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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


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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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