Property prices for rent in Midvaal (Gauteng)

The rent prices in real estate in Midvaal, in the Gauteng region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

R 16 433,17
Average price last 6 months
R 129,87
Price/m² last 6 months
Average price per m2

The price per m² in Midvaal has risen strongly during the last 6 months. In September, the average price per m² was R 109,71. In the following month the price per m² rose considerably to R 134,82. The price for the following two months in (November, December) had a considerable rise of 121 %. The price per m² has fallen 89 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of R 135,04 to R 119,53 during January, and February.

Average price

When referring to the price in Midvaal (cities & towns), this has risen considerably in the last 6 months. The rent price in September is R 13 054, rising in October till R 14 427. During the following two months (November, December) the price has had an average rise from R 13 740,5 to R 15 392,5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 138 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of R 18 833 they are 62 % more affordable than the average price for Midvaal . The properties with the lowest average price have 3 bedrooms, Their price is 4 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 12 281.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 20 / m², with an average R 95,72 / m² price in Midvaal. The properties with the most expensive average prices have 1 bedroom. They are 92 % more expensive than the average followed by properties with 2 bedrooms with a price at R 121 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 18 833 it is 62 % more affordable than the average price in Midvaal. "Land" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of R 7 134 it is 62 % more affordable than the average price.

According to the average cost per m², the most affordable property is "Townhouse" at an average price of R 5 / m² followed by "Land" priced at R 6 / m². "House" is the most affordable type of property with a R 20 / m² value followed by "Apartment" with an average price of R 11 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Midvaal
Number of properties used in region Gauteng
R 18 833
R 95,72
102
190 532
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value