Authored by the expert who managed and guided the team behind the South Africa Property Pack
Yes, the analysis of Johannesburg's property market is included in our pack
Where are the best places to invest in Johannesburg right now? Is Sandton still the top pick, or are areas like Rosebank, Maboneng, and Fourways gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with real estate agents, developers, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Johannesburg and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Melville is attracting interest with its bohemian vibe and renovated homes, boosting property values and drawing creative professionals
Melville is catching eyes for its bohemian vibe, which is boosting property values.
In recent years, property prices have surged as young and creative professionals flock to the area. They're drawn by Melville's unique mix of culture and art, making it a hot spot for those seeking a vibrant lifestyle.
There's a noticeable trend of renovating older homes in Melville. Locals and business owners are investing in these properties, not just to preserve their charm but to enhance the neighborhood's appeal. This effort is making Melville even more attractive to newcomers.
The bohemian atmosphere is alive and well, thanks to a growing number of creative businesses and studios. For instance, Agent Orange Design is a local gem specializing in graphic and web design, adding to the area's cultural richness.
These businesses are more than just workplaces; they contribute to Melville's reputation as a creative hub. The influx of such enterprises is a magnet for creative professionals looking for a community that matches their lifestyle.
Sources: Bohemian Vibes in Johannesburg, Agent Orange Design, The Best Things to Do in Johannesburg
2) Kensington is gaining interest for its historic homes and city center proximity, offering good value and renovation potential
Kensington is gaining popularity for its historic homes and proximity to the city center, offering good value and renovation potential.
In 2023, property sales in Kensington showed a strong market presence with significant average selling prices for flats, terraced, semi-detached, and detached homes. This trend continued into 2024, driven by steady demand from semigration, highlighting Kensington's appeal. The area is becoming a hotspot for those looking to invest in a vibrant community with a rich history.
From June 2022 to June 2023, the average sold price in Kensington was £2,327,631, indicating a stable market with potential for long-term appreciation. Its location, less than 5 kilometers from Johannesburg's city center, offers convenient access to major highways and public transport, making it ideal for those who want a balance between city and suburban living.
Compared to other Johannesburg suburbs like Acton and West Kilburn, Kensington offers good value for money. The higher average sold price reflects its competitive edge. The area's architectural heritage, with historic homes and landmarks, adds to its charm and appeal, making it a desirable place to live.
Residents and real estate agents often highlight Kensington's historic facilities and amenities, further enhancing its desirability. The community vibe, combined with the potential for property renovation, attracts a diverse range of buyers. Kensington's unique blend of history and modern convenience makes it a standout choice for property seekers.
Whether you're looking for a home with character or an investment opportunity, Kensington's market trends and location offer a compelling case. The area's ongoing development and appreciation trends suggest a promising future for property owners. With its rich history and strategic location, Kensington is a neighborhood worth considering.
Sources: KFH, Pam Golding Properties Blog, Jawitz Properties
We did some research and made this infographic to help you quickly compare rental yields of the major cities in South Africa versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Maboneng Precinct is thriving with its vibrant arts scene and trendy lofts, attracting young professionals and investors
The Maboneng Precinct is buzzing with energy, thanks to its vibrant arts scene and the conversion of old industrial spaces into stylish loft apartments.
Back in 2008 to 2014, these industrial spaces started transforming into residential gems, drawing in artists and design firms who loved the creative vibe. Fast forward to 2023 and 2024, and property prices have shot up, driven by the high demand for these trendy lofts.
Young professionals are flocking to Maboneng, captivated by its cultural and artistic offerings. This influx has not only boosted the local economy but also made the area a hotspot for innovation and creativity. Co-working spaces and start-up hubs are popping up, attracting young entrepreneurs eager to be part of this dynamic community.
The media has played a big role in Maboneng's rise, painting it as a trendy neighborhood that's hard to resist. This coverage has only added fuel to the fire, making it even more appealing to investors and young professionals looking for a vibrant place to live and work.
With its unique blend of art, culture, and modern living, Maboneng is a magnet for those seeking a lively urban experience. The area's transformation from industrial to residential has created a thriving community that's both innovative and culturally rich.
Sources: Access The Bright Continent, Nkwazi Magazine
4) Modderfontein is gaining interest for its eco-friendly developments and strategic location between Johannesburg and Pretoria, attracting eco-conscious buyers
Modderfontein is quickly becoming a hot spot for those looking to buy property in a sustainable and strategically located area.
One of the standout features is the Modderfontein Reserve, which is leading the charge in eco-friendly initiatives. They're not just talking the talk; they're actively removing alien vegetation and planting indigenous trees. This makes it a magnet for people who are passionate about the environment.
