Balwin Properties' profit takes a hit as the property sector struggles
The company's headline earnings fell 57% in the six months to the end of August 2025.
Buying a home. Pexels: Rdne Stock Project 8293778
Stephen Grootes speaks to Steve Brookes, Baldwin Properties CEO and founder.
Listen to the interview in the audio player below.
It's been a difficult environment that property developers have been in over the few years.
That shows in the results of South Africa's biggest sectional title developer, Balwin Properties.
Its headline earnings fell 57% in the six months to the end of August 2025.
Despite its negative numbers, Baldwin Properties CEO and founder Steve Brookes feels optimistic about the business and the sector as a whole.
Speaking to Stephen Grootes on The Money Show, Brookes says a lowering of the interest rate will provide a much needed boost.
"We've got some fantastic financial institutions in this country. Our clients rely on that for their mortgages, and the interest rates are too high. The clients are very indebted at the moment."
- Steve Brookes, CEO - Baldwin Properties
"We need those interest rates to come down. Even with all the concessions with the green mortgages that we get clients, we need to get it down to 10%, so that clients are only paying 10%, and even that's high."
- Steve Brookes, CEO - Baldwin Properties
"I'm still a great believer that you need to own your own property. You need to have title. It's a true generational wealth. I think interest rates need to come down."
- Steve Brookes, CEO - Baldwin Properties
Scroll to the top of the article to listen to the full interview.