Weekly Newsletter
Friday, 29 September
Property Search | Estate Agents | List your property

Edition 39 of 2006, Friday, 29 September, 2006

Dear Reader

Just when Reserve Bank Governor Tito Mboweni said cash heists was one of the issues keeping him awake at night we read on Thursday from the SA Police Services latest annual crime statistics that there was a 74,1% rise in the number of heists during the 2005/2006 financial year. Concern has been raised at the number of crime syndicates targeting shopping malls and other retail outlets. Beware readers!

All in all news wise it was not a very good week for South Africa. The rand is performing weaker against major currencies and according to ABSA they are still expecting the South African Reserve bank to hike interest rates by another 50 basic points in October and with another 50 basic points in December. Nedbank projects another increase at the beginning of 2007.

Despite it all, there are still movement in the property market. We read that;

  • SELLERS in Durban’s residential property market are being too greedy and are trying to sell their properties at unrealistic prices
  • It is a buyers’ market
  • Property prices are not dropping
  • The property market is slowing down
  • It is now the time to buy that first property
  • Residential rentals work out to more or less half the mortgage payments
  • Not to buy property on impulse

Indeed an interesting week.

This week one of our readers takes us to a town at the foot of the Hantam Mountains, one of the country's largest wool-producing areas, Calvinia, Northern Cape, South Africa. Calvinia enjoys almost 80% starlight and the night sky is as much an attraction for city-dwellers and astronomers as the rare sterboom is for botanists and horticulturists - Focus on

Have you ever wondered if the rents you charge for your rental units are in line with the marketplace? Does it take a long time to rent up your property or does it rent in a day? Did you know that basic amenities also drive the rents. Dishwashers, washer/dryer hookups (or a convenient laundry room), off-street parking, and cable TV hookup are some basic examples. Read more in Have Fun

The editor


>> Real Estate News – International Property Buying Guide

Wish you could live on vacation, whether in the heart of Paris or on the beaches of the Caribbean? You can, if you play your real estate cards right.

Buy real estate abroad, and you get more than a charming escape and bragging rights to your villa in the south of France.

"Beyond the obvious status symbol, it is definitely the best way to embrace a culture and enjoy the art-de-vivre of [another] country," says Thierry Journiac, founder of Switzerland-based TerraCognita Estate Solutions...

>> Greedy’ sellers learn it’s a buyers’ market

SELLERS in Durban’s residential property market are being too greedy and are trying to sell their properties at unrealistic prices. Because of this, the percentage of sales taking place below asking price in the greater Durban area is nearly 80%, according to data service provider PropValues.

PropValues is a tool used by estate agents to compile comparative market analyses in order to allow them to set market-related prices...

>> Property off the beaten track

Selected “platteland” properties present investment options for those prepared to bet on capital gains rather than investment income.

A recent look at the residential-property potential of a small Free State town on the N3, disabused me of my ideas about finding bargains in the countryside. But, say experts, there remain pockets on the “platteland” where catch-up price growth is still on the go and where an investor can hope to earn an eventual capital gain...

>> Focus on Calvinia, Northern Cape, South Africa

Founded in 1851 on the Oorlogskloof River and named after religious reformer John Calvin, Calvinia lies at the foot of the Hantam Mountains. Hantam being a Khoi word meaning "where the red bulbs grow". Calvinia is the region’s key growth point and one of the country’s largest wool-producing areas...

View Properties in the Northern Cape

>> Property of the week

Northern Cape, Hanover

Beautiful Victorian style Guesthouse with 3 en-suit bedrooms, office, fireplaces, double garage. 1 Bedroom flat for manager plus outside storeroom. High ceilings, Oregon Pine wooden floors. All this on a corner.

Bedrooms: 3
Bathrooms: 3
Garages: 2

Search for property in your area

Enter City/Suburb:
>> Many homeless as cops destroy illegal shacks

Rose Dlamini was breastfeeding her three-week-old baby when she heard a noise outside her shack. The next moment she was bleeding from her left arm.

Dlamini, 25, had been cut by a corrugated iron sheet falling from the upper floor of a double-storey shack in Zandspruit, near Honeydew, west of Johannesburg, during the demolition of illegal dwellings and unsafe shacks on Wednesday...

>> Cape Town CBD already scoring from World Cup

The continuing boom in Cape Town’s CBD is evidenced by the fact that Seeff CBD area specialist Liza Snijman single-handedly negotiated R12.36m of apartment resales in 5 weeks. Says Ian Slot, MD of Seeff’s City Bowl and Atlantic Seaboard branches: “This is a remarkable achievement for a solo agent working on her own. As recorded in the Residential Property Price Ranger (RPPR), she has now achieved 23% of the market share in the area. Because she is so in demand now, Liza will soon have a partner working with her and her PA. This certainly reflects ongoing and increasing interest in Cape Town and its CBD, which is apparent in sales, resales and rentals.”...

>> News from - iafrica.com

How to avoid property delays
Tue, 26 Sep 2006

The property boom and increased delivery on land reform may be cause for economic celebration, but it has also led to the over-burdening of the systems responsible for the efficient registration of property transfers.

Not only are the increased volumes a factor, but the situation has been compounded by staff shortages, inadequate training and the transition from out-dated manual systems to computerised procedures. RE/MAX of Southern Africa Regional Director, Bruce Swain, acknowledges that, to a large extent, buyers and sellers are powerless to overcome these setbacks, but there are some measures that can be taken to limit delays to property transfers during a sale...

>> Have Fun - How To Set The Right Rent

Have you ever wondered if the rents you charge for your rental units are in line with the marketplace? Does it take a long time to rent up your property or does it rent in a day?

The worry, of course, is if you have more phone calls than you can handle, you may have priced the property too low. If you have no calls, maybe you're units are priced too high.

How do you find the best rates...

>> Software at its best!

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  • Manage property for sale and previously sold
  • Activate or deactivate Internet listings with immediate effect - no waiting!
  • Keep track of your On Show and On Special properties and list them on your website
  • Print and email multiple reports
  • Unlimited number of pictures
  • Keep a history database

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.cyberagent.co.za or email: sales@cyberprop.com

For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Northern Province Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape