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South African mortgage originators offering rates as low as prime less 2.5%

Goulburn Mortgage Originators can arrange a home finance home buyers with ABSA, FNB, Nedcor or  Standard Bank. They will get you the best deal in no time.

 

MortgageSA, winner of the Top Non-Listed Company award, pioneered home loan origination in South Africa by re-engineering the home loan application process, and today is South Africa’s leading home loan facilitator, placing one in every five homebuyers into their new homes.

 Let us help you with your home loan.

BestBond makes getting a home loan in South Africa very easy. Let BestBond submit a home loan application on your behalf to up to 10 affiliated banks in South Africa simultaneously and FREE of charge, leaving you free to do the dreaming.

 

What is going on in the property market?

Wed, 28 Jun 2006
There seems to be a general misconception that property prices are falling, but the reality is that the rate of growth is declining and not the actual prices. The growth rate slowed down to 21% in February and fell to 18% in March. The general consensus is that the rate shouldn't go below 11% this year.

The demand for property differs from region to region and also in different price segments e.g. there is better growth in Gauteng and the coastal areas. Coastal properties tend to sell quicker than their non-coastal counterparts. At the start and during the boom luxury houses outpaced less expensive property, but more recent statistics shows that the middle price ranges do better than expensive properties.

According to SARB, our household indebtedness has increased to unprecedented levels, which causes interest rate hike concerns. This is probably one of the biggest reasons for the recent interest rate hike of 50 basis points.

Interest rates play a big role in the property market because it reduces the amount of disposable income we have, and thus property becomes less affordable to the majority of us. Hopefully the people of South Africa listen to the reserve bank's warning of not to spend money we don't have, and to start saving.

So, if you where to buy a property now, you would still get a return on investment which beats inflation. There are many factors which can turn an economy on it's head, like ever increasing oil prices, but if you approach your property as a long term investment, then it's difficult to go wrong.

Article supplied by Generic Icon, www.gicon.co.za - South Africa Property Directory

 

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