Monday 20 April 2015

Is property a good investment in the East Rand?

So the question often asked is “Is buying property in the East Rand a good investment?”

the answer is simply, “I don’t know. Are you a good property investor?”

I personally LOVE investing in property for myself or buy to let.

Especially near OR Tambo in the East Rand or buying property in Boksburg!

Where else in the world do you have the banks standing in a queue and begging you to lend you money?

What other investment in the world can offer you such an awesome tax deal, write offs, income earner - you name it?


But please remember, that eager bankers and attractive tax opportunities do not make property a great investment if you personally cannot manage the process or are simply not adept or in love with property itself.

There are many great property deals and  investments ruined by bad investors.

So yes, property is a great investment…if you are a great investor. (Robert Kiyosaki)

What is required is not only skill, but self-awareness of your own shortcomings. You must be brave enough to know when you're not a good fit for a certain type of investing.

email me 

Monday 13 April 2015

Loerie Park 2 bedrooms in Anzac, Brakpan



http://loeriepark.globalfundi.com/investment/
100% Mortgages at Loerie Park, Anzac, Brakpan - near schools, Green belt of Royal Oak golf course, great bird life,

Secure and subsidy of up to R 87,000 to those qualifying - Purchase price from R 378,000 to R 478,000 and we are running out of units.

CALL US TODAY!






Wednesday 17 September 2014

FNB and Building Loans 2014

So in the past if you had a building loan of 100% and you paid your deposit of 10% upfront you could get your 10% back when completed but now FNB has changed their mind.  Or so it seems for now.

Is this because they expect an interest rate hike or is this due to results on their loan book thats not that great and they need to show better results - we will wait and see.


In the past customers were granted a a full Building Loan of 100% by FNB and were required to pay a 10%
deposit upfront even though they had the bond,  which would be possible to get paid back upon completion of the building with some FNB based rules attached - well, this offering was known to some as the “Building Loans cash back” offering.  Nice deal!

But that is gone folks.

The cash back offering on Building Loans which allowed qualifying customers to redeem their 10% deposit upon final completion of the building, will be withdrawn by FNB as from 1 October 2014.

So, the FNB rule for Building loans and their Loan Policy will only cater for building loans as follows:

  • Up to 90% LTV for property values up to R 3, 000, 000.00
  • and 85% LTV for property values exceeding R 3, 000, 000.00
But get your mortgage originator to check for you
Be interesting see what Standard bank, ABSA and Nedbank do next.

Tuesday 13 May 2014

Investors and The Elections - What next?

I do think that investors need to be aware that there are some other issues that are playing out that will give us some direction in the future. Thanks to David te Brake from Pioneer for the input.

The Platinum belt strike is becoming a very meaningful stand-off between the Unions and Business.

The Rand / Dollar exchange rate is being affected by some of SA’s weak economic data. Some of the key issues are the current account deficit, the budget deficit, possible lower tax collections, the financing of both these deficits, high unemployment, low job creation, inflation, rising interest rate and the lack of priority for infrastructure spending, as opposed to wage and grant increases. These issues play a much greater role in your investments than the noise around the election.
The markets have continued to perform reasonably well this year; and people keep questioning this. The sad reality is that the rand looks to be on a declining trajectory, and this weaknesses has continued to help push our markets up. This is because a lot of local businesses in South Africa have got operations outside of South Africa and those profits help the markets a lot.

The three year decline of the Rand against major currencies is a serious concern; however there is nothing meaningful that is being done to stop further declines.
The only thing that may reverse this trend in the short term is a massive increase in resource prices (gold & platinum) and to be effective, that increase would have occur and be in conjunction with a speedy resolution of the mining sector strikes. It is no good if the prices rise and our mines are all closed.

We seem to be hoping for larger and larger miracles without addressing core economic issues, and sadly none of the political parties that I have observed have really come forward with proper plans to reverse this trend. They are all shouting out the same cliches in their promises – they’ll all create jobs, they all promise to stop corruption, they all promise to improve infrastructure, etc.

I think it is prudent for investors to possibly be looking to increase their offshore exposure in the future to hedge against this currency decline so getting the best out of money transfers from South Africa is key.




Tuesday 15 April 2014

NEW DEVELOPMENT ANZAC BRAKPAN 100% Homeloans


 NEW DEVELOPMENT ANZAC BRAKPAN 100% Homeloans

Your Chance To Become a Home Owner!
New development Loerie Park in Anzac ext 2 Brakpan. Loerie Park is situated on Loerie Road. Close to Anzac Primary school. 500 meters. Across from  the Golf course, and close to shopping centres, and all main roads.

The complex will have 50 apartments when completed:
* 6 Apartments with 2 bedrooms, 2 bathrooms, open plan living area, modern kitchen and stove, large balcony with sliding door and private stoep. Priced at R478 000. 62sqm.
* 44 Apartments with 2 bedrooms, 1 bathroom, open plan living area with modern kitchen and stove. 52 sqm. Priced at R378 000. first floor. R398 000 ground floor.
* All apartments are fully tiled, with modern finishes and built in BIC. Spacious!
* All apartments have pre-paid electricity meters.

* No Transfer duty.
* Investors welcome! Rental income of R4000.

Lizette Vilonel lizette@goldenhomes.co.za
071 455 3674