Mon May 06 2024 12:00:11 GMT+0000 (Coordinated Universal Time)
Benoni

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3,329 Properties for sale in Benoni listings are price checked

Listings from cockpitestates.co.za, grestates.co.za and 22 more

Property value calculations

Do not overpay! With property price calculations you can make better choices when you are looking for your next place to live.
Using artificial intelligence, we analyse property adverts daily from various property portals, saving you time and providing valuable insights.
How we calculate property prices
The estimated market value for properties is calculated by using a proprietary formula that includes detailed information about a home (bedrooms, bathrooms, size and so on), Additionally, location, market dynamics and other key details are extracted from property listings to determine the correct price evaluation.
The precision of the estimates rely on the availibility of data and should serve as guidance rather than absolute certainty.
We remain committed to transparency and providing valuable market insights to our users, by helping them navigate the property market with confidence.
Average price for sale
R 1.3 M
Benoni, East Rand
Average price trends
1.4 M
Mar
1.4 M
Mar
1.3 M
Apr
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Living in Benoni: A Quick Guide to the Real Estate Market & Neighborhoods
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Market status in Benoni
Our catalog on Ananzi.co.za offers a comprehensive overview of the real estate sales market status in Benoni (East Rand, South Africa), showcasing the latest trends and offerings. The city features various dwelling types, with House leading with an average price of R 1.9 million ZAR, an average size of 453 m², and representing 57.8% of listings. Apartment follow with an average price of R 1.9 million ZAR, an average size of 453 m², and 24.7% of listings. Townhouse make up 13.1% of listings, with an average price of R 1.1 million ZAR and an average size of 197 m².
Nearby cities for commuters
Exploring alternatives to Benoni unveils Boksburg, Germiston, and Johannesburg, each promising a unique mix of proximity and more affordable living compared to Benoni. Boksburg, a short hop from Benoni, is notable for its lower average real estate price of R 1.5 million ZAR. The commute in Boksburg is diverse, featuring a 13 km, 15-minute trip by car, and a 17 km, 40-minute journey by public transport. Germiston, nestled 20 km away by car from Benoni, showcases homes at an inviting average price of R 1.5 million ZAR. Connectivity flourishes in Germiston with a 23 km, 50-minute ride via public transport, and a 18 km, 60-minute trip by bike. Lastly, Johannesburg, offering a captivating average property price of R 2.8 million ZAR, lies just 51 km from Benoni by car. The commuting scene in Johannesburg is versatile, with a 49 km, 2-minute commute via bike, and a 56 km, 1-minute route by public transport. Each Benoni alternative enriches the quest for those looking to stay close to Benoni while finding a home that suits their budget and lifestyle needs, complete with varied commuting options to ensure easy access to and from Benoni.
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FAQ
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What are the property taxes in Benoni and are there any other ongoing costs I should consider?
Property taxes in Benoni vary based on property valuations but average around 0.0075% of the property value per year. Additionally, consider costs like utilities (electricity, water), homeowner insurance, and maintenance fees. Factor in homeowner association (HOA) fees if your property is part of a managed community. It's crucial to budget for these ongoing costs when purchasing property.
What types of upfront costs and fees will I have to pay when purchasing a property in Benoni?
When purchasing a property in Benoni, upfront costs include transfer duty, payable to the South African Revenue Service for properties over R1,000,000, conveyancing attorney fees for title transfer (vary widely), bond registration fees if financing the property, and a possible initiation fee to the bank for new bond applications. Ensure you have a budget for these additional costs.
How does the Benoni property market compare to ther regions in the South Africa?
The Benoni property market showcases an average house price of approximately RR 1 200 000 ZAR, markedly lower than Cape Town's RR 3 000 000 ZAR but higher than Polokwane where the average is around RR 1 150 000 ZAR. This suggests that Benoni offers a moderately priced real estate market compared to other regions in South Africa. For up-to-date property prices in Benoni visit property24.com, Cape Town prices can be found on privateproperty.co.za, and Polokwane market insights are available at sahometraders.co.za.
How competitive is the Benoni property market?
The property market in Benoni, situated in the East Rand, South Africa, is highly competitive. For instance, during the fourth quarter of 2022, the average property price in Benoni was around R1,500,000, with over 1,675 houses sold, reflecting a dynamic market. Historical data shows significant interest in both residential and commercial sectors, highlighting investor confidence and a strong demand for real estate in the area. For up-to-date listings and trends, one can visit: property24.com/for-sale/benoni/gauteng/179.
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