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Why is renting better than buying?

Simply put, renting is not better than buying, and you should take that into account when looking for your first property.

If you own a property, your wealth will rise along with the value of the property and you’ll make more profit from selling it. This is not the case with rented properties; if your rent increases, you just pay more rent.

Buying a property may cost more upfront because of the need for a deposit (although you can exclude the need for one by obtaining a 100% home loan), but rent will cost you more in the long term.

Furthermore, current interest rates are the lowest in decades, making it a good time to buy.

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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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