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SAPTG now offers a simple credit check report for only R28.50 including VAT.
Click Here to do a check now!
HOMESOLVE - South African Real Estate
HomeSolve provides a home for independent estate agencies giving them the benefits of brand power and enhanced technology at their fingertips whilst retaining their total independence. HomeSolve is ideal for the property entrepreneurs who value their independence, but who would also benefit from having a giant in their corner.
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Get a quick and easy heads up on consumer’s credit activity and creditworthiness score.
SAPTG now offers a simple credit check report for only R28.50 including VAT. Click Here to do a check now! |
HOMESOLVE - Premium Software
HomeSolve is proud to announce that agencies and agents can now use premium products like Home Explorer to manage properties on HomeSolve. These software also provides plenty of value-adds and access to 3rd party services like SAPTG, DeedsOffice, CIPRO, Credit Bureaus, est. See the Service Directory for more information on this software.
Service Directory...
HomeSolve Hits 1373 Members 1 Year
03 August 2009
03 August 2009
HomeSolve, one of SA's premier online networks exclusively for independent estate agents, hit the 1373 agent and 524 agencies mark in one year, an unprecedented growth rate in the real estate industry.
Launched during 2008, HomeSolve aims to create the largest alliance in the real estate industry of independent estate agencies.
The HomeSolve proposition is attractive for independent estate agencies as membership and advertising of properties on the...
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OOBA, formerly MortgageSA
Pioneered mortgage origination in South Africa and is SA's leading home loan originator placing 1 in every 5 homebuyers into their new homes.
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Interest rates now down 6.5% since December 2008 – the Prime rate is now at 9%, the lowest since 1974.
The South African Reserve Bank cut the Repo rate by 0.5% on 18 November to 5.5%. This takes the Prime Rate to 9.0%, the lowest since April 1974. The last interest rate cut of 0.5% was in September this year. The interest rate cut was motivated by an improved domestic inflation outlook, sustained currency strength, persistently low growth in the United States and renewed quantitative easing, which should continue to support capital flows into emerging market economies. The Reserve Bank is expecting an average inflation rate of 4.3% for 2010 and 2011, increasing to 4.8% in 2012. While a number of cost-push factors are beginning to pose some upside risk to domestic inflation, the overall risks to the inflation outlook are assessed to be fairly evenly balanced. The scope for further interest rate cuts is seen to be limited and interest rates are expected to remain on hold well in 2011 or early 2012.
From a property perspective, using a house value of R1 000 000, and a 20-year mortgage, the 650bps reduction in interest rates since end 2008 would have reduced the home loan repayment by in excess of R4 500 a month. Over the past 18 to 24 months, there has been a very significant downward adjustment to the cost of debt (Kevin Lings, STANLIB).
History of South African Prime Rate
The South African Reserve Bank cut the Repo rate by 0.5% on 18 November to 5.5%. This takes the Prime Rate to 9.0%, the lowest since April 1974. The last interest rate cut of 0.5% was in September this year. The interest rate cut was motivated by an improved domestic inflation outlook, sustained currency strength, persistently low growth in the United States and renewed quantitative easing, which should continue to support capital flows into emerging market economies. The Reserve Bank is expecting an average inflation rate of 4.3% for 2010 and 2011, increasing to 4.8% in 2012. While a number of cost-push factors are beginning to pose some upside risk to domestic inflation, the overall risks to the inflation outlook are assessed to be fairly evenly balanced. The scope for further interest rate cuts is seen to be limited and interest rates are expected to remain on hold well in 2011 or early 2012.
From a property perspective, using a house value of R1 000 000, and a 20-year mortgage, the 650bps reduction in interest rates since end 2008 would have reduced the home loan repayment by in excess of R4 500 a month. Over the past 18 to 24 months, there has been a very significant downward adjustment to the cost of debt (Kevin Lings, STANLIB).
History of South African Prime Rate