Location-wise, Modderfontein is a gem. Nestled between Johannesburg and Pretoria, it offers easy access to major highways and Gautrain stations. This is perfect for those who want to live green but still need to commute to the city. The global shift towards eco-friendly living is catching on in South Africa, and Modderfontein is right in the mix.
While some plans for infrastructure and amenities like schools and shopping centers are on hold, the initial investments show huge potential for future growth. This makes Modderfontein even more appealing to buyers who are thinking long-term.
Imagine living in a place where you can enjoy the perks of city life without sacrificing your commitment to the environment. Modderfontein offers just that, with its blend of nature and connectivity. It's not just about buying a home; it's about investing in a lifestyle that aligns with your values.
For those who are environmentally conscious, Modderfontein is more than just a place to live; it's a community that shares your vision for a sustainable future. With its strategic location and eco-friendly initiatives, it's no wonder this area is gaining attention.
Sources: The People's Map, Modderfontein Reserve, YouTube
5) Randburg is appealing for its affordable homes and steady appreciation, attracting first-time buyers and investors
Randburg is a hotspot for affordable housing, drawing in first-time buyers and investors alike.
With property options ranging from apartments priced between R700,000 and R1.6 million to townhouses and houses starting at R1.7 million, there's something for everyone. This variety makes it accessible for many buyers.
In recent years, Randburg has seen a steady rise in property values, making it a smart choice for investors. Last year, the median house price hit an all-time high of R2.25 million, showing consistent growth and reliable returns.
Randburg's strategic location is a big draw. It offers easy access to major roads and the greater Sandton area, which is perfect for families and young professionals. This convenience is a significant advantage.
The area is packed with amenities, including shopping centers, medical facilities, and top-rated schools, adding to its appeal. These features make daily life comfortable and convenient for residents.
Randburg's combination of affordability, growth potential, and location makes it a prime choice for property investment. It's no wonder it's gaining popularity among buyers.
Sources: Property24, Private Property
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6) Midrand is booming with new residential projects and business parks, attracting investors for its growth potential
Midrand is booming with new residential developments and business parks, making it a prime spot for investors looking for growth.
In recent years, areas like Kyalami Glen Estate have seen a surge in residential projects, with high rental prices reflecting strong demand. This trend is set to continue with exciting new projects like the Old Mint Park development. The buzz around these areas is palpable, as more people are drawn to the vibrant community and modern living spaces.
Business parks and commercial spaces are also on the rise, with the Waterfall precinct being a major attraction. High demand for warehouses and office spaces is driving up property prices and rental yields, making Midrand a lucrative area for real estate investment. The area is becoming a hub for businesses seeking a strategic location with ample opportunities for growth.
Infrastructure improvements have been a game-changer for Midrand. The Gautrain station and ongoing road expansions have boosted public transport options, making it easier for people to commute. Midrand's strategic position between Johannesburg and Pretoria offers easy access to major business hubs, which is a big draw for companies and investors alike.
Major corporations and multinational companies are setting up shop in Midrand, fueling economic growth and attracting even more businesses. The development of shopping centers and entertainment facilities is enhancing the area's lifestyle amenities, making it a desirable place to live. Government plans for urban development ensure that Midrand remains a hotspot for investment and growth.
With all these factors in play, it's no wonder Midrand is on the radar for investors. The combination of residential and commercial growth, improved infrastructure, and strategic location makes it a compelling choice for those looking to invest in property. Midrand's rapid expansion is a testament to its potential as a thriving community and business hub.
Sources: Property24, Rawson Blog, Seeff
7) Sandton is a prime market as Johannesburg's financial hub, offering luxury properties with strong appreciation potential
Sandton is Johannesburg's financial hub, making it a magnet for major financial institutions and multinational corporations.
This bustling area is not just about business; it's a place where high-end properties are in demand as professionals and executives want to live close to work. The local economy thrives thanks to these institutions, creating a vibrant market for luxury homes.
Recently, Sandton's rental vacancy rates have plummeted from 26.7% to 10.2% in Q3 2021, showing strong demand for properties even during tough times like the pandemic. Luxury rentals are hot, with places in Hyde Park fetching R44,000 a month in early 2022, proving tenants are willing to pay for quality.
Investors are drawn to Sandton because of its consistent property value appreciation. While we don't have the latest figures for 2023 and 2024, the area's role as a hub for Africa's largest banks and corporations suggests a stable and growing market.
Sandton's appeal is boosted by significant infrastructure investments and developments. Events like the Finance Magnates Africa Summit bring international visitors and industry leaders, enhancing its reputation as a prime business and residential spot.
Its strategic location near major Gautrain stations and highways offers easy access for professionals and investors, making it a desirable place for both living and business.
