Weekly Newsletter
Friday, 05 August, 2005

Edition 29 of 2005, Friday, 05 August 2005

Dear Reader,

South African house prices recorded their slowest nominal monthly growth in three years in July and growth is expected to ease further this year, mortgage lender Absa said - Real Estate News - South Africa

Parliament is discussing a bill that would force financial institutions to explain why they refuse anybody credit. According to the document it will no longer be acceptable to say the person requesting credit is "blacklisted", or a poor credit risk. We believe that this legislation will benefit everyone and specially those looking to buy their first property.

"The last few years have seen new products coming out from banks and lending institutions that are changing the way we perceive savings and investments. We’ve seen consolidated loans and 0% interest savings accounts, 20-year fixed-rate bonds and pension-secured mortgages. All this makes it all that more important to know what you’re doing when financing so as to avoid costly mistakes. But lets stick to savings this week" this is what our wise man, Dave has to say this week - The Property Game - Stupidity and Hydrogen

Founded in 1813 on the banks of the Great Fish River to cater for the migratory farmers who settled in this ruggedly beautiful area with its excellent grazing, abundant water and healthy climate, Cradock today is a thriving agricultural community which specializes in the production of wool and mohair and in cattle farming - Focus on Cradock, Eastern Cape, South Africa

New on www.cyberprop.com - scoresheets!
Do you qualify for that homeloan? What will your monthly installments be? Visit www.cyberprop.com now, search for a property, click on more and score yourself. As easy as 1..2..3

CyberProp greetings!
The editor

 

>> Real Estate News - South Africa

SA house prices rise at slower pace

August 04, 2005, 16:00

South African house prices recorded their slowest nominal monthly growth in three years in July and growth is expected to ease further this year, mortgage lender Absa said.

The country's largest retail bank said house prices rose by a nominal 0.9% month-on-month in July, the lowest since March 2002. In June, prices rose by 1.1% compared to May. South African property has soared by around 200% since 1997. In 2004, house prices hit a 38-year peak, fuelled by the lowest interest rates in over two decades.

Healthy growths
But market players said the slowdown was limited to the upper end of the market, which has enjoyed a property boom over the past few years, while growth in other sectors remains healthy.

"I think as with any market, stock market or currency market, levels got too high. I think buyers or investors are taking a step back and saying 'Is there still value?'" Herschel Jawitz of estate agents Jawitz Properties, said.

Prices rose by a nominal 21.4% in July from a year ago. Absa also released real term figures for June, taking headline consumer inflation into account, showing prices were up 19.9% on June 2004. The nominal year-on-year increase in June, released by Absa last month, was 23.3%. The bank expects prices to rise by 20% for the full year compared to last year's 32%.

"Against this background, the affordability of housing will remain an important factor over the next 12 months, especially for first-time buyers," Jacques du Toit, an Absa economist, said in a research note. - Reuters

Article from: www.sabcnews.com
>> The Property Game - Stupidity and Hydrogen

Supplied by Dave Welmans www.thepropertygame.co.za

Stupidity and Hydrogen - "Stupidity is more plentiful than Hydrogen and has a longer shelf life." - Frank Zappa.

The last few years have seen new products coming out from banks and lending institutions that are changing the way we perceive savings and investments. We've seen consolidated loans and 0% interest savings accounts, 20-year fixed-rate bonds and pension-secured mortgages. All this makes it all that more important to know what you're doing when financing so as to avoid costly mistakes. But lets stick to savings this week...

>> House hunting can be a fascinating activity

"House hunting can be a fascinating activity — it’s the only time that you can walk into a stranger’s home and snoop around without fear of arrest. But, as much as it may satisfy your voyeuristic traits it can also become a long and arduous task. Once you have found your perfect home there are more choices to be made; not least of which is finding the best deal on a bond.." says Iona Minton

CyberBonds(Pty)Ltd. is a mortgage originator company and is responsible for processing new bonds and transferring existing bonds. Supply us with your contact details and one of our friendly CyberBonds consultants will contact you with expert advice on transferring your existing bond or help you apply for a new bond.

