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Potential home buyers should not wait to buy

Potential home buyers should not wait to buy

The average home price paid by first-time buyers has risen by a modest R37,000 in the past 12 months, but the average home loan installment has increased by almost R700 a month. This is despite the fact that buyers are…

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Estate agents happy with Gordhan’s transfer duties exemption

Estate agents happy with Gordhan’s transfer duties exemption

Estate agents have welcomed the increase in the threshold for exemptions from transfer duties on properties to R900,000 (from R750,000), saying the move would provide some relief for first-time home buyers. This is  despite the upward adjustment by Finance Minister Pravin Gordhan set to cost the fiscus R448m in foregone taxes.…

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