Spear REIT beats forecasts as R8.8bn portfolio expands

Spear REIT lifts distributable income per share 8.02%, upgrades FY2027 guidance to 9%–11% and grows its Western Cape portfolio to R8.8bn.

Spear REIT lifts distributable income per share 8.02%, upgrades FY2027 guidance to 9%–11% and grows its Western Cape portfolio to R8.8bn.

Lightstone warns fuel relief eases pressure but won't fix homeownership: first-time buyer deals fell up to 31% since 2021 and young buyers are losing ground.

SAMRRA members manage 75,000+ rental units worth over R72bn. Divercity, Africrest and Houss Rentals show how community drives tenant retention and returns.

Despite higher rates, ooba data shows banks competing (prime less 0.83pp), smaller deposits and first-time buyer incentives creating chances for ready buyers.

Seeff and Pam Golding welcome the MTBPS fuel levy relief and fiscal discipline, but warn that lower interest rates and growth are key to a property recovery.




























Repo rate (SARB)
Monetary Policy Committee rate · 22 Oct 2026
7.25%
+0.25pp on 25 Sep 2026
Prime lending rate
Standard bank variable rate · 22 Oct 2026
10.75%
+0.25pp on 25 Sep 2026
Inflation (CPI)
Consumer price index (YoY) · Sep 2026
4.5%
+0.1pp from 4.4% in Aug 2026
Rand / US dollar
ECB reference rate · 22 Oct 2026
R16.52to $1
−0.25% vs 15 Oct (R16.56)
National house price index
(Stats SA HPI, YoY) · May 2026
8.2%
National house price growth
(Lightstone Index, YoY) · Sep 2026
5.9%
Average national rent
(All residential properties) · Q2 2026
R9,715per month
+4.6% YoY (Q2 2026)
National rental growth
(All residential properties, YoY) · Q2 2026
5.2%
+0.5pp QoQ (Q2 2026)
SA REIT sector
Total return (September 2026)
+1.6%
SA listed property (J253)
(FTSE/JSE, September 2026)
−5.8%
Petrol 95 inland
(DMRE, 7 October 2026)
R30.25per litre
Diesel 0.05% wholesale inland
(DMRE, 7 October 2026)
R31.95per litre
Cover story
eXp Realty South Africa & Laureus: A Partnership Changing Futures Through SportBy Khanya Gundwana
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Research ReportsLightstone warns fuel relief eases pressure but won't fix homeownership: first-time buyer deals fell up to 31% since 2021 and young buyers are losing ground.
Research ReportsSA house prices rose 8.2% in May, but John Loos sees signs of a slowdown. See which markets are still rising and where momentum is starting to fade.
Asset ManagementFindHomes data on 156,600 live rentals shows almost a quarter of Western Cape listings have cut asking rents, typically by 7.1%, as demand meets affordability.
Asset ManagementPayProp's Q2 2026 Rental Index: national rents rise 5.2% to a record R9,715, the Western Cape surges 9.7% to R12,561, and arrears edge up to 16.9%.
Research ReportsSouth Africa’s house price growth hit 7.1%, led by the Western Cape, but rising inflation and global risks could slow momentum in 2026