Weekly Property News
18 February 2011
FROM THE EDITOR

Dear Reader

BIG in the news this week is the toll roads in Gauteng. Motorcar users will pay 66c/km when the province's open-road toll collection system goes live on June 23. Should you have an etag the cost will come down to 49,5c/km. Users can calculate their toll fees at http://www.sanral.co.za/tollcalc. I found an interesting article by Irma Venter on Engineersnews.co.za on how it all fits together, Chapter and verse on proposed Gauteng toll fees

In my opinion and those of other property guru these toll fees will have a huge negative impact on the property industry. Do you agree?

Toll roads are the big issue for many consumers at the moment - especially in Gauteng – and they are set to have a major impact on home buying and renting patterns. So says Harcourts Africa CEO Richard Gray, who notes: “Hundreds of thousands of people travel between Johannesburg and Pretoria every day, many of them living in one city and working in the other, and it is estimated that such commutes will add at least R1000 a month per vehicle to the monthly household budget. Toll roads will cause major shifts in property market

Headlines: Residential property prices declined in January 2011, albeit from a solid base following their strong recovery last year. However, according to bond originator ooba conditions are favourable for homebuyers to consider getting onto the property ladder. Property crashes

Market news: There’s good news for property in the latest statistics showing a sharp drop in both liquidations and insolvencies last year.That’s the word from RealNet MD Jan Davel, who says the figures indicate that the finances of both businesses and individuals are recovering from the effects of the recession, and that this will translate into an increase in demand for all types of property. Insolvency drop good news for property

Enjoy!
The editor

In This Issue
Featured Property

North West, Hartbeespoort, Pecanwood
House: Bedrooms: 3 | Bathrooms: 3
Architectural, north-facing waterfront masterpiece with George de Haast interior...

Local News

Property crashes

Residential property prices declined in January 2011, albeit from a solid base following their strong recovery last year...


Heavy tax burden is squashing home dreams

Individuals in SA are paying way too much tax - and it is time to ease that load or the economy, and the housing market, will continue to exhibit only sluggish growth...


Insolvency drop good news for property

There’s good news for property in the latest statistics showing a sharp drop in both liquidations and insolvencies last year...


Residential sales are improving - but bond negotiations not

Another high profile figure in the property industry, Michael Bauer, managing director of IHPC (Pty) Ltd, has said that he finds the methods by which banks issue - or do not issue - mortgage bonds to be difficult to understand and lacking in consistency...


Estate agent survey reveals improvement in demand

First National Bank’s (FNB) recently released 4th Quarter 2010 Estate Agent Survey shows that the property market ended last year on a better note than 2009...


Current interest rates mean opportunity for buyers

There has never been a better time to invest in property. This is according to Adrian Goslett, CEO of RE/MAX of Southern Africa...


Chapter and verse on proposed Gauteng toll fees

Gauteng car users will pay 66c/km when the province’s open-road toll collection system goes live on June 23. However, this will be for users without etags, such as visitors from other provinces. This is called the vehicle licence tariff...


Toll roads will cause major shifts in property market

Toll roads are the big issue for many consumers at the moment - especially in Gauteng – and they are set to have a major impact on home buying and renting patterns...


What the lenders don't want to see

If you want to improve your chances of being approved for a home loan, you should try not to take on any other big debts in the six months before you apply...


A buyer's guide to keeping track of properties

Finding the perfect home usually takes time and can, if not handled correctly, prove to be a confusing exercise for buyers...


Common law marriages create problems in property ownership

With traditional marriage agreements now considered passé by many people, quite frequently a couple will buy a house or an apartment together – but only one person will sign for it...


Give your agent the right information

The more information you are willing to give to your agent, the quicker you’ll find the house of your dreams, at a price you can really afford, says Adrian Goslett, CEO of RE/MAX of Southern Africa...


Know your rental rights

The rules of the game regarding rental deposits are the same whether you are renting a residential property or holiday accommodation...


Bodies corporate have difficulty finding required number of trustees

Bodies corporate owners of sectional title schemes often have difficulty in finding enough trustees to elect at the Annual General Meeting...


Landlords costs usually payable by the tenantt

Lease agreements are by no means standard and cost recovery arrangements by landlords vary from property to property...


Top honours for Chas Everitt agencies and agents

At a recent ceremony held to honour high achievers in the Eastern Cape/ Garden Route region, the Chas Everitt International property group named its Port Elizabeth branch as the top metro office...


Focus On

Hartbeespoort, North West, South Africa

Hartbeespoort dam, with its spectacular scenery and the village surrounding it, are in close proximity to Johannesburg and Pretoria and is the principal water recreation area of Northern Gauteng...

>> Properties in Hartbeespoort
>> Properties in North West


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;

  • Morningside
  • Centurion
In the area 1 - Morningside

Lots of people would like to buy a home in Morningside – but not at the current asking prices...


In the area 2 - Centurion

Centurion, sited just outside of Pretoria, has in recent years seen fast growth but is now able to offer residential property buyers houses at exceptionally “reasonable” prices...


To the editor

To the editor 1

R9-billion rand to be set aside for a job creation fund over the next three financial years and tax breaks for the private sector to stimulate job growth in manufacturing. This was announced by President Zuma in his address to the nation last night. Despite efforts of the government to create more jobs over the last few years one in four people in South Africa is still unemployed. Is job creation important for the real estate sector? We asked our readers to send us their viewpoints.

A mere 20% was of the opinion that job creation will have zero effect on the property industry.

To the editor 2

Dear Editor

Why is that these builders are not prosecuted? Tokyo Sexwale has a lot to answer for-all he does is accumulate more billions.

How much more can this cash cow be milked

Regards
Lesley

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


News from Intersect

Cape based Intersect appoints new Managing Director

Intersect, the sectional title subsidiary of Spire Property Management, has appointed a new Managing Director to oversee the companies continually growing client base...


News from GBCSA

The importance of building materials in sustainable "green" building

The building sector is estimated to consume between 40% and 50% of the world’s energy, and increasingly the global trend is focused on sustainable building practices as these have a really significant impact on containing CO2 levels, which create global warming...


GBCSA call for Technical Working Group

The GBCSA is currently seeking volunteers to participate in the Technical Working Group (TWG) for the development of the fourth Green Star SA rating tool, for Public Buildings...

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CyberProp Property Count: 18/02/2011

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