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How much of your salary should you spend on a house?

As a rule of thumb, you should set aside 30% of your salary for repaying a bond. This has been settled on as a safe number because it leaves room for living expenses.

It’s a realistic amount to set aside for a home loan. Going too far above this is risky.

Use our Bond Calculator to determine how much you’ll have to pay for a home loan so you can budget accordingly.

Research from Lightstone property showed the minimum salary for buying a home to be around R22 600 (assuming a 20-year repayment term). But if you’re a low earner, you have the option of applying for First Home Finance (formerly known as FLISP), a government subsidy aimed at first-time homebuyers with an income ranging from R3 501 to R22 000 per month.

Get prequalified for a home loan today

DIY with our online prequalification tool, or speak to an expert.


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Average rating of 4.86 from over 4 550 reviews

Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

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Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

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Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M

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