The most recent data shows that the average house price for Q4 2022 was R1 422 992.
The latest Rode’s Report on the South African Property Markets for 2023 showed that prices grew by 2.5% in the first two months of the year, versus 4.2% growth in 2022.
The slowdown in house price growth makes it a buyer’s market and a good time to get your foot on the property ladder.
To get an idea of what you can afford, you should get prequalified. You can get prequalified by contacting an expert at ooba Home Loans or by using our free, online prequalification tool, the Bond Indicator.