As prime lending rates rise in South Africa, paying off a bond has become even more difficult.
Since the start of the domestic rate hiking cycle, a person with a 20-year bond valued at R5,000,000 is now paying R13,698 more than they used to in September 2021. The International Monetary Fund has ranked Australia as the second-highest country behind Canada for “housing market risk” out of 27 countries.Forbes Advisor
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