Weekly Newsletter
Friday, 09 September, 2005
Property Search | Estate Agents | List your property

Edition 34 of 2005, Friday, 09 September 2005

Dear reader,

"The residential property market continues to be buoyant, with April's rate cut spurring further liveliness in house price growth. Notably, activity and prices of properties in the middle price ranges, which are boosted by, among other factors, booming sectional title developments, are outpacing the growth in other price bands. The macroeconomic environment and healthy consumer balance sheets remain supportive of a firm housing market" This is what Goolam Ballim Group Economist Standard Bank had to say this week.

Then from Jacques du Toit -ABSA, "The property market is definitely cooling off. The most important factor is affordability - housing has become relatively expensive." Absa said house prices rose by a nominal 0,6% in August compared to 0,9% in July - the lowest month on month growth since September 1999. In real terms, month on month growth was zero.

Property owners and developers continue to come up with ways that reflect what society wants. These changes in property uses and consequently values cause migrations of people from one lifestyle or location to another - Read more in this weeks article from Dave, The Property Game - Laager Revolutions

Have you asked yourself the question why is a house worth 50% more this year than it was just four years ago? It is exactly the same house in exactly the same place rendering exactly the same service to its owners. There are plenty of explanations for why it is now more valuable, but almost all of them are foolish: growing population, growing wealth, shrinking availability, echo boom buyers. Nothing has really changed between 2001 and 2005 that would make houses more valuable - from Doug Casey, The Daily Reckoning

Velddrif, Western Cape South Africa is situated some 2 km upstream from where the Berg River flows into the sea at the Bay of St Helena. The name Velddrif came into existence when a farmer, Theunis Smit, took his stock through a drift in the veld, to find grazing across the river. The animals often had to swim across the river. Later on, in 1899, a pont was built, which was the only means of crossing the Berg River.

CyberProp greetings!
The editor

 

>> Real Estate News - South Africa

The residential property market continues to be buoyant, with April's rate cut spurring further liveliness in house price growth. Notably, activity and prices of properties in the middle price ranges, which are boosted by, among other factors, booming sectional title developments, are outpacing the growth in other price bands. The macroeconomic environment and healthy consumer balance sheets remain supportive of a firm housing market. However, some consolidation in house prices is expected towards year-end, as a result of recent above-trend growth that created a high base from where future growth rates will be calculated; the reduction in pent-up demand after several years of brisk buying; and the fading impact of previous interest rate cuts.

>> The Property Game - Laager Revolutions

Supplied by Dave Welmans www.thepropertygame.co.za

Its fun to look back over the trends that have driven urban and leisure property developments and to try and fathom what might happen in the future. Cluster developments have only been popular since the eighties. Before that people only had the choice of freehold or sectional title flats. Today there are a myriad of different lifestyle choices that can be made...

>> House price growth slowest since 1999

HOUSE prices recorded their lowest nominal month on month growth since 1999 in August, mortgage lender Absa said today, with growth expected to slow further in the next year.

Property prices in SA have soared by over 200% since 1997, fuelled by low interest rates, but the country’s largest retail bank said the boom was coming to a natural end as houses have simply become too expensive.

>> Hot in the City!

More and more people are realising the benefits of living in the central city, said Mick Joyce, MD of Pam Golding Properties' Western Cape metro region, who was speaking at an event held recently at the converted Mutual Heights apartment building in Cape Town's city centre. This building was formerly the headquarters of Old Mutual. ..

>> What's Holding Gold Back?

After the price of gold spiked over $850 in January of 1980, gold production increased substantially - and it stayed up, even with the steep falloff in gold prices. Production has gone from about 1,200 tonnes per year in 1980 to its current level, over 2,500 tpy.

Where did all that new gold production come from? Aside from the dramatic increase in price incentive in 1980, new technologies have matured, such as heap leaching and satellite prospect identification. In addition, since the collapse of communism, many prospective areas of the world have opened to modern exploration...

>> Focus on Velddrif, Western Cape, South Africa

Velddrif is situated some 2 km upstream from where the Berg River flows into the sea at the Bay of St Helena. The name Velddrif came into existence when a farmer, Theunis Smit, took his stock through a drift in the veld, to find grazing across the river. The animals often had to swim across the river. Later on, in 1899, a pont was built, which was the only means of crossing the Berg River...

View Properties in the Western Cape | View Properties in Velddrif

>> Property of the week

Western Cape, St Helena Bay

Vacant Land

Notes: This plot is situated on the highest point with sea views to three sides. Must be seen to appreciate. Excellent investment.
Vicinity: Located on a peninsula between Paternoster and Shelley Point. All plots situated for best sea views.

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>> Have fun - Now is the time to paint your house!

Colour Fantasizer has designed to be functional and intuitive to allow the user to experiment with ideas, colours and techniques without the hassle, expense and associated costs of applying them in reality before a decision is made. Colour Fantasizer does not intend to effect a decision but provide the user with all their colour options and effects made available to them.

The colours represented are intended to match as closely to the actual paint colour. The colours may vary due to printer, screen and other factors influencing the appearance and display. The onus lies on the user to check against the real colour and colour swatch. This software is intended to provide an indication of colour onto a surface so that the user may gain an idea to their colour, technique and other choices.

>> From Africa
WHILE most South African property pundits will agree that the saying “Africa is not for sissies” rings true when it comes to property investment, some commentators believe there are major opportunities for local property companies on the continent.

This is despite a host of problems with title deeds, property administration and legal systems outside SA and certain other southern African states.

According to this month’s issue of Business in Africa, “it is estimated that sub-Saharan Africa alone is sitting on dead capital in the form of a dysfunctional property market to the tune of $970bn”.


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CyberAgent Mobile has incorporated the most commonly used functions of the CyberAgent package, into a mobile application. Included in this software is a powerful Website Interface catering for those agents without handheld devices, CyberAgent Online. The software is designed to be user friendly, and will run on any handheld device supporting Microsoft CE.

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