How much should you earn to afford a house in South Africa?

Author

MyProperty

To afford a house in South Africa, the required income varies depending on the location, the size of the property, and prevailing interest rates. A general rule of thumb is that your monthly home loan installment should not exceed 30% to 35% of your gross monthly income. However, this is just a guideline, and each bank or financial institution may have its own criteria for assessing affordability.

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