INDUSTRY OVERVIEW
Residential Community Industry
STATISTICS and SURVEY RESULTS
With over 56,000 sectional title developments and over 3000 homeowners associations in South Africa, the residential community industry has been, and will continue to be an extremely powerful industry for the foreseeable future.
ARC conducted their annual survey earlier this year:
Monthly levies Full population
R10,000.00 R8,000.00 R6,000.00 R4,000.00 R2,000.00
R-
R2,056.03
2016 / 17 2017 / 18
R2,239.18
MAX MIN AVERAGE
Residents of ARC member estates pay an average of R2,239.18 each month in levies. This is an 8.91 % increase from 2016 / 17.
R10,000.00 R8,000.00
PROVINCIAL COMPARISON- MONTHLY LEVIES
R6,000.00 |
|
|
|
|
R4,000.00
R2,000.00
|
R1,768.69 R2,033.35 R1,971.84 R2,085.52 |
R2,688.53 |
R2,995.69 |
R-
Eastern Cape |
Free State & KZN Gauteng |
Limpopo & |
|
|
Mpumalanga |
North West & Northern Cape
Western C ape
Max Min Average
Breaking it down into a provincial comparison shows that Western Cape members charge the highest monthly levies of R2,995.69 on average and the Eastern Cape members charge the lowest monthly levies of R1,768.69 on average.
R10,000.00
SIZE COMPARISON- MONTHLY LEVIES
R8,000.00
R6,000.00
R4,670.00
R4,000.00
R2,000.00
R2,367.17 R2,021.45 R2,031.75 R2,339.04 R1,947.27
R- Small Small-Medium Medium Medium-Large Large Extra Large
Max Min Average
Breaking it down into an estate size comparison shows that members with a smaller number of erven charge the highest monthly levies of R4,670.00 on average and the members with a larger number of erven charge the lowest monthly levies of R1,947.27 on average.
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