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South Africa Real Estate Salaries

Key South Africa Salary Findings

ZAR 540,000

median real estate salary in South Africa

45%

of professionals awarded a salary rise in the last year

32.9%

current gender wage gap in south Africa’s real estate market

Julie Teague, Head of Africa - Gauteng

We are pleased to include survey responses from South Africa for the first time in the annual Macdonald & Company survey report, reflecting a truly global picture of remuneration in Real Estate and the Built Environment.

Whist we do not have previous years’ reporting to compare findings (yet), we can say that those typically working in real estate earn 40.3% higher than the national average with a median of ZAR 540,000 annually.

Over the past year, 45% of professionals in the industry received a salary rise, mainly from annual pay review / promotion. Those that saw their pay increase by moving to a new employer saw an average uplift of ZAR 141,760 annually.

Its great news for those that work within emerging Industrial / Logistics asset class as they earn the most remuneration. At the other end of the spectrum, Developing for Residential Build -to-rent saw the least amount of salary and bonus awarded.

Real Estate saw a gender pay gap of nearly 33%, a couple percentage points under the reported national wage gap overall.

Average South African salaries & bonus

by industry / profession and seniority (median)

Search a salary

NET MEDIAN SALARY R 360000
Associate Director / VP / Head of R 900000
Associate / AVP / Manager R 450000
Qualified / Consultant / Analyst R 336000
Graduate / Assistant / Junior R 300000
BONUS R 43870

NET MEDIAN SALARY R 639100
BONUS R 0

NET MEDIAN SALARY R 1475000
BONUS R 170000

NET MEDIAN SALARY R 777000
MD / C Suite R 1560000
Director / SVP R 1440000
Associate Director / VP / Head of R 925000
Associate / AVP / Manager R 821000
Qualified / Consultant / Analyst R 613000
Graduate / Assistant / Junior R 288000
BONUS R 120000

NET MEDIAN SALARY R 972600
BONUS R 65000

NET MEDIAN SALARY R 917750
BONUS R 56210

NET MEDIAN SALARY R 1100000
BONUS R 150000

NET MEDIAN SALARY R 480000
Associate Director / VP / Head of R 930000
Associate / AVP / Manager R 480000
Qualified / Consultant / Analyst R 476000
Graduate / Assistant / Junior R 192000
BONUS R 50000

NET MEDIAN SALARY R 360000
BONUS R 20500

NET MEDIAN SALARY R 496800
BONUS R 1000000

NET MEDIAN SALARY R 690000
MD / C Suite R 1500000
Associate Director / VP / Head of R 1203300
Associate / AVP / Manager R 662000
Qualified / Consultant / Analyst R 312000
BONUS R 400000

NET MEDIAN SALARY R 450000
BONUS R 27000

NET MEDIAN SALARY R 580000
MD / C Suite / Director R 1616250
Associate Director / VP / Head of R 1200000
Associate / AVP / Manager R 750000
Qualified / Consultant / Analyst R 420000
Graduate / Assistant / Junior R 236400
BONUS R 88000

NET MEDIAN SALARY R 880755
MD / C Suite / Director R 1500000
Associate Director / VP / Head of R 1200000
Associate / AVP / Manager R 840000
Qualified / Consultant / Analyst R 530400
Graduate / Assistant / Junior R 187000
BONUS R 200000

NET MEDIAN SALARY R 930000
BONUS R 120000

NET MEDIAN SALARY R 1100000
MD / C Suite R 2000000
Director / SVP R 1373000
Associate Director / VP / Head of R 1290000
Associate / AVP / Manager R 1052500
Qualified / Consultant / Analyst R 960000
Graduate / Assistant / Junior R 360000
BONUS R 105000

NET MEDIAN SALARY R 476000
BONUS R 25500

NET MEDIAN SALARY R 421400
BONUS R 88000

NET BONUS SALARY R 655000
Director / SVP R 972000
Associate Director / VP / Head of R 850000
Associate / AVP / Manager R 700000
Qualified / Consultant / Analyst R 550000
Graduate / Assistant / Junior R 246000
BONUS R 43300

NET MEDIAN SALARY R 300000
Associate Director / VP / Head of R 695000
Associate / AVP / Manager R 330000
Qualified / Consultant / Analyst R 390000
Graduate / Assistant / Junior R 260000
BONUS R 0

