{"id":174195,"date":"2017-05-10T10:08:15","date_gmt":"2017-05-10T08:08:15","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=174195"},"modified":"2017-05-10T10:21:22","modified_gmt":"2017-05-10T08:21:22","slug":"how-much-the-average-first-time-buyer-is-paying-for-a-house-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/174195\/how-much-the-average-first-time-buyer-is-paying-for-a-house-in-south-africa\/","title":{"rendered":"How much the average first-time buyer is paying for a house in South Africa"},"content":{"rendered":"

South Africa\u2019s largest bond originator, ooba, has released its property statistics for the first quarter of 2017 showing a 3.9% rise in the average approved bond in the country year-on-year.<\/p>\n

The bond specialist also noted that the percentage of deals that were declined by one bank, but then approved by other banks, was down to 30.9% in the first quarter, from 33.4% a year ago.<\/p>\n

Ooba\u2019s resulting approval rate is down from 73% in Q1 2016 to 71.6% now, driven primarily by increased affordability declines in respect of aspirant home buyers whose personal income statements are under more strain.<\/p>\n

The company published the following infographic to outline the current trends in the property market in South Africa as they relate to the financing of a property:<\/p>\n

\"\"<\/a><\/p>\n

\n

Read: Expect banks to charge higher interest rates on your home loan in SA \u2013 expert<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South Africa\u2019s largest bond originator, ooba, has released its property statistics for the first quarter of 2017 showing a 3.9% rise in the average approved bond in the country year-on-year.<\/p>\n","protected":false},"author":10,"featured_media":154981,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,5829],"class_list":["post-174195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-ooba"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/174195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=174195"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/174195\/revisions"}],"predecessor-version":[{"id":174219,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/174195\/revisions\/174219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/154981"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=174195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=174195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=174195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}