Weekly Property News
Friday, 25 June, 2010

Dear Reader

Although it’s 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 it’s 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?

The editor

In This Issue
Featured Property
Limpopo, Ellisras, Waterkloof
Double volume entrance hall, through the spacious, interlinking entertainment rooms, under cover patio, office size study...

CyberProp Property Count: 25/06/2010

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Properties for Sale: 137,147
Properties to Rent: 10,093

Local News

7 Lessons the World Cup Offers on the Stock Market

You can learn a lot from watching the World Cup–and 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 market–and how it can actually teach you a useful thing or two about making money...

Is the World Cup benefitting the South African property sector

Are there any signs that the South African property sector will benefit from the influx of World Cup visitors?

“I have to admit that to date I have seen very little evidence of this,” said Tony Clarke, MD of Rawson Properties...

Keep SA tourism showpiece pristine

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...

WC tourists home hunting

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...

Advice to foreigners buying property in SA

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....

What does the emergency budget mean for the housing market?

"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...

Property the cornerstone of wealth

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...

Billionaire property owners' tactics

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...

The right time to buy or sell

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...

Waste no time on over-priced homes

Haggling with a seller to accept a market-related offer for his over-priced house is just a waste of time...

Homes on the edge

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...

Will rentals bounce back?

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...

Any season of the year can be good

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...

Aida goes to the movies

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...

Focus On

Lephalale (Ellisras), Limpopo, South Africa

West of the Mogol River in the distinctive bushveld landscape of the foothill of the Waterberg Range lies the tranquil town of Lephalale. Laid out on the farm Waterkloof in 1960, the town is well-known for its coal mining industry and for Matimba, the largest dry-cooled power station...

>> Property in Lephalale(Ellisras)
>> Property in Limpopo

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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

Eskom loan lifts Ellisras property market

News of Eskom’s approved World Bank loan has given the property market in Ellisras, home of the Medupi power station, a shot in the arm...

In the Area 2 - Witbank

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...

In the Area 3 - Allandale (Midrand)

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...

In the Area 4 - Hatfield (Pretoria)

Hatfied urban renewal gets another boost

The face of Pretoria’s 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...

To the editor

Blog replies:

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.

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

Green Star SA Project Certification Workshop

Venue: The Venue, Melrose Arch, Jhb
Date: Wednesday 28 July 2010
(GBCSA member): R 750 excl. VAT
(GBCSA non-member): R 1250 excl. VAT
Time: Registration 13h30, Course 14h00-17h00

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