Is your rental property still a good investment? 5 Red Flags

Rents hit a record R9,715, but higher rent doesn't mean better returns. PayProp's Michelle Dickens on five red flags every landlord should check.

Rents hit a record R9,715, but higher rent doesn't mean better returns. PayProp's Michelle Dickens on five red flags every landlord should check.

SBG Securities sees SA REITs returning 16%–18% over the next 12 months as falling funding costs protect distributions, with DIPS growth of 6%–7% in 2026.

Collins Property Group's HEPS rose 27.1% to 75 cents and its dividend 5.8% to 55 cents, as R342m of property sales helped cut its loan-to-value ratio to 49%.

The Cavaleros Group turns 100: from a 1926 Johannesburg shopfitter to a property group targeting African hotels, data centres and 250ha in Brackenfell.

Landlords must refund rental deposits within 7, 14 or 21 days, credit tenants the interest and inspect jointly, or risk losing their damage claims.




























Repo rate (SARB)
Monetary Policy Committee rate · 10 Nov 2026
7.25%
+0.25pp on 25 Sep 2026
Prime lending rate
Standard bank variable rate · 10 Nov 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 · 10 Nov 2026
R16.40to $1
−1.46% vs 3 Nov (R16.64)
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 (October 2026)
+2.4%
SA REIT sector
Total return (2026 YTD)
+6.5%
Diesel 0.05% wholesale coastal
(DMPR, 4 November 2026)
R29.98per litre
−R1.10 vs October
Petrol 95 coastal
(DMPR, 4 November 2026)
R29.37per litre
−1c vs October
Cover story
eXp Realty South Africa & Laureus: A Partnership Changing Futures Through SportBy Khanya Gundwana
Inside this issue

Residential

New Developments

Commercial

REITs

Listed Property

Offshore

Student

Offices

Retail

Industrial

Green Buildings

Mixed Use

Apartments & Flats

Hospitality

Senior Living

Affordable Housing

Luxury Residential

Business Broking

Multi Family

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Expert Insights
Property managers told: 2026 tactics won’t be enough in 2027
Research ReportsDownload My Student House's free SA Student Accommodation Monitor 2026: demand, supply, NSFAS funding, returns and risk in student housing, in one report.
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%.
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