Comments on: Buying Property Step 3 – Understanding the Price http://www.arbitraryuser.com/blog/2008/07/31/buying-property-step-3-understanding-the-price/ Jonathan Endersby, Recovering Technologist Wed, 11 Jan 2012 23:15:43 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Adrian Frith http://www.arbitraryuser.com/blog/2008/07/31/buying-property-step-3-understanding-the-price/comment-page-1/#comment-12330 Adrian Frith Mon, 04 Aug 2008 17:44:02 +0000 http://www.arbitraryuser.com/blog/?p=299#comment-12330 53.03% report no income. The full figures for the employed are: Income Distribution R 1 - R 400 9.10% R 401 - R 800 13.81% R 801 - R 1 600 29.93% R 1 601 - R 3 200 16.49% R 3201 - R 6 400 12.97% R 6 401 - R 12 800 9.95% R 12 801 - R 25 600 4.65% R 25 601 - R 51 200 2.02% R 51 201 - R 102 400 0.61% R 102 401 - R 204 800 0.30% R 204 801 or more 0.17% (I dunno how clearly this will come out, but you should be able to get the idea.) 53.03% report no income. The full figures for the employed are:
Income Distribution
R 1 – R 400 9.10%
R 401 – R 800 13.81%
R 801 – R 1 600 29.93%
R 1 601 – R 3 200 16.49%
R 3201 – R 6 400 12.97%
R 6 401 – R 12 800 9.95%
R 12 801 – R 25 600 4.65%
R 25 601 – R 51 200 2.02%
R 51 201 – R 102 400 0.61%
R 102 401 – R 204 800 0.30%
R 204 801 or more 0.17%
(I dunno how clearly this will come out, but you should be able to get the idea.)

]]> By: Adrian Frith http://www.arbitraryuser.com/blog/2008/07/31/buying-property-step-3-understanding-the-price/comment-page-1/#comment-12327 Adrian Frith Mon, 04 Aug 2008 17:40:33 +0000 http://www.arbitraryuser.com/blog/?p=299#comment-12327 I've actually found the Community Survey 2007 data at http://www.statssa.gov.za/community_new/content.asp?link=interactivedata.asp which hopefully has more recent numbers. 53% of the population aged 16--65 have no income. I removed them from the calculation so that we can consider only the employed population. Of those with an income, 53% still earn less than R1600; 29% earn between R1600 and R6400; 15% earn between R6400 and R25 600; 2% earn between R25 600 and R51 200; and still the remaining 1% earn more than R51 200. Actually, those numbers are suspiciously close to the numbers from the 2001 Census in my other post. Maybe the Census numbers are inflation-adjusted. I’ve actually found the Community Survey 2007 data at http://www.statssa.gov.za/community_new/content.asp?link=interactivedata.asp which hopefully has more recent numbers.

53% of the population aged 16–65 have no income. I removed them from the calculation so that we can consider only the employed population.

Of those with an income, 53% still earn less than R1600; 29% earn between R1600 and R6400; 15% earn between R6400 and R25 600; 2% earn between R25 600 and R51 200; and still the remaining 1% earn more than R51 200.

Actually, those numbers are suspiciously close to the numbers from the 2001 Census in my other post. Maybe the Census numbers are inflation-adjusted.

]]> By: arbitraryuser http://www.arbitraryuser.com/blog/2008/07/31/buying-property-step-3-understanding-the-price/comment-page-1/#comment-12326 arbitraryuser Mon, 04 Aug 2008 17:32:18 +0000 http://www.arbitraryuser.com/blog/?p=299#comment-12326 Adrian, thanks for that. The issue with those stats is the huge gap between 6400 and 25600. But essentially my numbers were about right. Basically only 2% earn more than 25600, which is essentially the base point for anyone wanting to buy a 500k property. And that's the economically active population... what % of south african are unemployed. :/ j. Adrian, thanks for that.

The issue with those stats is the huge gap between 6400 and 25600. But essentially my numbers were about right.

Basically only 2% earn more than 25600, which is essentially the base point for anyone wanting to buy a 500k property.

And that’s the economically active population… what % of south african are unemployed. :/

j.

]]> By: Adrian Frith http://www.arbitraryuser.com/blog/2008/07/31/buying-property-step-3-understanding-the-price/comment-page-1/#comment-12325 Adrian Frith Mon, 04 Aug 2008 17:20:00 +0000 http://www.arbitraryuser.com/blog/?p=299#comment-12325 I pulled some income figures from the Stats SA Census 2001 interactive site at http://www.statssa.gov.za/census01/html/C2001Interactive.asp and munged them in OOo Calc: 55% of the (economically active and aged 15--65) population earns less than R1600 a month. Another 33% earn between R1600 and R6400; and 10% earn between R6400 and R25 600. About 1% earn between R25 600 and R51 200, and the last 1% earn more than R51 200. Of course, these are 2001 Rands, so some adjustment might be needed for inflation and changes in the economy. I pulled some income figures from the Stats SA Census 2001 interactive site at http://www.statssa.gov.za/census01/html/C2001Interactive.asp and munged them in OOo Calc:

55% of the (economically active and aged 15–65) population earns less than R1600 a month. Another 33% earn between R1600 and R6400; and 10% earn between R6400 and R25 600. About 1% earn between R25 600 and R51 200, and the last 1% earn more than R51 200.

Of course, these are 2001 Rands, so some adjustment might be needed for inflation and changes in the economy.

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