Cape Town’s Southern Suburbs has long been a popular residential area, especially with families looking to live near good schools and amenities but a spike in demand in the fourth quarter of 2022 driven by semigration has further fuelled the market with stock shortages looming in many suburbs.

The rental rate for a family house in a middle-class suburb is now around R14,000 to R28,000 per month with the average at around R20,000, according to the Seeff Property Group.