What is the minimum salary to buy a house in South Africa?

The minimum required salary varies from area to area, as location affects the average property price.

Research from Lightstone Property shows that the minimum salary to buy a home would be:

• R22 600 in the Western Cape, where the average property price is R680 000 (the most expensive out of all the provinces).
• R12 600 in the Eastern Cape, where the average property price is R380 000 (the lowest of all provinces).
• R20 600 in Gauteng, where the average property price is R620 000.

The research assumes a 20 year home loan term, with the buyer using 30% of their gross monthly income to fund it, thereby taking into account other expenses that their earnings would have to cover, such as petrol and groceries.