Weekly Property News
23 March 2012

Dear Reader

And now? Just over a million customers have been approved to receive free basic electricity by Eskom. The Energy Department briefed the portfolio committee on energy in Parliament on Wednesday. The Energy Department’s Thabang Audat says the national average of customers collecting free basic electricity tokens is currently at 76 percent. Indigent households are given 50 kilowatt hours per month of free electricity and the department’s studies show that this is sufficient. Audat says attention must focus on extending free basic electricity to more poor households rather than increasing the free amount of 50 kilowatt hours per month. Eskom has been struggling to raise the money it needs to build power plants as soon as possible in an attempt to avoid load-shedding as in 2008; iAfrica.

Headlines: Adequate housing is a key requirement for a sense of dignity, Western Cape premier Helen Zille said on Monday. "One cannot live a life one values if your shelter leaks when it rains, is vulnerable to structural collapse or is not safe or secure," she said in a speech prepared for delivery at a Western Cape youth in human settlements summit. Housing brings dignity - Zille.

Market news: An INCREASE in vacancy levels across most property portfolios was a significant driver of lower income growth over the past two years, says Paul Duncan, Catalyst Fund Managers’ investment manager.Duncan says consensus appears to be that the "rate of increase in vacancy levels has declined and in some nodes has even troughed". New demand for property space remains subdued.

Of specific interest this week may be the course on greening commercial interiors which is new and very exciting. This is taking place in Johannesburg on 29 March 2012. Inspiring GBCSA Green Building courses - nothing par for the course here.

The editor

In This Issue

Newcastle, KwaZulu-Natal, South Africa
Notes: Large double story home for sale in newcastle. a property with class style and flair.

CyberProp Property Count: 23/03/2012

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Properties for Sale: 128,454
Properties to Rent: 9,975

Local News

Who Will Be Africa's Brazil?

Travel around Africa these days and you'll feel a sense of expectation, a sense that prosperity is just around the corner...

Housing brings dignity - Zille

Adequate housing is a key requirement for a sense of dignity, Western Cape premier Helen Zille said on Monday...

Councils treat property owners as milking cows

Electricity pricing and municipal services model ‘unsustainable at the rate of increase we’ve had over the past 15 years’...

New demand for property space remains subdued

An increase in vacancy levels across most property portfolios was a significant driver of lower income growth over the past two years, says Paul Duncan, Catalyst Fund Managers’ investment manager...

Easy steps to a brighter future

While the South African economy has largely recovered from the tough global downturn, many consumers and homeowners are still struggling with the rising cost of living, says Adrian Goslett, CEO of RE/MAX of Southern Africa...

Potential middle class buyers need assistance from the State

The SA government, says Rob Lawrence, national manager of the bond origination company, Rawson Finance, has not yet really faced the fact that the residential property sector which annually contributes almost 10% to SA’s GDP, has been operating well below “normal healthy” levels for close on four years now – surely, he says, some form of proactive action is now needed to get this sector moving upwards...

Listed property: strong rally in unit prices spurs investors

With property fundamentals relatively stable, it remains an attractive asset class with a growing regular income stream...

Accommodation income up 16.6%

Total income for the accommodation industry increased by 16.6% year on year in January to R1.911 billion according to recent data from Statistics SA...

How to make a successful offer

Many homebuyers believe they should start with a low offer and then “bargain up” towards the sellers’ asking price. But most experienced agents can attest to the fact that too many offers and counteroffers will usually kill the deal...

Joburg gets 62 000 new billing complaints

The City of Joburg's muchvaunted road map to solve the billing crisis, launched in November, has already failed its first deadline of February 28...

Process of auctioneer selection must be transparent

The recent revelations that a national auction house with an established reputation for achieving good results has allegedly been “buying” commissions by paying those involved in selecting the auctioneer and others must – and will – lead to demands that this process should become more transparent, says Lanice Steward, MD of Anne Porter Knight Frank...

The changing face of retail in South Africa - rural retail offering great opportunities

Marc Edwards of Spire talks about some of the parameters around rural retail and catering to the needs of the consumers within these areas...

Reform essential

Rob Whiteley, manager of Rawson Auctions’ Johannesburg franchise, has added his pennyworth of comment to the furore that has been ignited by the revelations that leading auctioneers have made use of ghost bidders...

Check the handover document of projects

How can the buyer purchasing a home from a developer know that the product of which he will take delivery in anything from six to 18 months will be sound and reliable...

'Damage and overcrowding regular problems with bad tenants'
Problems with rented properties often revolve around maintenance issues, and it's important to define the obligations of landlords and tenants at the outset in lease agreements...

Local RE/MAX offices take top honours at international awards

Following a successful national convention held at Sun City, RE/MAX Masters went on to take top honours as the Top International Office for Closed Transactions outside of Northern America and Canada...

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

Newcastle, KwaZulu-Natal, South Africa

Originally known as Post Halt Two on the journey between Port Natal-Durban and the Zuid-Afrikaansche Republiek (Transvaal), the town was referred to as Viljoensdorp by the Boers during their brief occupation in 1899...

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In the Area

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

  • South Coast
  • Montague Gardens
In the area 1 - South Coast

Buyers return to simmering South Coast

After a quiet start to the new year, property sales activity along the South Coast of KwaZulu-Natal has recently picked up sharply, with both local and upcountry buyers streaming in to snap up seaside properties at “bargain” prices...

In the area 2 - Montague Gardens

High yielding investment property for sale in Montague Gardens

An exciting new sectional title retail node has become available in Montague Gardens – offering high yields for investors at the same time as offering massive retail exposure to tenants...

To the editor

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News from Chas Everitt International Property Group

National honours for Cape and West Rand agents

Leading Stellenbosch estate agent Elmarie van Huysteen has just been named by the Chas Everitt International property group as its national top agent in a non-metro area...

Local news continue

Inspiring GBCSA Green Building courses - nothing par for the course here

In response to evident need, coupled with industry demand, the Green Building Council of South Africa - the country’s leading green building authority - are offering two exciting workshops that are an extension of their existing training courses...

A first for SA - parastatal building achieves Green Star SA rating

An agency of the Department of Transport is leading the way for government as the first parastatal in South Africa to achieve a Green Star SA rating for one of its buildings...

GBCSA Member Event - KZN - 3 April 2012

You are invited to a Building Tour: Lincoln on the Lake, Umhlanga Ridge

With 5 certifications, the Umhlanga Ridge area boasts the highest number of Green Star SA rated buildings in the country...

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