The average home price paid by first-time buyers has risen by R37,000 in the past 12 months, while the average home loan instalment has increased by almost R700 a month (R8,400 a year) as a result of three interest rate increases (from 9.5% to 10.5%
Q Hi there, I have saved up R100,000 with the original intention of putting it down as a deposit on a home. But the other day I was searching the property portals and found some Joburg CBD apartments selling for R80,000. I was wondering if I
South Africans in general buy their homes with the help of a bank, committing between 20 and 30 years to paying back the debt funding. But is there a better and quicker way to homeownership (excluding buying using cash)? Property data company, Lightstone Property, flipped
Q Good day, I'm 45 years old and read that others my age, and even retired people, invest in student housing instead of pension funds. I have invested in a Retirement Annuity all my working life and would like to know if I should withdraw a
Q Good day, is the CSOS levy applicable to the security portion of the monthly levy as well. We have two separate entries on our monthly bill: The monthly levy and the security levy. - Bennie A Hi Bennie, yes the CSOS levy is calculated on the total monthly
Debra Maddocks of Tyson Properties last night won three of the most sought-after titles in the property industry, the prestigious International Property Awards 2016 Best Real Estate Agent, South Africa, and Best Real Estate Agent, Africa, and Best Real Estate Agent, Internationally. Maddocks was also recently awarded
National rental inflation is currently sitting between 2.89% and 6.4%, according to TPN Credit Bureau and PayProp Group. Regionally, the Western Cape's rental inflation (12.13%) is almost four times higher than Gauteng's (3.23%), according to TPN. While landlords need to keep trend with national and regional
Q Hi, I have these cracks in my walls that look like spider webs or something. I have heard that cracks are serious and because these cracks are on all the walls I am concerned my house is going to collapse. Please can you tell me
Q Hi, my parents are living in a retirement village in Durbanville, Cape Town. They have received a notice that they must pay, over and above their normal levy, the levy for the Community Schemes Ombud as well. This is a lot of money for retired people
Q My boundary wall has these huge cracks that run from the top to the bottom and I am scared it is going to fall over. What do I do? Please help. - Jenny A Dear Jenny, do your boundary walls look like the below photos? All the cracks