Table Illustrating the Deposit Interest Accrued at the Historical Interest Rate of 7.25 %
Table Illustrating the Deposit Interest Accrued at the Current Interest Rate of 9.75 %
These possible earnings are calculated on the average length of time it takes for a property to transfer , with three months being a relatively short time to see maximum earnings . However , in instances where there are delays in the process or when buying off-plan , a deposit can accrue interest for up to two years until the transfer is complete .
SA Real Estate Investor Magazine DECEMBER 2022 / JANUARY 2023 87