The 20 most affordable suburbs in Cape town

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Did you ever wonder if  you can still find value in Cape Town’s property market?

With affordability as a major factor, the following suburbs are the most affordable in terms of the lowest asking prices as per Private property.

Area Suburb Average  Price Average Salary you need to earn
1.  Cape Flats Khayelitsha 508,000 16,500
2.  Cape Flats Mitchell’s Plain 713,000 23,000
3.  Cape Flats Bluedowns 748,000 24,500
4.  Kuils River Eerste River 810,000 26,500
5.  Buh-rein Buhrein & Surrounds 1,185,000 38,500
6.  Kraaifontein Kraaifontein Central 1,318,000 43,000
7.  Kuils River Kuils River 1,550,000 50,000
8.  Goodwood Goodwood 1,695,000 55,000
9.  Tableview & Blouberg Burgandy Estate 1,865,000 60,000
10. Tableview & Blouberg Parklands 2,055,000 66,500
11. Brackenfell Brackenfell Central 2,057,000 67,000
12. Brackenfell Protea Hights 2,329,000 75,000
13. Southern Suburbs Wynberg 2,400,000 78,000
14. Kraaifontein Langeberg Ridge 2,419,000 78,500
15. Tableview and Blouberg Tableview 2,531,000 82,000
16. Durbanville Durbanville  Central 2,650,000 86,000
17. Penisula (False bay) Fishoek 2,760,950 89,000
18. Southern Suburbs Plumstead 2,800,000 91,000
19. Cape Town City Bowl Woodstock 2,858,000 92,000
20. Tableview and Blouberg Sunningdale 2,990,000 96,500

Cape Flats
Suburbs: Khayelitsha, Mitchells Plain, Blue Downs

Cape flats may be faced with lots of socio-economic challenges,  but the area is in high demand with lower income first time buyers who want to get in the property market.  The price of the properties allows buyers to  have less cash in hand when purchasing property due to the transfer duty threshold of R900 000. Due to the increase in demand for property in the Cape Flats caused house price growth of roughly 12% outperforming many other areas in recent years.

To be able to qualify for a property in these areas you need to have a single or combined income of between R14,500 – R25,000 per month

Median Property Prices in Khayelitsha
House: R450 000
Complex: R600 000

Median Property Prices in Mitchells Plain
House: R700 000
Complex: R695 000

Median Property Prices in Blue Downs
House: R760 000
Flat: R520 000
Complex: R748 000


Buh-Rein
This is a new development in Tygerberg is popular with first time buyers and investors. A selection of property from apartments, to freestanding homes and townhouses caters to a range of buyers and budgets. Good security, a selection of lifestyle amenities and a convenient location close to major roads increases the attraction of the suburb.

Median Property Prices in Buh-Rein 
House: R2 056 000
Flat: R1 040 000
Complex: R2 056 000


Kuilsriver
Suburbs: Eersterivier, Kuilsriver

Property prices in most of Cape Town’s northern suburbs have increased massively, putting them out of reach of first time buyers. Kuilsriver is one of the few remaining areas that offer value for money. The area offers a good selection of property and is close to main roads to Cape Town and Stellenbosch, making it convenient for commuters. A number of excellent schools in Kuils River and nearby Bellville, Brackenfell and Stellenbosch adds to the appeal for young families.

Median Property Prices in Eersterivier
House: R816 000
Complex: R986 000

Median Property Prices in Kuilsriver
House: R1 680 000
Flat: R700 500
Complex: R1 161 000


Kraaifontein
Suburbs: Kraaifontein Central, Langeberg Ridge

With a good selection of reasonably-priced property, Kraaifontein, is seen as an area where middle class Capetonians can still afford to buy a home. Although the area is still affordable, demand has seen prices grow at around 13% per annum in recent years. Young buyers in particular are attracted to the area due to the excellent schools in the area, shopping centres, medical facilities and easy access to other parts of Cape Town. investors have responded to demand in the area by snapping up plots in areas like Langeberg Ridge and Langeberg Heights and developing them.

Median Property Prices in Kraaifontein Central
House: R1 450 000
Flat: R731 500
Complex: R1 216 000

Median Property Prices in Langeberg Ridge
House: R2 300 000
Flat: R1 806 000
Complex: R2 572 000


Goodwood
Goodwood has been a firm favourite with middle-class Capetonians for a number of years now. A good selection of property at different prices attracts a diverse mix of buyers – from first time buyers to retirees. The area enjoys a central location, a wide range of amenities and excellent transport links. Consistent demand has ensured excellent price growth for those who have bought property in the area.

