What bond amount can I qualify for with my salary?

Note: You can use our Bond Calculator to determine what home loan you’ll qualify for based on your gross monthly income.

As a rule of thumb, you should be setting aside no more than 30% of your gross income for home loan repayments.

R54 000 would be the average salary to buy a home in Western Cape; the most expensive province in South Africa. Of course, this will vary from area to area.

This data will also give you an idea of what you need to earn:

Eastern Cape: Average property price = R1 048 847. Average required salary = R32 000 per month.

Western Cape: Average property price = R 1 778 806. Average required salary = R54 000 per month.

KwaZulu Natal: Average property price = R1 482 625. Average required salary = R45 000 per month.

Gauteng: Average property price = R1 500 000. Average required salary = R48 766 per month.

If you want a solid estimation of what you can afford, get pre-approved by contacting an expert at ooba Home Loans or by using our free, online prequalification tool, the Bond Indicator. We will assess your financial situation and determine what you can afford.