Property is still a good investment, but not for the reasons many South Africans think. For generations, South Africans have been told that owning a home is the ultimate wealth-building strategy. It's advice that has become almost financial gospel:...
Robyn Kymdell, admitted attorney at Foreign Buyer Property Solutions, delves into the minutiae that need to be considered when determining how much capital gains tax needs to be paid on the sale of one’s primary residence. In his 2026 Budget...
When selling your home, one of the less frequently discussed (but important) considerations is the need for several Certificates of Compliance (CoCs). These CoCs are required prior to the official transfer of a home, as proof that some of the...
Michelle Phillips, Senior Attorney: Exchange Control & SARS Engagement at Tax Consulting SA, breaks down the sometimes confusing rules that govern the amount that banks are allowed to lend to a foreigner who wants to buy a property in South...
Gavin Lomberg, CEO of ooba Home Loans, has some practical advice if you find yourself turned down for a home loan. Contrary to popular belief, a rejected home loan application does not necessarily signal the ‘end of the road’ on your homebuying...
Wendy Beaumont, Executive for Unsecured Lending at Nedbank, looks at the pros and cons of taking out a personal loan versus refinancing your existing home loan in order to pay for renovations. Property is one of the most valuable assets you can...
Homeownership represents a significant milestone for many South Africans, but the true cost extends far beyond the purchase price. In our latest Money Bootcamp discussion, Mapalo Makhu and I unpack the unexpected expenses that can catch first-time...
Marriage and homeownership are two significant life milestones, and they’re often closely linked. But as relationships evolve, circumstances can change and when two people who co-own a property decide to go their separate ways, it raises various...
Growing demand for rental properties – combined with limited availability – has made South Africa’s housing market a fertile hunting ground for fraudsters. Rental scams are on the rise, as prospective tenants scramble for accommodation. Rising...
With short-term letting – and more specifically, letting through Airbnb – ramping up in South Africa, disgruntled owners and tenants are voicing their concerns when it comes to short-term letting properties contained in complexes, estates and...
The recent rate cut provides a great opportunity for you to make a dent in your mortgage. When the Monetary Policy Committee recently voted to cut interest rates by 25 basis points, many households – especially those with mortgages and car finance – would have heaved...
Buying a home or a car is one of the most significant financial decisions you'll ever make. It can be an exciting journey, filled with dreams of new beginnings and the thrill of ownership. But, as our latest podcast episode reveals, it’s also fraught with hidden costs...
The Discovery home loan is the latest product from the financial giant, offering an interest-rate discount to qualifying clients. But is it worth switching? Discovery Bank recently launched its home loan offering, which is a joint venture with SA Home Loans. As usual...
This year, almost half of the world's inhabitants will head to the polls to elect their new governments, including eight of the world’s 10 most populous countries. “In South Africa, we can expect our own election to put the property market into a temporary holding...
The prevailing interest rate is one of many factors that influence the decisions being made by home buyers and sellers. With interest rates currently high, prospective buyers and sellers must carefully evaluate the implications of their decisions. Last year was...
A pension-backed home loan is an alternative form of housing finance where a person uses their pension savings as security for a home loan. When you apply for a home loan, the bank will consider the property as security for the loan but will also look at your risk...
Investing in property can be a great investment, but be sure that you understand the risks. I recently ran a survey on social media to understand what asset classes people invest in. The majority of women prefer property over investments such as unit trusts or...
Hundreds of thousands of South Africans have paid-up home loans which may still be costing them money. Homeowners may not be aware that in some cases, their paid-up mortgage will continue to attract fees unless they have canceled the bond over the property and have...
For most landlords, evicting a tenant is a last resort. It is a complex, expensive process that takes a long time and is emotionally taxing. However, with the Q2 2023 PayProp Rental Index revealing that the number of tenants in arrears has risen to an alarming 18.4% –...
For most young people buying a home is a financial priority, but a home is a significant purchase and it’s important to get your finances in order first. Two of the Absa/City Press Money Makeover contestants are preparing for this big step. Molefi has no short-term...