Weekly Newsletter
Friday, 4 April 2008
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Edition 13 of 2008, Friday, 04 April 2008

Dear Reader

Hum for a Blustery Day - Winnie the Pooh

Hum dum dum ditty dum
Hum dum dum
Oh the wind is lashing lustily
And the trees are thrashing thrustily
And the leaves are rustling gustily
So it's rather safe to say
That it seems that it may turn out to be
It feels that it will undoubtedly
It looks like a rather blustery day, today
It sounds that it may turn out to be
Feels that it will undoubtedly
Looks like a rather blustery day today

It looks like a rather blustery year this according to Shaun le Roux, Alphen Asset Management. Shaun's advice; "We would be avoiding residential property in the meantime as we would anticipate that there will be a lot of pain to come in the middle- to upper-end over the next couple of years. By Moneyweb

We all know the saying that whatever goes up must come down. South African house prices fell in March for the first time in eight years, with the average house price down to R550000 from R570000 in February. House prices hit lowest point in eight years

On the other hand South African listed property performed well with a returned 27.7% last year, higher than the 27.1% of 2006. The 2007 South African Property Owners’ Association/IPD SA Property Index - which surveyed 70% of the total property assets held by financial institutions and property companies - showed that the last three years had seen the highest returns in the history of the index. How is 2008 going to perform?

Tony Clarke, MD of Rawson Properties predicts a further hike in the interest rate. According to him it is likely that it will be with a full 100 base point (1%) taking the interest rate to 15,5%. We will have to wait and see what next weeks meeting of the SA Reserve Bank delivers.

Which facility do you think raise the price of any property exponentially? And the answer is.. facilities for horses! "In my view," said Mike Greeff, CEO of Greeff Properties recently. "Horses are greedy, expensive luxuries, dangerous at both ends and uncomfortable in the middle, but the plain truth is that whenever a property has paddocks, stabling and access to riding trails it becomes eminently desirable and sought after - so much that in our business we have never had enough equestrian homes to meet the demands"

This week in Focus on we take a closer look at Robertson, Western Cape, South Africa. Robertson is well known for its beauty, renowned for its wines of connoisseur quality, radiant roses and thoroughbred horses. Columns of red or yellow cannas and flaming bougainvillea line the roads outside the wine estates, gardens overflow and vineyards are banked with roses, while brilliant mauve jacarandas shade the streets. The Robertson Wine Route is an officially recognised Wine of Origin region and the Cape's largest wine producing region under irrigation. www.sa-venues.com

In our CyberProp Blog we look at why the number of showhouses and showhouse visitors are well up on last year.

Enjoy!
The editor


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>> Real Estate News - NZ - Gisborne 'cushioned' as house prices drop

Lifestyle factors are expected to cushion Gisborne against the worst effects of the widely-predicted slump in property values, with weather cited as the main factor attracting people to the East Coast.

Real Estate Institute president Murray Cleland said this week property values could fall by more than 10 percent in the months ahead. BNZ economist Tony Alexander is putting the figure at nearly three times that amount, with the BNZ warning the Government against increasing the supply of houses when the market is diving...

>> It looks like a rather blustery year

Shaun le Roux looks at investment possibilities in the current blustery markets.

Hum for a Blustery Day - Winnie the Pooh

Hum dum dum ditty dum
Hum dum dum
Oh the wind is lashing lustily
And the trees are thrashing thrustily
And the leaves are rustling gustily
So it's rather safe to say
That it seems that it may turn out to be
It feels that it will undoubtedly
It looks like a rather blustery day, today
It sounds that it may turn out to be
Feels that it will undoubtedly
Looks like a rather blustery day today


When things are going well, economists like to talk of “tailwinds”, whilst economic challenges are referred to as “headwinds”. Markets around the world have moved sharply from having a nice steady breeze at their backs, to facing into the teeth of a category five hurricane. Nowhere is this more the case than in South Africa...

>> House prices hit lowest point in eight years

South African house prices fell in March for the first time in eight years, with the average house price down to R550000 from R570000 in February.

Standard Bank’s Residential Property Gauge released yesterday showed the decline reflected a year-on-year decline of -5.2 percent growth in the average pricing of residential properties...

>> Getting the keys to your new home

The contract is signed and sealed and you are making plans for the big move to your new home – but when does it actually become yours?

This question confuses many buyers, probably because the date of occupation does not always coincide with the date of possession, says Martin Schultheiss, CEO of the giant Homenet estate agency group...

>> Home affordability RIP

‘The final nail in the coffin of home affordability’.

That’s how Mike Bennett, Managing Director of Durban’s largest independent property group, ProProp, describes eThekwini Municipality’s proposed new rating system. He says the new system, which advocates home owners paying R0.009 for every Rand in the value of the property, will see rates in some suburbs rise by up to 140 percent.

“While the theoretical value of the rates increase is around 15 percent, in reality it’s in excess of 100 percent in some areas occupied by our new middle class — policemen, nurses, teachers and bank admin staff,” says Bennett...

Click here to visit their web site

>> 1% hike in interest rates likely next week

Rawson MD says government should be using its reserves to limit rate rises

It is now probable that next week’s meeting of the SA Reserve Bank will result in a further interest rate hike – and, says Tony Clarke, MD of Rawson Properties, this time it is likely to be a full 100 base points (i.e. 1%) taking the interest rate to 15,5%. This, he says, is the inevitable consequence of the current 9,4% CPIX inflation rate...

>> 30% plus of SA Expats in the UK plan to own SA property - 10% already do

Those who think that the one million plus South Africans now living in the UK have turned their backs on their home country could not be more wrong, says Lanice Steward, MD of Anne Porter Knight Frank.

