Is South Africa's property bubble about to burst? Is it a good time to enter the market? These are the kinds of questions prospective buyers are grappling with.
Rhys Dyer, chief executive officer of bond originator Ooba, says current conditions make this the perfect time to buy a property, especially for first-timers.
Property price growth - how property prices have grown over the last couple of years - has definitely slowed.— Rhys Dyer, Chief executive officer - Ooba
Dyer says it's likely that your salary has been increasing at a higher level than the price of property.
He adds that banks are very aggressive in their lending at the moment and approval rates for 100% loans are high.
Dyer advises making use of a bond originator to get the best deal.
An originator helps a would-be buyer complete the necessary paper work, submits the application to the banks and then sources the best quote.
We have about nine banks on our panel at the moment, including all the major banks.— Rhys Dyer, Chief executive officer - Ooba
Dyer dispels what he says is a common misconception about this free service, with people thinking there must be a catch.
We earn a commission from the bank... so we don't charge the consumer anything for the service.— Rhys Dyer, Chief executive officer - Ooba
Where we get banks to compete for a customer's loan more often the banks will sharpen their pencil than if you just walk into a branch.— Rhys Dyer, Chief executive officer - Ooba
For more valuable tips on buying a home, take a listen:
This article first appeared on CapeTalk : Thinking of buying a property? Now is the perfect time - Ooba CEO