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Stand price increase this week in Silver Woods Country Estate – act now to secure your stand at R715,000.00

Stand price increase this week in Silver Woods Country Estate – act now to secure your stand at R715,000.00

Stand Price in Silver Woods Coutry Estate to increase due to demand

Act now before it is too late!

All stand prices from the developer in Silver Woods Country Estate will increase to R725,000.00 this week.

If you sign a purchase agreement before Friday 23 August 2013, you will still be able to purchase a stand at the old price of R715,000.00

Fill in the form below to begin the purchasing process.

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    Stand numbers interested in purchasing

    10 reasons why you should buy property

    Property is one of the few investment opportunities that does not necessarily require much money to make money.

    Property offers a secure income stream and capital growth.

    If you wanted to buy shares in a company for example, you would need money upfront whereas with property, you could possibly get a 100 percent bond or a significant portion thereof from the bank or financial institution.

    You ultimately spend other people’s money to make your fortunes provided you heed advice and are smart about what you buy, where you buy and what you buy the property for.

    There is absolutely nothing new that I will share with you in this article that you don’t already know, well, except perhaps the bit about house prices.

    The FNB 2012 House Price Index report last week revealed that investors can expect yields to increase further this year making property an attractive class thanks to low house price growth.

    What this means really is that now is a good time for investors to build on their portfolio and take advantage of buying property in a slow market.

    Read the article here.

    The Absa House Price Index indicates that house price growth is forecast to remain relatively low in 2013 compared with growth of a few years ago.

    The bank says in 2012, prices of middle-segment homes increased by a nominal 0.6 percent, after rising by 1.7 percent in 2011.

    In real terms prices dropped by 5.4 percent in the first 11 months of 2012 with real price deflation of 2.9 percent evident in the corresponding period in 2011.

    Many property experts will tell you that the lower the price you pay for the property, the higher the potential yield, hence the FNB report believes low house prices are good for investors.

    When buying property to rent out, you must consider the yield that property will generate.

    Banks will hardly give you a loan to buy or invest in shares, but they give loans to people wanting to buy property.

    To calculate the yield, divide the net annual rent by the purchase price of the property and multiply by 100 to give you a percentage.

    You can also read the 10 easy steps to save money and Wise words for investing in property.

    Here are 10 reasons why you should buy property:

    1. You can work with other people’s money, so you don’t necessarily need money to make money.

    Yes, you are probably thinking I have lost my marbles, what with stingy banks, but everything that has a price is negotiable, so if you badly want to get into the property market, do your homework – just because your friend did not get a 100 percent bond doesn’t mean you will succumb to the same thing.

    2. Property offers a secure income stream and capital growth. In the case of buy-to-let property, make sure you buy in the right location where there is demand for rental property and get a tenant who can actually pay rent.

    3. You are likely to make mistakes, but you can recover from these.

    For example, your tenant may find himself unemployed and cannot pay rent, which means if you do not have other sources of income you may miss your monthly bond repayment. The bank is not going to take the house away from you, you can recover the next month.

    3. It is easier if you multiply your investment. Once you succeed with your first property purchase, you can either sell and make a good profit or you can go back to the bank, armed with strong financial books and apply for a bond to buy a second or third investment.

    Remember to buy in a slow market and sell in a fast market in order to make money.

    With proper research in place, you can Invest in two or more properties.

    4. The value of your property can increase with the investment. If you renovated the property or gave it a bit of facelift, that will increase its value so that when you sell, you make a good profit from the initial investment.

    5. Unlike shares on the stock exchange, you do not need to monitor your property all the time.

    6. Property is considered to be one of the most secure investments you could ever make – you may not be at a stage where you are a serial property investor, but owning property rather than renting is a step in the right direction.

