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The Minister for Housing has redefined the boundaries of the Affordable Housing market by extending the First Time Home Buyers subsidy all the way up to a Household Income (HHI) of R7500. The implication of this simple move has far reaching impact on the housing market.
The major need is for housing costing less than R200 000 for those households earning less than R7 500 per month. The capital subsidy mechanism of R31 900 per household assists in creating affordability.
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