Guiding consumers since 2009

Now is a good time to invest in property

By Staff Writer
As South Africa continues its slow but steady recovery from the recent recession, industry players in the property market reckon home buyers are finally realizing now is the time to buy as property prices bottom out.

The ABSA house price index showed that the average price for homes in the small to large category have continued to grow at a nominal rate and, according to a CEO of a property agent, it's the first time since the market hit the slump that consumers are sensing it's a good time to buy. 

  • The average price for a small home (80m2 to 140m2) is currently sitting at around R676 800.
  • The value of medium sized homes (141m2 to 220m2) was R953 600 in February .
  • Buying a large (221m2 to 400m2) home will cost you about R1.4m.

With inflation on the rise and the hike in electricity prices, it's expected that the pressure on consumers will continue to mount while the recovery continues at a slow and steady pace.

Whether you're looking for your first home loan to buy a place for you and your family or as an investment or whether you are remortgaging, make sure you have a chat to a professional and take your time before making such a life-changing decision.

Recent Articles

Featured 6 smart ways to select the best medical scheme

It’s important to belong to a medical scheme that offers great benefits at affordable prices. However, due to insufficient knowledge, many people find themselves paying higher premiums for a medical scheme which does not even meet their needs.

Calculate your vehicle finance instalments

You’ve dreamed of a set of wheels since you can remember, and now that you’re a responsible adult with a steady income, you’re ready to take on funding to make this dream a reality. But what kind of vehicle finance options are available to you? Justmoney gives you the rundown.

Check the interest before you take a loan

Justmoney takes a look at what influences the interest rate on a personal loan, the difference between secured and unsecured loans, and its impact on the interest rate.

One retirement, so many funds – pick the right one

Saving for retirement should be one of your priorities. However, it can be confusing to choose between a pension fund, provident fund, preservation fund, or a retirement annuity if you’re not familiar with them.

Deals

Wimpy Cheese Griller Brekkie Special

Price: R49.90
When: Until 9 September
Where: Nationwide

Mowana Spa Me Time Indulge Special

Price: R899
When: Until 31 August
Where: Fourways

Premier Hotels Weekend Getaway Special

Price: From R540
When: From 1 September
Where: Nationwide