ITS MY HOUSE: These are the most popular township across all price bands in the past 6 months
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GUEST – Robert Murray - BetterBond Regional Manager of Gauteng North
First-time buyers drive SA’s township property boom First-time buyers looking for affordable housing options are drawn to South Africa’s traditional township property markets where most of the transactions taking place are around the R750 000 price point, says BetterBond. “Less than 14% of BetterBond's registered bonds in township areas between January and May this year were above R1 million, and only one was more than R2 million.
In this price band, Shoshunguve in Pretoria, Protea Glen and Protea North in Soweto and Ivory Park in Thembisa offer considerable value for money.” To afford a bond of R750 000, a buyer needs a gross household income of around R27 000, well within BetterBond’s first-time buyer average income of R43 800.
First-time buyers drive SA’s township property boom First-time buyers looking for affordable housing options are drawn to South Africa’s traditional township property markets where most of the transactions taking place are around the R750 000 price point, says BetterBond. “Less than 14% of BetterBond's registered bonds in township areas between January and May this year were above R1 million, and only one was more than R2 million.
In this price band, Shoshunguve in Pretoria, Protea Glen and Protea North in Soweto and Ivory Park in Thembisa offer considerable value for money.” To afford a bond of R750 000, a buyer needs a gross household income of around R27 000, well within BetterBond’s first-time buyer average income of R43 800.
