ooba Home Loans said that buy-to-let investments now make up 10% of all bond applications, which also appear to be on the up.
With one and two-bedroom apartments in the R 800,000 to R1.5 million bracket and freestanding properties between the R1.2 million to R2.5 million range, the gross rental yield in the Randburg area is between 8% and 12%. Net yields in Centurion also range from 6% to 7% per annum for newly purchased properties, with some areas even breaking the 10% range.
To maximize your rental return, it is important to explore properties within the price range of R1.85 million in Century City, where one can anticipate a monthly rental income of approximately R13,500.
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