“We have,” said Steward recently, “been in touch with two organisations marketing property in SA primarily to South African expatriates and it is quite clear that a high percentage (perhaps 10%) either already has bought property in SA or intends to do so. One survey shown to us indicates that 32% of UK based South Africans plan to buy here and that many already own two, three or more properties in SA.”

>> Cheaper housing takes up the mid-market slack

Building material retailers should benefit from growth in the affordable housing segment as middle- to upper-income residential developments slow, analysts say.

The lower end of the market, which is less exposed to credit, seems to have scope for growth as the middle-income sector finds itself constrained by debt...

>> Facilities for horses raise the price of any property exponential

Of all the factors influencing the values of upper bracket residential property probably none is more powerful than horses.

“In my view,” said Mike Greeff, Chief Executive of Greeff Properties recently, “horses are greedy, expensive luxuries, dangerous at both ends and uncomfortable in the middle, but the plain truth is that whenever a property has paddocks, stabling and access to riding trails it becomes eminently desirable and sought after - so much so that in our business we have never had enough equestrian homes to meet the demand.”

>> Letters to the editor

Reader: Hi, I'm Joe from **** Cleaners. A friend asked me to find out if it is compulsory to have a rental cleaned when the tenant moves out? If so does it say so on your contract? In other words does it say that the house will be spotless for the next tenant and that you will have it done for the tenant? Your help in this matter would be appreciated. Thanks, Joe

Editor: If you have an answer for Joe send it to news@cyberprop.com

>> Focus on Robertson, Western Cape, South Africa

Robertson is well-known as the Garden Town of the Boland of South Africa and is situated in the fertile Breede River valley, only 160km from Cape Town on the popular Route 62.

Situated at the foot of the Langeberg Mountains, Robertson offers the visitor wine estates, hiking trails, nature reserves, a riverside holiday resort, racehorse stud farms and above all exceptional hospitality.

>> View Properties in the Western Cape
>> View Properties in Robertson

>> Property of the week

Western Cape, Robertson

Bedrooms 5
Bathrooms 3
Notes: In the heart of the Robertson Valley between the vineyards and the orchards lie this prestigious 108 ha wine and fruit farm. A property full of tradition and heritage. The 200 ton cellar and outbuildings takes one back to years gone by.

Search for property in your area

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>> News from - Housing Minister Lindiwe Sisulu.

Housing agency to be functional by year end

Johannesburg – The Housing Development Agency, which aims to double the number of houses being built, will be fully operational by the end of the year, says Housing Minister Lindiwe Sisulu.

“The Bill was passed by the parliament’s housing portfolio committee and I hope it would be up and running by June,” she said told BuaNews when asked about the progress on the project’s implementation...

>> Syndic8 Solutions

Syndic8 Solutions specialises in the fractional ownership of luxury vacation properties and provides comfortable and practical solutions to making an investment commitment. Some of the properties in our portfolio include:

Zebula Country Club - Bella-Bella - From R475,000
African bush lodge experience.

For four weeks a year, you could own a portion of paradise. Zebula Country Club - Bella-Bella is an upscale, established bushveld estate, luxuriously nestled in the Limpopo Province, just 20 minutes outside the sunshine town of Bella-Bella. The reserve is situated in the peaceful and protective shadow of the majestic.

  • 5 Star Rated Estate
  • Waterberg Mountains
  • 4 Double bedrooms and 5 bathrooms
  • Peter Matkovich designed golf course
  • 20 Minutes from Bella-Bella
  • Zebu Health Spa
  • Game viewing in an adjacent Big 5 game reserve
  • Spectacular views from surrounding wooden decks

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4-week share is from R475 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Pinnacle Point Fynbos Village - Mosselbay - From R385,000
Pinnacle Point Fynbos Village has been referred to as golf’s new “Garden of Eden”. Situated at the gateway to the magnificent Garden Route.

We are offering you this luxuriously furnished seaside paradise and golf course extraordinaire as an ideal chance to Buy into Life.

  • 4 Bedrooms, 4.5 bathrooms
  • 180° Sea view
  • 2 Private beaches
  • 4-Seater golf cart
  • Casino Centre
  • Wellness Centre

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4 week share is fromR 385 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Pecanwood Estate - Hartebeespoort Dam - From R445,000
This is a proud new addition to the Syndic8 Solutions exclusive portfolio. Situated only forty minutes from Johannesburg, Pecanwood boasts a magnificent Jack Nicklaus signature golf course, which forms the perfect backdrop for the distinctive architecture of the luxurious homes. We are offering you this lavishly furnished house as the perfect chance to Buy into Life.
  • 5 Bedrooms, 4 bathrooms
  • 1 Jet ski & 1 Ski boat
  • 18 Hole Jack Nicklaus signature golf course
  • House beautifully positioned on fairway
  • Rated No.1 residential Golf Estate
  • House is situated in The Peninsula
  • Breath taking mountain surroundings
  • Walking distance from The Boat Club

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4 week share is from R 445 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Contact Syndic8 Solutions for more information:

0861 114 894 / +27 12 644 1495
www.syndic8solutions.co.za
info@syndic8solutions.co.za

>> Software at its best!

The Property Manager provides you with a very extensive and detailed list of criteria which you can capture for your property listings and gives you the control to decide how you would want these properties to be displayed on the Internet

  • Manage property for sale and previously sold
  • Activate or deactivate Internet listings with immediate effect - no waiting!
  • Keep track of your On Show and On Special properties and list them on your website
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If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.cyberagent.co.za or email: sales@cyberprop.com

For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Limpopo
Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape


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