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Thread: How much do you pay for rent?

  1. #241
    Super Grandmaster f2wohf's Avatar
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    Quote Originally Posted by rh1 View Post
    Is it not possible to buy at that price point?
    Foreigner means 50% deposit + repaying the Bond before my visa expires (in 4 years).

    To buy my current place, Iíd need 1.x million cash + R39000 of monthly repayments.

    So, Iíve definitely scrapped the idea of buying in SA.

  2. #242
    Resident Rodent Hamster's Avatar
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    Quote Originally Posted by Hamster View Post


    I can't buy a house yet because I seem to be moving every two years. So to get a decent place here in JHB I'm paying R7500 pm which will likely go up to R8000 come Sept. (2 bed, 108m2) It makes me so VERY VERY sad


    EDIT: Water + lights excl.
    Fast forward to 2018 and rent has just been renegotiated for the next year...

    R8800

    Lol...yeah, being a landlord in JHB sure is profitable

  3. #243
    Super Grandmaster Honey Badger's Avatar
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    Quote Originally Posted by Hamster View Post
    Fast forward to 2018 and rent has just been renegotiated for the next year...

    R8800

    Lol...yeah, being a landlord in JHB sure is profitable
    You think? R13 500 for 142m2. Thank god its our last month. And the owner offered to sell to us at R1 695 000. The fact that its in an estate is one thing, the fact that I hardly have a yard, no thanks.

  4. #244
    Super Grandmaster f2wohf's Avatar
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    Quote Originally Posted by Honey Badger View Post
    You think? R13 500 for 142m2. Thank god its our last month. And the owner offered to sell to us at R1 695 000. The fact that its in an estate is one thing, the fact that I hardly have a yard, no thanks.
    My landlord makes a ROI of 5.4% excluding repairs and insurance but including levies.

    Thatís below inflation and pretty crappy to be honest.

  5. #245
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    Quote Originally Posted by f2wohf View Post
    My landlord makes a ROI of 5.4% excluding repairs and insurance but including levies.

    That’s below inflation and pretty crappy to be honest.
    Why would your landlord divulge these details to you?
    Quote Originally Posted by Xarog View Post
    Well, ya, I don't think any human being has any knowledge of god.

  6. #246
    Super Grandmaster f2wohf's Avatar
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    Quote Originally Posted by Splinter View Post
    Why would your landlord divulge these details to you?
    He never did but I know the price of the flat (could find its purchase value), the amount of the levies, the amount paid to the realtor. I can then deduce it.

  7. #247
    Grandmaster signates's Avatar
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    Quote Originally Posted by f2wohf View Post
    My landlord makes a ROI of 5.4% excluding repairs and insurance but including levies.

    Thatís below inflation and pretty crappy to be honest.
    This would only apply if you are working on the current value of the property. Do you know when he bought the property and for how much? I'm currently getting a return of 15% on a property I bought more than 6 years ago. If I were to sell today, the new owner would only manage a return of 6% working on current value and current rent.

    It's definitely a renter's market based on current property values and rental.

  8. #248
    Super Grandmaster f2wohf's Avatar
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    Quote Originally Posted by signates View Post
    This would only apply if you are working on the current value of the property. Do you know when he bought the property and for how much? I'm currently getting a return of 15% on a property I bought more than 6 years ago. If I were to sell today, the new owner would only manage a return of 6% working on current value and current rent.

    It's definitely a renter's market based on current property values and rental.
    Iím calculating on the price he bought for, that I know from neighbors.

  9. #249
    The Legend Pho3nix's Avatar
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    Quote Originally Posted by Ryansr View Post
    In truth you're not really renting the place.
    From the bank I am
    Disclaimer:All posts are personal opinion and not the opinion of anyone else or any other entity.

    Quote Originally Posted by YingYang View Post
    Jesus christ how ugly are you?

  10. #250
    Grandmaster signates's Avatar
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    Quote Originally Posted by f2wohf View Post
    Iím calculating on the price he bought for, that I know from neighbors.
    Buy to let yields have been low for a while now so he must have bought recently or over paid if he bought more than 4 years ago.

    As long as buy to let yields remain below inflation, it's definitely a renter's market. Property value increases will slow and rent should catch up but it will take a while.

  11. #251
    Super Grandmaster f2wohf's Avatar
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    Quote Originally Posted by signates View Post
    Buy to let yields have been low for a while now so he must have bought recently or over paid if he bought more than 4 years ago.

    As long as buy to let yields remain below inflation, it's definitely a renter's market. Property value increases will slow and rent should catch up but it will take a while.
    He bought just before prices started to stagnate in Joburg and before rental prices crashed.

  12. #252
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    Quote Originally Posted by f2wohf View Post
    He never did but I know the price of the flat (could find its purchase value), the amount of the levies, the amount paid to the realtor. I can then deduce it.
    How would you know the amount paid to the realtor? And if he had a deposit on its purchase price?
    Quote Originally Posted by Xarog View Post
    Well, ya, I don't think any human being has any knowledge of god.

  13. #253
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    Quote Originally Posted by CamiKaze View Post
    Why pay more than 5k for a flat that you are renting? I don't get it... Unless you live in jhb.
    Grandma's cottage in Kloof that's a single bed with bathroom goes for R9000
    [You're out there, wearing that goofy thing, lightin' up cars, calling yourself the Shocker! "I'm the Shocker! I shock people! What is this, Pro Wrestling?"]

  14. #254
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    Quote Originally Posted by f2wohf View Post
    I’m calculating on the price he bought for, that I know from neighbors.
    So now it's from the neighbors?
    Quote Originally Posted by Xarog View Post
    Well, ya, I don't think any human being has any knowledge of god.

  15. #255
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    Quote Originally Posted by Splinter View Post
    So now it's from the neighbors?
    TFW my man won't admit he is guessing
    [You're out there, wearing that goofy thing, lightin' up cars, calling yourself the Shocker! "I'm the Shocker! I shock people! What is this, Pro Wrestling?"]

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