Weekly Newsletter
Friday, 10 February, 2005
Property Search | Estate Agents | List your property

Edition 06 of 2006, Friday, 10 February 2006

Dear Reader,

South Africa is leading the field in the property rates, this is ’During 2005 house prices increased in 20 countries out of the 23 countries monitored by the Worldwide Commercial Real Estate Information Portal. According to studies done by this portal on average, house prices increased by 6.7% p.a. worldwide in 2005 compared to 9.4% p.a. in 2004. South Africa took first place with 14.7% p.a.

If you thought that property and politics had nothing to do with each other, think again. As Dave's says, "There are myriad connections between national and local legislation that affects property owners" and "Property ownership is one of the key ways in which the government set about collecting these taxes". Read more in The Property Game - Politics and Property

Ingrid Smit, property journalist, a new comer to our CyberProp.com newsletter, will in future enrich us with her real estate related articles. A big Cyber welcome to Ingrid. A changed market - This weeks article focus on what is happening in the property market. "After a two year flat-out gallop, the pace of South Africa's property market has slowed to an enduring canter, the reins now firmly in the hands of buyers".

Dundee on the Northern slopes of the Biggarsberg is where KwaZulu Natal’s great coal mining industry originated. Today only one coal mine is still in operation while cattle and sheep ranching and maize growing are the main agricultural pursuits of the district - Focus on Dundee, Kwazulu Natal, South Africa

In Have Fun we stay with "rooms" but this time not how to decorate it but how to organise it. I am sure that you will agree with me that organising a Childs room is no "Childs play".

Enjoy!
The editor

 

 

>> Real Estate News - Housing prices continue to soar worldwide

As the world becomes more urbanised, the need for appropriate accommodation has become both a priority and a scarcity as housing prices continue to soar.

According to a recent study, South Africa is leading the field in the property rates ’During 2005 house prices increased in 20 countries out of the 23 countries monitored by the Worldwide Commercial Real Estate Information Portal.

>> Be a winner with Nedbank

AlphaBond

Nedbank’s AlphaBond caters for the unique financial needs of first-time home buyers.

FEATURES:

  • Minimum loan amount R 100,000
  • Maximum repayment to income – 30%
  • Term – up to 360 months
  • Loan to property value – up to 108%
  • Interest rate – fixed or variable interest rate. You may apply for a rate concession once the loan to value falls below 100%.
  • There are two product options:
    • Costs capitalised: You can register a home loan of up to 108% to cover your start-up costs. The additional 8% will cover the tariff fee, registration costs and transfer duty as well as a guaranteed cash-back, which varies according to the size of your loan.
    • Initial payment holiday: You are granted an initial three-month payment holiday and only start paying off your home loan in your fourth month.
  • A Readvance is available once your loan to value falls below 100%, usually this is only after about 5 years.
  • NedRevolve - provides you with flexibility and control to manage your finances more effectively and is an ideal vehicle to accumulate tax-free savings.
  • Further loan without registration (Readvance) - gives you access to the capital amount already paid off up to the original loan amount without having to register a new home loan.
  • Further loan with registration - allows you to register a second home loan to extend or improve your present home.
  • Nedbank Accelerated Payments - enables you to pay off your home loan sooner than the term stipulated in your home loan agreement.
  • House Owners Insurance (HOC) - protects the bank’s interest and prevents financial loss to both the client and the bank. It is a condition of every Nedbank home loan. The HOC covers the property and the outbuildings, for example, the garage, swimming pool, walls, driveway and improvements, for the full replacement value.
  • Loan Protection Assurance (LPA) optional - ensures that your family is not left to continue meeting the bond repayments in the event of your death or disability.

BENEFITS:

  • The product is tailored towards the needs of first-time buyers by assisting them with the costly startup costs or by granting a 3-month payment holiday. This means that there is extra money to purchase those necessary household goods for your new home.
>> The Property Game - Politics and property

Supplied by Dave Welmans www.thepropertygame.co.za

Next week sees the Honourable Minister of Finance, Mr. Trevor Manuel, deliver his 10th budget speech. If you thought that property and politics had nothing to do with each other, think again. There are myriad connections between national and local legislation that affects property owners. It is the business of government to promulgate laws that enables them to collect monies and use these for the betterment of society. Property ownership is one of the key ways in which the government set about collecting these taxes...

>> A changed market

Supplied by Ingrid Smit

After a two year flat-out gallop, the pace of South Africa's property market has slowed to an enduring canter, the reins now firmly in the hands of buyers.

Speaking in Cape Town recently, National Referral Network (NRN) chairman Terry Brookes said that the new year had dawned on a changed market. While activity had been surprisingly good during January, there had been a definite shift away from a seller's market to a buyer's market. Seeing this as a positive move, Brookes said this changed state of affairs would ensure the market's long-term sustainability by effectively putting the brakes on runaway pricing, since the issue of affordability was biting into most home buyers...

>> A ticket to high-density living

THE Gautrain Rapid Rail Link is expected to be a catalyst for billions of rands worth of property development ranging from new residential space to offices and retail property around Gauteng.

The Gautrain project team, which includes such disciplines as town planners, quantity surveyors and civil engineers, says all the rail stations on the Gautrain’s route are places where the “impact of the Gautrain will be felt”...

>> Foreigners not to blame

Article From:

A tightening up of foreign investors’ property ownership policies would hinder the economy and put a dampener on economic growth.

So says Barak Geffen, Executive Director of Sotheby’s International Realty SA, who believes that President Thabo Mbeki’s plans to tighten rules for foreigners buying land in SA is not good news.

"Foreign investors should be encouraged to invest in South Africa and we should be making it easier, not more difficult for foreigners to bring much needed skills and capital to SA to actively help grow the economy. One needs only look to the Australian example to see how foreign investors can help to uplift the standard of living for all South Africans," he said...

>> Focus on Dundee, Kwazuly Natal, South Afica

Dundee on the Northern slopes of the Biggarsberg is where KwaZulu Natal’s great coal mining industry originated.

The Dundee Coal Company was floated on the London Stock Exchange in 1899, and Dundee soon emerged as a boomtown graced with stately homes and the first theatre north of Port Natal-Durban. Pioneer traders from the Indian sub-continent settled here during the following decade, when Dundee became the meeting place of seven roads into the hinterland and coast...

View Properties in Kwazulu Natal | View Properties in Dundee

>> Property of the week

Kwazulu Natal, Dundee

Bedrooms: 3
Bathrooms: 3
Notes: PRISTINE AFRICA!!! 1705 hectares of pristine Africa with a magnificent lodge. Wide range of plains game, in the heart of the battlefield. An unique game investment.

Search for property in your area

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>> Have Fun - Recruit Your Kids to Help Get Their Rooms Organized

You'll Need All the Help You Can Get

With kids out of school, this could be the perfect time to recruit them to help organize their rooms. If you get them to help plan the job and help with the work, they just might be more interested in keeping their things organized.

Once you evaluate the task at hand, you may feel that a total organizational makeover is necessary.

You'll have to start somewhere, so we suggest clothing, toys, books, and papers. With these put under control, you'll be surprised how much progress you've made!

>> News from the government - the government will regulate the conditions under which foreigners buy local land

Land regulation will hurt investment

Regulating foreign ownership of real estate is “silly romanticism” that could alienate the much-needed investment into South Africa and impair economic growth, warned Leon Louw, of the Free Market Foundation.

Louw was reacting to Thabo Mbeki’s announcement in his State of the Nation speech last Friday that in 2006 the government will regulate the conditions under which foreigners buy local land...

>> 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.

Here's a diagram on the way this process will work...

  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