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Thursday Mar 29, 2018

What the rate cuts mean for property owners and buyers

The Reserve Bank decided on Wednesday to cut its repo rate by 25 basis points to 6,5% and the prime rate and home loan "base" rate from 10,25% to 10%.

This move will translate, for existing homeowners, into a saving of R151 a month on a 20-year loan of R912 000 - the current average approved bond size, according to Rudi Botha, CEO of BetterBond.

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Wednesday Mar 28, 2018

Repo rate cut welcome boost for property market

The decision by the Monetary Policy Committee of the SA Reserve Bank to cut the repo rate by 25bps from 6.75% to 6,50%, taking the base home loan rate from 10.25% to 10%, is a welcome boost for the economy and property market.

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Tuesday Mar 27, 2018

How to negotiate a fair rental increase

Annual rental increases are an unfortunate fact of life for tenants, and a vital tool for landlords when it comes to covering expenses and protecting their investment.

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Joburg rates increases set for July

Joburg residents face rates and services increases in July.

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Monday Mar 26, 2018

Repossessed property owners dealt a blow

The courts could not place a reserve price on a property when its was sold in execution, the Gauteng High Court, Pretoria, ruled in what could be a blow to thousands who lost their homes, or stand to lose them, after failing to pay the bond.

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Cape semigration slowing

Semigration to the Western Cape has notably declined over the past two years, and it is not just the province's housing sales market that is feeling it, but the rental market too.

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When a landlord should start an eviction process

What happens when the tenant cannot afford to pay the rent anymore but refuses to move out?

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Building regulators, Joburg in spat over developer

Building industry regulators have denied Joburg mayor Herman Mashaba's assertion that they were shielding a property developer.

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Monday Mar 19, 2018

What to do when struggling with home loan repayments

Every buyer goes through a "honeymoon" period when their monthly mortgage bond repayment seems a small price to pay for the pleasures of homeownership.

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Durban objects to La Mercy boom gates

Some La Mercy residents are upset with an objection raised by an eThekwini Municipality roads department official about their installation of boom gates at the main entrance to the neighbourhood in order to curb escalating crime.

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