30/07/2026
Thinking about buying property? The latest oobarometer Q2 2026 data suggests that now may be a good time to take a closer look.
Despite higher interest rates, inflationary pressures and ongoing global economic uncertainty, South Africa’s residential property market remains remarkably resilient. Average purchase prices have increased by 4.2% year-on-year, while average approved bond sizes are up 5.0% and first-time buyer purchase prices have grown by 6.1%.
Just as importantly, the banks are still lending. Almost half of buyers declined by one bank were approved by another, highlighting the importance of shopping around for finance. And with 56.9% of home loan applications in H1 2026 being for zero-deposit loans, the barrier of saving for a deposit is becoming more manageable for qualifying buyers.
For homebuyers, this means more opportunities to secure finance.
For investors, it points to a market that continues to hold its value and attract demand.
And for sellers and property professionals, it is a reassuring sign that buyer activity and confidence remain strong.
The market may not be without challenges, but the opportunity is still there.
Sometimes the right time to buy isn't when everything is perfect — it's when the fundamentals show that buyers, banks and the market are still moving forward.
📊 Source: ooba Home Loans, oobarometer Q2 2026
