Weekly Property News
27 May 2011

Dear Reader

"We are in a Catch 22 situation." This according to Dipuo Peters, Minister of Energy.  However she was confident that there would not be any load shedding during the winter months. South Africans right over the country has experienced a temperature drop right into the single and minus numbers this week.

Meanwhile Johannesburg residents was made aware of a load shedding schedule that was published on the city’s website. “People should be disciplined, they should be energy conscious," said Johannesburg's City Power spokesperson Louis Pieterse. "Basically we update the schedule every year... but that does not imply that updating means load shedding," he said. Read more in Save power, SA told

Headlines: It's clear that cyber-crooks spamming messages are trying to grab payment card details for executing fake online purchases. This said by Kalyani Pillay, CEO of SABRIC, from the phishing incidence reports received by them. A few scammers are even attacking small enterprise clients like those of real-estate companies A few scammers are even attacking small enterprise clients like those of real-estate companies. Phishing Attacks Escalate in South Africa

Market news: The latest statistics from the oobarometer price index showed a year-on-year decline in the average purchase price of 6.5 percent (10.7 percent when taking inflation of 4.2 percent into account) to R823 483 in April 2011 from R881 044 a year earlier. The average purchase price by a first time buyer fell by a more moderate 0.2 percent year-on-year to R625 252. According to Saul Geffen, CEO of ooba, the decline in April points to a further period of declining house prices on the back of the strong growth experienced in the first half of last year. Falling like a brick

The editor

In This Issue
Featured Property

Gauteng, Magaliesgburg

4Ha Ground with strong water. Very big Main house + 2x cottages. 4x Horse stables. Training arena. Big palm trees...

CyberProp Property Count: 27/05/2011

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Properties for Sale: 141,970
Properties to Rent: 10,075

Local News

Phishing Attacks Escalate in South Africa

Marketing Director Cordell Brewer for TouchBasePro an e-mail marketing company, pointing out SABRIC's (South African Banking Risk Information Center) alert expresses concern of a rise in phishing attacks targeting local Internet operators...

Falling like a brick

The latest statistics from the oobarometer price index showed a year-on-year decline in the average purchase price of 6.5 percent (10.7 percent when taking inflation of 4.2 percent into account) to R823 483 in April 2011 from R881 044 a year earlier...

Demand outstrips supply for lower-to-mid priced rentals

The first quarter of 2011 saw a 25% increase in volume of transactions concluded for rentals in the Cape Town Metropolitan Area, with demand for lower-to-mid priced (R5,000 - R10,000) rentals outstripping supply...

Banks approve more home loans: ooba

Banks declined fewer home loans in April 2011 compared to the same month in 2010, a bond originator said on Monday...

Save power, SA told

Continued discipline with electricity use could stave off the re-introduction of rostered power black outs, metros and Eskom said as cold winds and snow dragged temperatures right down on Thursday...

How to get past 'buyers block'

If you’re a homebuyer who has been pre-qualified for a home loan, spent weeks visiting show houses, been given a truckload of good buying advice and still can’t bring yourself to sign an offer, you may have what agents call “buyer’s block”...

Don't get bitten by holding costs

The average time that a home remains on the market before being sold is now around 4,5 months, but sellers in parts of Pretoria can cut that time significantly by making sure their home is priced right – and save themselves a bundle in holding costs at the same time...

RE/MAX ideally placed to handle distressed sales

To date 450 RE/MAX of Southern Africa agents have qualified as Distressed Property Experts which means that they are ideally placed to assist distressed homeowners, says Peter Gilmour, Chairman of RE/MAX of Southern Africa...

How to choose the most effective agent

Homeowners often award the mandates to market their properties far too casually, to the agent that appears the friendliest to them, or perhaps the one with the “most honest” face...

Do you have the stomach to be a landlord?

With so many people unable to afford to buy their own homes, there remains a big market for rentals in South Africa...

Advice for debtors in arrears on levy payments

Propell, the ten year old national sectional title levy funding and collection company, is now involved with some 16 000 units countrywide.

Relevant documents must reach members prior to AGM

It is no secret that quite frequently trustees of sectional title schemes fail to comply with certain of the rulings set out in the Prescribed Management Rules – and one of the most frequent omissions...

Focus On

Magaliesburg, Gauteng, South Africa

Situated on the border of Gauteng and North West, flanked by the Magaliesberg Mountain Range, a stunningly beautiful arena of coniferous forests, crisp streams and rolling hills. This tourism office will help you organise your getaway...

>> Properties in Gauteng
>> Properties in Magaliesburg

Search For Properties

1. Western Cape
2. Garden Route
3. Northern Cape
4. Eastern Cape
5. KwaZulu Natal
6. Free State
7. North West
8. Gauteng
9. Mpumalanga
10. Limpopo

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Enter City/Suburb:

In the Area

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

  • Helderberg
  • Sandton
  • Emalahleni
In the area 1 - Helderberg

Helderberg market heats up as buyers find value for money

Buyers seeking value-for-money homes are fuelling a strong sales revival in the Helderberg area of the Western Cape.

In the area 2 - Sandton

Seeff Sandton Projects launch a wide variety of new developments

Seeff Sandton has five new developments on their books: Aquila Estate in Rivonia, Fairview in Midrand, Campbell Close in Waverley, Woodlands gardens in Fourways, and Wagenbietjieshoek in Mpumalanga...

In the area 3 - Emalahleni

As the “coal capital” of South Africa, the city of Emalahleni in Mpumalanga currently has the hottest property market in the country...

To the editor

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Local News Continue

Whales, wine and art on the doorstep

If you’ve been dreaming of a cottage by the sea, the Whale Coast may be just the place to start looking...

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