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With interest rates starting to drop, now may be the ideal time to consider a buy-to-let investment, says Bradd Bendall, BetterBond’s National Head of Sales. “When it comes to buying a home, whether to live in yourself or rent as an income-generating investment, affordability is always a concern.” After months of high interest rates, many potential buyers have been forced to rent, rather than buy.
Payprop notes that rental demand continues to grow, with StatsSA reporting that almost a quarter of the 19 million households in the country live in rented accommodation. “With this in mind, those with the financial means to invest in property have considered buy-to-let home loans as a long-term financial decision,” adds Bendall. “We are hearing anecdotally from our estate agent partners that younger buyers are investing in new developments or properties below the R1.
Not all provinces are equal when it comes to the return on investment for buy-to-let properties. Semigration and the demand for coastal living makes the Western Cape one of the prime buy-to-let property markets, says Bendall. “As noted in PayProp’s Q2 report for 2024, rentals in this province have increased by 9.7% year on year.”
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