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Property News - 23 July 2015

FROM THE EDITOR

Some bad news for home owners as the Sarb hiked the repo rate by 25 basis points to 6% per annum (base home loan rate from 9.25% to 9.5%), effective from 24 July 2015, its governor Lesetja Kganyago announced today.

Seeff chairman, Samuel Seeff, has expressed disappointment at the decision of the Monetary Policy Committee to hike the repo rate and said it is out of step with the economy and bad news for consumers, home owners and buyers.

In Returns or rand: What’s important to South African property investors?, we read that after a sustained decline, the housing market in the country is now performing well, offering investors higher returns than they can get elsewhere in South Africa, but the rand’s continued slide makes any return on investment devalued in international terms.

Shaun Rademeyer, CEO BetterLife Home Loans, says that there has been a sharp decline in the number of home loan applications being declined by the banks, with the net result being an increase of almost 2% in the number approved loans in the 12 months to end-June. Read more in More home loans granted as home buyers forge ahead

Enjoy!
The editor


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In the News this week


Returns or rand: What’s important to South African property investors?

Returns or rand: What’s important to South African property investors?
Despite a growing housing market, South African investors are seeing overall losses due to the weakness of the rand...
Returns or rand: What’s important to South African property investors?

Ensure your investment property suits your ultimate goal

Ensure your investment property suits your ultimate goal
Undisputedly, and as an investment, residential property offers the potential for very sound returns – both in capital growth over the medium to longer term and in rental income...
Ensure your investment property suits your ultimate goal

More home loans granted as home buyers forge ahead

More home loans granted as home buyers forge ahead

Consumers continue to demonstrate confidence in the residential property market, despite mounting affordability constraints...
More home loans granted as home buyers forge ahead


Absa survey reveals the need for pre-application consultation by home mortgage loan applicants

Absa survey reveals the need for pre-application consultation by home mortgage loan applicants
The recently published ABSA Home Owner Insights Survey has, says Mike van Alphen, confirmed what he and his team members have regularly advocated, i.e. that the majority of home buyers should seek the guidance of an experienced mortgage bond originator prior to entering the market in search of a new home...
Absa survey reveals the need for pre-application consultation by home mortgage loan applicants

The hidden delights of really great neighbourhoods

The hidden delights of really great neighbourhoods
Most homebuyers know that it’s just as important to choose a good location as it is to find the right property – but too many don’t look beyond the safety and security of the area they are considering...
The hidden delights of really great neighbourhoods

Section maintenance question

Section maintenance question
If there is one issue which can be almost guaranteed to cause dissension among sectional title property owners, it is the question of who is responsible for the maintenance of the three different types of property in sectional title scheme, i.e. sections, common property and exclusive use areas...
Section maintenance question

Precautions against account arrears

Precautions against  account arrears
In many rental properties there are no prepaid water and electricity meters and the landlord will receive the accounts for these each month for payment by the tenant renting from him...
Precautions against  account arrears

Time to add your name to student accommodation waiting list says PGP

Time to add your name to student accommodation waiting list says PGP
Being a sought after university town, Stellenbosch is fast approaching the time of year for registrations – which is also a time when student accommodation is in demand for the following academic year, and subsequent years of the study period...
Time to add your name to student accommodation waiting list says PGP

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Focus on Bryanston, Sandton, Gauteng
Bryanston Emerges as a Leader in Changing Johannesburg Trends

Often regarded as a reliable barometer of the general property market in Northern Johannesburg, Bryanston has shown in recent years that not only can it hold its value during times of economic downturn, but can also lead the way in changing trends...
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Hyde Park Terrace Development National Launch
Hyde Park in Johannesburg is home to some of the country’s wealthiest multi-millionaires and a few of the highest corporate rental leases in Gauteng and now the second phase of the desirable estate Hyde Park Terrace will soon be launching offering master designed homes off plan...
Hyde Park Terrace Development National Launch

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Luxury ‘bespoke’ homes on offer in new Somerset West estate
In the new Featherbrooke Private Estate in Somerset West, 19 homeowners are about to embark on a collaborative journey with master architect Yvette Buitendag to create a definitive statement in ‘bespoke’ living...
Luxury ‘bespoke’ homes on offer in new Somerset West estate

Big Bay, Sunningdale and West Beach are Leaders in Cape Town's Western Seaboard Property Run

Big Bay, Sunningdale and West Beach are Leaders in Cape Town's Western Seaboard Property Run
Founded by the 1820 settlers, the Eastern Cape city of Grahamstown is a historical treasure, an educational hub and, of course, the home of the National Arts Festival held every July...
Big Bay, Sunningdale and West Beach are Leaders in Cape Town's Western Seaboard Property Run
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