27/04/2026
According to SA’s leading home loan service, ooba, the average purchase price for home loan applications has increased year-on-year to R1.75 million across all value bands, despite a marginal decline in application volumes over the same period.
This suggests that buyers are targeting more expensive homes than before, but fewer people are entering the market.
The average approved bond size, now at its highest level on record, remains 12.9% below the average purchase price, although it has increased year-on-year compared to February 2025.
In other words, even though bond sizes have increased, banks are still not covering the full purchase price. Buyers need to fund the shortfall themselves, typically through a deposit.
In practical terms, the market is still moving, but buyers are more considered, and affordability remains a key factor in getting deals done.
So what does this mean for buyers in today’s market?
1. You may need a deposit
Banks aren’t funding the full purchase price, so you’ll likely need to cover the shortfall.
2. Don’t assume full approval
The amount you’re approved for may come in below the purchase price. Know your numbers upfront.
3. Get pre-approved early
It keeps your search focused and avoids deals falling through later.
4. Keep expectations realistic
There needs to be alignment between what you want to buy and what you can actually afford.
5. Stronger buyers stand out
Buyers with deposits and confirmed finance are in a stronger position when it comes to securing a property.
In this market, the buyers who prepare properly are the ones getting deals across the line.