NET MEDIAN SALARY R 419400
BONUS R 41000

NET MEDIAN SALARY R 820000
BONUS R 45000

NET MEDIAN SALARY R 552000
BONUS R 90000

NET MEDIAN SALARY R 642000
BONUS R 50000

NET MEDIAN SALARY R 490000
Director / SVP R 810000
Associate Director / VP / Head of R 765000
Associate / AVP / Manager R 677500
Qualified / Consultant / Analyst R 429840
Graduate / Assistant / Junior R 249850
BONUS R 57500

NET MEDIAN SALARY R 628200
Associate Director / VP / Head of R 762000
Associate / AVP / Manager R 700000
Qualified / Consultant / Analyst R 389300
Graduate / Assistant / Junior R 180000
BONUS R 67500

NET MEDIAN SALARY R 300000
BONUS R 7000

NET MEDIAN SALARY R 640000
BONUS R 20000

NET MEDIAN SALARY R 549600
MD / C Suite R 1275000
Director / SVP R 919800
Associate Director / VP / Head of R 900000
Associate / AVP / Manager R 516000
Qualified / Consultant / Analyst R 336000
Graduate / Assistant / Junior R 206600
BONUS R 70000

NET MEDIAN SALARY R 396000
CONUS R 185000

NET MEDIAN SALARY R 815000
BONUS R 200000

NET MEDIAN SALARY R 780000
BONUS R 115000

NET MEDIAN SALARY R 960000
BONUS R 52500

NET MEDIAN SALARY R 700000
MD / C Suite R 1560000
Director / SVP R 1175000
Associate Director / VP / Head of R 853000
Associate / AVP / Manager R 528000
Qualified / Consultant / Analyst R 500000
Graduate / Assistant / Junior R 264000
BONUS R 67760

NET MEDIAN SALARY R 780000
BONUS R 30000

NET MEDIAN SALARY R 606000
BONUS R 119000

NET MEDIAN SALARY R 468000
Director / SVP R 780000
Associate Director / VP / Head of R 540000
Associate / AVP / Manager R 516000
Qualified / Consultant / Analyst R 360000
Graduate / Assistant / Junior R 180000
BONUS R 30000

NET MEDIAN SALARY R 378000
MD / C Suite R 2200000
Director / SVP R 1400000
Associate Director / VP / Head of R 1057000
Associate / AVP / Manager R 516000
Qualified / Consultant / Analyst R 417780
Graduate / Assistant / Junior R 180000
BONUS R 17500

NET MEDIAN SALARY R 672000
Director / SVP R 1168500
Associate Director / VP / Head of R 1100000
Associate / AVP / Manager R 685800
Qualified / Consultant / Analyst R 288000
Graduate / Assistant / Junior R 252000
BONUS R 12000

NET MEDIAN SALARY R 360000
BONUS R 40000

NET MEDIAN SALARY R 267120
Director / SVP R 1344000
Associate / AVP / Manager R 380000
Qualified / Consultant / Analyst R 278340
Graduate / Assistant / Junior R 231000
BONUS R 33000

NET MEDIAN SALARY R 850000
BONUS R 50000

This data is based on the information provided by the survey response.

Hiring managers and businesses can receive in-depth salary and bonus bench-marking data – based on recent placements made and up to the minute market trends – for specific job professions by requesting a bespoke report.

Find out more

Reason for base salary change

Annual pay reviews, along with organisational restructures and moving jobs were the main reasons for receiving a pay rise the minority gained since the start of the pandemic.

Base salary change amount, by reason

Base salary is increased almost as much as five-times when moving to a new employer or receiving a counter offer when a resignation has been tendered, compared to an uplift from a promotion / annual pay review.

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Carl-Michael McLellan, Consultant – Gauteng

Average annual base salaries and bonus, by employer main activity and asset class

Investor / Funds / REIT companies unsurprisingly award the most salary and bonus levels, with those that work with industrial a logistics out-performing other asset classes.

Average annual base salary and bonus, by seniority

Zurika Bleeker, Senior Consultant - Gauteng

Painting a picture of salary and bonus in South Africa's real estate market

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Median base salary and bonus, by demographic

Gender pay gap

Our survey reports real estate has an 32.9% pay gap, which around the wider reported wage gap across the country at up to 35%.

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Tshego Baitsiwe, Consultant – Gauteng

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