    7. The value of property does not plummet to the level which shares on the stock exchange may fall.

    8. Banks will hardly give you a loan to buy or invest in shares, but they give loans to people wanting to buy property.

    9. Property is the most tangible and direct way of watching your investment grow.

    10. Remember to buy in a slow market and sell in a fast market in order to make money.

    Between December and January as well as the winter months are good times to be making acquisitions and if you can avoid selling your property during this period.

    Having said that, there is something about bricks and mortar that appeals, I know because I have tried and tested it, pity when I got into the game, I was not as savvy as I am becoming (one learns something new every day). – Denise Mhlanga. Property 24

    Residential Building Statistics – first quarter 2013

    Residential Building Statistics – first quarter 2013

    Strong building activity evident in some categories of new housing across South Africa.

    Building activity in the segment for flats and townhouses showed some strong growth in the first two months of 2013, with low growth evident in the segment for larger houses. In general the planning phase, as depicted by building plans approved for new housing, contracted by a small margin up to February, while the construction phase benefitted from double-digit growth in the categories of houses smaller than 80m² and flats and townhouses.

    The real value of plans approved for new residential buildings was up by R592,3 million, or 14,2% year-on-year (y/y), to R4,76 billion in the first two months of the year. The real value of residential buildings constructed came to R3,38 billion in the same period, which was R524,6 million, or 18,4% y/y, more than a year ago.

    Click here to read the full  report compiled by Jacques du Toit, Property Analyst of ABSA Home Loans

    MPC keeps repo rate unchanged at 5%

    MPC keeps repo rate unchanged at 5%

    Following its monetary police committee’s three-day meeting, the South African Reserve Bank has left the repo rate at 5% for the third time.

    “The MPC has decided to keep the repo rates unchanged at 5% per annum,” Reserve Bank governor Gill Marcus said on Thursday, after the committee’s three-day meeting in Pretoria this week.

    The decision means the prime interest rate for bank lending remains at 8.5%.

    The bank has kept the repo rate at 5% since July last year, when it dropped it by half a percentage point.

    Marcus noted that a possible spike in inflation remained a key concern due to a recent slide in the value of the rand after hitting a four-year low of R9.29 to the dollar earlier in March.

    “The committee will continue to apply monetary policy consistent with its mandate of price stability within a flexible inflation targeting environment,” she added.

    But Marcus said that even though the inflation outlook deteriorated, the MPC expected inflation to remain within its official 3% to 6% target range at an average of 5.9% in 2013.

    No change expected
    Marcus also warned the country’s growth prospects remained subdued and projected gross domestic product (GDP) would grow by only 2.7% this year and 3.7% in 2014.

    She also noted that South Africa’s economy was still performing below its potential.

    “I don’t think anyone was expecting a change in interest rates and rightfully so,” said Chris Hart, chief economist at Investment Solutions.

    “The Reserve Bank is in a tough spot at the moment as growth is depressed but inflation is growing but it would have been a bad idea to tamper with the interest rates at this stage.”

    Hart’s view was echoed Adenaan Hardien, senior economist at Cadiz.

    “We predict the next move on interest rates to come out at the end of 2014 with an increase being brought in,” he said.

    “But this will be dependent on our real growth prospects and of course what happens with the rand during that period.”

    Source: Mail & Guardian
    Source Link:

    The City Council Property Valuation Roll

    The City Council Property Valuation Roll

    The City Council property valuation roll is open for inspection from 27 February 2013 to 3 May 2013 for City of Tshwane.

    If you have not checked and objected to the valuation for your property before the deadline of 3 May you will have to pay whatever they decide for the next 5 years ito assessment rates.

    Please contact the City of Tshwane on (012) 358 9999 for any further assistance.

    Below is an article that appeared in the Beeld newspaper recently:


    Article in the Beeld dated 22nd February 2013 written by Cobus Claassen

    Inwoners in die Tshwane-metro moet seker maak hul sakke gaan nie te veel vir eiendomsbelasting geruk word nie wanneer die munisipaliteit se nuwe waardasierol volgende week beskikbaar gestel word.

