O-YES Properties | Buyer Affordability

Buyer Affordability

 

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