An interest rate of 16%, if governor Tito Mboweni raises it by 200 basis point on the 12th of June, xenophobia is causing foreigners to fear for their lives, what is happening, and is this good for property?

Well, if you are a property investor or you are thinking of buying property, then you should realize that this could be good for you. Yes I said good for you. All these factors will probably cause property prices to drop making it possible to buy property at ridiculously low prices.

I know that it is making the monthly repayments high but if you can get your hands on property and hold it, you will definitely end up with the rewards when the market turns around.

So I say let’s stop just looking at the bad, and start looking at how we can profit from all of this. Get rid of your credit cards, short term loans and clothing accounts. Get your money into property and then be patient.

Remember, what goes up must come down and what comes down must go up. Your mission should be to make a profit in all markets, even if you have to wait a bit before you can realize that profit.