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Weekly Property News
Friday, 25 June, 2010 |
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FROM THE EDITOR |
Dear Reader
Although its over for Bafana Bafana the World Cup stay
spoken about and supported by many South Africans. Furthermore
it has raised South Africans' expectations of what the country
can achieve in the future.
One lessons the World Cup offers on the stock market is
that you must watch your margin of safety. The same with real
estate. Turnarounds happens all the time and almost anything
can happen. 7 Lessons the World Cup offers on the stock
market.
Headlines: Is the property sector benefitting from
the influx of the World Cup visitors? I suppose its
one of those things that is not easy to counter for as the
effect might only show in years to come. One thing we can
say is that South Africa did an excellent job in showcasing
the property industry.
- Is the World Cup benefitting the South African property
sector - Rawson Properties
- Keep SA tourism showpiece pristine - Harcourts
- WC tourists home hunting Pam Golding
Properties
- Advice to foreigners buying property in SA
- Anne Porter Knight Frank
Market news: Liam Bailey says property investment
still looks strong. "CGT was the main story, as the proposed
increase was heavily trailed in advance. In reality the rise
to 28% for high-rate tax payers is a non-issue for the housing
market. "The rise is coming into play overnight - so
there will be no sudden sell-off of second homes or investment
properties. The new rate takes us back to a similar rate to
where we were under the pre-2008 rules, when taper relief
was able to reduce a 40% headline rate of CGT to 24%. "With
higher-rate CGT at 28% the argument for property investment
still looks strong, and capital gains still compare very favourably
with income tax at 40%. What does the emergency budget
mean for the housing market?
Enjoy!
The editor
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In
This Issue |
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Featured
Property |
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Limpopo,
Ellisras, Waterkloof
Double volume entrance hall, through the spacious,
interlinking entertainment rooms, under cover patio, office
size study... |
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CyberProp
Property Count: 25/06/2010 |
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Local
News |
| 7
Lessons the World Cup Offers on the Stock Market |
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You can learn a lot from watching the World Cupand
not just about soccer. As I've tuned into the
games I've started to realize how many ways it's
just like the stock marketand how it can
actually teach you a useful thing or two about
making money...
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| Keep
SA tourism showpiece pristine |
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Preliminary figures indicate that the South African
tourism industry can expect a huge fillip from
the Soccer World Cup provided that new
development is done with an eye on the environment...
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| WC
tourists home hunting |
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With South Africans wholeheartedly in the grip
of World Cup Soccer fever, some of the international
visitors to our shores are taking time out to
view some of the prime-located residential properties
on offer and already Pam Golding Properties (PGP)
reports a number of enquiries mainly in the coastal
areas...
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| Advice
to foreigners buying property in SA |
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With Cape Town suddenly taking on a truly international
look as a result of the influx of World Cup visitors,
Lanice Steward, MD of Anne Porter Knight Frank,
the 27 year old estate agency, is using her various
media channels to tell those from other countries
that South Africa is one of the easiest countries
in the world in which to buy a residential property....
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| Property
the cornerstone of wealth |
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Talking recently to a group of prospective property
investors, Jason Lee, Rawson Auctions legal
and corporate advisor and the author of two best
selling property books, said that at an early
stage in his career he had become aware that what
set the wealthy apart from the less affluent was
that they had a lively interest in property and
made it the cornerstone of their investment portfolios...
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| Billionaire
property owners' tactics |
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A recent study undertaken in the USA has shown
that the 700 top property owners in that country
(all of whom are property millionaires measured
in dollars but billionaires in rand terms) make
good use of the planning, research and comparative
market analysis facilities now provided by the
better agents and on the Internet...
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| The
right time to buy or sell |
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Those who are inexperienced in property matters
often approach her organisation for market
advice, says Lanice Steward, MD or Anne
Porter Knight Frank, the Claremont, Cape Town,
headquartered estate agency which in the last
year has branched out to cover much of the Atlantic
Seaboard...
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| Homes
on the edge |
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Rising running costs are putting homes at risk.
As retirement incomes fail to match up, pensioners
are desperately seeking ways of keeping their
heads and homes above water...
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| Will
rentals bounce back? |
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Peter Gilmour, chairman of RE/MAX of Southern
Africa, says that the rental market is currently
in a major slump and that there are no signs of
any quick turnaround in the near future...
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| Any
season of the year can be good |
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If you are thinking of selling your home, it
will interest you to know that demand does tend
to vary from month to month and from season to
season, says Mike Greeff, Chief Executive of Greeff
Properties, but this, he adds, should not deter
anybody from marketing their home as and when
it suits them...
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| Aida
goes to the movies |
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The Aida real estate franchise group has clinched
several deals that will soon see its iconic name
in lights on the big and small screen...
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Focus
On |
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Search
For Properties |
Search for property in your area
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In
the Area |
The areas we are going to take a closer look at this
week are;
- Ellisras
- Witbank
- Allandale (Midrand)
- Hatfield (Pretoria)
| In
the area 1 - Ellisras |
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Eskom loan lifts Ellisras property market
News of Eskoms approved World Bank loan
has given the property market in Ellisras, home
of the Medupi power station, a shot in the arm...
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| In
the Area 2 - Witbank |
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First-time buyers active in Witbank property
market
Low interest rates and relatively high rentals
are prompting first-time buyers in Witbank to
take the plunge and invest in their own homes...
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In the Area 3 - Allandale (Midrand)
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Allandale offramp upgrade: boon for Midrand
area and business
The development by Dis-Chem of a massive 29000sqm
distribution centre at a key juncture just off
the R101 in Midrand is indicative of the ongoing
growth and popularity of this area among the business
and industrial sector...
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In the Area 4 - Hatfield (Pretoria)
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Hatfied urban renewal gets another boost
The face of Pretorias Hatfield node, once
at risk of urban degeneration, is changing forever
as Premium Properties Limited announces the second
phase of The Fields mixed-use precinct...
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To
the editor |
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Blog replies:
Re: INVESTORS COMING BACK INTO THE RESIDENTIAL
PROPERTY
From: Mike
Residential property has been out performing
stock markets in the long-term. It is a primary
need and given the massive housing shortage, there
is higher market returns achievable in the long-term.
Re: SOHCO TO GO AHEAD WITH A SECOND SOCIAL
HOUSING DEVELOPMENT AT EAST LONDON
From: NCA
A novel and great development...However, Please
explain how R1050 rental per month is allowable
for a person earning R2500? That is 42% of the
person's income. The national credit act stipulates
that someone cannot have financial commitments
if payments are to constitute more than 30 % of
a person's income. Are the developers hoping that
the matjority of their tennants earn R7500 or
more? R2250 per month is exactly 30% of R7500
J
>>
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News
from The Green Building Council |
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Green Star SA Project Certification Workshop
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Venue: The Venue, Melrose Arch,
Jhb
Date: Wednesday 28 July 2010
Cost:
(GBCSA member): R 750 excl. VAT
(GBCSA non-member): R 1250 excl. VAT
Time: Registration 13h30, Course 14h00-17h00
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