Sources: CEOWorld, Rental Sphere, Seeff, Finance Magnates
8) Parkhurst is popular for its village charm and trendy cafes, attracting young families and driving up property prices
Parkhurst is now a hotspot for young families thanks to its charming village vibe and trendy cafes.
In 2023, the area saw a 45.2% jump in median house prices, reaching $610,000 (R12 million), showing just how in-demand it has become. Local real estate agents are buzzing about the over 70 sales closed recently, a clear sign of strong buyer interest.
Young families are flocking to Parkhurst, drawn by its central location and vibrant cafe culture. The suburb's proximity to trendy 4th Avenue, with its numerous boutiques, restaurants, and cafes, makes it a top choice for commuters and Airbnb hosts alike.
Media articles often highlight Parkhurst's village atmosphere and upgraded public spaces, which add to its family-friendly appeal. The area is not just about aesthetics; it's about a lifestyle that resonates with those looking for a community feel.
Local schools are seeing a rise in enrollment, further proving that young families are settling in and making Parkhurst their home. This demographic shift is a testament to the suburb's growing popularity and its ability to attract a new generation of residents.
With its unique blend of charm and modern amenities, Parkhurst is more than just a place to live; it's a community where people want to belong. The ongoing interest from buyers and renters alike underscores its status as a desirable location.
Sources: Domain, Private Property
We have made this infographic to give you a quick and clear snapshot of the property market in South Africa. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Braamfontein is booming with high rental yields due to its proximity to universities and new student accommodation developments
Braamfontein is buzzing with activity, thanks to its proximity to universities and the boom in student housing.
With the University of the Witwatersrand nearby, which had 42,175 students enrolled in 2021, only a small fraction, about 20%, live on campus. This leaves a huge number of students looking for places to stay, and Braamfontein is right in the mix.
To meet this demand, new projects are popping up, like the one on Jorissen Street. It's set to offer 1,071 beds aimed at Wits students, opening just in time for the 2024 academic year. This is a big deal because there's a real shortage of student housing near Johannesburg's city center, making Braamfontein a prime spot.
Investors are taking note, too. Braamfontein is offering rental yields over 10% net, which is pretty impressive. The area's closeness to universities and the specific need for student housing make it a hot ticket for property investment.
Media often highlights the urban renewal happening here, and it's not just talk. The development initiatives are real, and they're transforming Braamfontein into a vibrant community.
So, if you're thinking about investing, Braamfontein's mix of high demand and strong returns is hard to ignore. It's a place where the numbers and the buzz both tell the same story.
Sources: Wits University Facts and Figures, Rise Student Living Developments, BusinessTech Property Growth
10) Rosebank is thriving with new commercial projects and luxury apartments, attracting residential and business investors
Rosebank is buzzing with new commercial developments and luxury apartments, making it a prime spot for both living and business.
Property prices are soaring, with luxury apartments fetching up to R40,000 per square meter, rivaling areas like Sandton and Melrose Arch. This surge is drawing attention from investors and homebuyers alike.
Exciting projects like the redevelopment of The Rosebank Fire Station and the construction of The Rosebank Link are adding substantial office space, transforming the area into a business hub. Mixed-use developments such as 144 Oxford and the Galleria site are also enhancing the area's appeal with a blend of offices, retail, hotels, and serviced apartments.
The demand for luxury apartments is high, especially for buy-to-let investments, attracting young professionals and corporate tenants. This trend is fueled by major real estate developers who envision Rosebank as a vibrant 24-hour live, work, and play precinct.
Young professionals are flocking to Rosebank, drawn by its dynamic vibe and the convenience of having everything at their doorstep. The area's transformation is not just about buildings; it's about creating a lifestyle that appeals to modern urban dwellers.
With its strategic location and ongoing developments, Rosebank is set to become a key player in the property market, offering a unique blend of residential and commercial opportunities.
Sources: Broll, Pam Golding, Bizcommunity
11) Fourways is booming with expanding retail and entertainment facilities, attracting families and boosting property values
Fourways is booming thanks to its expanding retail and entertainment scene.
At the heart of this growth is Fourways Mall, now the largest shopping center in South Africa since its 2019 expansion. It's not just a shopping spot; it's a hub for leisure and entertainment, drawing in crowds for more than just retail therapy.
Surrounding the mall, there's a buzz of property development with over 40,000 new residential units in the pipeline. This is part of a plan to keep up with the area's growing population, which is climbing by more than 3% each year. Improved infrastructure, like new flyovers and better roads, is making Fourways more accessible and attractive to newcomers.
All these changes are pushing up property values. The close proximity to retail and entertainment options is a big draw for families who want everything within reach. New entertainment spots, restaurants, and family-friendly amenities, including schools, are making Fourways a top choice for family living.
Sources: Fourways Mall, Accelerate Property Fund, BusinessTech
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.