Repo cut rate creates unique opportunity for buyers

May 22, 2020 7:54:00 PM Share this:

The South African Reserve Bank (Sarb) announcement to cut its repo rate by another 50 basis points to 3.75% on Thursday, taking the prime lending rate to 7.25%, makes it far more affordable for buyers to invest in real estate during these uncertain times. The bank’s repo rate cuts this year totals 275 basis points or 2.75%, as it slashes rates during Covid-19 economic pressures.

Read more

Topics: Harcourts South Africa, repo rate cut, Buyers market, South African Markets, COVID-19

Agency commission debate a product of the economy

Oct 12, 2018 10:24:16 PM Share this:

In recent years the commission of estate agents has been a point of contention, especially within industry circles. In the past few months it has certainly risen to the fore again as a product of economic circumstances which has influenced the demand and value of property in certain key markets, like the major metros and surrounding areas. 

Read more

Topics: Harcourts South Africa, Harcourts Academy, Real Estate Agents, Buyers market, estate agent comission

Which Market Are You In

Oct 1, 2018 8:00:00 AM Share this:

The average time it takes to sell a home indicates the market climate. It is very important a seller understands which market they are in and the average time it is takes to sell a property. Ask your sales consultant about the current market in your location.

There are three types of market climates:

Read more

Topics: Residential, Buyers and Sellers, Buyers market, Sellers market

Buy investment property on a low income

Sep 3, 2018 8:00:00 AM Share this:

There is no sugar-coating the fact that if you are a low-income earner, buying an investment property will require a lot of discipline and sacrifice.

There are a number of challenges to overcome, but although income level is a factor when it comes to borrowing money for investment, there are a lot of other aspects at play, many within your control.

Read more

Topics: Buying, Property Investment, Buyers market

Increased lending positive for property market

May 2, 2018 10:54:48 PM Share this:

Statistics released by bond originator, ooba, in their latest "oobarometer" for the first quarter of 2018, reflecting banks increased willingness to lend money is fantastic news for the real estate market in South Africa.  

According to ooba  in the first quarter of 2018 they recorded the highest home loan approval rate in over ten years since the National Credit Act was implemented. With an increase of 4.9% compared to the first quarter of 2017.

Read more

Topics: Richard Gray, Harcourts South Africa, Property Markets, Buyers market, Ooba