How much property you can afford by Salary in South Africa

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How much property you can afford by Salary in South Africa
Discover how much property you can afford on your salary in South Africa in this eye-opening video. We break down the factors that determine your affordability and provide valuable insights to help you make informed decisions when considering purchasing a house. Watch now to learn more!
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Пікірлер: 75

@louisreynhardt 2 ай бұрын

BUY My Property Course here : payhip.com/LouisReynhardt

@lil2sylas 2 ай бұрын

Dankie...

@louisreynhardt 2 ай бұрын

Pleasure my friend 🙏🏻🙏🏻

@tonylancer7367 Ай бұрын

The tip of incorporating levies and taxes into your monthly is genius, I’ve been getting excited looking at “expensive properties” and affording it on paper but missing the levies, taxes and other regular calculations like transport.

@louisreynhardt Ай бұрын

Thanks for your comment. Absolutely, theres many costs involved in property ownership. You need to be aware of all the cost before jumping into it. Thanks for watching

@Sandra-vl7qy 2 ай бұрын

I think estate agents should explain rates and levies more openly to prospective buyers. I own a duplex in Cape Town. Out of the 10 owners, only 3 of us are up to date with our levies. The rest are in arrears!!!! Clearly they didn't factor that in to their calculations when buying.

@louisreynhardt 2 ай бұрын

Absolutely, its very hard to find good agents that actually know what they are doing. The majority of them (not all) are just salespeople working for commissions and dont know anyhting about the investment side of property.

@johnmajor9564 2 ай бұрын

I am sorry but how is that possible!? If someone doesn’t pay legal action must immediately result.

@louisreynhardt 2 ай бұрын

It happens more often than not. Legal action is normally taken, but it won't change the situation immediately.

@Sandra-vl7qy 2 ай бұрын

@@johnmajor9564 Unfortunately "immediately" is not a word in the legal vernacular. And as long as it takes (maybe a year, maybe more) debts keep mounting up. It's really not an easy problem to solve.

@johnmajor9564 2 ай бұрын

In my world pacta sunt servanda still means something….

@makgabomahopo 2 ай бұрын

Straight to the point, always insightful! Thanks Louis!!!

@louisreynhardt 2 ай бұрын

Thanks for watching 🙏🏻 Appreciate the support so much 💪🏻

@Zangettsu_ZA 2 ай бұрын

Western Cape prices are crazy. Can barely get a 3 bedroom 2 bathroom house for under R2.6mil to R3.0mil. We bought a 2 bedroom house in a secure estate two years ago for R1.8mil. It is now worth R2.2 mil minimum. Also the bond went up by R5k pm since we bought due to interest rates increasing. Though expensive we love our home and have made it super efficient. We don't use grid electricity and very little water. And it is absolutely secure with patrolling guards, cameras, and good neighbors. I work from home and leave the doors open most of the time without any worries. And this to me, is priceless.

@louisreynhardt 2 ай бұрын

Thanks so much for sharing. I can just imagine how much satisfaction it brings to live in comfort. The Western Cape market is so expensive. It's really difficult to find good deals for decent prices.

@BoituS93 2 ай бұрын

Great education. If most agents and sellers were like this. Then it will help. There's some dishonesty in the property sale industry

@louisreynhardt 2 ай бұрын

I agree, There is a small number of great agents out there. Most of them are just working for commission

@snivels 2 ай бұрын

I bought a house mid-covid when the interest rates were great, the house bond was really affordable and things were looking great. Come end of covid and the Russian war starting and the massive spike in interest rates and I was quickly paying 12k per month more than when I moved in just a month or two before. It became unaffordable real quick.

@louisreynhardt 2 ай бұрын

Thanks for sharing. The higher interest rate makes a huge difference. It's scary how much more you pay per month compared to covid times.

@dn822 2 ай бұрын

Hoe presies betaal mens die ding vinniger af?

@KopanoMathunye 2 ай бұрын

Man thank you for sharing such important information. Majority of the people, including me don’t know this information

@louisreynhardt 2 ай бұрын

Its an absolute pleasure. Thanks for watching 💪🏻💪🏻

@phaphamanibantwini9685 2 ай бұрын

Great tips brother. Helpful video. Thanks.

@louisreynhardt 2 ай бұрын

Thanks for watching 💪🏻💪🏻Appreciate the support 🙏🏻

@pozephiri2712 2 ай бұрын

Hi Louis, thanks for introducing tax Tim to your video.

@louisreynhardt 2 ай бұрын

Pleasure, such a useful website 💪🏻💪🏻

@johnmajor9564 2 ай бұрын

Dankie vir daai belangrike video. Baie interessant.

