Property prices for rent in Randfontein (Gauteng)
The rent prices in real estate in Randfontein, in the Gauteng region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Randfontein has barely changed in the last 6 months. In October, the average price per m² was R 40,2. In the following month the price per m² rose considerably to R 50,76. The price for the following two months in (December, January) fell 89 % with regard to the previous two months. The price per m² has fallen 88 % 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 43,06 to R 38 during February, and March.
When referring to the price in Randfontein (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 9 118. During November the price had a slight fall till R 8 338. During the following two months (December, January) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from R 8 308,75 to R 7 256 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of R 6 556 they are 47 % more affordable than the average price for Randfontein . The properties with the highest average price have 4 bedrooms, Their price is 173 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 6 318.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 27 / m², with an average R 42,48 / m² price in Randfontein. The properties with the most expensive average prices have 2 bedrooms. They are 86 % more expensive than the average followed by properties with 1 bedroom with a price at R 38,2 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 6 556 it is 31 % more affordable than the average price in Randfontein. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Farm". At a price of R 32 581 it is 402 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 15 / m² followed by "Townhouse" priced at R 22 / m². "House" is the most expensive type of property with a R 52 / m² value followed by "Apartment" with an average price of R 32 / m².
