With more affordable property prices and bank approval rates at historical high levels, coupled with easing deposit requirements and lower interest rates, this may be the best ever opportunity for first-time buyers to buy a home.
While having a bond may not be a priority when you’re in your twenties, starting your property journey as soon as you are financially able will provide financial stability and make it easier to expand your property portfolio as your needs change, adds Carl Coetzee, CEO of BetterBond.
“Besides the ‘want’ there’s the ‘need’ for financial security and property is an excellent investment. The ‘forced saving’ of putting part of your salary into a home loan on the property you live in makes far better financial sense than paying rent to cover someone else’s bond,” says Paul Stevens, CEO of Just Property.
But to get a home loan, you’ll need a good credit rating, check affordability and get prequalified.
Find out what home loan amount
you could qualify for
These bargain stater homes in Midrand, Montana, Boksburg and Kempton Park are some of Property24's most viewed homes last month for under R2m.
1. Brand-new home in Midrand R450 000
This picturesque development, One on Heather is set in a prime location in Midrand and is close to the Gautrain station. The studio apartment offers a chic kitchen, spacious bedroom and communal green space for ground units.
Click here to view.
2. Easy-family living in Pretoria for R645 000
This two-bedroom, one-bathroom fibre-ready apartment in Montana offers beautiful features and finishes, 24-hour security, private gardens, access to a communal pool, gym and braai facilities, and it is close to many amenities.
Click here to view.
3. Modern living in Dawn Park
Set in an enclosed upmarket estate in Boksburg, this modern two-bedroom, one-and-a-half bathroom home is close to schools and many amenities. It offers alluminium windows and hip tiled roofs, recreational facilities and a spacious private park lawned with a lapa.
Click here to view.
4. Well-priced family home in Kempton Park
Located in a prestigious Swallow Hill Lifestyle Estate, this three-bedroom, two-bathroom offers 24-hour security, a private garden and is close to plethora of amenities.
Click here to view.
5. Wake-up in paradise in Midrand for R1.699 million
This freestanding three-bedroom, two-and-a-half bathrooms home in Kyalami Hills is such a welcome sight. It has a massive open-plan living room, a well-fitted kitchen and is close to major routes to Sandton, Joburg and Pretoria.
Click here to view.
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