Weekly Newsletter
Monday, 19 December, 2005
Property Search | Estate Agents | List your property

Edition 49 of 2005, Monday, 19 December 2005

Dear Reader,

Employment in the formal non-agricultural business sector increased by 99,000 or 1.4% to 7.177 million people between the quarters ended June 2005 and September 2005. This according to statistics released by the September 2005 Quarterly Employment Statistics (QES) survey by Statistics South Africa (Stats SA). The question is, will this help the decline in the property market that we are currently experiencing?

And then..

“I just can’t believe it.”

  • Desperate fuel thieves also stole 2000 litres of diesel worth around R10000 from covered tanks in the harbour parking lot.
  • Beaufort West this week when taxis, trucks and family cars queued for fuel.
  • The loss of “an absolute fortune” by the marine servicing industry, which saw ships sailing past South African ports because of the lack of fuel.
  • “We’ve been quite amazed to see this situation; it seems pretty Mickey Mouse for South Africa; not what you’d expect.”
  • But Minerals and Energy Minister Lindiwe Hendricks said the crisis had resulted from poor planning by the industry, and because oil companies had failed in their paid undertaking to store proper stocks of fuel.

Those readers who is still going on vacation and need more information on alternative routes or the nearest petrol station, call the Automobile Association on 083-843-22 or plan your route with a map of all South Africa’s petrol stations on http://www.efuel.info

With most of our readers currently away for the festive season we thought it best to bring the "holiday" to those that are still at home therefore there was no better place to focus on this week than Hibberdene, Kwazulu Natal, South Africa. Mtwalume (Hibberdene) is a small village situated on the South Coast of Natal approximately 87 kms south of Durban. It is mainly a holiday and pleasure fishing village. The general appearance of the village is that of a rural wooded environment, with many indigenous flora and fauna. The main feature is the Mtwalume River which forms a beautiful lagoon where it enters the sea. (www.places.co.za)

You can still be a winner in 2005! Apply for a bond from Nedbank and stand a chance to win. Click HERE to enter!

Enjoy!
The editor

 

 

>> Real Estate News - What is in store for 2006?

PROPERTY commentators have mixed views on what is in store for SA’s residential property market next year.

While Barak Geffen of Sotheby’s International Realtyand Aida’s Alex Fenwick say there will be good opportunities in the inner cities and in the lower end of the market, property economist Erwin Rode is more cautious about the residential market’s prospects.

>> Estate Agents urged to sell South Africa first

BULGARIA, which has an antiquated deeds system and an unsophisticated property market, is attracting far more English and Irish property investors than SA, which has a first-world deeds system and property market.

So says Scott Picken, MD of International Property Solutions (IPS), which helps people living overseas invest in property in SA with particular focus on South African expatriates and English and Irish investors.

>> Win with Nedbank

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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 start-up 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.
>> FREE Home Value Report

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>> Estate Agents run for cover

As home sales volumes continue to decline, estate agents are running for cover and trying to get under the wings of the big agencies, says Lew Geffen, chairman of Sotheby’s International Realty.

However, adds Geffen, vacancies in these companies are limited, and many agents who decided to “go it alone” during the boom will find themselves out in the cold next year.

>> Focus on Hibberdene, Kwazulu Natal, South Africa

Hibberdene, KwaZulu Natal, South Africa

A small seaside village situated on the south coast of Natal, mainly a holday maker and fishung village. On the banks of the Mtwalume River and Lagoon, with the beautiful Falls higher up.

 

From

View Properties in Kwazulu Natal | View Properties in Hibberdene

>> Property of the week

Kwazulu Natal, Hibberdene

Bedrooms 3
Bathrooms 2
Garages 2.5

Search for property in your area

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>> Have fun - From Drab to Fab

KwaZulu-Natal born and bred David Balkind and his Slovakian partner Palo Patus were living in the trendy Cape Town suburb of Vredehoek when David’s mother decided to move to Franschhoek. When she ran into problems with the builder renovating her home, they stepped in to oversee the project, at the same time taking a look at the winelands as an option for themselves. A change of pace from a city to a country lifestyle seemed an attractive proposition.

>> News - 13 to 27. Indian billionaires just doubled!

MUMBAI: There seems to be a bull run in Indian billionaires, too. Here’s proof: the annual Forbes Asia list of 40 richest Indians says the number of billionaires in the country – those whose net worth is in excess of Rs4,500 crore - has more than doubled in a year, from 13 to 27.

>> Software at its best!

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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