Today our guest is johann kruger membership director/ secretary at the south african independent financial advisors association.

• According to data compiled by bond originator ooba Home Loans, home loan approval rates were up by 3.1% in the fourth quarter of 2021 compared to the same period in 2021.
• The latest "oobarometer" shows a 1.6% improvement in the percentage of applications declined by one bank, but approved by another.
• Almost 50% of applications declined initially by one bank, were subsequently approved by another
• Experts say banks have been competing for business through strong interest rate discounts, also approving more bonds with lower deposit requirements.
• Second-time home buyers who, unlike first-time buyers, usually have access to a deposit, seem to be enjoying even more favourable rate discounts.
• Buyers have also been paying more with the average purchase price increased by 3% year-on-year in the fourth quarter to end 2021 at R1.39 million.