With the Reserve banks announcement of a further drop in the interest rate of .25 basis points to 7%, it is great news for new home buyers. This gives a lot of people the opportunity to enter the property market.
Below tables indicates what a buyer can expect when looking at purchasing property, and in which price bracket a buyer will fall based on affordability. We strongly recommend that buyers do a pre qualification through our business partner OOBA in order to determine what they qualify for. This will create a streamlined process when viewing your dream home. For further information on how to benefit out of these interest rates, call one of our property professionals today!
If you want to receive the full income qualification and repayments table, whatsapp me on
082 447 1512