Weekly Property News
31 August 2012
FROM THE EDITOR

Dear Reader

As the end of the year fast approaches, many students will soon be graduating and making plans for their future. Those starting new careers and entering a different life stage will want to make the best possible decisions to ensure that their future plans and financial wellbeing is taken care of. Taking the right steps from the beginning will help graduates to build a financial nest egg and assist them in being able to buy the house of their dreams when they decide to do so.

The purchase of a home is often the biggest financial commitment that a person makes - yet it is surprising how many buyers go into such transactions with minimal preparation and without the information that will enable them to negotiate a satisfactory price.

The news that the Consumer Price Index has dropped to a 14 month low - year-on-year figures indicate that it is running at 4,9% - will reinforce pleas from the South African residential marketing and development sector for a further 0,5% drop in the interest rates, says Nancy Todd, the Rawson Property Group's Western Cape Business Development Manager.

South Africa's real gross domestic product at market prices increased by 3.2% in the second quarter of 2012, up from 2.7% in the first quarter, Statistics South Africa (Stats SA).

Government’s investigation into the recent tragedy at Marikana in the North-West, will hopefully answer amongst others, the question as to who fired the first bullet. Irrespective of the answer, the question remains: What did firing that bullet, cost? Indeed, some costs such as the emotional cost – the loss of breadwinners, fathers and husbands to their families - may never be fully comprehended.

Enjoy!
The editor


In This Issue

Stellenbosch, Western Cape, South Africa
House:
6 x Bedrooms, 6 x Bathrooms & 4 x Garages

News

South Africa's GDP Rises By 3.2 Per Cent In Second Quarter

South Africa's real gross domestic product at market prices increased by 3.2% in the second quarter of 2012, up from 2.7% in the first quarter, Statistics South Africa (Stats SA) said...


A further, possibly short term, drop in the interest rate would be beneficial to the South African housing sector

The news that the Consumer Price Index has dropped to a 14 month low - year-on-year figures indicate that it is running at 4,9% - will reinforce pleas from the South African residential marketing and development sector for a further 0,5% drop in the interest rates, says Nancy Todd, the Rawson Property Group's Western Cape Business Development Manager....


Rising building costs strengthen existing home prices

Even a cursory glance at the latest available building statistics shows how the pre-owned sector of the South African property housing market is benefiting from rising building costs...


Get off to a good financial start

As the end of the year fast approaches, many students will soon be graduating and making plans for their future. Those starting new careers and entering a different life stage will want to make the best possible decisions to ensure that their future plans and financial wellbeing is taken care of. Taking the right steps from the beginning will help graduates to build a financial nest egg and assist them in being able to buy the house of their dreams when they decide to do so, says Adrian Goslett, CEO of RE/MAX of Southern Africa...


The Cost of a Bullet to our Economy

Government’s investigation into the recent tragedy at Marikana in the North-West, will hopefully answer amongst others, the question as to who fired the first bullet. Irrespective of the answer, the question remains: What did firing that bullet, cost? Indeed, some costs such as the emotional cost – the loss of breadwinners, fathers and husbands to their families - may never be fully comprehended...


Household growth gradually becoming more troublesome

Increasing concern around household sector financial health.

The Reserve Bank (SARB) today released the figure for total household credit outstanding as at July, and further acceleration in household credit growth in that month should lead to be increasing concern around household sector financial health...


Why the banks are not funding container housing

But Absa would "in principle" consider financing customers.

JOHANNESBURG – Two of South Africa’s big-four banks say while they welcome the introduction of alternative building technologies in the residential sector, they are not yet ready to finance container housing...


Amendment for VAT vendors buying property from non-vendors

VAT amendment for vendors purchasing property from non-vendors

Until recently when a registered VAT vendor bought from a non-vendor, they were not able to make use of their registered status, in as much as they could only claim back the input tax (claimable on second hand goods) to the value of the transfer duty paid, said Lanice Steward, managing director of Anne Porter Knight Frank...


Focus on jobs in ailing platinum industry

THE Rolling Stones captured the disillusion of the 1960s counterculture in their hit song, You Can’t Always Get What You Want. It was released in 1969 after the initial wave of 1960s optimism had surged to anger and disenchantment. The song suggests that we should strive to get what we need, since we’re bound to fall short in getting what we want...


Prime Property in world's key cities sees strongest growth since 2010

Prime property in world's key cities sees strongest growth since 2010

Results for Q2 2012
" The index rose by 1.4% in the second quarter of 2012, its strongest quarterly price growth since Q4 2010
" Prime prices across the 27 cities monitored increased by 3.5% in the 12 months to June 2012
" European cities saw average prime price growth reach 1.3% in the year to June, an improvement on the -3.4% recorded in the year to March 2012
" Bangkok (up 29%) was the strongest performer in the last 12 months
" The outlook for most prime markets is muted, with price inflation curtailed by protectionist measures in Asia and the Eurozone crisis...


The worst cities on Earth

An independent research group says Zimbabwe's capital is the world's fourth-worst city to live in, based on daily hardships and political risk. Cities in war zones are excluded from the "livability" index...


Buyers need 'ammunition' to negotiate a good house price

The purchase of a home is often the biggest financial commitment that a person makes - yet it is surprising how many buyers go into such transactions with minimal preparation and without the information that will enable them to negotiate a satisfactory price, says Tony Clarke, Managing Director of the Rawson Property Group...


Buying agents in SA

How do buying agents fit in in the South African property market?

Estate agents in South Africa, although mandated by the seller to obtain the maximum price for a property also act for the buyer, said Lanice Steward, managing director of Anne Porter Knight Frank...


