The FNB House Price Index for 2016 as a whole rose by 5%, slower than the 7.2% and 6.5% for 2014 and 2015 respectively.

Ratings agency Standard and Poor’s will today make its decision public on South Africa’s credit rating.

Gooderson experiences some disappointing years since it relisted on the JSE in 2006.

This is according to Finance Minister Pravin Gordhan who tabled the 2016 Budget during a joint sitting of the National Council of Provinces (NCOP) and the National Assembly, in Parliament, on Wednesday.

Transport and Human Settlements Ministers have signed an agreement to transfer 72 hectares of land from South African National Road Agency Limited (SANRAL) to the Housing Development Agency (HDA).

JSE newcomer Stor-Age Property REIT has followed its November 2015 listing debut with strong growth momentum, despite the current turbulence in the local economy.

Ooba says the decision today by the South African Reserve Bank to increase interest rates by 0.5% from 6.25% to 6.75% will negatively impact the residential housing markets as many consumers are already facing increasing financial strain through dealing with elevated levels of debt and the rising cost of living expenses.

Listed property returned 7.99% to its investors, outstripping cash’s 6.46%, equities 5.13% and bonds’ -3.93%, according to figures from Catalyst Fund Managers.

With house prices in most capital cities becoming beyond the reach of many, a growing number of Australians are deciding to ditch the inner city lifestyle for the more laidback regional centres around the country. 

October delivers 7,7% full year distribution growth; Supported by Residential Market strength.