01/08/2025
📉 Interest rates just went down.
The prime lending rate is now 10.50%.
That means your monthly bond repayment is lower, whether you’re buying now or already own.
💡 Example:
If you’re buying a home for R1,500,000 over 20 years:
➡️ You now pay R14,976/month
⬇️ Instead of R15,228/month
That’s R252/month drop or over R60,000 across 20 years.
This isn’t a trend. It’s a moment.
And it just became more affordable to buy property.