Weekly Newsletter
Friday, 22 June 2007
Property Search | Estate Agents | List your property

Edition 24 of 2007, Friday, 22 June 2007

Dear Reader

The interest rake hike of this month has many new home owners on their knees. South African families must now earn R36 000 per month to afford the average house price as per ABSA's latest house index of R 921 300. And believe me, R 921 300 will not buy you a mansion but only a neat and comfortable home.

The New National Credit Act is forcing financial institutions to turn down home loans. Most banks allow homebuyers to borrow amounts where the monthly mortgage repayment does not exceed 30% of gross household income.

According to the experts the market is for sure going to change to a rental market with rental figures expected to go into the double figures.

Are you selling a property? Seller, this week we focus on you;

  • Selling: Double take
  • Sellers: Mind your language!

Devi Sankaree Govender remembers the precise moment she and husband Perumal Moodley knew a move was imperative. My first house

"As land becomes increasingly scarce and expensive in the SA residential property market, two notable trends have emerged: Subdivision of large stands to accommodate two or three homes where there was one, and the demolition and replacement of old homes in sought-after areas", News from The Nationlink Property Group

Unfortunately it is not possible for us to place all the articles that we have received during the week. Visit our CyberProp.com Blog for more articles.

Enjoy!
The editor


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>> Real Estate News - Home buyers blocked

New National Credit Act is forcing banks to turn down loans. Home buyers are finding it harder to get loans approved due to stricter requirements under the new National Credit Act.

Absa Bank, the largest retail bank in South Africa, admitted that it had to turn down more home loan applications since the law came into effect on June 1...

>> Curb rocketing house prices, say ANC members

ANC members, through responses to the policy conference documents, want the state to intervene to bring down spiralling property prices. This was revealed on Monday by Public Works Minister Thoko Didiza, speaking to reporters in her capacity as chairperson of the ANC's social transformation committee.

The issue is going to be one of the contentious debates at next week's ANC's policy conference - a preparatory forum to discuss policies for adoption or rejection by the national conference in December...

>> Selling: Double take

Many agents won't explain the vital details in important legal documents to a seller, which is often detrimental and could even end in disaster.

Agents will often almost shockingly "do almost anything to avoid explaining legal documents to their clients", says Lanice Steward, MD of Anne Porter Knight Frank...

>> Sellers: Mind your language!

Many jokes do the rounds about what the jargon in real estate advertising really means. But a Canadian study has now shown that the choice of words in an ad really does influence selling price as well as the time it takes to sell a property.

Quoted in the Chas Everitt International newsletter Property Signposts, the research was conducted by Professor Paul Anglin of the University of Guelph in Ontario, who studied the response to about 20 000 listings over a period of three years...

>> Focus on Empangeni, KwaZulu Natal, South Africa

In 1851, the Norwegian Missionary Society established a station on the banks of the Mpangeni River. The river was named after the profusion of Mpange trees growing along its banks, and the settlement that formed around the station took the slightly Anglicised name of the river.

>> View Properties in KwaZulu Natal
>> View Properties in Empangeni

>> Property of the week

KwaZulu Natal, Empangeni

Bedrooms 3
Bathrooms 3
Garages 2

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>> My First House - Devi’s sanctuary, Devi Sankaree Govender

Words: Anne Schauffer Photography: Andrew Bannister

Devi Sankaree Govender remembers the precise moment she and husband Perumal Moodley knew a move was imperative. ‘We were just coping in my tiny one-bedroom flat in Morningside,’ says Devi. ‘I was juggling the roles of features editor of the Sunday Times, a daily talk show on Lotus FM, presenting Eastern Mosaic and, yes, my pregnancy as well, when there was a knock at the door. The textbooks for our MBAs had arrived. Two heaps of them. Our little fold-up dining-room table couldn’t cope. It was time.’

>> News from - Nationlink

Demolition takes careful planning

As land becomes increasingly scarce and expensive in the SA residential property market, two notable trends have emerged: Subdivision of large stands to accommodate two or three homes where there was one, and the demolition and replacement of old homes in sought-after areas.

Subdivision is clearly evident in established suburbs such as Bryanston, Constantia and Waterkloof, where very large stands were prevalent, while complete rebuilds are noticeable in areas such as Camps Bay and Llandudno, Houghton and Brooklyn in Pretoria.

>> From the CyberProp Blog

Add method to the madness with these packing tips. You can make packing your things a lot easier with these simple techniques:

Use the proper packing materials. It will pay off in the long run! Sturdy boxes, packing tape, bubble wrap can all be purchased at local moving or shipping companies. Wardrobe boxes and other speciality boxes can be found there too. Sturdy boxes can also be retrieved from wholesale companies, at no charge, after a shipment. Other great types of reasonably priced padding for your boxes include wadded-up newspaper, old pillows and blankets...

>> Amendment bills shock for landowners and environmentalists

Environmentalists are gravely concerned about proposed legislative amendments before Parliament – by two government departments - they say will take away any control of landowners over their own land and also deny the public any participation in environmental impact assessments (EIAs).

If a key element in proposed amendments to legislation is accepted, hugely positive environmental gains made since the advent of democracy in 1994 could be reversed, the Botanical Society of SA has warned, and result in an effective blanket exemption from environmental authorisation being published for public comment...

>> Software at its best!

We are constantly look for avenues to advertise the properties of our CyberAgent users and will continue doing just that. Our newest avenue, www.funnel.co.za, one of South Africa's top search engines.

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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