Calculate accurate monthly costs, transfer duties, and once-off fees for any South African property. Know exactly what you'll pay before making an offer.
Government tax on property ownership transfer. Progressive rates apply based on purchase price. First-time buyers benefit from a threshold exemption.
Legal fees for transferring property ownership to your name. Includes conveyancing, deeds office registration, and documentation:
Costs to register your home loan with the Deeds Office (only if financing with bond):
Your home loan repayment depends on three factors:
While 100% bonds exist, a 10-20% deposit typically secures better interest rates and approval odds. Larger deposits reduce your monthly repayments and total interest paid over the loan term.
Budget for transfer duties, attorney fees, and bond registration costs. Many buyers overlook these significant once-off expenses and face cash flow problems at transfer. Use the calculator above for accurate estimates.
Remember to budget for rates, water, electricity, levies (for complexes or estates), insurance, and maintenance. These ongoing costs significantly impact affordability and vary by property type and location.
Total housing costs shouldn't exceed 30% of gross monthly income. Banks typically lend 3-4x annual salary. Calculate affordability before property hunting.
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