Repo rate unchanged: Impact on homeowners and aspiring buyers.
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GUEST – Bradd Bendall, National Head of Sales at BetterBond.
The South African Reserve Bank (SARB) has once again decided to keep the repo rate unchanged at 7.50%, a move that has significant implications for both current property owners and aspiring homebuyers. With inflation risks still present and economic growth under pressure, many South Africans are wondering whether now the right time is to buy property or if they should wait for potential rate cuts in the future.
Today, we unpack the impact of this decision on the property market, home loan affordability, and consumer confidence in the current economic climate. Will stable interest rates provide relief, or are property buyers still facing an uphill battle? Our expert guest will help break it all down
The South African Reserve Bank (SARB) has once again decided to keep the repo rate unchanged at 7.50%, a move that has significant implications for both current property owners and aspiring homebuyers. With inflation risks still present and economic growth under pressure, many South Africans are wondering whether now the right time is to buy property or if they should wait for potential rate cuts in the future.
Today, we unpack the impact of this decision on the property market, home loan affordability, and consumer confidence in the current economic climate. Will stable interest rates provide relief, or are property buyers still facing an uphill battle? Our expert guest will help break it all down