The average deposit as a percentage of the home’s purchase price for Q2 2018 is currently at 14% - this is down 21.8% compared to a year ago! For first-time buyers, however, the average deposit is 12.3% of the home’s purchase price – down by
There have been a number of stories over the past few months where homeowners in financial distress have had their homes sold on auction for a mere fraction of what they are worth. In some instances, these clients’ homes have been repossessed by the lending
Today the Monetary Policy Committee kept the repo rate (6.5%) stable, with prime remaining at 10%.
Here’s what market commentators had to say.
Andrew Golding, CE of Pam Golding Property group
[caption id="attachment_1747" align="aligncenter" width="1632"] Dr Andrew Golding, CE of the Pam Golding Property group.[/caption]
“…growth prospects for the
Did you know that if you have a home loan and something bad happens to you, you could lose your home. If you can no longer afford to make the bond repayments because you get sick, become disabled, or even die, the bank could sell
Today’s Monetary Policy Committee decision to cut interest rates by 25 basis points, means bond holders on a R1m home, paid off over 20 years, now save R170 per month on their bond repayments.
This is according to Herschel Jawitz, CEO of Jawitz Properties, who, along
The real estate industry is being disrupted by the green modular building movement, in the form of prefabricated housing and container homes. It is tragic, however, that this industry’s creativity is not met with equal creativity by the finance sector with efforts to offer loans
Ah February, the month of the RA (retirement annuity) top-up.
To minimise their tax liability those with some extra cash will make an additional contribution to their RA or a voluntary contribution to an employee pension fund before the deadline on the 28th of February.
There is no user manual for all aspects of homeownership, from moving, to taking occupation and to maintaining and understanding common and uncommon defects. Albert van Wyk has more than 38 years’ worth of building experience and has put all he has learned into a
Did you hear the one about the entrepreneur who got his bond approved without a hitch? No? That’s because this is rarely ever the case for entrepreneurs and self-employed individuals. Ironically, entrepreneurs’ permanent employees have an easier, far less suspicion-filled experience when doing a mortgage