Property News |
23 September 2011
The biggest news this week for property owners was not the Springboks win over Namibia on Thursday but the decision of the Reserve Bank to leave the repo rate unchanged. This might have been a disappointment for many property owners as most where expecting a rate cut. Could the weak performance of the rand had something to do with the Reserve Banks decision?
It seems that the price of houses are still struggling. Hopefully thats not the reason why Transport Minister Sibusiso Ndebele intends to ask the cabinet to reduce the maximum speed limit to 100 km/h.
Headlines: With some economists foreseeing a possible second dip in the market, South African consumers will welcome the news that the interest rate has not increased this month as predicted earlier this year. Although house prices continue to reflect the strain of a recovering buyers market, demand has increased and consumer confidence has remained fairly steady in the first three quarters of this year. Interest rate remains unchanged at 9%
Market news: Real residential property prices fell by a real (i.e. taking July inflation of 5.3 percent into account) 4.7 percent in August, according to the latest results released by mortgage originator ooba. "August is the fourth consecutive month that we have witnessed an increase in purchase price amongst first time buyers, which is encouraging," says Saul Geffen, CEO of ooba. "With rates still standing at a 30 year low, improved affordability has enabled many first time buyers to take the leap." Home prices still falling
Investing in property 101 is the seventh article in a 12 part series. The question is, Is a home an investment? Dont miss reading this article if you are not sure about the answer.
Property Count: 23/09/2011|
|Interest rate remains unchanged at 9%|
At the conclusion of this month's Monetary Policy Committee meeting, Reserve Bank Governor Gill Marcus has once again announced that the interest rate will remain unchanged at 9%...
|Home prices still falling|
Real residential property prices fell by a real (i.e. taking July inflation of 5.3 percent into account) 4.7 percent in August, according to the latest results released by mortgage originator ooba...
|Debate on intellectual property bill postponed|
The debate in the National Assembly on the Intellectual Property Laws Amendment Bill, scheduled for today, was postponed at the last minute on technical grounds and is now likely to take place late next month...
|'Slums are here to stay'|
Urbanisation is becoming increasingly difficult to manage as municipalities restrict new informal settlements, an urban development expert said on Wednesday...
Talking at Stellenbosch in a series of Investment Advice evenings being organised by Rawson Properties, Tony Clarke, Rawson Group MD, told the 50 people present that history will show that now was a great time to buy into property...
|Investing in property 101|
This is a topic that most people love talking about, especially those that own property that has increased in value over the years...
|'Mind the rents and the rands will take care of themselves|
Current market conditions and the banks strict lending criteria have created a strong demand in the rental market in Fourways, says Dieter Harck, Broker/Owner of RE/MAX One Hundred which operates in the Johannesburg suburb of Fourways and surrounding areas...
|Landlords do not insist on 10% annual increase right now|
Talking recently at the inauguration of Rawson Rentals, a new Rawson Properties franchise division set up to grow and support rental franchises countrywide, Tony Clarke, MD of the Rawson Group, warned landlords that the current dire economic situation has created a scenario in which landlords who insist on the usual 10% annual increases could find themselves losing tenants fast...
|Affordable CT beach homes|
The image of luxury homes backed by mountains and overlooking a sparkling Atlantic Ocean is synonymous with Cape Town...
For Properties |
Search for property in your area
the Area |
The areas we are going to take a closer look at
this week are;
- Atlantic Seaboard
the area 1 - Parkmore|
Parkmore, the residential area to the west of the Sandton CBD, is enjoying substantial rejuvenation thanks to an influx of younger buyers...
the area 2 - Atlantic Seaboard|
Even before the summer season gets under way in Cape Town, the appetite for big-ticket properties on the Atlantic Seaboard has re-emerged...
the area 3 - Burgersfort|
The platinum mining boom in the area around Burgersfort in Limpopo has created some excellent opportunities for buy-to-let investors...
|Local news continue|
|New ombud service key to effectiveness of ST|
Many of those trustees now controlling sectional title bodies corporate may not as yet be aware that significant changes will soon be made to the Sectional Title Act as a result of new amendments that will come into being soon and will affect the management of many communal schemes...
RE/MAX of Southern Africa, which was ranked as the largest real estate brand in the country by Finweek earlier this year, exceeded expectations in both market share and sales turnover, as indicated by the solid group results for the first six months of the year which were celebrated at its Broker/Owner conference held at Spier last month...
|GBCSA Case Study: Existing Building Retrofits|
The GBCSA is proud to announce a last minute addition to an already fantastic programme for our 4th annual Convention and Exhibition being held at the CTICC on the 27th and 28th of October 2011!