Deposits have declined, making homeownership more accessible
The March BetterBond Property Brief reveals that the average deposit required for home purchases declined by 6.8% year-on-year, making homeownership more accessible.
The March BetterBond Property Brief reveals that the average deposit required for home purchases declined by 6.8% year-on-year, making homeownership more accessible.
Improvements in the repo rate tend to take some time to reflect in the property market. According to the February BetterBond Property Brief, homebuying activity is on the up!
According to the January BetterBond Property Brief, we’re starting the new year on a positive foot. Despite a slight dip in the number of home loan applications during December, last year witnessed a turning point in the downward trend of home loan activity, with 6.6% year-over-year growth in the BetterBond home loan index—substantially higher than the current inflation rate of 2.9%.
The December BetterBond Property Brief brings with it a bit of festive cheer; 294 000 new jobs were created in Q3, the declining trend in home loan activity seems to have turned a corner, and there is an impressive year-on-year decline in deposits.
The latest BetterBond Property Brief is full of good news, except for deposits. Compared to Q4 of 2023, it shows that home loan applications jumped by 30%, while the quarter-on-quarter increase was also impressive at 18%.
While the repo rate cut in September wasn’t as much as hoped for, now that interest rates have started what many believe to be a downward cycle, 2025 may well be a bumper year for the home loan industry.
The September BetterBond Property Brief brings welcome news regarding home loan applications, house prices, and the repo rate.
Amid a difficult year for property, Mpumlanaga recorded the highest real-term price increases (above inflation). What is driving this growth?
What is happening in Mpumalanga and more in the August BetterBond Property Brief.
Following a national election outcome that has been well received, the new government of national unity (GNU) is committed to preserving the country’s constitution and maintaining the principle of private property rights. In the July BetterBond Property Brief, the focus returns to the repo rate.