    Tshwane het sy nuwe rol vir die tydperk 1 Julie 2013 tot 30 Junie 2017 onlangs gefinaliseer.

    Die rol sal van 27 Februarie tot 3 Mei oop wees vir inspeksie en besware. Eiendomsbelasting sal van 1 Julie op grond van die waardasies gehef word.

    Ben Espach, ’n kenner van munisipale eiendomsbelasting, sê inwoners moet hul eiendomme se nuwe waardasies noukeurig nagaan. “As jy die openbare beswaarmakingsproses misloop, gaan dit moeilik wees om jou waardasie reggestel te kry. Mense moet ook seker maak dat hul eiendomme in die regte kategorie aangedui word.”

    Tshwane het net meer as 580 000 eiendomme op sy nuwe rol en die waarde het met R384 miljard gestyg sedert 2008.

    Die waardasierol van die Johannesburgse metro het met net meer as R200?miljard toegeneem in dieselfde tydperk.

    Espach sê hoewel die waardasie van ’n eiendom belangrik is, is dit die heffing waarop Tshwane in sy begroting gaan besluit, wat die grootste invloed op eiendomsbelasting gaan hê.

    29 August 2012 – Market turns for Silver Woods

    29 August 2012 – Market turns for Silver Woods

    Better than ever.

    The following article appeared on the My Property web site on 29 August 2012 regarding the market turning in favour of Silver Woods and that the time has never been better to own a stand in Silver Woods.

    Market turns for Silver Woods

    Launched during the sharp downturn in the property market, the Silver Woods Country Estate on the eastern outskirts of Pretoria is now rapidly regaining favour among buyers who prefer building their own homes.

    Linda Bodenstein of the RealNet Silver Estates franchise reports a sharp uptake recently in undeveloped stands in the estate. “Silver Woods is adjacent to the ever-popular Silver Lakes estate and enjoys the same cachet of luxury living in a secure environment.

    “But buyers have come to realise that open stands in Silver Woods offer excellent value for those who aspire to the upmarket lifestyle this area offers.”

    The estate is now 30% developed, while another 30% of the stands have been sold. Around 120 stands are still available and prices are below the R600 000 transfer duty threshold which saves buyers some cash that can be put to good use when they start building their homes.
    Prices start at around R490 000 for stands of about 900sqm while 1100sqm stands are selling for around R560 000.

    Bodenstein says that two years ago buyers were struggling to obtain bonds for undeveloped stands. “However, most now know they have to pay a 40% deposit and we find that buyers with sound credit profiles have little trouble obtaining building loans.

    “We have also launched innovative financing options for buyers who want to secure stands before having the required 40% deposit. All these factors have contributed to a fast uptake of stands in the development, which had a slow start due to the recessionary economic climate.”

    Buyers have one year to complete construction and although all building plans have to be vetted by the homeowners’ association (HOA) and approved by the local authority, no architectural limitations are enforced. A minimum floor space of 250sqm under roof is, however, prescribed. Homes already completed typically range between 330sqm and 650sqm.

    Bodenstein says the levies at Silver Woods are reasonable. Owners of vacant stands pay R1069 per month, but this decreases to R690 per month once building is completed.

    A creche and an office park in a secured area at the estate’s entrance enhance its appeal. A clubhouse has also been approved by the developer and building will start shortly, while sporting facilities are being discussed by the developer and the HOA. Medical, sporting and shopping facilities abound in a 5km radius around the estate and many buyers cite good schools such as Curro, Abbotts College and high-profile state schools as a reason for settling in the area.
    Issued by RealNet

    14 February 2013

    14 February 2013

    14 February 2013 – We are deeply saddened by the tragic circumstances that occurred today at Silver Woods. Our sincere condolences, thoughts and prayers go out to Reeva Steenkamp’s family and friends.

    ~ Garth Jager
    Garnat Properties