@louisreynhardt 2 ай бұрын

Pleasure, dankie vir die support 💪🏻💪🏻

@its_bobhermanus 2 ай бұрын

I'm new here, I love your afrikaans accent 😅

@louisreynhardt 2 ай бұрын

Thanks my friend appreciate the possitve feedback. Im very afrikaans so I try my best 🤣🤣🤣

@onkerudah5619 2 ай бұрын

New here as well, first thing I noticed is the Afrikaans accent, I love that he is authenticity. Dit is 'n paar waardevolle kennis. Louis, Danko bhuti 🙏🙏

@its_bobhermanus 2 ай бұрын

@@louisreynhardt I'm black and my surname is Hermanus, I don't even how to speak Afrikaans 😅 always appreciate a genuine accent, literally made me love my country's diversity without the bullshit.

@jurellegovender 2 ай бұрын

Great video Louis! Question: What are your thoughts on property rental management services such as Propr, etc? Are they worthwhile in terms of eliminating the "hassles" that come with renting out property? Could be a good video idea if you haven't recorded one already.

@louisreynhardt 2 ай бұрын

Thank you so much for watching. That's a great video idea. I will look into it and try to post about it asap. Thanks again

@jurellegovender 2 ай бұрын

Awesome! Looking forward to that.

@Mzwambedu 2 ай бұрын

Am I the only one scared of debt & bonds are the worst kind. Buying cash is like a miracle

@louisreynhardt 2 ай бұрын

You are definitely not the only one. There is a common misconception that all debt is bad. But actually, consumer debt is bad. Debt overall can be good. Education is key. Thanks for sharing

@NtokozoChristian 2 ай бұрын

Extremely powerful and informative 🙌🏼💯

@louisreynhardt 2 ай бұрын

Thank you so Much. Appreciate your comment 🙏🏻

@funekamohaule2018 2 ай бұрын

Such useful information ❤

@louisreynhardt 2 ай бұрын

Thanks for commenting and supporting the channel 💪🏻

@katlegoratshidi5070 2 ай бұрын

this is very informative, thank you.

@louisreynhardt 2 ай бұрын

You are very welcome 🙏🏻

@brianmbayiwa8116 2 ай бұрын

Love the tips , soon to buy my 1st property

@louisreynhardt 2 ай бұрын

Thats awesome. Well done my friend. Enjoy the process 👏🏻

@OratileDabula 2 ай бұрын

Please explain more on buying a vacant land with a bond

@louisreynhardt 2 ай бұрын

Have you watch my vacant land video yet ?

@AgKeClva_ 2 ай бұрын

Dont forget you also need life insurance and property insurance

@louisreynhardt 2 ай бұрын

Absolutely, thanks for adding it to the comments 💪🏻

@valenciafass4703 2 ай бұрын

May I ask why one needs life insurance?@@louisreynhardt

@SHANE-pf7zf 2 ай бұрын

Great content Louis 👌

@louisreynhardt 2 ай бұрын

Thanks brother appreciate the positive feedback 🙏🏻

@Sibusiso43 10 сағат бұрын

Recently registered a new company. Want to buy property under company name,using bond. is this possible. Pls help

@therealbongamkhize 2 ай бұрын

Thank you so much for this information.

@louisreynhardt 2 ай бұрын

Pleasure my friend, thanks so much for watching 💪🏻💪🏻

@therealbongamkhize 2 ай бұрын

@@louisreynhardt I would like to see a video where you give us pros and cons of buying a property using business finances. Let me subscribe to your channel actually

@louisreynhardt 2 ай бұрын

@therealbongamkhize welcome to the channel my friend. Ill look into it In the meantime you can browse around in my property playlist 💪🏻

@TheTruthIsFiction 2 ай бұрын

You put down 24000 for monthly salary which is top 10% and you say you need a loan for 5500 which is top 50% to pay 750000 rand, a very small amount in Australian standards. It shows how poor most people are in South Africa.

@nombulelonhlapo4802 2 ай бұрын

Just found your channel. Great job. Can you tell me if it's possible for the rates price in Rosebank Cape town's houses which are almost the same size? To be way way different. Like difference to be thousands?

@louisreynhardt 2 ай бұрын

It can be, depending on the zoning. It's also based on the valuation of the property. It can be a couple of things.

@ThinkleTink 2 ай бұрын

Sorry is this based upon total houshold income forlets say myself and my spose, say we both wwanted to take out a home loan and gert pre approval and we have lets say 35K between us both.

@louisreynhardt 2 ай бұрын

So effectively whatever amount you receive alone or together, 30% of that gross amount can be used to calculate your affordability. So with R35k as a couple you can qualify for around R10 500 per month. Hope that answers your question 🙏🏻

@ThinkleTink 2 ай бұрын

@@louisreynhardt It does indeed, Thank you. Were not looking into buying something Sectional Title (Complex) to start with, looking for freestanding house around 1.1/1.2 Bar that we can renovate as our first place.