1 | Number of Properties on the Market - Property24 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2 | No. of Beds | Dec '21 | Jan '22 | Feb '22 | Mar '22 | Apr '22 | May '22 | ||||
3 | 0 bed | 33 | 36 | 38 | 37 | 39 | 0 | ||||
4 | 1 bed | 287 | 279 | 264 | 293 | 319 | 0 | ||||
5 | 2 bed | 1 195 | 1 215 | 1 206 | 1 275 | 1 227 | 0 | ||||
6 | 3 bed | 1 271 | 1 341 | 1 348 | 1 452 | 1 454 | 0 | ||||
7 | 4 bed | 465 | 452 | 423 | 466 | 404 | 0 | ||||
8 | 5+ bed | 199 | 220 | 269 | 275 | 255 | 0 | ||||
9 | Other* | 220 | 217 | 200 | 202 | 191 | 0 | ||||
10 | All | 3 670 | 3 760 | 3 748 | 4 000 | 3 889 | 0 | ||||
11 | |||||||||||
12 | The Impact that Interest Rates have on Sale Pricing and Affordability | ||||||||||
13 | |||||||||||
14 | Current | What the offer Will be | |||||||||
15 | Expected Prime Interest Rate next NPC Meeting | Purchase Price | R2,800,000.00 | Purchase Price | R2,645,000.00 | ||||||
16 | Interest Rate | 8.50 | Interest Rate | 8.50 | |||||||
19 | Monthly Affordability | R24,299 | Monthly Affordability | R22,954 | |||||||
20 | |||||||||||
21 | Current Prime Interest Rate 2022-05-20 | Purchase Price | R2,800,000.00 | Purchase Price | R2,645,000.00 | ||||||
22 | Interest Rate | 8.25 | Interest Rate | 8.25 | |||||||
25 | Monthly Affordability | R23,858 | Monthly Affordability | R22,537 | |||||||
26 | |||||||||||
27 | Skipped | Purchase Price | R2,800,000.00 | Purchase Price | R2,645,000.00 | ||||||
28 | Interest Rate | 8.00 | Interest Rate | 8.00 | |||||||
31 | Monthly Affordability | R23,420 | Monthly Affordability | R22,124 | |||||||
32 | |||||||||||
33 | Skipped | Purchase Price | R2,800,000.00 | Purchase Price | R2,645,000.00 | ||||||
34 | Interest Rate | 7.75 | Interest Rate | 7.75 | |||||||
37 | Monthly Affordability | R22,987 | Monthly Affordability | R21,714 | |||||||
38 | |||||||||||
39 | Prime Interest Rate as of 2022-01-28 | Purchase Price | R2,800,000.00 | Purchase Price | R2,645,000.00 | ||||||
40 | Interest Rate | 7.50 | Interest Rate | 7.50 | |||||||
43 | Monthly Affordability | R22,557 | Monthly Affordability | R21,308 | |||||||
44 | |||||||||||
45 | Prime Interest Rate as of 2021-11-19 | Purchase Price | R2,800,000.00 | Purchase Price | R2,645,000.00 | ||||||
46 | Interest Rate | 7.25 | Interest Rate | 7.25 | |||||||
49 | Monthly Affordability | R22,131 | Monthly Affordability | R20,905 | |||||||
50 | |||||||||||
51 | Prime Interest Rate as of 2020-07-24 | Purchase Price | R2,800,000.00 | Purchase Price | R2,645,000.00 | ||||||
52 | Interest Rate | 7.00 | Interest Rate | 7.00 | |||||||
55 | Monthly Affordability | R21,708 | Monthly Affordability | R20,507 |