IS NOW THE RIGHT TIME TO BUY OR SHOULD YOU CONTINUE RENTING?

by Taryn Davies Stevens • 3 MIN • 705 Words

With changing economic conditions in South Africa in 2026, many young professionals and first-time buyers are reassessing whether to continue renting or to take the step into homeownership. The local residential property landscape, particularly in the Ekurhuleni region, presents distinct opportunities and considerations for both buyers and renters.

Residential property prices in Benoni, Boksburg, Kempton Park and Edenvale have shown a steady upward trajectory, with average values rising from around R1,135,000 in 2025 to approximately R1,180,000 in 2026. This gradual increase underlines a market that is gaining resilience and demand, even as broader economic conditions remain mixed. National data indicates that residential prices have been rising, with increases in several metropolitan areas as buyer activity slowly recovers and interest rates become more favourable for borrowing. This trend suggests that property values in Ekurhuleni and across Gauteng will continue to strengthen over time.

One of the key advantages of buying a home now is the improved affordability brought about by softer interest rates and greater credit availability. Over recent months, banks have shown a willingness to extend more home loans, and lower bond costs make monthly repayments more manageable compared with the higher costs experienced in previous years. These conditions make ownership more accessible for those with secure income and the ability to commit to long-term finance.

Owning a home in Ekurhuleni offers several benefits. Unlike renting, where monthly payments contribute to someone else’s asset, mortgage repayments build equity in your own property. Over time, a larger portion of each repayment reduces outstanding loan amounts, thereby increasing ownership stake in the property. For homeowners planning to remain in the same area for at least five to seven years, this equity growth can be a significant long-term financial benefit.
Homeownership also delivers greater stability. Renters remain subject to lease terms and potential changes in rental agreements, including increases in rent. Owning your home eliminates the uncertainty of lease renewals and gives you control over your living environment, including the ability to renovate or adapt the space to suit changing needs. Property in established and developing parts of Ekurhuleni has maintained steady demand owing to the region’s accessibility, ongoing development, and relative affordability compared with some other Gauteng markets.

Despite its advantages, buying property is not without challenges. Upfront costs such as deposit requirements, bond registration fees, transfer duties, and ongoing maintenance expenses make homeownership more costly in the short term than renting. Prospective buyers must also consider market timing; while property values are generally rising, there is no guarantee of immediate price appreciation. Careful assessment of personal financial stability and future plans remains essential before committing to a long-term mortgage.

Renting retains its appeal, particularly for those who value flexibility. Renting allows individuals to relocate more easily for job opportunities or lifestyle changes since there is no long-term financial commitment tied to an asset. It also relieves tenants of maintenance responsibilities and many associated costs such as repairs or property tax. For some renters, the ability to allocate surplus income into other investments, savings, or education may be more attractive than tying funds to a property purchase at this stage.

There is also a financial planning argument for renting in the short term. By saving on initial and ongoing ownership costs, renters can build stronger deposit pools or take advantage of high-growth investment opportunities outside real estate before entering the property market. That said, renting means monthly payments do not contribute toward an asset that may appreciate in value.

Ultimately, the decision to rent or buy in 2026 depends on individual circumstances. Those with secure income, clear long-term plans to remain in the area, and sufficient financial preparedness may find that current market conditions — including reasonable property price growth and accessible credit — make homeownership particularly compelling. On the other hand, renting continues to offer flexibility and lower short-term financial burden for those still establishing their careers or uncertain about long-term location plans.

In the current climate, both pathways have merits. Buyers can benefit from building equity and long-term financial growth, while renters can enjoy mobility and lower immediate financial commitments. Making an informed choice that aligns with personal goals and financial stability remains paramount.

For more information contact INTRO REAL ESTATE, it’s the right choice.

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