Weekly Newsletter
Friday, 30 March 2007
Property Search | Estate Agents | List your property

Edition 12 of 2007, Friday, 30 March 2007

Dear Reader

South Africa, country of sunshine and “braai”. Who would have thought that a four-bedroom mansion in Sandhust, Sandton priced at +/- R3-million in 1997 will now be selling for R20-million?

Firzt Realty Company, has calculated that a buyer interested in a R5.5-million Sandton home would need a monthly salary of R175960 to pay the R52788 monthly repayments over 20-years. And it is happening;

  • Businessman paid R14.5-million for slain mining magnate Brett Kebble’s Inanda mansion, north of Joburg
  • General manager spent R26-million for his home in Morningside, Extension 40
  • Resident Nicola Gnodde splashed out R17-million for a home in Woolston Road, Westcliff

"Return on investment for the more up-market properties has slipped as the ratio between price and rental returns widens. Currently, estimates are that returns in the 'conventional' rental market have dropped from 10%, realised at the height of the property boom, to around 4% to 5%”. Gerhard Kotzé, CEO of the ERA South Africa property group. Buy-to-let investors set their sights lower

After all the media hype last year encouraging people to become “FICA compliant”, the storm seems to have died down a little However, the implications of the Financial Intelligence Centre Act (FICA) are ongoing and will be a part of just about any financial transaction that we engage in. FICA regulations are linked closely to SARS. If your tax returns are not up to date, SARS can prevent the deal going through until all obligations in terms of taxation are met. Work closely with your Estate Agent is the advice from Assist2Sell Estate Agency; News from – Assist2Sell Somerset West

The South African Institute of Black Property Practitioners will host its 2007 convention at the Theatre on the Track on 20 April 2007 and invites CyberProp.com subscribers to attend. The primary objective is to look at how the property industry has transformed in the past ten years “We are encouraging the public to attend the convention should they be interested in property development in South Africa” Jacky Cresteil. Read more about your personal invitation under Have Fun

Enjoy!
The editor


Unsubscribe

>> Real Estate News - Sentiment-driven demand is one factor in forming a price bubble

Close to an investment crisis - that's the effect on the property sector of the Public Investment Corp 's (PIC) R2,3bn purchase of listed fund CBS.

The deal will reduce the listed sector's R91bn market capitalisation. Investors to whom the PIC is paying R12/share cash will probably put buying pressure on the remaining listed funds, by seeking to reinvest about R1,5bn.

>> Slashing your bond

With household debt at a high and uncertainty about interest rates looming, homeowners need to learn to save long-term. One way you can start to save some cash is to pay your bond off faster.

With good economic conditions now prevailing in South Africa, most homeowners are seeing their annual earnings increase year-on-year ahead of the current inflation rate...

>> Soaring Cape property prices

Anyone sceptical about Cape Town residential property’s ability to continue to increase in value well ahead of the inflation rate should take a look at the sales figure for February.

According to Bill Rawson, chairperson of Rawson Properties, the latest Residential Property Price Ranger figures show that February turn-over and average sales values were the highest ever...

>> Sellers happy to hold out for their asking price

Joburg’s property market has cooled — but the city’s top suburbs are still attracting buyers willing to splash out more than R10-million for a luxury home.

Estate agents this week said the two interest rate hikes this year have not hamstrung the city’s new super- rich entrepreneurs and corporate executives and that some were splashing out between R10-million and R26-million for prime property...

>> Business as usual for Spire Property Management

Spire Property Management has waved goodbye to Paramount Property Fund, which they put together from scratch and built up to over R3-bn of property assets, following its recent acquisition by Investec’s listed fund, Growthpoint.

“It was sad to say farewell to Paramount, as it has been the prime focus of our attention over the past 5 years”, says Spire’s Managing Director, Bruce Kerswill. “We also had to say goodbye to several of our staff members, who moved across to IPG to continue managing the portfolio...

>> Focus on Somerset West, Western Cape, South Africa

Named after Lord Charles Somerset in 1819, Somerset West has thrived and is now the commercial and residential capital of the Helderberg Basin whilst maintaining its village atmosphere.

Lying on the slopes of the Helderberg, the town is 6km inland from the False Bay coast and the resort towns of Strand and Gordons Bay...

>> View Properties in the Western Cape
>> View Properties in Somerset West

>> Property of the week

Western Cape, Riebeek Kasteel

Bedrooms 4
Bathrooms 4

10% share in development R1.7 million = 10% share. 60% shareholding to 6 investors...

Search for property in your area

Enter City/Suburb:
>> Buy-to-let investors set their sights lower

Buy-to-let property investors are setting their sights on the lower end of the market, driving up demand in residential suburbs that are ripe for refurbishment and new developments.

Gerhard Kotzé, CEO of the ERA South Africa property group, explains:

"Conventional investment ideas with regards to buy-to-let real estate are being turned upside down. The old adage that if you buy expensively, you can sell expensively, no longer applies...

>> Have Fun - SAIBPP 2007 Convention

THE SOUTH AFRICAN INSTITUTE OF BLACK PROPERTY PRACTITIONERS (SAIBPP) ANNOUNCES IT’S REPOSITIONING IN THE PROPERTY INDUSTRY

Property in South Africa is one of the fastest growing sectors in the South African economy with massive developments occurring over the past couple of years.

With this changing environment and the introduction of industry charters, it is fast becoming critical to ensure that black practitioners are represented and play a meaningful role in the mainstream economy

>> News from - Assist2Sell Somerset West

FICA AND IT’S IMPLICATIONS

After all the media hype last year encouraging people to become “FICA compliant”, the storm seems to have died down a little However, the implications of the Financial Intelligence Centre Act (FICA) are ongoing and will be a part of just about any financial transaction that we engage in...

>> Press release - First ever woman CEO appointed to major city law firm in Cape Town

Herold Gie Attorneys, established in 1894 and one of the Cape Town’s most respected law firms, has appointed top property attorney Linda Jordaan as its CEO, successor to Richard Moffat, with effect from March 2007...

>> Two months to go to the largest worldwide real estate exhibition - SIMA07.

The ninth edition of the Madrid Real Estate Exhibition, taking place from 29 May to 2 June, will cover a total of 100 000 square meters. SIMA’s International content will be distributed in two areas: SIMA’s Hall I (International Institutional and Investment Pavilion, and SIMA’s Inmotur (International Holiday Homes Pavilion), an area devoted to second homes in foreign countries where hundreds of property and property related exhibitors from more than 20 markets will participate...

>> Software at its best!

Cell Phone enquiries from the public

Buyers driving past your advertising boards will be able to see an unique Internet Number allocated to the specific property. They will then SMS that number to 35476 and will receive an SMS back with all the details of the property. At the same time the agent / agency will also be informed of a potential buyer. How's that for technology working for you! The cost - mahala! Free to all CyberAgent subscribers.

Here's a diagram on the way this process will work...

  1. Agent captures the details of the property and pictures into CyberAgent
  2. Agent updates the property to the Internet
  3. The Internet server sends back a unique number for that property
  4. Agent puts up his "For Sale" board together with our SMS board
  5. Potential buyer sees the "SMS" board and SMS's the unique number to the Internet server
  6. The Internet server sends back an SMS with all the property details and a link to the website where he/she can view pictures on the propert

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


Unsubscribe