Latest news with #propertybuyers
The Herald
3 days ago
- Business
- The Herald
Innovate Africa: Can tech fix Africa's property puzzle? Proply's Wesley Roos thinks so
Buying property in Africa is often a minefield, complex, expensive and slow — but Wesley Roos, founder of Proply, believes that with the right tech, it doesn't have to be. In this interview we explore how his platform is cutting through the red tape, giving property buyers, sellers and professionals a smarter way to close deals and manage the process. Proply is a digital tool that simplifies property transactions by automating admin, reducing paperwork and giving all parties, from agents to banks, a single place to collaborate. More than that, it has the power to help ordinary Africans enter the property game and win, making the process more transparent, affordable and accessible. With South Africa as its testing ground, Roos is now looking at how this home-grown proptech could transform markets on the continent. I sat down with Roos to unpack the opportunity. We spoke about the messy middle of property sales, what Africa needs from its next generation of real estate tools and how Proply could help shift the sector from old-school to scalable. TimesLIVE
Daily Telegraph
23-05-2025
- Business
- Daily Telegraph
Aus hotspots where it's cheaper to own than rent
Houses and units in more than 460 suburbs nationwide are now cheaper to buy than rent, with Queensland and Western Australia spoiling buyers with the most options across the capital cities. Latest Finders data modelling shows Australia's unit market provides buyers with the biggest low-mortgage opportunities across 280 suburbs, while an additional 189 localities offer big saving for house hunters. This equates to 5 per cent of national suburbs where houses are cheaper to own than rent and 16 per cent of suburbs where units are cheaper. MORE NEWS Is your home the real breadwinner? Build new for less: Top spots under $850K revealed RBA cut 'straps rocket' to property market According to the data, QLD has the highest number of suburbs where it is cheaper to own than rent, with 58 suburbs working out this way for houses and 85 suburbs for units. WA followed close behind, with houses cheaper to buy than rent in 41 suburbs and an additional 84 for units. Victoria takes out the third place for units, with 43 suburbs cheaper to own than rent. Find out how your state compares. QUEENSLAND In southeast Queensland, units owners in the Ipswich suburb of Brassall can expect the biggest saving of $201 a week. This compares to the typical unit price of $155,608, with a weekly mortgage repayment of $169, while the weekly rent is $370. In the capital, unit owners in South Brisbane are paying a weekly mortgage repayment of $704 if paying with a 20 per cent deposit. Rents are $770 a week. Bowen Hills, Fortitude Valley and Spring Hill also provided units that were typically cheaper to pay off than rent. In North Queensland, Airlie Beach, Cairns North, and Townsville's Belgian Gardens were generally cheaper to buy in then rent. On the Gold Coast, only Coombabah and Helensvale units provided a cheaper alternative to renting. Read the full story here. NEW SOUTH WALES New analysis has revealed repayments on an average unit have become cheaper than market rent in 26 Sydney suburbs, leaving new buyers over $100 a week better off than renters in some areas. One of the suburbs where new buyers got the biggest savings by exiting the rental market was Haymarket, south of the CBD. Median rent was an average of $123 per week costlier than repayments on units priced at the suburb median following this week's rate cut. Unit buyers in Winston Hills, near Parramatta, would get similar savings of about $121 per week. Other suburbs where unit repayments were cheaper than rent included Parramatta region suburbs Granville, Harris Park, Merrylands,Guildford and Merrylands West. It was also cheaper to be a homeowner in Mascot and, in the southwest, in Wiley Park and Lakemba. Read the full story here. VICTORIA Victoria currently has 43 suburbs where buying a unit is cheaper than renting, including Carlton, Southbank, Burwood East, Flemington,West Melbourne and Williams Landing. Finder's suburb-level data revealed savings of $156 a week in Notting Hill, $149 in Travancore, and more than $110 in Docklands. Savings of $70 or more are also available in Carlton, Southbank and Burwood East. Read the full story here. SOUTH AUSTRALIA Tuesday's rate cut effectively unlocked four additional SA suburbs for unit buyers hoping to get off the rent roundabout. They are Lightsview, Tonsley, Mawson Lakes and St Clair, adding to New Port, Whyalla Playford, Whyalla, Walkerville and Adelaide city where it was already cheaper to buy than rent. While it offers limited possibilities for city buyers, Finder's data suggests that future interest rate cuts would benefit regional investors, potentially unlocking three more towns and one Adelaide suburb. Potential buyer hotspots include Woodville Gardens, Whyalla Jenkins, Tumby Bay and Berri. Read the full story here. TASMANIA It is almost impossible to find a Hobart suburb where buying a home is cheaper than renting. New analysis of houses and units across Tasmania by Finder shows where renters could make the move to ownership and have more bang in their budget — but it won't be in the south of the state. Gagebrook was the only southern suburb where it is cheaper to buy a home. There is more opportunity in the north and northeast, with five areas in the Launceston and North East region either cheaper now or will become so after a 0.25 per cent or 0.5 per cent cut is passed on by lenders. Results were similar on the West Coast. Unit prices in Launceston's Newnham are almost identical, with typical rent costing $390 per week and a loan $392. Finder's modelling showed the mortgage payment would decrease to $382 following a 0.25 per cent rate cut, or $371 with a 0.5 per cent cut. Houses in Burnie suburb Acton currently have a $1 difference between weekly rent and mortgage, but if a lender passed on a quarter-size or half-size rate cut it would put $10 to $20 per week back into the family coffers. Read the full story here.
Arabian Business
12-05-2025
- Business
- Arabian Business
Dubai real estate: Property sales jump 23% in April, says Betterhomes report
The Dubai real estate market recorded 15,213 sales transactions in April, totalling AED46.18 billion in value, marking a 23.1 per cent increase compared to March figures. The average price per square foot rose by 2.05 per cent to AED1,730, reflecting continued price appreciation in the emirate's real estate sector. Off-plan properties constituted 59 per cent of all transactions, whilst secondary market sales increased their market share to 41 per cent, up from 38 per cent in March, indicating a resurgence in ready property purchases. Dubai off-plan sales lead while secondary market gains ground Apartments dominated the market, with studios and one-bedroom units accounting for more than two-thirds of all transactions. Villa and townhouse sales remained robust, with particular interest in four and five-bedroom properties, suggesting ongoing demand for spacious family accommodation. Motor City, Dubai Marina, and Dubai Land emerged as the most active areas for apartment sales, whilst Dubai Hills Estate, Al Furjan, and Jumeirah Golf Estates led villa transactions. 'April was another strong month for Dubai real estate. It's encouraging to see interest coming from both investors and end-users. It's not just about the big numbers; it's about consistent demand across a wide range of communities and property types. Communities like Dubai Hills Estate and Motor City are seeing real traction, which tells us people aren't just buying for investment. They're buying to live, to grow, and to stay,' Christopher Cina, Director of Sales at Betterhomes said. Rental market holds position despite transaction decrease The rental sector registered 29,423 transactions in April, representing a 23 per cent decrease from March figures. However, Betterhomes reported a 1.2 per cent increase in tenant enquiries, suggesting demand remains strong despite fewer completed rental agreements. Average annual apartment rentals stood at AED140,000, with Dubai Marina, Jumeirah Lake Towers (JLT), and Dubai Land proving the most popular communities for tenants. Villa rentals commanded an average of AED296,000 per annum, with Tilal Al Ghaf, Dubai Hills Estate, and Jumeirah Village Triangle attracting significant interest from families. The townhouse segment maintained stability with average annual rents of AED226,800. Damac Hills 2 recorded a 2.4 per cent rent increase, highlighting growing popularity of newer master-planned communities among tenants.
