Document SRC-2001
Housing Market Studies for Intermediate Cities/Larger Towns in the Western Cape: Stellenbosch Town Report, Final Report, August 2022
- Retrieved
- 29 October 2026
- Archived copy
- An archived copy is held by the project
- Why it matters
- Provincially commissioned housing market study behind the municipal Inclusionary Zoning Policy, posted with it. Covers housing demand, affordability gap, property values, rents and student housing.
Original document
Claims citing this document
- VerifiedEditor-approved Approved figure (not delivery) For Erf 7001, Cloetesville, Stellenbosch Municipality reports that it is making land available through the ATR process to a developer for medium- to upper-GAP housing, not BNG houses. The Municipal Planning Tribunal approved the land use application and development rights were obtained on 29 November 2024. The Appeal Authority then approved the project after the appeal period, and a call for proposals from private developers was planned for 2025/26. The 2024/25 housing capital budget lists 'Erf 7001 Cloetesville (380) FLISP' at R292 396 (CRR).
- VerifiedEditor-approved Budgeted figure (not delivery) According to the August 2022 Stellenbosch Town Housing Market Study commissioned by the Western Cape DEA&DP (prepared by CAHF), municipal data showed 17 945 people on the housing demand database as of November 2021, of whom 11 396 (64%) lived in Stellenbosch town. Of these town applicants, 86.7% reported monthly income of R0-R3 500. The study cautions that the database relies on people who come forward and on self-reported, unverified income.
- VerifiedEditor-approved Budgeted figure (not delivery) The 2022 Stellenbosch Town Housing Market Study found, using Lightstone deeds data (2017-2021), that 62% of Stellenbosch town's 14 244 residential properties were valued over R1.2 million and only 28% (3 931) at R900 000 or less. It calculated that buying a property valued over R1.2 million with a mortgage needs a minimum monthly household income of R29 600 (7.75% interest, 10% deposit, 20 years, 30% of income, no FLISP), and that only 20.5% of town households could afford a home of about R1.2 million or more with a mortgage.
- VerifiedEditor-approved Budgeted figure (not delivery) The 2022 Stellenbosch Town Housing Market Study reported TPN data for 2021 (municipality-wide): average monthly rent of R13 911 for a 3-bedroom and R8 655 for a 2-bedroom unit. It estimated that about 8 000 University of Stellenbosch students need private accommodation, against an NSFAS housing allowance of about R5 000 a month, and noted beds at the MySpace development priced at R8 500-R12 500 a month. For Stellenbosch town, it also found 'no private sector construction of new houses below R300 000 in 2021'.