How much home can I afford in South Africa?

Author
MyProperty
South Africa's #1 independent property portal

Determining how much home you can afford is the first step in your home buying journey. Follow these four steps to figure it out: Step 1: Get Prequalified for a Home Loan Start by getting prequalified for a home loan to know what amount you might be approved for. You can apply directly at banks or use a bond origination service like MyProperty Home Loans for pre-approval. Step 2: Calculate All Associated Costs Consider all costs beyond the loan repayments, such as utilities, maintenance, improvements, and levies if applicable. These costs impact your overall affordability. Step 3: Review Your Budget Review your income and expenses to understand your financial situation. List all fixed and optional expenses to see how much you can realistically allocate to home loan repayments. Step 4: Analyze Your Situation Assess whether the calculated amount is realistic. Ensure you can comfortably afford your new home without financial strain and consider your future plans like starting a family. For more detailed guidance, check out our home loan FAQs.

Property questions?
Get quick answers about buying, selling, renting, and more from our AI powered real estate bot
Buyer Property News
How to Determine if You’re Getting a Good Price for Your Home
Market & Opinion
How to Determine if You’re Getting a Good Price for Your Home
17 Feb 2025
For most people, buying a home is the largest investment they’ll ever make. When it’s time to sell, ensuring you receive a fair and competitive price is crucial. However, determining whether an offer is fair can be challenging, especially in fluctuating market conditions.
read more
Spot a Neighbourhood on the Rise: Key Indicators of Future Growth and Appreciation
Market & Opinion
Spot a Neighbourhood on the Rise: Key Indicators of Future Growth and Appreciation
10 Feb 2025
When it comes to property, the old adage "location, location, location" still holds true because investing in real estate is not just about buying bricks and mortar; it’s about buying into a neighbourhood and community.
read more
The reality of selling a home - common misconceptions debunked
Market & Opinion
The reality of selling a home - common misconceptions debunked
05 Feb 2025
Selling a home for the first time can be a daunting process, especially with the abundance of well-intentioned advice from family and friends. While guidance from loved ones can be helpful, it often leads to misconceptions about the home-selling process. With so much information available, it’s essential to separate fact from fiction to ensure a smooth and successful sale.
read more
Joint homeownership - what you need to know
Legal
Joint homeownership - what you need to know
04 Feb 2025
The rising cost of living and limited access to affordable housing has left many South Africans searching for alternative ways to enter the property market. One increasingly popular solution is joint home ownership, where multiple individuals co-own a property and share financial responsibilities.
read more
Find houses for sale
Click on a province and select a town to view available properties for sale
Real Estate Tools
Get pre-qualified
Make offers with confidence knowing what you can afford. Then shop for the best home loan
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments
Residential
House
Townhouse
Apartment, Penthouse
Retirement Village
Vacant Land
Agricultural
Farm
Small Holding
Vacant Land
Commercial
Office, Retail, Mixed Use
Industrial
Vacant Land
Hospitality