- Houghton Estate
- Fleurhof Extension 2
- Kyalami Estates
- Bezuidenhout Valley
Individual results may vary, the Joburg metro has argued, but its new valuations actually represent an average 30% increase over the five-year window since 2012 it is using to determine rates and taxes.
That is roughly within an inflation rate of 6% a year – and not a million miles from the average 22.9% increase in real house price sales growth Lightstone House price index over the same period.
But at the edges of the statistical curve are properties that have shot up in value well over the average.
And there are also suburbs that have and suburbs that have seen price growth far below the average – and the rate of inflation.
Owners have until 1 April to object to their valuations.
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