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Property News - 22 September 2016

FROM THE EDITOR

Good news for consumers is that South African Reserve Bank governor Lesetja Kganyago has announced that the monetary policy committee has decided to leave the interest rate unchanged. Chairman of the Seeff property group, Samuel Seeff says that the decision by the Monetary Policy Committee of the South African Reserve Bank to leave the repo rate unchanged is most welcome in a climate where the economic and housing market outlook remains weak. Save for any major dilemma, it also now seems likely that we will see the year out without any further interest rate hikes, he adds.

Selling your property is one of the biggest decisions you will make, so it's important to get it right. According to Paul Stevens, CEO of Just Property, when pricing your property too high you will simply deter would-be buyers, while too low and you won't get as much as you could have done. He says that it is important to compare quotes from estate agents and keep an eye on comparable properties. Read more in Ensuring Your Home is Valued Correctly

A sizeable deposit can make a world of difference to the long-term affordability of your home, so tightening your belt for a few months could be an extremely wise decision. In Five ways to save for a mortgage deposit Tony Clarke, Managing Director of the Rawson Property Group shares a few ideas on how you can cut down on your monthly expenses to help save for a good deposit.

Enjoy!
The editor

Property of the Week

4 Bedroom house for sale in Camps Bay
4 Bedroom house for sale in Camps Bay

SAPTG Reports

In the News this week


Repo rate decision a timeous spring boost for home buyers

Repo rate decision a timeous spring boost for home buyers
Welcoming today’s decision by the Monetary Policy Committee meeting to again hold the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property group, said that South Africa’s housing market continues to demonstrate maturity and ongoing resilience...
Repo rate decision a timeous spring boost for home buyers

Key changes in sectional title management

Key changes in sectional title management
Once the Sectional Title Schemes Management Act (STSMA) and Community Services Ombuds Service Act (CSOSA) comes fully into effect (the sectional title industry have all been waiting with bated breath for this to happen) certain changes will have to be made...
Key changes in sectional title management

Residential estates hit the mark for investment value

Residential estates hit the mark for investment value
Much has been said about the attributes of living on a residential estate, and while lifestyle appeal is a crucial component, the fact is the sound investment value both in terms of capital appreciation and potential rental income also speaks volumes to property buyers across the country...
Residential estates hit the mark for investment value

Ensuring Your Home is Valued Correctly

Ensuring Your Home is Valued Correctly
Thinking of selling your property but don't know where to start? Well, the first step is to get an estate agent's valuation of your property...
Ensuring Your Home is Valued Correctly

Potential pitfalls when buying a home privately

Potential pitfalls when buying a home privately
Selling or buying a home privately might appear to be a means to saving money, but beware! There could be pitfalls, and you could find yourself frustrated and out of pocket in the long run...
Potential pitfalls when buying a home privately

Five ways to save for a mortgage deposit

Five ways to save for a mortgage deposit
Saving up the money for a deposit on a house can be difficult in today’s economic climate, especially when you consider the transfer, attorney and bond fees that also have to come directly out of your pocket...
Five ways to save for a mortgage deposit

Debt collection in sectional title schemes

Debt collection in sectional title schemes
A steady income stream is extremely important for the financial health of any sectional title scheme, as payments of bills and regular maintenance is what is needed for the scheme to maintain value and be managed properly...
Debt collection in sectional title schemes
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Focus on Camps Bay, Western Cape

Focus on Camps Bay, Western Cape
Camps Bay’s broad appeal underpins market strength

Camps Bay’s appealing synergy of opulent glamour, relaxed beach lifestyle and traditional family values along with its wide choice of property options been the main driving force behind its largely irrepressible market which has seen property values continue to rise in spite of the general market slump...
Focus on Camps Bay, Western Cape

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Hidden gems in Sasolburg's real estate market

Hidden gems in Sasolburg's real estate market
Established just over 60 years ago to provide housing, schools and other amenities for the employees of Sasol’s first coal-to-oil refinery, Sasolburg is still a “company town” in the sense that its economic wellbeing is still largely dependent on a few big manufacturing plants.
Hidden gems in Sasolburg's real estate market

Prince Albert the epitome of rural luxury in the heart of the Karoo

Prince Albert  the epitome of rural luxury in the heart of the Karoo
A mere three hours from Cape Town and 90 minutes from the Garden Route, Prince Albert, an exceptionally beautiful Karoo town set against the backdrop of the Swartberg Mountains of the Western Cape, has over the years established itself as a leading country town...
Prince Albert  the epitome of rural luxury in the heart of the Karoo
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"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."

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