Weekly Property News
02 September 2011

Dear Reader

It’s World Cup mode in South Africa!

Amma bokke don’t think of coming back if you don’t win” This was just one of the sayings from the thousands of supports who gathered yesterday in their green and gold to say farewell to the Springboks as they were on their way to New Zealand. “Springboks, go to New Zealand and fight for your country,” these were the words of Sports Minister Fikile Mbalula.

We wish our team well. Bring it home!

Sometime ago we reported on Shell’s plans to explore for gas in the Karoo. These plans however received opposition from land owners and environmental lobby groups. There might be reports showing that the shale gas in the Karoo will make SA self-sufficient for decades to come, solving South Africa’s energy problem and there might be a commitment from Shell’s to compensation landowners but one cannot help to wonder what the end result will be.

Headlines: The release of anaemic second-quarter growth figures has fuelled speculation that the Reserve Bank might lower interest rates in the near future. Although there was growth in some sectors — general government services increased by 0,8%; finance, real estate and business services all rose by 0,6%; and the wholesale, retail and motor trade and catering and accommodation industry by 0,5% — this was insufficient to counteract shrinking in other sectors. Rate cut may be wrong medicine

Market news: August FNB House price numbers are providing a mixed picture for the residential property sector according to John Loos, property market strategist at FNB Home Loans. In year-on-year (y/y) terms, the FNB House Price Index growth rate continued to accelerate, he said; the index rose by 6.1 percent y/y in August. This represented an increase on the revised growth rate of 4.8 percent for July and a reflection, with a lag, of the mild resurgence in demand in the summer of 2010/11. Home prices rising again

The editor

In This Issue
Featured Property

Western Cape, Gansbaai

6Ha spacious farm only 25km from Pearly Beach ocean. Includes one earth dam,fountain and sprinklers. Main family home consist of 3 bedrooms, 2 bathrooms, 1 study and an open plan lounge, dining room, family room and nice braai area....

CyberProp Property Count: 02/09/2011

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Properties for Sale: 144,979
Properties to Rent: 10,295

Local News

Rate cut may be wrong medicine

THE release of anaemic second-quarter growth figures has fuelled speculation that the Reserve Bank might lower interest rates in the near future...

Interest rates should remain low for longer

More economists are revising their interest rate outlooks from forecasts of an increase in the final quarter of 2011 to the first rate hike now only seen in the second half of 2012 on the back of a string of disappointing local economic data...

Home prices rising again

August FNB House price numbers are providing a mixed picture for the residential property sector according to John Loos, property market strategist at FNB Home Loans...

Property slump hits Garden Route golf estates

The property market slump has also taken the shine off the host of multimillion-rand golf estate developments on the Garden Route, a sector which less than 10 years ago was still being heralded as a major economic driver for the region...

Investors ‘can help boost residential property market

THE best hope for the beleaguered residential property market was robust investor activity, Auction Alliance CEO Rael Levitt said yesterday...

'State will screw it up'

The government will not be able to manage land that proposed legislation on land reform says it should own, Agri SA said on Thursday...

Gautrain drives up prices

The opening of more Gautrain stations along the Johannesburg-Pretoria route will change the way many of Gauteng’s residents live, work, shop and play...

Homebuyers preparing for 'good new times'

There are now encouraging signs of easier times ahead for the beleaguered property market...

A good credit record is worth cultivating

It’s never too early to start building a healthy credit record. That’s the advice of Young Carr, CEO of the Aida property group, who notes: “Most homebuyers need home loans, but what many don’t appreciate is that the process of obtaining this credit actually needs to begin years in advance of the decision to buy property.

Young property buyers 'more prominent'

Young buyers have increased in prominence since 2008 but have not reached the same high percentages of the boom years according to John Loos, property analyst at FNB Home Loans...

You can never be too exposed

Even Yahoo! Real Estate - which attracts 7,63m unique visitors a month and is arguably the world’s top real estate portal – only has a 6,51% share of the US home search market...

Green buildings - a great idea, but someone has to pay for it

The green building movement has come to the fore in recent years with a growing number of protagonists claiming it is the way of the future for buildings..

Buying Green

With the ever-growing concern of global warming and the affect our carbon footprint leaves on the environment, more and more homeowners are choosing to go green than ever before, says Adrian Goslett, CEO of RE/MAX of Southern Africa...

Going back South

With a mountainous backdrop that stretches from Devil’s Peak to Silvermine it’s easy to see why many property investors choose to settle in the Southern Suburbs of Cape Town, says Graham Gavin, Broker/Owner of RE/MAX Premier...

Questions to ask when buying into a sectional title scheme

Those contemplating a purchase in a sectional title scheme often do not take sufficient trouble to investigate just how efficiently - or inefficiently - the scheme’s management is operating...

Focus On

Gansbaai, Western Cape, South Africa

Life in Gansbaai is very much associated with the sea and the fishing industry. The cove that once provided safe landing spot for the small fishing vessels of yesteryear, was deepened, adequate moorings were built and today...

>> Properties in Gansbaai
>> Properties in the Western Cape

Search For Properties

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

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In the Area

The areas we are going to take a closer look at this week are;

  • Southern Suburbs
  • George
  • Stilfontein
In the area 1 - Southern Suburbs

The plush Cape Town suburbs of Bishopscourt and Constantia, always among the top choices for wealthy SA homebuyers, are increasingly now also attracting some of the country’s highest-paying tenants...

In the area 2 - George

With its mild climate and beautiful scenery, the Southern Cape city of George has a long-standing reputation as a fashionable holiday destination and peaceful retirement retreat – and now offers some great purchase opportunities for those property buyers keen to downscale...

In the area 3 - Stilfontein

Low prices buoy sales volumes in Stilfontein

Despite a depressed local economy, property sales volumes are holding steady in the small North West town of Stilfontein, thanks to an influx of buyers from neighbouring towns...

To the editor

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Local news continue

Higher interest rates charged on levy arrears

Trustees and managing agents of sectional title property schemes are permitted in South African law to charge interest on arrear levies and this ruling incorporates compound interest i.e. interest on already levied interest charges...

The world's best cities

Melbourne has edged out long-time front-runner Vancouver to be rated the world's most liveable city, a worldwide survey from the Economist Intelligence Unit said Tuesday...

CT wins invasion battle

Land invaders who took over two council-owned fields in Cape Town earlier this year have been ordered to leave by 26 September...

It’s show time!

Many sellers are often unprepared when it comes to showing their house in the best possible light on show day. Adrian Goslett, CEO of RE/MAX of Southern Africa, says that being prepared and having your home in tip-top shape on show day will give you the greatest chance of getting the right buyer to sign on the dotted line...

Land reform proposals run into heavy fire

CAPE TOWN — The role of the judiciary may be infringed and the willing buyer, willing seller principle in land transactions has been effectively abandoned in the green paper on land reform...

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