have to do.
The current average monthly rental price for a 2 bedroom property in Johannesburg CBD on Gumtree is R3,750.
The current average buying price for a 2 bedroom property in Johannesburg CBD on Gumtree is R310,316.
We lived in Lenasia, which is South of Johannesburg, better known as Lenz, from before I was born until 1994. My dad had to bring me all the way to school everyday, which was quite a far journey, since it was in Observatory, which is kind of the East of Johannesburg. I attended Sacred Heart College in Observatory from nursery school until matric.
The current average monthly rental price for a 2 bedroom property in Lenasia on Gumtree is R3,200.
The current average buying price for a 2 bedroom property in Lenasia on Gumtree is R346,500.
In 1994, post-aparthied South Africa, we moved to Cyrildene, we were now only 2km away from my school, which made life much easier. Over 20 years later a lot has changed, my dad moved out, my brother moved out and then moved back in, and my mom and I have been pretty much constant in the same house. Our house went from white to pink to yellow, don’t even ask why! Our area has changed a lot, one of the changes is the conversion of Bruma Lake to a Park, when we moved to the area, we would spend weekends on paddle boats on the lake. The oak trees are the same, lining both sides of the road, the leaves becoming quite a mission in Autumn. Thankfully Eastgate has just gotten bigger and better!
Unfortunately, Cyrildene/Observatory are not in the list of areas, so I have to use Bruma, since it is the closest.
The current average monthly rental price for a 2 bedroom property in Inner City / CBD & Bruma on Gumtree is R4,300.
The current average buying price for a 2 bedroom property in Inner City / CBD & Bruma on Gumtree is R446,000.
And that is where my journey ends for now. My next home will be when I get married, and this tool is definitely going to come in handy.
Check out the tool here
*This is a sponsored post