Property Brief – September 2024

The latest BetterBond Property Brief is out!

As we head into the warmer months, it is encouraging to see the positivity blooming in the property market. In this issue of Property Brief we can celebrate several green shoots appearing where there was once only doom and gloom. Our data shows that there has been a 6.5% quarter-on-quarter increase in home loan applications. Besides speculation that an interest rate cut is highly likely at the next rate announcement on 19 September, there has also been a consistent decline in the consumer price index. This is good news for our industry and brings much-needed relief for most South Africans who have been buckling under a heavy burden of debt.

The full list of data points included in this Property Brief, is as follows:

In the Economist’s Notes, Dr Roelof Botha unpacks the different reasons why August 2024 turned out to be a bumper month on the economic front. He points out that the most important development was the consumer price index landing at 4.6% – just above the mid-point of the Reserve Bank’s target range. Added to that, he says, the producer price index dropped to an encouraging 4.2% and, even more reassuring is the continuous strengthening of our South African rand. With retail trade sales bouncing back and our GDP improving, the property market is on track for a welcomed recovery.

Get the latest BetterBond Property Brief here every month, as soon as it's published.