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South African homebuyers, it seems, have heeded the warnings from financial institutions and home loan experts since 2016, and have managed to reduce their short term debt before applying for bond finance. According to Trading Economics April 2018 data, the average South African (not just those

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The average first-time buyer* earns around R37,000 a month, according to statistics by  BetterBond (previously BetterLife Home Loans). The mortgage originator’s numbers demonstrate that first-time buyers accounted for 47.6% of home loan applications in the 12 months to end-June 2017. “They, however, only obtained 29% of all

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The average purchase price between Q4 2015 and Q4 2016 showed positive nominal (including consumer price inflation) growth of 7.1%; while nominal quarter-on-quarter growth from Q3 to Q4 2016 confirms that growth in the property market has slowed significantly. This is according to Rhys Dyer, bond

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