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PREDICTIONS FOR THE 2019 PROPERTY MARKET

PREDICTIONS FOR THE 2019 PROPERTY MARKET

Last year was a tumultuous one, from newly instated presidents to economic recessions, ever-rising fuel costs, interesting IT revelations from SARS and a few more Finance Ministers. As we enter the new year, the question for real estate investors as well as everyday citizens now becomes: What awaits us in 2019?   “Not surprisingly, a lot will hinge around the outcome of the 2019 elec...

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STIMULATE THE ECONOMY THROUGH TAX BREAKS FOR FIRST-TIME BUYERS

STIMULATE THE ECONOMY THROUGH TAX BREAKS FOR FIRST-TIME BUYERS

The state of the South African economy has been on a downward spiral that has culminated in a technical recession announced in September this year. While the South African government has no control over global market conditions, it does have the power to promote economic growth by implementing strategies to stimulate investor confidence and consumer spending in their own country.   ...

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3 BUDGET-FRIENDLY WAYS TO ENTERTAIN FROM HOME

3 BUDGET-FRIENDLY WAYS TO ENTERTAIN FROM HOME

Out of the 261 working days this year, most of us are eagerly anticipating those few December leave days that we’ve worked so hard for. Unfortunately, many of us forget to think ahead and ensure that money has been set aside to allow us to make the most of the holiday season. If you happen to find yourself in this same hopelessly undersupplied boat sailing towards holiday bankruptcy, here ar...

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5 HOUSEHOLD EXPENSES THAT INCREASE OVER THE HOLIDAYS

5 HOUSEHOLD EXPENSES THAT INCREASE OVER THE HOLIDAYS

‘Tis the season of annual leave, Christmas gifting, and school holidays. For most of us, this means that a whole new budget needs to be drawn up to accommodate all the once-off expenses that come with these perks of the season. Rather than ruining your credit score on a month of lavish spending, it is advisable to set up a budget before December starts so that you do not have to resort to pu...

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SHOULD I TRAVEL NOW OR PUT DOWN ROOTS FIRST?

SHOULD I TRAVEL NOW OR PUT DOWN ROOTS FIRST?

Advances in travel technology have made it that much easier to quench human nature’s insatiable thirst to explore. And, South Africans are taking full advantage of this fact. According to Stats SA’s Tourism and Migration Report of November 2017, the total number of South African residents who left and returned to the country is on the increase. For South African residents, the volume o...

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INTEREST RATES RISE TO CUT INTO HOLIDAY SPENDING

INTEREST RATES RISE TO CUT INTO HOLIDAY SPENDING

An unpopular yet unsurprising decision was made earlier today by the Monetary Policy Committee (MPC), as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would increase by 25 basis points. This will bring the prime lending rate up to 10.25% and the repo rate to 6.75%. While most financial analysts predicted that we would end the year at a repo rate of 6.75%, the timing...

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HOW TO FOLLOW UP ON LATE PAYMENTS

HOW TO FOLLOW UP ON LATE PAYMENTS

You’ve screened the tenant thoroughly and their credit check returned a glowing review. You even built a clause into the rental agreement that stipulated that any late payments would accrue interest payable on the following month’s rent. And yet, your tenant is still late on his/her payments. What is a landlord to do about this? The reality is that every landlord will likely have to...

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PROPERTY ADVICE FOR NEWLYWEDS

PROPERTY ADVICE FOR NEWLYWEDS

The notion that newly-wed couples will move from their childhood home into their first home together is as outdated as dial-up-internet. According to the 2015 Stats SA report, the average marriage age for men is 34-years-old and 30-years-old for women. Chances are high that both individuals in the couple will be living in their own place long before the question gets popped. The next question newl...

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GOOD NEWS FOR CAPETONIAN TENANTS

GOOD NEWS FOR CAPETONIAN TENANTS

October 2018 According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, some minor relief is in store for Capetonian tenants as they wait with baited breath for the final axe to drop in the form of an annual inflationary rent increase. “Following an onslaught of attacks on their disposable income over the last few months owing to a weak Rand, fuel cost hikes and...

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RE/MAX NATIONAL HOUSING REPORT Q3 2018

RE/MAX NATIONAL HOUSING REPORT Q3 2018

A Quarter of Contradictions Considering the announcement of a technical recession and ever-rising fuel costs pinching consumers even further, there can be no doubt that last quarter has been a tumultuous one. It is unsurprising, then, that the property market would yield some interesting contradictions during this period. “The third quarter of 2018 has produced some interesting trends...

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WHY IT’S A GOOD IDEA TO BUY IN HOUT BAY

WHY IT’S A GOOD IDEA TO BUY IN HOUT BAY

While there has been a general cooling down in prices in the Cape Town market, there are still certain pockets that continue to do well despite the current economic climate. The suburb of Hout Bay is one of them. The suburb continues to grow in terms of value largely because it offers so many appealing features for permanent residence. Here are just some of the reasons the area remains so popul...

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THE UPS TO DOWNSIZING

THE UPS TO DOWNSIZING

It can be difficult to adjust to a smaller home. But, if it’s any consolation, most South Africans who have bought new properties are living in much smaller homes than the ones they grew up in. According to data from FNB, the average size of a full title stand in 2017 measured just 552 square metres. That is almost half the average size of homes built in the early-70s (1,063 square metres)....

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