Property pricing remains crucial

IProperty pricing remains crucial for sale success

In today's competitive market, correct pricing and marketing strategy are the two catalysts to a property being sold in a shorter time frame, says Graham Gavin, Broker/Owner of RE/MAX Premier, whose office in situated in Cape Town's popular Southern Suburb of Claremont...


2012 C&CI architectural masterclass to focus on 'A piece of the city'

The Cement & Concrete Institute's 2012 International Masterclass lectures for architects will be held in Cape Town on September 17 and 18...


Nedbank supports urban renewal, Philippi Plaza

The community of Philippi in the southern suburbs of Cape Town will soon enjoy access to its own conveniently located shopping centre as a result of the recent approval of a R70 million loan facility by Nedbank Corporate Property Finance: Cape...


Rates Clearance Certificates

Less hassle with rates clearance certificates?

Ask anyone who has ever done it; buying a home comes with a lot of paperwork. There are a number of important documents to prepare - from obtaining a home loan to certifying the building's plumbing and electrical and, importantly getting a Rates Clearance Certificate. A seller cannot sell their property legally without such a certificate. Obtaining such a certificate has been problematic due to financial end of the year billing, and other, issues at respective Municipalities across the country....


Prepare for show days

With summer on its way, and possibly busier show days, now is the time to prepare your home properly, making sure that the security of your home is up to scratch, that the overall appearance is good and that any maintenance needed is done before putting it on show, said Lanice Steward, managing director of Anne Porter Knight Frank...

Focus On

Stellenbosch, Western Cape, South Africa

The second oldest town in South Africa, founded by Simon van der Stel in 1679 and renowned for its Cape Dutch buildings, university and wines, Stellenbosch lies in a fertile valley surrounded by vineyards, orchards and mountains.

It is an academic and farming community and one of the best preserved towns in South Africa. Stellenbosch is affectionately known as "Eikestad" - town of oaks...

>> Properties in Stellenbosch
>> Properties in Western Cape


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6. Free State
7. North West
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Enter City/Suburb:

In the Area

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

  • Harfield
  • Cape Town
  • Cullinan
  • Atlantic Seaboard
In the area 1 - Harfield

Stock now available and very affordable in Harfield Village

After an absolute dearth of stock in the greater Harfield area for a long time, Anne Porter Knight Frank agents Jenny Zinn and Brandon Challis, the agents for this area, report that they have signed five sole mandates in five weeks...


In the area 2 - CT attracts most repeat buys

The Western Cape continues to outperform the other eight provinces in SA in terms of its ability to attract repeat home buyers from other provinces‚ according to the latest FNB Home Loans Property Barometer findings‚ announced on Wednesday...



In the area 3 - Cullinan holdings offer good value

Lifestyle and agricultural holdings around Cullinan and Rayton are attracting buyers thanks to competitive prices.

Joop Coetzee, owner of the RealNet Plotte & Plase Noord franchise, says holdings of about 8,5ha with a home sell at prices from R1,7m, while larger holdings of 40ha with a home sell at prices from as little as R2,6m...


In the area 4 - SA buyers brave the winter to snap up Atlantic Seaboard trophies

Freezing weather has not been the usual off-season deterrent to property sales in Cape Town this winter, as evidenced by a flurry of sales just concluded in Camps Bay by Sotheby's International Realty...


To the editor

Share your comments with us by sending it to news@cyberprop.com


Local news continue

Get an early start on safety for your new baby

Babies don't stay small for long, and proud new parents need to baby-proof their homes well in advance of their children starting to crawl and walk...


Government embraces ABT solutions

State is turning to ABT for solutions to housing delivery problems

"Critical backlogs and inferior workmanship in public sector housing and school construction programmes is prompting all levels of Government - central, provincial and local - to increasingly seek solutions in alternative building technologies (ABT)...


Untrained and unqualified auctioneers to be weeded out - Rawson

Proposed auctioneers’ code of conduct welcomed.

JOHANNESBURG – A proposed code of conduct for the auction industry has been widely welcomed by practising auctioneers saying new entry requirements will help regulate and stabilise the industry...


View obstruction: another case comes to the high court

Following up on his recent critical comment on a High Court case in which a client's sea view was obscured by a follow-up project by the same developer who had sold him his unit, Tony Clarke, Managing Director of the Rawson Property Group, has drawn attention to yet another, more recent, case in which a sea view has again been affected, this time by a home owner building a full 9,5 m above the local height restrictions...


Why follow the career path of an estate agent after school?

Real estate plays a major role in our lives as it is not only an investment and an asset, it is also essential to have a place to live in. It's very seldom that matriculants choose to become an estate agent or sales advisor. There is also a misconception of the real estate business in general, and just how lucrative it can before a rookie agent. There fore we strongly recommend that before deciding on your career, look at what your ultimate expectations are. Once you have made the decision to enter the real estate sales profession, contact a reputable firm in close proximity to your home, as this will play a major role in your early success...


Tips from Rawson Rentals to landlords: invest in your property, give something extra and make sure you have a top-class agent

With over 180 franchises, the Rawson Property Group's 88 rental franchises, now active throughout South Africa, face a major challenge - to increase the stock they handle and manage in line with their management's growth expectations. This was said recently by Wayne Albutt, National Manager of the fast growing Rawson Rentals franchise division...


Collaborative Consumption - one of the top ten ideas that will change the world

Sharing is caring. Although a phrase much favoured by Barney the dinosaur, it is now one that is taking the world by storm through a new movement called Collaborative Consumption...


Be a part of the Global Green Building Trends Survey

The GBCSA, in association with the WorldGBC, is pleased to be partnering with McGraw-Hill on a new global green survey, and we encourage you to participate. The survey will offer key insights on construction activity around the world by examining important trends affecting and transforming the construction industry on a global, regional and national level...


CyberProp Property Count: 31/08/2012

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"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."