Paying off a house just got a little bit more expensive in light of the latest repo rate hike of 75 basis points – making renting a place more attractive. Yael…
Paying off a house just got a little bit more expensive in light of the latest repo rate hike of 75 basis points – making renting a place more attractive.
“The latest rate hike means homeowners with bonds of R2 million – which in today’s market isn’t by any stretch big – will have seen an increase of nearly R4,500 in their monthly repayments in one year. Geffen says the property sector is a significant contributor to the economy, and while the government needs to hedge against inflation, it also needs to protect its populace from plunging into poverty.
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