Property Clock

The Place of Real Estate in the Economy

Market Indicators Resources

Market Indicators

Market indicators have a direct effect on the property market.

Market indicators are indispensable for property professionals to gauge activity, and correlate national trends with their experience at their own micro-economic level.

                                                                                                   Need some help with the market indicators jargon.

Updated 21 January 2012

Current Prime Rate
9.0% (= Feb 1974)
Current Repo Rate
 5.5%
Decision of last MPC meeting - Jan 2012
 no change
Prediction for next MPC meeting - March 2012
 no change
Gross Domestic Product (GDP) - Q3 2011 1.4%
Consumer Price Index (CPI) - Dec 2011
 6.1%
Producer Price Index (PPI) -  Nov 2011 10.1%
   
Kagiso PMI Business Activity Index - Dec 2011
 52.3 (Nov 50.9)
Kagiso PMI Expected Business Conditions - Dec 2011 55.0(Nov 62.4)
Kagiso PMI Employment Index - Dec 2011 46.5 (Nov 45.6)
   
STANDARD BANK Median Price Index - Sep 2011
  0.6% y/y
   
ABSA BANK Average House Prices - Dec 2011
 Year-on-year rates
Small (80m2 - 140m2)  R694 400 (down 4.2%)
Medium (141m2 -220m2) R985 400 (down 1.7%)
Large (221m2 - 400m2) R1 548 200 (up 3.2%)
   
FNB 2012 Forecast Average House Price Growth -3%
Q4 % of properties sold at less than asking price
90%
Q4 Average time property is on the market 
17 weeks 6 day
Q4 Average discount below asking price
 13% 
   
Knight Frank Global House Price Index - Q3 2011
 SA 14# (up from #30)
Global y/y average growth (49 countries): 1.5%
 SA:5.5%
   
LIGHTSTONE Repeat Sales Index - Dec 2011 (for Aug 2011)
 4.5% (down 0.1%)
   
OOBA Average House Price - Dec 2011
 R870 564 (up 6.2% y/y)
Average approved bond size
 R722 529(up 3.6% y/y)
Average deposit
 17%
1st time buyers as a % of total applications
 52,5%