Real Estate Investor Magazine South Africa August/September 2019 | Page 21

RESIDENTIAL Focusing on residential property, this section aims to cover various subjects, from maintenance, legal matters, finance and more. 20 Budgeting for your first home Key tips of advice on how to manage your finances when purchasing your new asset. 22 29 Where can you turn for help in a rental dispute The Rental Housing Tribunal of South Africa provides mediation through various tenant and landlord disputes, resolving cases for both parties. Four online property courses Upskill your knowledge in investment, finance and property with these online programs. TOP TRENDING FOR RESIDENTIAL ONLINE Visit www.reimag.co.za for the latest updates online. SA Property market hits Home loans approving, the sweet spot for first time especially for first time buyers home buyers According to reports, since post- elections there has been an increase in homebuyer activity paired with the competitive lending conditions and lower inflation figures – it’s a ‘buyer’s market’. Banks are improving their lending criteria as they are competing for home loans by offering finance at more attractive terms regardless of the country’s precarious economy. Impact of an interest rate cut on the property sector With the South African Rand Bank announcing the 0.25% interest rate cut, home loans will be more affordable for South African home buyers. SA Real Estate Investor Magazine AUGUST/SEPTEMBER 2019 19