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The Reserve Bank cut the repo rate by 25bps & just like clockwork, the rats who are paid to sell houses are encouraging people to go out & buy
The usual "influencers"/ estate agents/ mortgage brokers/ banks/ loan sharks/ excavator salesmen
Here's a useful MEGA property thread:
The usual "influencers"/ estate agents/ mortgage brokers/ banks/ loan sharks/ excavator salesmen
Here's a useful MEGA property thread:
1. Does interest rates being low mean houses are automatically cheaper?
No. The costs of financing an asset is independent of the cost of the asset.
No. The costs of financing an asset is independent of the cost of the asset.
2. Okay, are house prices declining? Will they get even cheaper?
Yes, most house prices are declining. All trends point to them becoming even cheaper. Houses prices between R250k - R700k are holding their value while luxury houses are much cheaper.
Yes, most house prices are declining. All trends point to them becoming even cheaper. Houses prices between R250k - R700k are holding their value while luxury houses are much cheaper.
