Property prices for sale in Germiston (Gauteng)

The prices in real estate in Germiston, in the Gauteng region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

R 2 207 049
Average price last 6 months
R 126 285,17
Price/m² last 6 months
Average price per m2

The price per m² in Germiston has fallen in the last 6 months. In January, the average price per m² was R 133 602. In the following month the price per m² decreased considerably to R 72 740. The price for the following two months in (March, April) had a considerable increment of 188 %. The price per m² has had a considerable deflation of 55 % 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 148 587,5 to R 81 680,5 during May, and June.

Average price

Based upon to the price in Germiston (cities & towns), this has gone up in the last 6 months. The average price during our first sample month during January, is R 2 069 350. During February the price went through a considerable rise reaching R 2 457 531. In the following two months the average price has remained the same with regard to the previous two months from R 2 263 440,5 to R 2 365 308. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from R 2 314 374,25 to R 1 992 398,5 in May and June.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 842 950 they are 50 % more affordable than the average price for Germiston. The properties with the highest average price have 4 bedrooms, Their price is 163 % more costly than the average. After that we have properties with 1 bedroom priced at R 1 919 912.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 10 432 / m², with an average R 153 198 / m² price in Germiston. The properties with the highest average prices have 1 bedroom. They are 1013 % more expensive than the average followed by properties with 4 bedrooms with a price at R 11 375 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 842 950 it is 51 % cheaper than the average price in Germiston. "Flat" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of R 7 230 018 it is 650 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Apartment" at an average cost of R 10 206 / m² followed by "Townhouse" priced at R 11 303 / m². "Land" is the most costly type of property with a R 13 465 843 / m² cost followed by "Commercial" with an average price of R 6 845 134 / m².

Charts data
Average price June
Average price per m² June
Number of properties used in Germiston
Number of properties used in region Gauteng
R 1 842 950
R 153 198
32 032
786 744
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value