IT IS THE BEST TIME EVER TO INVEST IN PROPERTY !
IF YOU HAVE A DEPOSIT AVAILABLE – MAKE USE OF “GEARING” AND LET YOUR DEPOSIT GROW ON STEROIDS!
If you have R20 000.00 saved on an investment – it may generate some income and growth – but it is only the capital value of R20 000 that will grow each year.
Invest like a seasoned investor – make use of gearing – let your R20 000 grow on steroids
if you use the same R20 000 as a deposit to buy a property – you may convince a bank to give you a home loan and use your deposit to negotiate a better home loan rate – The result will be that you will have growth on R399 000 every year – compared to growth on only R20 000 per year ( look at the prices below as example).
Calculate this over a 20 year period – usually the time it takes to pay off your bond – and you will be amazed to compare the growth of R399 000 growing each year – compared to R20 000 growing each year. Disclaimer – Please not that this an average assumption and no provision is made for capital gains tax and other expenses and to raise a home loan will depend on your financial situation and credit profile – thus terms and conditions apply and NCA rules and regulations.
IF YOU HAVE NO DEPOSIT AVAILABLE
You may think that you may not be able to invest in property right now – as you do not have a deposit available – or the best credit profile – but perhaps sufficient income every month – then perhaps get your foot in the door and buy your first property with the rent2buy concept.
Rent2buy units are available in Maitland, Mountain View Villas as well as Greenfields Development in Blackheath and Zwartland in Malmesbury.
The information on Mountain View Villas are as follows:
BLOCK |
PHASE |
UNIT NO. |
SIZE |
LEVEL STOREY |
UNIT TYPE |
PURCHASE PRICE All costs of transfer included |
APPLICATION STATUS |
Current rental income achieved If administered through rental agency – deduct 10 % commission – which includes rental insurance |
Bond repayment on home loan on full price @ 10 % over 20 years – first instalments to start May 2015 |
Levies and rates and taxes per month |
Income required to secure a Rent2buy Transaction NCA terms and conditions apply & credit status approval |
V |
2 |
196 |
38m2 |
Single Ground Floor |
1 Bedroom |
R 379 000.00 |
Available |
R 3 850.00 |
R 3 657 |
|
R12 250 |
W |
2 |
207 |
38m2 |
Single First Floor |
1 Bedroom |
R 369 000.00 |
Sold |
R3 750.00 |
R 3 569 |
|
R11 250 |
X |
2 |
218 |
38m2 |
Single First Floor |
1 Bedroom |
R 369 000.00 |
Available |
R3 750.00 |
R 3 569 |
|
R11 250 |
Z |
2 |
241 |
28m2 |
Single First Floor |
Bachelors |
R 299 000.00 |
Available |
R2 750.00 |
R2 885 |
|
R8 250 |
AA |
2 |
250 |
50m2 |
Duplex |
2 Bedroom |
R 399 000.00 |
Sold |
R4 850.00 |
R3 850 |
|
R14 450 |
AA |
2 |
251 |
38m2 |
Single First Floor |
1 Bedroom |
R 369 000.00 |
Sold |
R3 750.00 |
R3 569 |
|
R11 250 |
AA |
2 |
252 |
38m2 |
Single First Floor |
1 Bedroom |
R 369 000.00 |
Available |
R3 750.00 |
R3 569 |
|
R11 250 |