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The Place of Real Estate in the Economy

Read our article on The Place of Real Estate in the Economy

The Place of Rea

Market Indicators Jargon

Download our Market Indicators Jargon Buster.

Market Indicators

Market Indicators
Market indicators have a direct effect on the property market. Market indicators are
indispensable tools to property professionals to gauge activity, measure potential and correlate
national trends with their experience at the coal-face, their own micro-economic level.
Need some help with the market
indicators jargon.
Market Indicators

Market Indicators last updated 11

October 2010
Current Prime Rate 9.5%
Current Repo Rate 6.0%
Decision of last MPC meeting - Sep 2010 Cut by 0.5%
Prediction for next MPC meeting - Nov 2010 No change
Gross Domestic Product (GDP) - Q2 2010 3.2%
Consumer Price Index (CPI) - Aug 2010 3.5%
Producer Price Index (PPI) - Aug 2010 7.8%

STANDARD BANK Median Price Index - Sep 2010 R586 000 (up 8.3% y/y)
LIGHTSTONE Repeat Sales Index - May 2010 7.7% (down 0.6%)

ABSA BANK Average House Prices - Sep 2010 Year-on-year rates

Small (80m2 - 140m2) R779 200 (up 18.6%)
Medium (141m2 -220m2) R953 600 (up 4.1%)
Large (221m2 - 400m2) R1 411 200 (up 0.4%)

FNB Average House Price Inflation - Sep 2010 2.9% y/y

% of properties sold at less than asking price 81%
Average time property is on the market 15 weeks 4 days
Average age of all buyers 43.8 years old
OOBA Average House Price - Aug 2010 R825 264 (down 3.8%)
Average approved bond size R718,268
Average deposit (% of total bond) paid 13.0%
Total % of applications declined 67.9%
Market Indicators

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