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OOBA STATISTICS REVEAL CONTINUED GROWTH IN AVERAGE HOUSE PRICES AND REDUCED DEPOSITS
Latest statistics from ooba, South Africa's biggest bond originator, continue to reflect positive year-on-year price growth, up 3.4% in March this year (R903,922) compared to March 2012 (R874,228). However, the average house price is 0.5% down on February 2013.
ooba continues to report record approval rates on top of the record highs set in the last quarter of 2012. The value of home loans approved through ooba in the first quarter of 2013 is up 23% on 2012. For the last six months of 2012, ooba's approved home loans value was up by 38.8% compared to the same period in 2011.
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