CyberBonds now offer these services, which can save you a lot of time and effort when looking for the best deal. Consumers can get loan approval in a couple of hours for no increased costs or obligation. In addition consultants will shop around for the best rates and packages that suit your particular needs.

--- Your Gift Voucher is waiting! ---

When you take out a home bond through CyberBonds, on registration you will recieve a R250 gift voucher from MacBryan's Gifts. They have a wide assortment of items for sale with a category for almost every type of person at just about every age. So don't hesistate, you can only win.

>> Squatters invade RDP houses

Some residents in Kleinskool, Port Elizabeth, are up in arms against people who are illegally occupying their RDP houses in Chatty while they continue to live in rundown shacks.

And another resident has been receiving bills for municipal services although her house has yet to be built.

Nohlelingaye Busika said she was surprised and shocked when she found people she knew from Kleinskool illegally occupying her house on Erf 7156.

>> Focus on Cradock, Eastern Cape, South Africa

Founded in 1813 on the banks of the Great Fish River to cater for the migratory farmers who settled in this ruggedly beautiful area with its excellent grazing, abundant water and healthy climate, Cradock today is a thriving agricultural community which specializes in the production of wool and mohair and in cattle farming...

View Properties in the Eastern Cape

>> Property of the week

Eastern Cape, St Francis Bay

Bedrooms: 3
Bathrooms: 3

Search for property in your area

Enter City/Suburb:
>> Should you buy off-plan?

Buying off-plan is often an appealing option for buyers who want a new, hassle-free home, but building delays and fine print can obstruct the path to the dream package.

Susan van Aswegen of Sotheby’s International Realty, operated by Lew Geffen says, "Ninety-nine percent of developments include all costs in the unit price. This is beneficial and appealing to the buyer in that the price they see is the price they pay.

>> Have fun - Ten retirement tips

Busy saving for your 'golden years'? Or perhaps you haven't started saving at all and need to know where to start? Iona Minton has 10 useful, and sobering, facts about saving for your retirement...

Face the music
The only way to know if you’re on track toward a comfortable retirement is to estimate your retirement expenses. After you’ve projected expenses, you can then calculate how much you need to save. Some financial planners use software to project how much you will need in retirement according to your lifestyle. This is an interesting exercise to go through as it is a great reality check....

>> News from The Property Magazine

I was still single and sports mad,’ says Derek Watts just a touch wistfully at a coffee shop where he has managed to twist his 1.98m frame into a tiny chair and neatly under an equally tiny table. ‘I would never have thought I’d actually buy property. It’s such a grown-up thing to do and journalists are pretty day-by-day people. But my older brother Roy, who’s been in property most of his life, said I had to buy something and settle down. These are horrible words to a single journo!’

Watts bought a spacious, three-bedroom duplex townhouse in Braemar, a complex in upmarket Strathavon, northern Johannesburg, in 1987. A big place for a bachelor, no matter how tall, his brother insisted it would be a good investment. He paid R96 000 for it...

>> Software at its best!

Cell Phone enquiries from the public

Buyers driving past your advertising boards will be able to see an unique Internet Number allocated to the specific property. They will then SMS that number to 35476 and will receive an SMS back with all the details of the property. At the same time the agent / agency will also be informed of a potential buyer. How's that for technology working for you! The cost - mahala! Free to all CyberAgent subscribers.

  1. Agent captures the details of the property and pictures into CyberAgent
  2. Agent updates the property to the Internet
  3. The Internet server sends back a unique number for that property
  4. Agent puts up his "For Sale" board together with our SMS board
  5. Potential buyer sees the "SMS" board and SMS's the unique number to the Internet server
  6. The Internet server sends back an SMS with all the property details and a link to the website where he/she can view pictures on the property

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 Northern Province Western Cape

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