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Single property buyers: What you should know

Wednesday, November 25, 2015

Owning property instead of paying rent seems like a sensible thing to do, especially considering that your rent payments are going towards paying off your landlord's monthly bond repayment. This is particularly true when your rent amount is equivalent to the monthly bond costs ' an amount that yo...

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Latest property stats show increase in residential property prices

Wednesday, November 25, 2015

October property statistics released by ooba, South Africa's largest bond originator, show an increase in residential property prices, despite current weak economic growth. ooba's Average Purchase Price rose by 7.6% year-on-year price to R1,024,953 in comparison to the price growth of 5.7% record...

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Lease terminations 'to be in writing'

Wednesday, November 25, 2015

It is important to have written confirmation of early termination of a lease contract. This safeguards the refund of the security deposit to the tenant and allows the landlord to find a replacement tenant. More importantly, it prevents disputes and long and expensive litigation. A tenant who b...

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"Ill-timed" interest rate hike for SA

Friday, November 20, 2015

With inflation within the target range and a sluggish economy struggling to regain impetus while the country experiences the worst drought in decades, the Monetary Policy Committee's decision to further increase the repo rate by another 25bps was ill-timed, as a stable rate would have helped boost b...

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