The Aura is an exciting new Reeflords development which is perfect for families with children of all ages.
There are 356 apartments available, including studio, 1-bed 1-bath, 2-bed 1-bath, and 2-bed 2-bath options.
These homes boast pet-friendly gardens, free-flowing landscaping, and multiple children’s play areas.
The Aura apartments also offer modern finishes and Wi-Fi-ready foundations, while the development further boasts a modern clubhouse with braai facilities, a refreshing swimming pool, and a state-of-the-art indoor gym.
It is situated in the prime Northgate area on the corner of Northumberland and Aureole Avenues and boasts easy access to highways and utilities – including Northgate Shopping Centre, The Dome, Kids College Nursery School, and Northgate High School.
The Aura is fully equipped with 24/7-hour security to ensure that you and your family are safe at all times.
Images of The Aura are shown below.
Applying for a bond
If you are considering buying your first home, here is a checklist that you should follow before applying for your bond.
Will you pay a deposit?
New developments usually don’t require a deposit, but this means that your monthly repayments will increase to compensate.
If you are willing to pay a deposit, this will reduce your monthly repayments as well as the interest you will need to pay over the course of your bond.
How much can you pay each month?
It is important that you consider how much money that can be set aside to repay your bond each month.
This means you need to take into account your monthly expenses and then determine what you will have left over to put into your bond.
As a guideline, your bond affordability amount should be approximately a third of your salary, but this is not a hard and fast rule.
Are you applying alone?
Your marital status will be considered by the bank when it reviews your bond application.
If you are married in Community of Property the bank will consider both of your financial statuses to determine what size bond you qualify for, whereas if you are not, you are then eligible to apply on your own merits and the contract will be between you and the bank exclusively.
You can apply with a friend, relative, or anyone else, and your financial statuses will all be considered together.
What bond repayment period do you want?
The most common bond repayment period is 20 years – however, this can vary from 10 years in some cases to even 30 years in others.
The longer the loan term, the lower the monthly instalments – but the more interest you will pay over the period.
To help home buyers, Reeflords works with BetterBond to compare interest rates across seven banking institutions for free.