Let us consider the current, positive Buyer sentiment in the Randburg property market. Let’s look at the ABSA Homeowner Sentiment Index (HIS). What is the buyer sentiment in the Randburg property market? There is good news coming. And the sentiment is good.
Positive sentiment in the Randburg Property Market
- A total of 1,149 consumers were surveyed about their current confidence levels in the SA property market, especially whether property as an asset is considered favourably in the long term.
- 82% of all respondents were perceived as being extremely positive about the property market and the growth that a property can generate over time. This is 4% higher than previous surveys.
- One key outcome is that although seller sentiment is slightly muted positive sentiment has increased compared to the previous quarter.
- A lovely highlight includes an uptick of women who now consider it more beneficial to buy rather than rent a Randburg property.
Positive Buyer sentiment for the Randburg Property Market?
- It’s a good, positive sentiment and it’s improving.
- I think the most important thing is that buyers understand why buying a property is more beneficial than renting a property on an ongoing basis.
- Renting does end up costing more in the long run and you have nothing to show for rental costs at the end of a lease.
- But, renting a property does allow more flexibility and offers security to a great extent when interest rates are climbing as we have seen in recent months.
What is our focus in the Randburg Property Market?
- Now more than ever we are focussed on ensuring you have a pre-approval before you even view a property.
- Affordability has been tough. Financial defaults have increased.
- Are you pre-approved is a question you will see and come across often in the current market.
- But as Randburg property professionals we are more focussed than ever.
- We all know how high the cost of living has become and that our economy has not performed well.
- The big trend we are seeing is that renovations are improving property values.
- This bodes well for Buyers looking to buy property in the Randburg property market where a property needs work.
- We now refer to load reduction rather than load shedding.
- Deeds office turnaround times have improved. It takes the Deeds office less time to lodge then transfer a property.
- The Randburg property market is alive and well. The macro factors are tough and we cannot change those things, but being positive and expecting great results after our elections will certainly go a long way to sentiment increasing even more, and interest rates starting to come down as things settle later this year.
- Property remains a healthy and sound investment in the Randburg property market.
- The longer-term benefits of owning your own home in Randburg, certainly outweigh the short-term hurdles we have all faced of late.
Gearing up for better times and positive signals
- Property growth remains in flux. Sellers may want a little more than what their properties are worth, but be open-minded and put forward your best offer.
- Interest rates are elevated at levels. The high is across 15 years. The good news is that the interest rate is expected to come down later this year. Repayment amounts will be reduced. The time to buy is now.
- A Randburg property market sale and transfer will take around 3 months.
- But get pre-approved. Call Sandy on 083 550 1220 and let us help you secure the best rate on your new home loan.
- Bond Originators confirm that bond approval rates are high. Competition is fierce and innovation is high.
Buy a property in the Randburg property market
Nicole Crowe and Sandy Graham have teamed up in the Randburg real estate market. Our little team name is Modern-Day Hannah’s. We are here to help and working as a team creates so many favourable outcomes for our clients. You can actually get hold of us. We arrive early and we would you would too. We are able to offer the level of service that is honestly unrivalled in Randburg, because we are a team. Our engine and our processes are tough and strong and we can and will do a great job on the sale of your Randburg property if you are either thinking about it, have firm plans to sell or need a 2nd opinion on your property sale.
We absolutely stand by the fact that the market has been extremely tough in 2024. The Randburg property market has not performed. Buyers are uncertain about so many things. We have a great deal riding on the outcomes of the elections. Things will improve and life will get better. And we have great properties on the market that you will just love for any budget.
Have you visited our Website?
Gosh, one thing we can say is that if you are looking for information, we have it neatly packaged for you and cover a wide range of topics that are relevant to you in the Randburg property market. Click here to see the range of content we cover. Click here to contact us. And, click here for more info about Nicole Crowe and Sandy Graham who proudly work under the Keller Williams banner. And yes, KW is the most trusted real estate brand in the world. Find out more about our Modern-Day Hannah’s team that works within the Randburg property market.
Reach out
- You can drop me a WhatsApp to Sandy Graham on 083 550 1220.
- Visit our website.
- View our active listings by clicking on our Property24 profile here.
- View the same active listings on Private property, click here for pretty much the same view but on a different portal. And there are about 18 property portals in total.
- We are active on all social media platforms as well.
- And we would just love to help you buy your dream home in the Randburg property market.
- Need to secure the best rate on your new home loan, give me a call on 083 550 1220.
- We are top performers in the Randburg property market and we know how to help when it matters most.
- Keller Williams is the most trusted real estate brand in the world.
- Your “Modern-Day Hannah’s” would love to assist you.