Weekly Property News
25 March 2011


Dear Reader

After a three day meeting of the MPC (Monetary Policy Committee) Gill Marcus, South Africa Reserve Bank governor, announced that the repo rate will stay unchanged. This is hugely welcomed by consumers and home owners as the repo rate will stay at 9%. According to a Bloomberg poll 23 economist where asked what they expected of which all of them expected the SARB to keep the repo rate on hold.

There was however a clear warning that there were significant risks that could lead to an increase in inflation with the result that it could lead to a repo rate increase later on.

The question on the lips of home owners is whether they should fix the interest rate on their home loans especially where there is a forecast that soon we will be paying close to R 10 per liter for fuel. Let us know of your viewpoint by sending it to news@cyberprop.com.

Headlines: To fix or not to fix; that is the question. The next move in interest rates (and the one after that as well as the one after that and so on and so forth) is up. We're at the bottom of the cycle and it's going to be a very long time before interest rates will again approach the record lows they're currently at. So, if it's a dead certainty that rates are on their way up then surely fixing your rate is a no-brainer, right? Wrong! Don't fix your rate!

Market news: The past couple of years had everyone running scared when it came to buying and selling property, but the good news is that real estate in South Africa is strengthening right across the board. This has put property rentals back on the map in a big way, while real estate sales are picking up, which is bound to have an impact on the rental market once more. SA property market on the rebound

The editor

In This Issue
Featured Property

Mpumalanga, Waterval Boven
Game and Trout Farm

Fully stocked game and trout farm in the immediate vicinity of Elands Krans...

Local News

Don't fix your rate!

To fix or not to fix; that is the question.

The next move in interest rates (and the one after that as well as the one after that and so on and so forth) is up...

Keep interest rates low - Dr Andrew Golding

Today's decision by the Monetary Policy Committee to keep the repo rate unchanged was widely anticipated and welcome, particularly against a backdrop of rising oil and food prices coupled with increasing electricity tariffs...

SA property market on the rebound

The past couple of years had everyone running scared when it came to buying and selling property, but the good news is that real estate in South Africa is strengthening right across the board...

Good fundamentals for new residential homebuyers

While residential property prices continued to decline in February 2011, following the sharp recovery in the first half of last year, according to ooba - South Africa's leading bond originator - this does present a good buying opportunity for new homebuyers...

February year on year figures show house prices have stabilised

The latest figures from PropStats, the Western Cape Institute of Estate Agents’ statistical service, show that the long-awaited upsurge in residential property prices has yet to occur – but it appears that prices are now stable and a recovery will probably be led by the sectional title sector...

SA semigrating to W Cape

The Western Cape was the only province to have more property buyers than sellers in 2010, suggesting good economic growth, according to the FNB Inter-provincial Home Buyer Migration Monitor released on Thursday...

Banks should compete for bond customers and get rid of PIPs

Bank bashing, says Tony Clarke, MD of Rawson Properties, has become a favourite pastime among estate agents, all too frustrated by their inability to get mortgage loans for their clients...

Are you paying the right price for your property?

How does a homebuyer know if he is offering the right price for the property in which he is interested?

High hopes for hemp house

South Africa's building industry has taken another step forward. High up on a hill overlooking the sea in Noordhoek, Western Cape, stands the House that Hemp Built...

Warm your heart with energy-saving fireplaces

It might not feel like winter’s on the way just yet, but the next electricity hike to be implemented by Eskom will undoubtedly give most homeowners a chill, so it’s definitely not too soon to think about putting in an energy-efficient fireplace for the cold months to come...

Change in transfer duty rates

The transfer duty consequences which faced an investor in fixed property prior to the Budget Speech was that companies, close corporations and trusts [hereinafter also referred to as a "legal entity"] which acquired property and which are not subject to Value Added Tax ("VAT")...

The benefit of using a specialised rental agent

With rentals gaining popularity, it is becoming more and more important for buy-to-let investors to vet their tenants properly. “Choosing the wrong tenant who either defaults on monthly payments or destroys your valuable property is a nightmare that can be easily avoided...

Unscrupulous estate agents beware

The Consumer Protection Act (CPA) becomes effective on April 1 2011, and those who are affected, especially suppliers, have been urged to familiarise themselves with the legislation, or face stiff penalties...

Focus On

Waterval Boven, Mpumalanga, South Africa

Waterval Boven is the perfect setting for the weekend break, extended holiday or ideally situated stop over between Johannesburg and Nelspruit or Kruger Park...

>> Properties in Waterval Boven
>> Properties in Mpumalanga

Search For Properties

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5. KwaZulu Natal
6. Free State
7. North West
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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;

  • Hout Bay
  • Burgersfort
In the area 1 - Hout Bay

With the ongoing petrol price hikes, Hout Bay has become the preferred alternative to both the southern and northern suburbs...

In the area 2 - Burgersfort

R250m infrastructure investment pays off in Burgersfort

Demand is running high now for the fully-serviced and build-ready stands in two estates which together form the new residential precinct taking shape to the east of Burgersfort, the small town at the heart of the current mining boom in Limpopo...

To the editor

Blog reply:

Title: South Africa Experiments With Houses Made of Sand

Yeah, the House of sand is one of the oldest estates in South Africa and many of them owned by many years by different families really great. I am looking for some different look for my South Africa house as I am going to shift over there.

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

CyberProp Property Count: 25/03/2011

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