Johannesburg Sees 8% Quarterly Price Growth, Outpacing Last Year's Rates

Johannesburg's property market has seen an 8% increase in quarterly price growth, surpassing the same time last year. This uptick is a significant indicator of the city's real estate trends, particularly in the sectional title sector.

The current market conditions make this growth noteworthy, especially considering the average property price in Johannesburg is around ZAR 1.5 million. With the city's economy showing signs of resilience, investors are taking notice of areas like Fourways and Midrand, which are experiencing notable growth. The urban renewal efforts in Melville are also attracting buyers, contributing to the overall positive trajectory of the market.

In areas like Sandton, premium properties are driving up prices, with some apartments selling for upwards of ZAR 5 million. The Sandton Central Business District, in particular, is a hub for commercial and residential development, with organisations like the Johannesburg Property Owners and Managers Association (JPOMA) playing a crucial role in shaping the area's real estate landscape. Meanwhile, in Melville, the Melville Redevelopment Programme has brought new life to the area, with the renovation of streets like 7th Street and the development of trendy venues like the Melville Koppies.

Market Trends and Statistics

A closer look at the data reveals that the average price per square meter in Johannesburg has increased by 12% over the past year, with sectional title properties leading the charge. According to statistics from the City of Johannesburg's Property Rates Department, the average price per square meter in Sandton is now around ZAR 35,000, up from ZAR 28,000 in July 2025. In Fourways, the average price per square meter has risen to ZAR 20,000, a 15% increase from the same time last year.

As the market continues to evolve, buyers and investors would do well to keep a close eye on areas like Midrand, which is expected to see significant growth in the coming months. With the development of the Midrand Waterfront and the expansion of the Gautrain network, the area is poised to become a major hub for commercial and residential activity. As such, those looking to enter the market or expand their portfolios should consider seeking advice from reputable organisations like the South African Property Owners Association (SAPOA) or the Johannesburg branch of the Estate Agency Affairs Board (EAAB).