Mc Naught & Co
News

First time buyers now have a great time to buy

When looking at the average prices of properties being purchased by first time buyers over the past 24 months and then the past 12 months, we see that price increases in the bracket are slowing down.

Two years ago, the average price in this bracket increased nearly 5% whereas over the past year we have seen a much more manageable 2.4% increase.

This, coupled with an increase in the percentage of mortgages being granted to first time buyers shows the market that it’s a good time to buy. Consulting the right agent and selecting the property that falls within your means is a winning combination as it will stand you in good stead to weather the pending interest rate hikes.

A good conveyancer will ensure that your purchase and transfer are seamless and this is why we recommend that you contact one prior to putting pen to paper on your sale agreement.

Mc Naught and Company are available via a number of means of contact and the partners mobile numbers are on our website should you have any queries.

Happy house-hunting ?

Share this article
Now!
Read our
most recent!
Wrongfulness and Legal Duty

Wrongfulness and Legal Duty

A recent judgment was passed in the Supreme Court of Appeal, the facts to the case itself are indeed interesting, especially for pet owners. The claimant in the matter, arranged with her friends for a weekend of leisure at the Harmony Park Resort, a day camp (the Day Camp) situated at Strand in the Western Cape. The Day Camp was a public facility under the control of the defendant, the City of Cape Town.

Read More
SA Divorces up by 20% since Lockdown Level 4

SA Divorces up by 20% since Lockdown Level 4

Courts around South Africa are battling a surprising divorce backlog. This is such a problem that a plan to fast-track annulments of more than 11 000 failed marriages in Limpopo alone has had to be devised. Limpopo is not the only province with a heavy load of divorce applications. The South Gauteng High Court heard 33 unopposed divorces last Friday.

Read More
Are Mothers’ rights more equal than Fathers’?

Are Mothers’ rights more equal than Fathers’?

Parental Responsibilities and Rights are under the spotlight today. The Children’s Act 38 of 2005 has attempted to focus our society and courts’ attention on the interests of the child which are paramount in any custody or contact dispute between parents.

Read More