Property prices for rent in Tongaat (Kwazulu-natal)
The rent prices in real estate in Tongaat, in the Kwazulu-natal region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Tongaat has risen strongly during the last 6 months. In November, the average price per m² was R 38,48. In the following month the price per m² rose considerably to R 57. The price for the following two months in (January, February) had a considerable rise of 224 %. The price per m² has risen 107 % 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 77,24 to R 82,73 during March, and April.
When referring to the price in Tongaat (cities & towns), this has fallen considerably in the last 6 months. The rent price in November is R 13 367, rising in December till R 14 100. During the following two months (January, February) the average price had a considerable fall of 71 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 11 741,75 to R 9 253, which means a 79 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of R 8 678 they are 38 % more affordable than the average price for Tongaat . The properties with the highest average price have 1 bedroom, Their price is 222 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 5 491.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 49 / m², with an average R 78,55 / m² price in Tongaat. The properties with the most expensive average prices have 1 bedroom. They are 35480 % more expensive than the average followed by properties with 2 bedrooms with a price at R 79 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 8 678 it is 40 % more affordable than the average price in Tongaat. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of R 5 392 it is 434 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 24 / m² followed by "Townhouse" priced at R 34 / m². "House" is the most affordable type of property with a R 49 / m² value followed by "Townhouse" with an average price of R 34 / m².
