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27 February 2014
FROM THE EDITOR

The Finance Minister, Pravin Gordhan once again stood infront of the nation yesterday and delivered the National Budget for the year ahead. Experts from various industries lauched their opinions about the pros and cons of the budget. We have compiled a list of comments from the Property industry experts. To find out what they had to say about the announcement, read articles titled Budget Comments From...

Amongst the Real Estate Leaders that shared their comments was Shaun Rademeyer, CEO of BetterBond who said "with consumer incomes under increasing pressure from rising transport, food and utility costs, the R9,3bn worth of household tax relief announced on the 26th February 2014's national Budget is very welcome"

Another expert is Lew Geffen, chairman of Sotheby’s International Realty in SA who commented that "Finance Minister Pravin Gordhan was walking an “election tightrope’ when he presented the Budget yesterday and has done well to keep his balance"

In the other news, it was reported that South Africa’s economic growth reached 3.8% in the last quarter of 2013, slightly above economists’ expectations. Read an article titled SA's 2013 growth ends firmer for a full story.

This week we take a closer look at Nelspruit, a provincial capital of Mpumalanga and a gateway to the Kruger National Park located on the North Eastern corner of South Africa. Read more about this interesting town in the Focus On section.

We are still excited about our random quizzes that we'll be running on our Facebook and Twitter pages. To add more value, we have decided to run this competition to support Oliver's House, a non profit charity organisation in Benoni . Click on the Tivvit Solutions Real Estate Quizzes banner for more info.

Enjoy!
The editor


Property of the Week

Matumi Golf Estate, Nelspruit, Mpumalanga, SA
Elegance and style meets you from the front door through out

News

Comment on property market and economy issues
Referring to a recent report from John Loos of FNB, where Loos talks about the Rand weakness’s impact on residential property...

Budget Comments from BetterBond
With consumer incomes under increasing pressure from rising transport, food and utility costs, the R9,3bn worth of household tax relief announced on the 26th February 2014's national Budget is very welcome...

Budget Comments from Chas Everitt International
Berry Everitt, MD of the Chas Everitt International property group says the priorities of this year’s Budget were largely as expected in an election year, when government is obviously trying to seek favour...

Budget Comments from Sotheby’s International Realty
Finance Minister Pravin Gordhan was walking an “election tightrope’ when he presented the Budget yesterday and has done well to keep his balance, says Lew Geffen, chairman of Sotheby’s International Realty in SA...

Budget Comments from Harcourts Real Estate
Finance Minister Pravin Gordhan has met one of his biggest challenges in yesterday’s Budget, says Harcourts Real Estate CEO Richard Gary...

Budget Comments from RE/MAX
In the fifth and final budget speech of the current administration, Finance Minister, Pravin Gordhan, said that the whole South Africa has done well as a nation to weather the financial storm over the last five years post-recession...

SA's 2013 growth ends firmer
South Africa’s economic growth reached 3.8% in the last quarter of 2013, slightly above economists’ expectations...

Interest rate hike could be disadvantageous for the housing sector
Many South African economists, having frankly admitted that they did not expect the South African Reserve Bank’s Monetary Policy Committee to raise the interest rates (as they did recently by 0,5%), are now predicting that...

Home affordability now under pressure
Homebuyers are heading for an affordability squeeze this year and should hurry to buy if they don’t want to get caught between rising interest rate and increasing home prices on the one hand...

Gap between new and existing home prices
While there has always been a gap between the prices of new and existing properties, it is something to note that it reached an all time high of around 37,1% (as reported in a November 2013 ABSA Home Loans quarterly review of the residential property market)...

Diversifying your retirement plan
In planning for retirement, it’s best to diversify your retirement portfolio, it shouldn’t just be one commodity such as only property, or shares or cash...

It's a good time to downscale and cut costs
Pretoria empty-nesters and retirees looking to cut their living costs by downscaling from a large family house to a smaller home should do so without delay...

To move or not to move
The long-anticipated annual vacation period is now over. Back to reality, back to work, back to school and back to thinking about the enjoyment we get from our homes...

Non-payment of levies and arbitration
A case that was mentioned recently in a Smith Tabata Buchanan Boyes newsletter, Mphigalale v Body Corporate of Protea Estate and Another, which deals with a situation where the arbitrator found an owner guilty of non-payment...

Assets do not necessarily assist in obtaining a bond award
One of the common mistakes made by potential home buyers is that they have somehow picked up the idea that if they have substantial assets, e.g. two or more properties, these will qualify them for a mortgage bond...

Right to extension in sectional title schemes
In a sectional title scheme, provided for in the Amendment of section 25 (1) of the Sectional Titles Act 95 of 1986, a developer can register the right to extend the sectional title scheme...


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Focus On

Nelspruit, Mpumalanga, South Africa
Welcome to Nelspruit; a provincial capital of Mpumalanga and a gateway to the Kruger National Park located on the North Eastern corner of South Africa...

>> View properties in Nelspruit

In The Area

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

  • Cape Town Southern Suburbs
  • Strandfontein
  • Bardale Village
  • Wilderness
  • Newcastle
Many Sectional Title Owners Irresponsible
As Sectional Title specialists in Cape Town Southern Suburbs we are frankly alarmed at the increasing number of poorly managed blocks in our franchise...

Ten homes sold in one week at Asrin's South Breeze
The first non-gated lifestyle village in “old” Strandfontein, the 83 unit South Breeze Residential Village, to be built by Asrin Property Developers, saw its official launch day on 4th February 2014...

Bardale Village integrated lifestyle
Working steadily toward creating an integrated lifestyle village, the developers of Bardale Village, IHD (Pty) Ltd, constantly check what is needed in the area and what could add value...

The Garden Route of Eden
Widely regarded as some of the most beautiful terrain that the southern coastline of the Western Cape Province has to offer, property buyers and holiday makers alike are attracted to Wilderness because...

Property sales rocket in buzzing Newcastle
Business is humming in the little city of Newcastle in the north-western corner of KwaZulu-Natal – and so is its property market...

News Continue

Green Building council of SA's Education Update 2014
We have built a new online education platform with the smart guys from GetSmarter. The platform will allow you to do coursework online any place and anytime...

CyberAgent, the real estate software solution

CyberAgent Anywhere Introduction Video

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

To the Editor

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Tivvit Property Count 27/02/14

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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."

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