Weekly Newsletter
Friday, 14 July, 2006
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Edition 28 of 2006, Friday, 14 July 2006

Dear Reader

Fifa secured $3,1bn for its budget for the 2010 soccer World Cup in South Africa, the biggest amount in Fifa’s history. The money comes mainly from corporate sponsors and broadcasting right.

Last week the question was asked if real estate in South Africa will be on the winner side or will it join the loosing team over the next few years leading up to the World Cup. According to this weeks property news it is going to be a long and hard battle to get to the winning side as residential property price growth is expected to slow to zero by the end of this year according to Standard Bank’s quarterly property report.

The bank’s senior economist, Elna Moolman, said yesterday this slowdown in residential property would be due to rising interest rates, rising consumer debt and inflation. She also indicated that it should pick up from the middle of next year and from then on continue keeping pace with nominal income growth of 10% a year.

Is Gauteng still the country’s engine of growth in the real estate industry and will it continue to be the best performing province? More interest hikes?

When 73-year-old Mike Johnson smashed through the boom closing off a residential street in President Park, Midrand, earlier this year, the issue of road closures, 'gated communities' and property crime rose to the fore yet again.
News from – iAfrica

Welcome to the night sky above Sutherland, South Africa. “Gateway to the universe” That is what they call Sutherland, Northern Cape, South Africa. The coldest place in South Africa. The place where you find the largest telescope in the Southern Hemisphere. A telescope so powerful that you could see a candle flame on the moon. But also the place with the freshest air than anywhere in the world.
Focus on

To take a view with SALT (Southern African Large Telescope) click on the following link: http://nightskylive.net/sa/

The editor

>> Real Estate News - Australia

The Australian property market continues to gain strength, according to the latest monthly housing finance figures released by the Australian Bureau of Statistics.

The statistics show the number of Australians buying homes in May increased by one percent, the eleventh consecutive monthly increase. Seasonally adjusted figures put the increase in the number of home loans at 4,5 percent, compared with the previous month...

>> Property growth slows in June

Residential property prices had slowed to 6.5% in June when compared to the same period the year before - the lowest since January 2003, economist Elna Moolman said on Wednesday at the release of Standard Bank's Quarterly Property Report...

>> More interest rate hikes?

Further interest rates hikes are expected but property investors shouldn’t worry.

Property experts agree the current softening of the market is a hiccup and residential property values still have a long way go.

Speaking at a YDL property market update, John Loos, FNB property strategist said the bank forecasts a further increase of 50 basis points in October, followed by a final hike early next year...

>> Rate hikes ‘no threat to offices’

THE recent interest-rate increase and the threat of more hikes to come this year will not put a damper on commercial property development activity over the next year, says the latest Rode’s Report.

And increasing interest rates will reinforce the stable residential property market and prevent any chance of bubble conditions emerging in the market, the report says. It paints a positive picture for commercial building activity...

>> Focus on Sutherland, Northern Cape, South Africa

Gateway to the universe ....... that is what they call Sutherland. Land of snow and stars.
The coldest place in the Republic. The place where you find the largest telescope in the Southern Hemisphere....... a telescope so powerful that one could see a candle flame on the moon. When you take the tar road from Cape Town , you turn off at Matjiesfontein, the famous English Karoo town with its splendid museum, then another 110 km and you reach Sutherland ..... not only famous for its Observatory but also for its pure , fresh air …... fresher than anywhere else in the world!

View Properties in the Northern Cape | View Properties in Sutherland

>> Property of the week

Northern Cape, Sutherland

Unique 3000ha farm available on 2 title deeds (2600 and 400ha). Farm divided into 7 large camps with good fencing and Jackal proof perimeter fencing. Largest camp is on plateau and game fenced with 50 springbuck. All camps have drinking water for stock. 450 Dorper ewes for sale. Roads on farm very good to veld tracks and some are well suited to creating a 4 x 4 route for tourism. House is very well situated in a valley with about half the farm on koppies and a plateau. Beautiful views and nature. Lovely old stone walls everywhere which creates a great old world atmosphere. ESKOM power.

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>> News from - iAfica

Beat crime by design
Felix Sebata

When 73-year-old Mike Johnson smashed through the boom closing off a residential street in President Park, Midrand, earlier this year, the issue of road closures, 'gated communities' and property crime rose to the fore yet again.

The topic remains a controversial one, with activists like Johnson highlighting the inconvenience caused by what they consider unconstitutional, and predominantly illegal, road closures; and the communities themselves citing the substantial reductions in crime such measures appear to produce...

>> Have Fun – Charity Décor event

The Heart of The Home Channels’ 2nd Charity Décor event in aid of the Johannesburg Child Welfare Society

In its second year on the Johannesburg social calendar is the Heart of The Home Channel Charity Décor event. It provides those with a sense of style, as well as a social conscience with the opportunity to network, learn from décor, design, gardening and lifestyle experts about the latest trends to watch out for, have a classy lunch and improve the lives of Johannesburg's less privileged children. All of this and fun too!!!

>> Software at its best!

With the latest innovation from USP Designs, you can expect your office to be a little quieter from now on. At USP Designs, we understand that time spent behind a desk, is money lost, therefore we have invested a great deal of time to develop software that allows you to spend less time in the office, and more time seeing clients.

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

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

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