Weekly Property News
16 March 2012

Dear Reader

The saga around the Gauteng e-toll fees continues. The City of Johannesburg did not budget for e-toll fees for its 4 000 vehicles that it owns and which operates across the various departments. E-toll fees for the City of Johannesburg, with the new capped fee of R 550 per month, will be close to R 2 million rand per month. How will this be paid? Easily, by the residents of Johannesburg through increased rates and taxes.

E-tolling is now a reality and will commence on 30 April 2012.

Headlines: WITH more than 3-million reconstruction and development programme (RDP) houses having been allocated since the dawn of democracy, there are now indications the policy has served its purpose and the government is looking to replace it with something it considers more sustainable. The government announced two years ago that it would no longer be focusing on providing housing, to concentrate instead on the creation of human settlements. The department of housing has been renamed the Department of Human Settlements. This department plans to move away from the previous model, which focused on the provision of RDP houses, to the provision of a variety of accommodation, including high-rise flats. New windows opening in housing market

Market news: This is the highest reading since the fourth quarter of 2010 when the index spiked to 38. "However, this time around the higher confidence is supported by meaningful increases in activity and profitability, making us believe that the building cycle has bottomed and is now slowly recovering," FNB said. It added that the average of 34 still indicated that on average more than 6 out of 10 respondents in different sectors of the building industry rated prevailing business conditions as unsatisfactory. Building confidence up in first quarter

That strong demand, together with a lack of willing sellers, is causing land prices to continue to move higher across Western Canada, according to real estate agents specialising in farmland. "There seems to be new people every day looking to buy more.

The editor

In This Issue

Umhlanga, KwaZulu-Natal
Notes:This modern and elegant home has four well appointed bedrooms, all with en suite bathrooms, large open plan reception rooms and beautiful sea views...

CyberProp Property Count: 16/03/2012

Search Now

Properties for Sale: 129,279
Properties to Rent: 9,836

Local News

New windows opening in housing market

State shifting from RDP houses to variety of affordable homes, writes Thabang Mokopanele...

Building confidence up in first quarter

The FNB/BER building confidence index increased from 29 in 4Q2011 to 34 in the first quarter of 2012...

Home loan applications surge

The value of home loan applications in February this year was almost 50 percent higher than the same month last year, bond originator ooba said on Thursday...

"Ask not what your country can do for you, but what you can do for your country".

I do so applaud the sentiment expressed by Finance Minister Pravin Gordhan in his recent Budget speech as he paraphrased the great John F Kennedy's' famous quote: "Ask not what your country can do for you, but what you can do for your country"...

Cool home staging for late summer sales

Stage your home to create an overall impression of cool tranquillity in order to achieve a sale in the hot last days of summer...

Home prices slip again

According to the latest statistics released by ooba – South Africa’s leading bond originator - property prices in February showed positive year-on-year growth of 4.3 percent (i.e. it fell by two percent when taking inflation of 6.3 percent into account)...

Protector to probe Cape Town-Naspers ‘parking space’ property deal

Mathole Motshekga, chief whip of the African National Congress, says public protector will probe deal that seems ‘heavily inflated’...

Get cracking if you want to get into the market

Prospective homebuyers should accelerate their plans now if they still want to benefit from the "double positive" of low interest rates and low property prices...

Landlord SLA: fantasy or necessity?

What do you do when your aircon doesn't work for 6 months and the landlord, a nice enough fella, just can't deliver cool air?

Keep it fresh

Adding colour to the exterior of a home has become a hot trend over the past few years. “While a fresh coat of paint will give a house an updated look that is always attractive to buyers and can influence the perceived value of the property, it is important to choose the right colour to complement the home and its surroundings,” says Adrian Goslett, CEO of RE/MAX of Southern Africa...

Downsize your home effeciently

Whether you simply need a smaller property, are considering retirement or need to downsize your home due to financial reasons, moving from a large property into a much smaller one can be a big emotional life event...

MOI must be customised - do not use standard form

Lawyers have been highly critical of the standard form Memorandum of Incorporation contained in the regulations to the new Companies Act, saying that it can, if adopted as it stands, lead to serious problems for a company. Here Trudie Broekmann of Gunstons Attorneys explains why each company must now have its own MOI and not rely on the standard form...

Possible plea bargain in Machanik case

Former estate agent Wendy Machanik's case was postponed by the Commercial Crime Court in Johannesburg on Wednesday for a possible plea bargain agreement...

Implications of the Consumer Protection Act

A tidal wave of press comment on the implications of the new Consumer Protection Act has hit the media in recent months - and among those most concerned about it are South Africa’s estate agents and their principals...

New shopping centre for Jouberton in North West province’s mining hub

In May this year (2012) construction begins on the site of a new 15 000sqm shopping centre at the intersection of the N12 and Jabulani Street in Jouberton, which adjoins Klerksdorp, the mining centre of the North West Province...

Competition time

Howzit MSN celebrates new look property section with a whopping R20 000 cash give away

Howzit MSN, one of South Africa’s largest portals, has revamped its property section in partnership with CyberProp, and to celebrate it is giving away R20, 000 in cash to one lucky winner. The slick and improved property section adds international property listings, a range of powerful tools such as bond repayment and exchange rate calculators, and excellent data and statistics for buyers and sellers...

Focus On

Umhlanga, KwaZulu Natal, South Africa

Umhlanga is one of the most popular beach resort destinations on the east coast of South Africa. The bathing is safe and the warm Indian Ocean waters wash one of the most beautiful coastlines in the world...

>> Properties in Umhlanga
>> Properties in KwaZulu Natal

Search For Properties

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

Search for property in your area

Enter City/Suburb:

In the Area

The areas we are going to take a closer look at this week are;

  • Camps Bay
  • Southern Suburbs of Cape Town
In the area 1 - Camps Bay

Big demand for Camps Bay homes - but buyers insist on "realistic" prices

Anyone buying or selling a home in Camps Bay right now, says Helen Hoekstra, manager of Anne Porter Knight Frank’s Atlantic Seaboard branch, should take a good look at the latest PropStats figures for the area...

In the area 3 - Southern Suburbs of Cape Town

Intersect continues to grow footprint in Southern Suburbs

Intersect Sectional Title Services has been awarded two new management contracts in the Southern Suburbs of Cape Town...

To the editor

Share your comments with us by sending it to news@cyberprop.com

Local news continue

Questions to ask when choosing an estate agent

Your choice of estate agent to sell your property (if and when the time comes for that process to be set in motion) is the most crucial decision you as a home seller will make...

Attorneys tie up with environmental law experts

There is, says Garth Watson, a director of the Cape legal firm, Gunstons Attorneys, a pressing need for SA legal firms to be able to understand and advise on environmental law issues...

Decorex Seminar Durban

Decorex SA in proud association with Caesarstone invites you to the 4th annual ‘Conversations on Architecture’. Hosted by architectural mastermind, Hugh Fraser, the conference theme - 'Revisiting Craft in Architecture' - features a diverse line-up of top international and local industry players, as well as some of the region’s most creative young minds. Here's a sneak preview of what to expect this year...

Waterless urinal valves will be major contributor in saving water

South African managers and executives by and large accept that the problems facing the planet as a result of global warming and rapid population growth are serious – but unless they are actually in the conservation field, they tend to remain vague about what remedial measures could now be taken...

CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

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

Get in touch