November property statistics released by ooba, South Africa’s largest bond originator, show positive year-on-year property trends, despite weak economic conditions and a rising interest rate environment.  

The New Year will see the trend towards passive and real asset investing continue, with ongoing volatility in a positively trending global market, a potential recovery in Emerging Markets and the rise of robo-advice in South Africa.

New construction of US homes slowed in October, sees a jump in building permits pointed to a potential rebound in coming months.

Investec Australia Property Fund (IAPF or the Fund) is pleased to announce an interim distribution of 4.54 cents per unit (cpu) pre withholding tax (WHT) and 4.27 cpu post WHT for the six months to 30 September 2015.

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) raised the key monetary policy interest rate – the repurchase, or repo rate – by a further 25 basis points from 6% to 6,25% per annum. Due to this hike in the repo rate, Absa announced that its prime lending and variable mortgage interest rates will rise from 9,5% to 9,75% per annum, effective from 20 November 2015.

With inflation within the target range and a sluggish economy struggling to regain impetus while the country experiences the worst drought in decades, the Monetary Policy Committee’s decision to further increase the repo rate by another 25bps was ill-timed, as a stable rate would have helped boost business and consumer confidence at a time when it is needed most, says Dr Andrew Golding, CE of the Pam Golding Property group.

Dr Andrew Golding CEO of Pam Golding Property Group and CEO of Jawitz Properties Herschel Jawitz comment on the impact of the 25 basis point interest hike on the property market.

The South African Reserve Bank’s Monetary Policy Committee (MPC) raised the key monetary policy interest rate – the repurchase, or repo rate – by 25 basis points from 5,75% to 6% per annum.

How appropriate are interest rate levels for the household sector?

Offshore property funds should outpace most local property funds in terms of capital growth this year.

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