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The increased repo rate is unfortunate, given the need to help stimulate growth in SA economy.
As expected, the Reserve Bank has announced another rate hike at today’s Monetary Policy Committee meeting, bringing the benchmark repo rate up to 7% and the prime lending to 10.50%.
Properties near good transport links have shown stronger growth than those that aren’t, according to Laurie Wener, managing director, Pam Golding Properties Western Cape.
Today’s interest rate hike is exactly as expected. What does it mean for the property market?
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