Some people say it's cheaper to move to Perth than Cape Town?!

Thinking of trading in those Gauteng vibes for the vibrant energy of Cape Town? Well, hold onto your wallets—turns out moving to Cape Town is almost as pricey as heading to Perth these days! Yes, you read that right. Property prices in Cape Town have been on a wild ride, soaring by 6.1% from February 2023 to February 2024. Who knew living in paradise could come with such a hefty price tag?

The secret sauce behind this increase? A booming demand for property as Cape Town continues to charm semi-migrants with its relaxed lifestyle and impressively well-governed municipality. It’s like Cape Town’s become the VIP lounge of South Africa’s real estate scene, attracting everyone seeking a slice of its picturesque living.

But here's the twist: as property prices keep climbing, the migration into the Western Cape might just accelerate, leading to even more competition for those coveted sea views and mountain backdrops. Over the next 5-10 years, Cape Town could face some serious growing pains—think crowded neighbourhoods, stretched infrastructure, and a dash of “where did all the affordable housing go?”

So, whether you're eyeing a move to Cape Town or Perth, just remember: the cost of living like a rockstar isn’t getting any cheaper. Pack your bags and your budget, because either way, you’re in for a wild, and somewhat expensive, ride!