Weekly Newsletter
Monday, 13 August 2007
Property Search | Estate Agents | List your property

Edition 31 of 2007, Monday, 13 August 2007

Dear Reader

Interest rates - The beginning of a new week and who knows what is going to happen with the interest rate? Central bank governor Tito Mboweni did warn South Africans that they will proceed with an increase. No good news for home owners.

Overall the house price index for South Africa does not look bad at all, a 16.74% house price increases y-o-y to Q1 2007. South Africa’s house prices have been escalating for seven continuous years, with price increases peaking at 30% in 2004.

Only a ticket will allow you entrance into this mansion. Graceland, home of the King. Since he died in 1977, Elvis’s mansion, Graceland, has become a shrine, the reason for thousands of people’s pilgrimage to Memphis, a hot and sticky city on the banks of the Mississippi River, which is also home to large and aggressive mosquitoes. The mansion is set well back from the road on rolling lawns and obscured by tall trees between which the driveway winds. A high wall, covered with devoted fans’ declarations of undying love, adds to the relative privacy. Fans all over the world are prepare to mark the 30th anniversary of his death.

Since the implementation of the National Credit Act in June, “disposable income” has become part of the latest industry jargon. However, if you’re not au fait with how this is determined, you probably won’t be able to position your bond application in such a way that you qualify for the bond you require. Property Finance Specialist, Tess Rodrigues of Property Factor, gives some insight into how your available disposable income is determined and what factors are taken into account. From www.rodneyhayter.com

In 1873 a town was proclaimed on portions of the farms Elandsfontein and Doornfontein, owned by Hendrek Greef. The town was named by President Thomas Francois Burgers of the Zuid-Afrikaansche Republiek. He hoped that the town could become the light of the region. Lichtenburg became a municipality in 1904. In 1926 a diamond was found by a labourer named Jan on the farm Elandsputte, owned by Jacobus Voorendyk. There was a diamond rush with more than 100'000 diggers over the next year. By 1935 the rush was burnt out after 7 million carats of diamonds were found, Focus on Lichtenburg, North West, South Africa

Do not forget to visit our CyberProp Blog for more property news and views.

Enjoy!
The editor


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>> Real Estate News - Housing market can take the hit, experts say (Australia)

HOME buyers will absorb higher interest rates and there will be little impact on Melbourne's strong residential property market, industry experts say.

As the Reserve Bank yesterday announced a quarter-basis-point rise in interest rates — the fifth since 2004 — Real Estate Institute of Victoria chief executive Enzo Raimondo said the Melbourne market was largely immune...

>> Overseas Property Prices Shift

The winners and the losers in Global House Prices are revealed in a report by the Global Property Guide. The world’s house price boom continues in 2007, albeit at a much slower pace and with different set of countries.

A dramatic slowdown has taken place in several countries in Europe. House prices in Estonia, 2005 and 2006’s star performer, rose only 5.68% y-o-y to Q1 2007, dramatically lower than the 77.52% y-o-y increase to Q1 2006...

>> Inland property prices soar

Property prices for large homes in SA are soaring in the ‘secondary’ inland provinces, much more so than in the major metropolitan areas, an expert says.

According to Tony Clarke, Rawson Properties MD, the Western Cape and Gauteng are now losing out, as provinces like Mpumalanga — which has seen a near 34 percent year-on-year rise in house prices — and Limpopo Province and the Free State — which have both seen a 30 percent increase — take off...

>> Division multiplies fortunes in pricey Sandhurst

Enclave carved up as wealthy clamour for the right address.

Seven years ago, pensioner Josephine Meintjes visited Sandhurst, a high-security enclave in northern Johannesburg, and splashed out R7-million on an 11000m² estate.

Within five years, she had subdivided the estate into four properties, built three ultra-modern mansions — and sold them for R15-million each.

>> Property Tip of the Day 69 – Disposable income
Rodney Hayter

Since the implementation of the National Credit Act in June, “disposable income” has become part of the latest industry jargon. However, if you’re not au fait with how this is determined, you probably won’t be able to position your bond application in such a way that you qualify for the bond you require.

Property Finance Specialist, Tess Rodrigues of Property Factor, gives some insight into how your available disposable income is determined and what factors are taken into account...

>> Chas Everitt appoints national brand manager

The Chas Everitt International property group has announced the appointment of Cape Town real estate stalwart Andre de Villiers to the newly-created position of national brand manager.

This follows the creation of a national marketing committee made up of representatives from the group's various operating regions, which is intended to channel the considerable marketing knowledge and experience resident in the group...

>> Focus on Lichtenburg, North West, South Africa

The town was established on the farms Middelbosch and Doornfontein which were presented for this purpose to the Transvaal Republic by Commandant Hendrik Greeff in 1866. Greeff named he town Lichtenburg as he wanted it to be a town whose light would shine over the area, not just for its hospitality and prosperity, but also in respect of religion.

>> View Properties in Lichtenburg
>> View Properties in North West

>> Property of the week

North West, Lichtenburg, Kieserville

Bedrooms 3
Bathrooms 2.5
Garages 2

Search for property in your area

Enter City/Suburb:
>> Hundreds left homeless in SA inferno

A total of 28 people died and hundreds of homes were destroyed by a series of forest fires which have swept through parts of South Africa and Swaziland since the end of July, officials said on Thursday.

"26 deaths have been reported thus far," in South Africa alone, said a statement issued after a cabinet meeting on Wednesday.

Two people were reported dead as a result of the fire in neighbouring Swaziland...

>> News from - Spire Property Management

SPIRE TAKING UP GREEN BUILDING CHALLENGE

Growing public concern about global warming is putting pressure on property developers to go ‘green’.

Bruce Kerswill, Managing Director of Spire Property Management says that with buildings consuming nearly 50% of the world’s energy, and with the ability of developers to reduce energy consumption in buildings by over 50% through ‘green building’ techniques, the property sector can have a major impact on reducing energy consumption and greenhouse gas emissions...

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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


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