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
If you’re a first time buyer, then you are probably only just beginning to realise how expensive furniture can be. That three-piece lounge suite you’ve had on your “Dream Home” inspiration board probably seems like nothing but an unrealistic fantasy to you now. But, a
You may have driven past Umthunzi Valley on Walton Road in Midrand, or received a flyer at a nearby traffic intersection, but you have not had the time to stop in for a look around.
No matter; we've got you covered.
Umthunzi Valley, developed by family-owned Foce
First time home buyers often get caught by surprise when banks ask for a deposit in order to secure a home loan.
“When applying for a home loan, banks will access your credit status to establish whether you will be able to meet the bond payments.
Gauteng first-time buyers and investors, the popular Property Buyer Show is coming to town this weekend (28 and 29 October 2017).
“Prospective first-time buyers and investors will have the opportunity to meet and talk with the relevant experts in each field leaving them with a holistic
According to Shaun Rademeyer, CEO of BetterBond, the current market is looking promising for first-time buyers.
“The slight decrease in interest rates in July means that it is easier to qualify for home loans – and there may be further decreases later this year. At the
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
With the job market constantly evolving, an increasing number of people are working from home; this makes it far easier for professionals to relocate anywhere.
This is exactly what Leigh Andrews and her husband did four years ago; they were both working from home in their
Dear perpetual tenant, nothing.
According to Payprop's Q1 2017 Rental Index the average age of tenants have increased to 39, while the average age of first-time buyers have now increased to between 41 and 45 across South Africa's provinces. The income of the average, 39-year old
Johannesburg’s Soweto region (Diepkloof-Soweto-Meadowlands-Pimville) has been the city’s star performer, with a five-year cumulative house price growth rate of 37.35%. Sandton, however, has only inflated 22.66% since early 2012.
This is according to FNB’s household market strategist, John Loos, who said the “former township” regions can