annual review : 2009 property values
DESCRIPTION
An annual review of Property Values growth, trends and forecasts for South Africa, based on 2009 sales results.TRANSCRIPT
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Annual Review Property ValueSouth Africa2009Presented by SAPTG - South African Property Transfer Guide
SAPTG provides online access to data, tools and resources for property professionals in South Africa. SAPTG is easy-to-use and simple-to-search aiding effective property valuation, market tracking and analysis, suburb profiling and trending and consumer credit worthiness reporting.
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Report Methodology As with any report, it is important to understand the methodology and parameters of the research applied.
For the report on property values in South Africa, the following rule set was applied: Examine sales concluded between 1 January and 31 December 2009. Includes full title (free standing) and sectional title property but excludes farms. Excludes sales where purchase price was less than R200k and greater than
R20mil. Includes sales between natural persons, trusts and CC's and excludes as far as
possible industrial, commercial and / or government transactions.
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National Median Value : Growth
2005 2006 2007 2008 2009R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 5
00
,00
0
R 5
60
,00
0
R 6
19
,90
0
R 6
20
,00
0
R 6
80
,00
0
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National Median Value : Growth
2005 2006 2007 2008 2009R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 5
00
,00
0
R 5
60
,00
0
R 6
19
,90
0
R 6
20
,00
0
R 6
80
,00
0
A median value is the mid-point between a range of numbers – differing from an average , but used to give a more “statistically correct” view of the general value.
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2005 2006 2007 2008 2009R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 5
00
,00
0
R 5
60
,00
0
R 6
19
,90
0
R 6
20
,00
0
R 6
80
,00
0
National Median Values : Growth
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2005 2006 2007 2008 2009R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 5
00
,00
0
R 5
60
,00
0
R 6
19
,90
0
R 6
20
,00
0
R 6
80
,00
0
Median Value for 2009:R680 000.
National Median Values : Growth
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2005 2006 2007 2008 2009R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 5
00
,00
0
R 5
60
,00
0
R 6
19
,90
0
R 6
20
,00
0
R 6
80
,00
0
National Median Values : Growth
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2005 2006 2007 2008 2009R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 5
00
,00
0
R 5
60
,00
0
R 6
19
,90
0
R 6
20
,00
0
R 6
80
,00
0
Compound Annual Growth Rate (CAGR) on National Median Value for last 5 year period is 6.34%.
National Median Values : Growth
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2005 2006 2007 2008 2009R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 5
00
,00
0
R 5
60
,00
0
R 6
19
,90
0
R 6
20
,00
0
R 6
80
,00
0
National Median Values : Forecast
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2005 2006 2007 2008 2009R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 5
00
,00
0
R 5
60
,00
0
R 6
19
,90
0
R 6
20
,00
0
R 6
80
,00
0
A linear forecast predicts positive growth with a forecasted median value possibly around the R725 000 mark by the end of 2010 and R770 000 by the end of 2011.
National Median Values : Forecast
20112010
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Provincial Median Values : 2009
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APER 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
R 6
00
,00
0
R 5
20
,00
0
R 6
80
,00
0
R 6
50
,00
0
R 5
83
,00
0
R 6
10
,00
0
R 5
50
,00
0
R 5
40
,00
0
R 8
20
,00
0
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Provincial Median Values : 2009
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APER 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
R 6
00
,00
0
R 5
20
,00
0
R 6
80
,00
0
R 6
50
,00
0
R 5
83
,00
0
R 6
10
,00
0
R 5
50
,00
0
R 5
40
,00
0
R 8
20
,00
0
Free State reports the lowest median value for 2009 at R520 000.
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Provincial Median Values : 2009
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APER 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
R 6
00
,00
0
R 5
20
,00
0
R 6
80
,00
0
R 6
50
,00
0
R 5
83
,00
0
R 6
10
,00
0
R 5
50
,00
0
R 5
40
,00
0
R 8
20
,00
0
Western Cape indicates highest median value for 2009 at R820 000.
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
Eastern Cape :2005 – R450 0002009 – R600 000 CAGR – 5.92%
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
Free State:2005 – R405 0002009 – R520 000 CAGR – 5.13%
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
Gauteng:2005 – R500 0002009 – R680 000 CAGR – 6.34%
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
Kwazulu Natal : 2005 – R540 0002009 – R650 000 CAGR – 3.78%
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
Limpopo: 2005 – R420 0002009 – R583 000 CAGR – 6.78%
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
Mpumalanga: 2005 – R450 0002009 – R610 000 CAGR – 6.27%
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
North West: 2005 – R440 0002009 – R550 000 CAGR – 4.56%
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
Northern Cape: 2005 – R385 0002009 – R540 000 CAGR – 7.00%
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Provincial Median Values : Growth
EASTERN CAPE
FREE STATE
GAUTENG
KWAZULU
NATAL
LIM
POPO
MPUM
ALANGA
NORTH WEST
NORTHERN CAPE
WESTERN C
APE
R 0
R 100,000
R 200,000
R 300,000
R 400,000
R 500,000
R 600,000
R 700,000
R 800,000
R 900,000
2005 2006
2007 2008
2009
Western Cape: Most aggressive growth in median value2005 – R580 0002009 – R820 000 CAGR – 7.17%
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Provincial Median Values : ForecastProvince 2005 2006 2007 2008 2009 2010 2011
EASTERN CAPE R 450,000 R 500,000 R 565,000 R 570,000 R 600,000 R 635,500 R 673,100
FREE STATE R 405,000 R 455,000 R 485,000 R 470,000 R 520,000 R 546,800 R 768,800
GAUTENG R 500,000 R 557,000 R 600,000 R 620,000 R 680,000 R 723,000 R 768,800
KWAZULU NATAL R 540,000 R 600,000 R 670,000 R 625,000 R 650,000 R 675,000 R 700,000
LIMPOPO R 420,000 R 500,000 R 552,340 R 530,000 R 583,000 R 622,500 R 665,000
MPUMALANGA R 450,000 R 550,000 R 600,000 R 620,000 R 610,000 R 648,000 R 689,000
NORTH WEST R 440,000 R 480,000 R 530,000 R 520,000 R 550,000 R 575,000 R 601,000
NORTHERN CAPE R 385,000 R 460,000 R 500,000 R 540,000 R 540,000 R 578,000 R 618,000
WESTERN CAPE R 580,000 R 650,000 R 710,000 R 750,000 R 820,000 R 879,000 R 942,000
Forecast values are based on the current CAGR of each province and extrapolated for 2010 and 2011. Actual values may vary due to changing trends. Please refer to our disclaimer.
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DisclaimerThe information in this document and its attachments is derived from sources which are regarded as accurate and reliable. However, the content of this report does not constitute advice, may not be applicable to all circumstances and may include projections based on past trends where actual or verifiable data is unavailable. Detailed advice and or consultation with SAPTG should be sought in individual cases and queries. All opinions, estimates and forecasts contained in this report may be changed after publication at any time without notice. No liability is accepted whatsoever for any direct or consequential loss arising from the use of this document. While every effort has been taken to ensure that no errors, unforced omissions or inclusions have been made, no responsibility for any error, omission or loss sustained by any person acting or refraining from acting as a result of this document is accepted by Knowledge Factory (Pty) Ltd its subsidiaries, and / or the authors of the material.