Weekly Newsletter
Friday, 08 June 2007
Property Search | Estate Agents | List your property

Edition 22 of 2007, Friday, 08 June 2007

Dear Reader

Is interest rate likely to go up? Who can still remember my opening statement of last weeks newsletter? Who can remember what they answered? Well the answer is so close! Reserve Bank governor Tito Mboweni raised its key repo rate by 50 basis points to 9,5% today. And this is not where it is going to end. There is a clear warning for consumers to stop spending. He also warned that the Reserve Bank will keep on monitoring inflation. A further rate increase before the end of 2007 is not impossible. Not good news for property owners

There is a clear demand for waterfront properties and we can see that the prices for these properties are escalating accordingly. Thus according Estate Agents operating at this end of the property market. Mostly on demand is inland waterfront properties.

Absa's forthcoming National Boat Show which takes place from 17 to 19 August at the Coca-Cola Dome in Northgate, Johannesburg and will be a keen attraction for all waterfront property investors. There will be inland and coastal waterfront properties featured on the expo with prices ranging from as little as R700k for a two-bedroom apartment in a riverfront complex, to R1,495 million for a three bedroom house in the up market Marina View development in Deneysville, to R2-million. For more information visit www.nationalboatshow.co.za

Green is considered one of the additive primary colours and this is where we are going to focus this week with three articles not to be missed;

  • SAPOA President Alex Phakethi announced SAPOA’s support for the establishment of a Green Building Council (GBC) in South Africa
  • Add a little green
  • My green house

We received a letter and included it in this weeks newsletter from one of our readers, Ms Pat Naicker addressed to residents and other interested and affected parties in Umhlanga, Kwazulu Natal, regarding the stabbing incident that was reported in the Mercury on 4 June. Thank you Ms Naicker!

It is not always possible for us to place all the article that we have received during the week in the newsletter. For more articles visit our CyberProp.com Blog.

The editor


>>Real Estate News - Rate hike?

Classic Business Day gets Nedbank chief economist Dennis Dykes on the line about Thursday’s interest rate decision from the SA Reserve Bank...

>>FNB unveils CT housing project

"We’re humbled once again by Minister Sisulu’s trust in us to continue with our housing partnership to alleviate the problem of limited housing stock in the affordable housing segment"

A key component of Government’s strategy to develop integrated human settlements came a step closer to fruition with the announcement of a partnership between the Department of Housing and First National Bank (FNB) to build affordable housing for people presently living in shacks or backyards, who are able to service relatively small bonds...

>> New credit act may lift demand for rented property

THE buy-to-let property investment market is being buoyed by “insatiable demand” for affordable housing, says residential property manager Trafalgar.

The group says research indicates that the majority of buy-to-let investors are acquiring properties in new developments off plan, specifically those accommodating the middle-income market requiring properties below the R1m mark...

>> S. Africa’s home to the rich and famous

Sunday, day for families. Dolphin Beach was teeming with them. Luckily, this was not peak season so we managed to have enough beach space for our gigantic towels and caboodles.

This was our main destination, Jeffrey’s Bay, surfers’ paradise and home to one of the biggest annual surf competitions in the world — the Billabong Supertube...

>> Focus on Knysan, Western Cape, South Africa

In the heart of the Garden Route, surrounded by forests, lakes, mountains and sea, this ever popular tourist destination is a charming town of legend, history, arts and crafts catering to visitors' every need or fancy.

>> View Properties in the Western Cape
>> View Properties in Knysna

>> Property of the week

Western Cape, Knysna, The Heads

Live in Style. The perfect marriage of land, home and north facing views. Situated on double stand over looking the Knysna Lagoon and the surrounding Outeniqua Mountains. This newly renovated, ultra modern, triple story home...

Search for property in your area

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>> News from - Nationlink

Tenants need insurance too

There is a common misconception among tenants that because they do not own the homes they occupy, they don't need insurance for their possessions.

"Far too many tenants," says Dr Piet Botha, chairman of the Nationlink estate agency group, "seem to be under the impression that their belongings are covered under their landlord's insurance - only to find once their goods have been stolen or damaged that this is of course not the case...

>> From the CyberProp Blog

Developers take a fresh look at energy efficiency

Electricity shortages are increasingly convincing property developers to take a fresh look at energy-efficient homes.

And nowhere is this more evident than in Johannesburg's northern suburbs, where hundreds of rezoning applications are pending because of power shortages...

>> Formation of a Green Building Council for South Africa

At the recent SAPOA Convention held in Sun City and attended by over a thousand delegates from across the property industry, SAPOA President Alex Phakethi announced SAPOA’s support for the establishment of a Green Building Council (GBC) in South Africa.

The initiative is being facilitated by Bruce Kerswill, managing director of Spire Property Management, who says that the GBC will be a non-profit organisation that promotes green building in SA. “It will provide a hub for information on green building, offer training and accreditation, and set the benchmarks and standards that are necessary in order to rate whether a building is considered ‘green’ or not...

>> Add a little green

Many homeowners dismiss the idea of trying to improve their homes because of their perceptions of high costs — but there is one way to bolster its value without taking out a second bond.

“A relatively inexpensive way to increase the value of your property is by creating a beautiful garden,” says Etrecia van Dyk, provincial manager at MortgageSA.

Could be inviting…

>> My green house

Fiona Macleod and Gavin Smitsdorp are well on their way to an eco-friendly home -- and a cheaper, cooler life

It is really not difficult to become independent of the national electricity grid. Recent outages in the Western Cape are a sign that, as with all abusive relationships, there comes a time when you have to decide to walk away and be self-reliant...

>> Stabbing Incident reported by the Mercury on the 4th June 2007

Re: Stabbing Incident reported by the Mercury on the 4th June 2007

I have been receiving a number of calls from concerned Residents and other interested and affected parties in Umhlanga regarding the stabbing incident that was reported in the Mercury on the 4th June.

I have also received calls from listeners of East Coast Radio who indicated they had heard that the incident was in the “Hawaan Forest.”

Firstly we extend our good wishes to Mr. Colin Browne the victim of this incident and wish him a speedy and comfortable early recovery from the trauma.

We have been informed by Mr. Peter Guthrie a close associate of Mr. Colin Browne that this incident occurred in the area around the Nature Reserve area alongside the Beach, and not the Hawaan Forest under our control nor indeed in the area of the Hawaan regularly patrolled by WESSA.

This crime incident is being handled by Inspector Casswell at Durban North Police.

Ms Pat Naicker.
Tel No: 031–561-3515

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