@32983 If you earn 62k GROSS and your expenses are 30k PER MONTH then it means you aren’t really racking up savings at a pace that would warrant purchasing property. If it was 62k nett it might be a different story.
With 62k gross a month (I assume it’s like 42k nett?) you also shouldn’t be looking to buy a new car, and also not in that price range. Look at a 2016 diesel Nissan Qashqai, or a Renault Kadjar. They are in the same class, with great history and are half the price for a fully spec’d car as opposed to a step in Corolla Cross with no extras.
Renting is sensible at the moment. You don’t have house insurance, you don’t pay rates and taxes, you don’t pay R20000 per month on a property where if you fail to pay one month you get a repossession summons from the bank.
Buy property when you are older and when the interest rate is lower, because once your first baby comes your 30k monthly spending will increase rapidly, and paying that home loan with 42k nett will be difficult.
P.S. enjoy your life, if you can enjoy it in a cheaper car, and in a rental home with the people you love, there’s no need to add stress and lose enjoyment simply because you want the nicest things.