Median Property Prices in Goodwood
House: R1 960 500
Flat: R786 000
Complex: R1 512 000


Tableview and Blouberg
Suburbs: Burgundy Estate, Parklands, Tableview, Sunningdale

Property on the Western Seaboard has grown in popularity as buyers have been squeezed out of the Southern Suburbs, Atlantic Seaboard and the City Bowl. It remains a relatively affordable region for middle to higher income buyers. Outstanding beaches, epic views and an appealing outdoor lifestyle are just some of the reasons for this area’s popularity.

Newer suburbs like Sunningdale and Parklands have been developed to cater for the increased demand in the area. Residents have a choice of public and private schools, medical facilities and a selection of retail offering, including the Bayside Mall.

Burgundy Estate is one of the affordable developments in the area. It offers modern architecture, a good mix of homes and numerous sporting facilities.

Median Property Prices in Burgundy Estate
House: R3 100 000
Flat: R1 331 000
Complex: R2 350 000

Median Property Prices in Parklands
House: R2 177 000
Flat: R928 500
Complex: R1 421 000

Median Property Prices in Tableview
House: R2 660 500
Flat: R2 780 000
Complex: R1 650 000

Median Property Prices in Sunningdale
House: R2 580 000
Complex: R3 121 800


Brackenfell

Suburbs: Brackenfell Central, Protea Heights

This area still offers great value for money, particularly for young families and first-time buyers. Its location in the Northern Suburbs means the residents have a choice of excellent schools nearby. International and local industries located in the area offer good employment prospects, while Bracken Nature Reserve and numerous sports clubs cater for active residents.

Median Property Prices in Brackenfell Central
House: R2 315 200
Flat: R1 058 000
Complex: R1 685 000

Median Property Prices in Protea Heights
House: R2 577 465
Flat: R1 130 000
Complex: R1 542 000


Durbanville
Suburb: Durbanville Central

This area is favoured by young families who enjoy living within close proximity of the Boland wineland regions. Durbanville Central is known to offer first time property buyers with a number of choices including some older, more established homes, as well as apartments and townhouses. Parks, schools, shopping centres and businesses in the area ensure a well-rounded lifestyle for those who make this area their home.

Median Property Prices in Durbanville Central
House: R4 403 500
Flat: R1 699 000
Complex: R3 100 500


Southern Suburbs

Suburbs: Wynberg, Plumstead

Property buyers who are looking for value in the Southern Suburbs are increasingly turning to areas like Wynberg and Plumstead, that they may not have previously considered.

Young professionals with families are now buying property in Wynberg due to the good schools in the areas. This new demand is stimulating new development in the suburb which has an upside for property values. Plumstead is another suburb that offers buyers excellent value for money. This small established suburb is tree-lined and neat. Young professionals are buying older homes and upgrading and modernising them, which is contributing to the upliftment of the area.

Median Property Prices in Plumstead
Houses: R3 146 000
Flats: R1 645 000
Complexes: R1 800 000

Median Property Prices in Wynberg
Houses: R3 596 500
Flats: R1 925 000
Complex: R1 800 000


False Bay

Suburb: Fish Hoek

False Bay continues to be a popular choice with Western Cape property buyers due to the attractive coastal lifestyle and affordability. Houses and apartments in Fish Hoek are still affordable compared to other Cape Town suburbs but increased demand means prices are rising. Buyers love the convenience of Fish Hoek – everything from beaches, to shops and schools are within walking distance, and it has excellent transport links to other parts of the city.

Median Property Prices in Fish Hoek
Houses: R3 115 000
Flats: R2 165 900
Complex: R2 238 000


City Bowl

Suburb: Woodstock

Property in most suburbs close to the CBD are now out of reach for the average middle-income buyer. Woodstock is one of the few areas where there is still value to be found for buyers, and the area is undergoing a revival of sorts with trendy retail stores, restaurants and nightspots opening in the area.. The upper parts of Woodstock are popular with young professionals who want easy access to the CBD, the N2 and public transport. Lower Woodstock is less popular but buyers are increasingly willing to buy older properties and renovate them, in order to get a foothold in the popular City Bowl property market.

Median Property Prices in Woodstock
House: R3 139 900
Flat: R2 356 500
Complex: R2 595 000


Source: Private Property 2017

The original source of this report was compiled using search activity and median asking prices of residential properties listings on Private Property’s website in October 2017 taking property growth and price adjustmentsin to account for 2019. 

 



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